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This was a warning sign here … what a joke Henrik Fisker talking about a tech that could charge 700 miles in a minute more gibberish.
This was a warning sign here … what a joke Henrik Fisker talking about a tech that could charge 700 miles in a minute more gibberish.
Fisker is no longer in production ( I believe ) and they are not selling their current inventory so any spike here ( if there are any left should be a good short ) when you look at their Twitter account Fisker clearly stated 300 production a day back in November 2023.( although I can’t see it because I was blocked from Fisker inc ) you can see this company las lying 🤥 their tail off.Check out the lawsuits against Fisker for this and other misstatements as well.
When Cramer called Fisker a Charity during a lightning round about 4 months ago he was not playing around and nailed this stock very good based on the CEO Henrik Fisker and not the EV Ocean. This CEO is careless and dangerous with financials . Fisker claimed BK a while back and took over 100 million of government money but this time around he is taking money from the retail investor and he does not give a shit 💩 since he already cashed out over 20 million bucks before the Ocean even started production. Very smart man if you asked me but in reality he is a nothing but a thief that will go down as a con man. I hope he dies in his sleep 😴 tonight. $FSR
Soon Fisker will have no option but to reverse split . IMO
Wow great news today ! The stock should go $5.00 PPS ! …. 😝 …. NOT !
https://ih.advfn.com/stock-market/NYSE/fisker-FSR/stock-news/93214035/fisker-to-release-ocean-os-2-0-software-update-im
Ps Fisker should have could have had this update done in 2023 ! but now you see all their missed targets !
Now is obvious that Fisker is not producing any EV’s in 2024 so far because they have to sell old inventory form 2023. IMO
I’m surprised that the PPS has not dropped below $.60 .
No doubt in my mind that this will be close to $.45-$.55 soon. Too much dilution and Fisker is spending money too fast.
This CEO reminds me of Enzo Ferrari , beautiful Ferrari . I mean who does not like a Ferrari? The problem is the CEO That does not know how to run a successful company just like Enzo Ferrari took years to see a profit but the common shareholders get the shaft by reverse splits and bankruptcy.
Let’s see where Fisker goes this to now that the name is tarnished.
Fisker = Charity by Cramer
Anyone notice the massive share increase? At $2.00 PPS this is a 1 billion market cap. Fisker has a 412 million market cap now at $.81. It’s called dilution .
I found this and if I’m reading this correctly the conversion happens at above $.53 .
I’m also thinking of a multi day run up here before the RS. There also has to be a good news catalyst for this run up to happen .
https://www.sec.gov/Archives/edgar/data/1750153/000110465924008789/tm244685d1_ex10-2.htm
All in my opinion of course!
What are the chances of bankruptcy here ?
When is the dead cat bounce before bankruptcy?
Remember when Cramer commented on Fisker by calling them “ Charity “?
Well it seems Fisker is doing charity work by offering free rides lol 😂
“Fisker
149,942 followers
5h • 4 Electrifying announcement! In honor of the NADA Show 2024, we are offering our #FiskerOcean chauffeur service! Enjoy a complimentary ride from the Las Vegas convention center to your nearby destination within radius of the Las Vegas strip*. Join us on our mission to create a clean future for all. Find us parked out front of the Las Vegas convention center in Fisker Oceans
during Feb 1-4 from 9am-5pm”
Expect the stock to stay under a buck for some time . IMO
Now we all know what the rule of thumb is here based on Fisker’s past Reservations of the Ocean . The number is 8% !
You may ask why 8 % ?
Do the math here , Fisker had 6,500 reservations and sold 4,700 .
Fisker now can say they have 100k reservations of the PEAR and they will sell around 8,000 based on the Ocean’s same reservation model. The PPS should remain under a buck for a while .
Wow 😯 Fisker gets over 100 dealers and the stock is down pre-market and that could only mean one thing ! More dilution because now they have to pay these dealers a commission but hopefully now they can sell their UNSOLD EVs now that Fisker can’t sell these EVs on their own !
When is the Foxconn deal sealed ? Still waiting after the CEO said back in November that it had to be sealed in 2023 .tic toc ….
Well Blackrock needs to put the money somewhere where there is high risk .I’m sure they are shorting as well . IMO
Fisker will more likely sell between 12k and 17k EVs for 2024 taking into consideration that Fisker already said that that they expect their unsold inventory of about 5k EVs . They sold 4,700 EVs in 2023 and 10,142 were produced in 2023. Let’s take the 5k in Q1 . That leaves 12k for 2024 to hit 17k . Let’s take 17K x 50,000 = 850 million in revenue. Their cash burn rate is about 850 million a year average for the past few years . I can see why the PPS will struggle to go over a buck for now.
Yes Fisker is trying very hard to sell their unsold inventory when supposedly these were all sold according to Fisker reservations over 65k and only really sold 4,700 EVs in 2023. I don’t believe they are in production right now when Fisker is having to send these EVs to dealers to be sold.
Very good question…… but why would they continue production if they have to contact dealers to help them sell their unsold inventory? Fisker just has one EV being produced. You see the things about these analysts is that they do get paid a lot and if you look at Goldman Sachs just downgraded the stock from $1.00 to $.75 and this is a 12 month target. I believe analysts at GS are the type of on the ground research and they MAY have gone and seen that no EVs are being produced by magna and this could be speculation but who really knows unless you live close by where these EVs are being produced?
https://www.marketscreener.com/quote/stock/FISKER-INC-46415498/news/Goldman-Sachs-Trims-Price-Target-on-Fisker-to-0-75-From-1-Maintains-Sell-Rating-45814499/
Now the whole reservation issue means squat , nada 👎 Zero 0️⃣ when it comes to the Pear and Alaska and that is IF Fisker can get this far and survive !
Yes it went up 33% and now down 36% . It gave all its gains in 3 days. It’s Called a pump and dump.
Fisker can’t sell the Ocean SUV and now have to talk to all these dealers to help sell their unsold inventory. This company is toasted .
This is very sad when Fisker can’t sell their unsold inventory after having 65k reservations. This alone should have been a red flag and the SEC should have stepped in for fraud . Plain and simple .
This is very sad when Fisker can’t sell their unsold inventory after having 65k reservations. This alone should have been a red flag and the SEC should have stepped in for fraud . Plain and simple .
I believe this CEO Henrik Fisker should get a few years in prison for pump and dump .
Here is last post from Stocktwits:
Official FSR Representative
@Hfisker $FSR all FSR investors should read the 8K we filed today .
“We have come to a good agreement with one of our investors that will allow us to move to the next stages of potential strategic business deals”.
Investors should complain to the SEC ! This guy belongs in prison !
https://people.com/tech-ceo-dies-freak-accident-company-party
I believe in Karma !
You nailed it and this ticker will stay under $1.00 for some time to come. The CEO already got paid 20 million in a year I believe this to be his biggest payday in his career and another Bankruptcy by the moron Henrik Fisker will not hesitate to Bankrupt again as a CEO is careless and can’t run a successful business
lol this is what a paid promo looks like bait and switch…. In other words pump and dump . Gap filled ? By all means no ! This dog with infested flees will scratch a few times more because that is what dogs do try to get rid of the flees . The last deal did reduce the debt by 185 million but what people don’t realize is that Fisker has 1.2 billion in debt so now they still have over a billion in debt and wanting to move this inventory so they can have some revenue. And I don’t believe that Fisker has cleared up their NHTS investigation about their brakes ? Reason why over 60,000 cancelled the Ocean SUV for a reason because the CEO is incapable of running a clean successful business even after taking over 100 million dollars from taxpayers money then claiming BANKRUPTCY in 2013 and still has not learn how to run a business but to cash himself 20 million dollars in stock back in 2023!
If you don’t believe me just google it.
Fisker had “approximately 65,000” reservations for the Ocean, up slightly from “over 62,000? as of its prior earnings report.Feb 27, 2023”
In 2023 Fisker sold 4,700 Ocean EVs and now in 2024 they have unsold inventory of around 5,000 Ocean EVs which does not make any sense when they had so many reservations. You mean to tell me that they were over 60,000 reservations cancelled?
Now Fisker can’t even sell the current inventory so they have to negotiate a deal with over 100 dealers nationwide to sell these EVs ?
Does anyone here see the scam ?
Henrik Fisker is a big lier and that is why people are suing Fisker. This stock is going to ZERO 0️⃣.$FSR . That’s amazing to have over 60,000 reservations in 2023 and now they can’t sell these .
What happen to all the Ocean reservations Fisker had last year was over 20k and now they have to send these cars to dealers to sell ? Something does not add up here . Fisker is wanting to get rid of the current inventory and send them to dealers? It seems that if they had all these reservations then why are they not delivering? Fisker essentially pause production for a reason . The reason is that Fisker is not selling these EV’s !
That was the top $1.10 now back to only a 10% gain. This was another pump and dump if you notice Henrik Fisker did the announcement on Stocktwits and right after the PPS shot up 33% and then tanked a 20% ….. I called it a pump and dump if I have seen one . Even Ray Charles could have seen this coming.
It would seem problem solved if Fisker can nail the logistics but the CEO seems to be unqualified to run a business. Henrik Fisker had enough time to figure out the delivery part of the business. The stock is at all time low for many reasons and mostly because of the CEO incompetence. Henrik Fisker is no Elon Musk by any means . $FSR
Look at Canoo in a similar situation where they are ramping up production at market cap around 160 million . Fisker is at around 290 million market cap has more debt so with that said the PPS can tank to 160 million market cap putting the PPS around $.40 ….. if you want a play here then wait for it. A falling knife 🔪 is hard to catch at the right price although someone will always nail it and make a quick 100% return
The debt is too big right now around 1.2 billion and they are not making money now with each EV sale. They need to ramp up but the demand is just not there . This went from 42k a year in 2023 to around 7k . Fisker can’t afford a massive recall . I don’t thing they will go BK but a reverse split play for sure in the next few months if they don’t improve
I believe because of the NHTA recall debate on the Ocean brake system. All vehicles recall could BK this company
$FSR is about to finally crash and burn .. Literally ! Fisker Brake system is under investigation!
“ Crash and injury: One complaint involved a crash allegedly linked to the braking issue, resulting in an injury.“
https://thebrakereport.com/fisker-ocean-under-nhtsa-scrutiny-for-braking-concerns/
$FSR Looks to be headed under a buck soon A . Falling knife 🔪 is hard to grab . IMO