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Hey, I’m sorry for such a delayed response, I got into the office just left and never had a moment opportunity to get online and check the trading activity. I’m surprised we close below Friday’s close. I guess the sentiment and confidence on the stock is not good and it’s going to take a lot more than today’s positive PR to regain shareholder confidence and interest.
Frustrating!
Fisker confirms talks with large automaker, secures $150M financing commitment from existing investor
Mar. 18, 2024 8:28 AM ETFisker Inc. (FSR) StockBy: Clark Schultz, SA News Editor6 Comments
Close up of conference room with glasses of water on the table with papers, armchairs and a large window. 3D Rendering
Igor Kutyaev/iStock via Getty Images
Electric vehicle maker Fisker (NYSE:FSR) announced a financing commitment from an existing investor that will provide the company up to $150M of gross proceeds. The financing is being provided by the holder of the company’s 2025-dated convertible notes and will be organized in four tranches.
Fisker (FSR) also updated that it is continuing negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing. It was noted that the closing of any transaction would be subject to satisfaction of important conditions, including completion of due diligence and negotiation and execution of appropriate definitive agreements.
Shares of Fisker (FSR) stood at $0.176 in premarket trading on Monday vs. the 52-week high of $7.22.
Pure speculation on my part, but I see it touching the .13s, but finishing the day at .19 to .20.
Couldn’t agree more with you! They are skin in the cat hard.
FSR: Fisker confirms talks with large automaker, secures $150M financing commitment from existing investor
Fisker confirms talks with large automaker, secures $150M financing commitment from existing investor
Mar. 18, 2024 8:28 AM ETFisker Inc. (FSR) StockBy: Clark Schultz, SA News Editor6 Comments
Close up of conference room with glasses of water on the table with papers, armchairs and a large window. 3D Rendering
Igor Kutyaev/iStock via Getty Images
Electric vehicle maker Fisker (NYSE:FSR) announced a financing commitment from an existing investor that will provide the company up to $150M of gross proceeds. The financing is being provided by the holder of the company’s 2025-dated convertible notes and will be organized in four tranches.
Fisker (FSR) also updated that it is continuing negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing. It was noted that the closing of any transaction would be subject to satisfaction of important conditions, including completion of due diligence and negotiation and execution of appropriate definitive agreements.
Shares of Fisker (FSR) stood at $0.176 in premarket trading on Monday vs. the 52-week high of $7.22.
lol…so true! Glad you reread once you sobered up!!
What’s going on with that trade? Trades before and after are much lower pps at .1719
The 26mm shares at .1747. Seems odd
18:00:05
.1722
100
Big Buttons
18:00:02
.1719
200
18:00:00
,1747
26,051,789
17:59:52
.1720
198
hart
17:59:52
1718
802
17:59:47
.1717
100
Old people who have
I get it.,,.I’m not that way. I’m legit and pretty low key. Been around since 2002. Highly respect you and P B. Enjoy your evening.
I’m with you and I get it….just please be respectful.
Why would you be putting that out there?
Come on SL back it up….I wasn’t bitching! Disappointing close after all the hype. Didn’t mean to disrupt all the karma!!!
Very disappointing close for the day…for the week
Nice action and good way to end the week!
Thanks!😊
It all sounds great! Any concerns for common shareholders? I don’t want to get trapped like cngt….
I’m still trying to understand the complexity of what’s going on…TIA
PB….does this explanation summarize the situation pretty well?
More Understanding Reverse Triangular Mergers
In a reverse triangular merger, the acquirer creates a subsidiary that merges into the selling entity and then liquidates, leaving the selling entity as the surviving entity and a subsidiary of the acquirer. The buyer’s stock is then issued to the seller’s shareholders.
The process is more or less as follows:
The acquiring company forms a subsidiary
The subsidiary acquires the target company
The created subsidiary merges with the target company and is then dissolved
The acquired company becomes the new subsidiary
What???
Good morning everyone! Situation is not good, Patriot however pps at all time low. I’m averaging down hoping to minimize loss and ultimately take a bit of a profit. Good luck, and the best to us all.
3
Good morning everyone and happy Friday!
Who is the fool with a bid through OTCN at .0033 when we have an offer on the ask for .0035?
Thank you! lol…so true! Today’s charting is night and day compared to 15 yrs ago. You are very good at what you do!!
Appreciate all of the hard work you put into these charts “tothe”. Thank you!
Hey cheap! I really wish I could answer that question. Nothing about this company makes sense to me…. sense are nowhere to be found in this equation. Please share if you figure it out.!
Best
3
Riskier play on fsr this am too. Ah at .17
Good morning! I did the same🥳
Good morning! Noticed PRST yesterday AH. It’s pulled back some and is poised well.
I picked up few shares at .17. At the time seemed like a solid bottom but then what do I know? Not much!
contemplating having to file Chapter 11 bankruptcy....so sad!
This is not good. Could we have a possible buy opportunity though....in and out?
Hey there! Have you seen the afternoon pps action? What the "f*ck" is going on? Could this be buying opportunity?
Yep...it's a vicious game!
It’s an otc sub penny stock….who knows why any of them do what they do. It’s a job/income for most and their main goal is to keep their own income flowing through whatever means possible at the time. Also higher risk takers as are sub penny traders who hope for higher returns. It’s all a game at this level.
JMHO….FWIW
GLT us Both!
3
Yes I am aware. He is however a partner with Loyal….just like the new CEO so imagine influence behind scenes remains.
Kevin Damoa just reposted to his LinkedIn acct.
“Accelerating the switch to sustainable road freight involves implementing new ways of thinking and doing transport. To achieve meaningful business results and ambitious climate targets means that the transition can’t happen on the back of companies with goods to move -- as The Economist pointed out. Freight capacity as a service alleviates them from bearing the high upfront costs of going electric, leaving them with exactly what they need: making sure their goods go where they need to, when they need them. With transformation partners like Einride, we can considerably shorten the road ahead.” Robert Falck CEO of Einride.
#1 on Breakout Boards this morning
Just curious Hal...who are the "whales" eye spying us??
TIA!
~3