Fisker Inc (fka FSRNQ)

[stoxjock]

Getting 20% of shares in new comp[any is not an issue as these are 'Reverse Mergers' thru the SPAC. IN all these cases, the Company being merged into ie, the 'Sponsor' (in our case 'Fisker') will get a majority % of shares as they need Control going forward. The original SPAC setup guys will get a minority stake, as well as 'early Retail' investors like us buying up the SPAC stock. BUT the issue here is they seem to be "printing' MORE shares to 'convert' all this "Convertible Debt' & "Preferred Shares' nonsense that the Fisker guys seem to have had, prior to getting into this SPAC Merger... I haven't seen this in other SPACs... Maybe this is the reason that the Shorts jumped in ( in addition to a huge # of 'warrants' that may be getting issued too), and pummelled the PPS here... The 'Fisker' Leadership (yes, I am talking about Henrik Fisker et Al) better step up here and defend the Stock PPS, otherwise there are going to be lot of lawsuits here...