Replies to post #5248 on Fisker Inc (FSRNQ)

[DavidLeeRoth]

Quite the story😎 FSRN is about to bounce back as well!!

[Brucebannerr]

Not even close . Cool fantasy though . When exactly was Carvana delisted ? They also had assets to use to restructure their debt . This insolvent pig has none . Also the founders of the company had deep pockets and were willing to put their own money on the line . Heinrich not so much .
Carvana and the creditor group announced a consensual deal in which the money managers would agree to a 24 cent-on-the-dollar haircut on their previously unsecured debt. In exchange, Carvana would swap new bonds secured with the company’s assets as collateral.

Carvana will also raise at least $350mn in new equity, with the Garcia family putting in more than $100mn.