I have no choice but to translate for my fellow Asians, please read this!
$Faraday Future Intelligent Electric Inc.(FFIE.US$ Retail traders in Asia experienced chaos in the market last night. The trading platform “MooMoo” mistakenly showed authorized shares (440 million shares). This is the total number of shares owned by the company, but they cannot be traded by the public. It should show outstanding shares (43 million shares), that is, the number of shares retail traders can trade. This made Asian traders mistake the company for stock dilution after the earnings call.
To clarify, the shares available for trading are still 43 million, and this has always been the case. In the earnings call, FFIE said they won't be doing stock dilutions in the future unless investors agree.
Earnings reports are far better than expected, and the situation remains positive.
To clarify, the shares available for trading are still 43 million, and this has always been the case. In the earnings call, FFIE said they won't be doing stock dilutions in the future unless investors agree.
Earnings reports are far better than expected, and the situation remains positive.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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102690283 : After opening at 9:30 I knew if it was Moomoo or Faraday Future who was the scammer
Avengers 2023 : How can they make such serious mistakes. They should compensate us.