Look for dillution next week or week after. FFIE the perfect short.
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ Nobody is giving them money... they already blew through $8 billion over the past 6 years. No cash left.....a share dillution is 100% coming.
That's exactly why this is a perfect stock too short. Short interest fell below 3%, so no squeeze is coming.
So why hold the stock....what's going to bring this to a $1 and stay over $1 for a month to stay listed? I get you bought higher, so you refuse to take the loss. could have sold at .75
The longer you hold, the more likely dillution will happen....but they need money if they plan on building anything.
I'm shorting at .75, and if it pumps again over .75 I will short more until dilution happens. Then I will cover talking money from those who refused to sell.
Do not give me stupid answers... They can not operate on what cash they announced two weeks ago. $2 million dollars doesn't last a week in this company.
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james mills7 : no dilution. even if it did, we would buy up all the new shares. my company is doing pretty well. i think ill give myself a raise and buy more premarket