Major Discovery! I Predict FFIE's Stock Price Will Rebound to Over $1 Within 10 Days and Surpass $4 in the Near Future
After my previous post, some commenters raised doubts and asked if I had read FFIE’s financial report. There’s no need to read the financial report to know it’s bad. Even though it has slightly improved from the previous year, delivering only 11 cars in a year is a dismal performance. Additionally, the available cash is a mere $2 million, making the company look like it’s on the verge of collapse. However, everyone is overlooking one issue. These figures are from the end of 2023, and we cannot view FFIE's current situation through the static lens of that data. Some might say that FFIE hasn’t delivered any cars this year, and the figures must be even worse. I agree, if you only look at the operational data, it’s definitely bleak. This is also the logic short-sellers use to justify their positions. But as an irrational retail investor who supports Jia Yueting and invests in FFIE, I want to remain optimistic and highlight some positive aspects. Here are the factual points: 1.Capital Increase Through Stock Issuance: FFIE’s capital base has been strengthened. Theoretically, even issuing a single share would increase the company’s net value. FFIE issued around 400 million shares, and even at $0.04 per share, any capital influx would improve cash flow. This is why FFIE is still in operation. 2.Institutional Investor Participation: Most of the new shares were bought by institutional investors, who have been supporting FFIE consistently. They converted their bonds into stocks during FFIE's toughest times, continuously helping the company. 3.Company-wide Salary Reductions: FFIE has implemented pay cuts across the board, with even the lowest salaries being reduced. Everyone in the company has made significant sacrifices to save it. These points are based on Jia Yueting's video（https://x.com/ytjiaff/status/1796249034174382130?s=46）, and I believe he isn’t lying. Interested parties can check it out themselves. There might be pessimistic views on this, potentially disheartening to steadfast retail investors, especially those who bought FFIE stock at higher prices. This is why I believe institutional investors should support the stock price back to over $3.9. Of course, this is all my speculation. It hasn’t been confirmed, and I don’t intend to verify it. I still want to remain optimistic: 1.Institutional Investors Aren't Fools: They have their reasons for continuously supporting FFIE. I believe they have access to insider information that is far more detailed than general financial data. If they are backing FFIE with real money, we should be willing to believe that while financial reports might explain FFIE’s failures, they won’t be the stumbling block to its success. 2.FFIE Management and Employees Aren’t Fools: I understand the importance of a job and matching salary for an employee or their family. If FFIE employees are making significant sacrifices, what reason do we have to doubt their sincerity in saving the company? Note, this refers to pay cuts, not unpaid salaries. If FFIE goes bankrupt, executives and employees may not be able to claim their dues. 3.Institutional Involvement in Trading Volumes: On May 15th, trading volume reached $889 million, on May 16th it hit $1.479 billion, on May 17th it was $3.188 billion, and on May 20th it was $1.182 billion. It’s hard to believe such high trading volumes are solely due to retail investors. Based on the above, I believe support for FFIE will regroup. After all, if FFIE is delisted, it’s a loss for everyone, whether institutional investors, retail investors, or even company employees. To avoid delisting, FFIE needs another consecutive 10 days of positive performance. This is both an opportunity for us retail investors and a chance for FFIE’s rebirth.
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OptionsKing : LoL....no need to pay attention to the cash they don't have to build anything? You said this would be $2 Friday....it's 50 cents. instead of lying to everyone why not just be truthful
Stephen8 OptionsKing : Yes, please short it. When you do post a screen shot. The fact that you are trying to act like a little hater is funny. See, I do not care. You came here out of spite.
美滋滋 : Yes, their company has weathered it. Now it's time to find an opportunity to stay above one dollar. Our retail investors will continue to hold it even if they have the chance
NANA7687 美滋滋 : How do you say it's already through difficult times
gwarner OptionsKing : (:
Jeffree Rothermel : neat insight, rhanks