Opinion: HenryF can't afford to care about share price n shareholders, esp short term holders
$Fisker (FSR.US)$ Its either save the shareholders or the company. Whatever is the reason that has brought fsr from 5usd to 0.13usd, Henry cannot salvage us without losing focus on saving the company itself. He seems to have rightfully chosen the later. Besides, its apparent that lower the prices go, short term investors will grow more than the long term ones; another reason not to spare any second of his life on the share price anymore. He desperately needs more committed investors and partners, his actions are constantly showing that. Its obviously my read into the gamut of evidences publicly available, and if right, share prices aren't going into much green belts. And i think, most investors have already felt this and are growing confident that the price has only one way to go for weeks and no bottom is low enough; promoters are just not into share price anymore. Abandoned, to put it mildly.
So, the only ones that can survive this are the ones who are willing to be at -70% plus, for 3 years or more. Even then there is 0 guarantee that it wont turn to -98%. It seems to be ideal ground for short traders.
Disclaimer: Everything I just conveyed is pure guesswork. Even I am clueless on what to do, but i dont seek advice, its all my own decision so far.
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keanul gohre : to me, it looks like the 8k gives a good hint why they temporarily suspended production. This hint is the OEM they are potentially partnering with has ordered Fisker “halt all capital expenditure's.” Production requires expenditure of capital. This tells me an OEM deal is coming with Fisker adhering to OEM requests prior to it being announced.
This is exact verbatim in the 8K.
“The Company also will not be permitted to undertake additional capital expenditure commitments until the execution of definitive documents governing the terms of an OEM Transaction”
73677513 OP keanul gohre : Gold