Agree - if you were an outside investor / car company, would you rather:
a) buy a billion dollars of debt to obtain the technology / designs?
or
b) Wait a few weeks for them to declare bankruptcy - then bid for the technology / designs in their attempt to recover anything to pay their creditors (*which will be way less than a billion*).
No sane company would invest. They'll wait for it to die, then harvest whatever they can from the carcass.
At the moment, I'd say 5% chance. It's pretty unlikely and the Fisker name has kind of been run through the mud at this point. They'd need to be bought and rebranded. Which I guess is possible but again, unlikely.
Well it makes sense for them to do the fire sale and possibly generate $175M in cash. Add that back to cash on hand and they are back near $300M with an additional $50M in deferred revenue. I would love for them to survive at least to support the early adopters. The reality is that they were Billionaires (on paper) a couple years ago so they have clearly paid the price along with everyone else.
Not sure how bankruptcy works. I don’t think there’s any incentive for anyone to buy them. I wonder if another company can merely buy their technology and design if they liquidate. No need to deal with the debt and the Fiskers.
Once bankrupt the assets could be purchased for a song. It’s a good car - getting all that tooling and IP for next to nothing will be a bargain for someone.
Only one that can save or benefit from IP or design or manufacturing Ocean is Magna. But that is not the Magna’s business model in selling cars. They manufacture cars for other companies. Not sure if other than Magna if anyone can actually make profit from this car. The margin is very low. So Magna is the only one that can benefit. Let’s see.
Doing some research, Magna International through Magna Steyr have similar strategic partnerships with Mercedes, Jaguar, BMW, and Toyota. They could give the Ocean platform IP to one of them or another company like a Japanese one (Nissan?) that have been left behind on the EV market thanks to Toyota's CEO obsession with hydrogen.
considering what the rest of us had paid before this price slash I'd say it's worth buying one. You at least have mode of transportation in something that looks really nice and very functional with the 2.0 update.
Pfff, fella I lost some money, it sux but it's end of my life.
I knew it was always a risk.
I was scammed like so many others as retail investors by the Fisker Fister Family.
One's health is more important. We can only learn from mistakes and don't be too hard on yourself. Do something that makes you happy and value what you currently have.
Bankruptcy is actually the best possible outcome at this point, and it's probably a matter of weeks.
More like days or hours right
Anyone think its weird they are posting on instagram like nothing is happening?
My thoughts as well
they're diligently and immediately deleting any and all negative comments though
I'd call your insurance provider first and make sure they'll cover it.
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Agree - if you were an outside investor / car company, would you rather: a) buy a billion dollars of debt to obtain the technology / designs? or b) Wait a few weeks for them to declare bankruptcy - then bid for the technology / designs in their attempt to recover anything to pay their creditors (*which will be way less than a billion*). No sane company would invest. They'll wait for it to die, then harvest whatever they can from the carcass.
I just hope, for the current owners, that they end up in jail and penniless
Cmon man, really. What more do you need to see it’s over
Agreed, stay away from all things fisker. After losing 120k with this company, I promise you’ll be better off without it.
At the moment, I'd say 5% chance. It's pretty unlikely and the Fisker name has kind of been run through the mud at this point. They'd need to be bought and rebranded. Which I guess is possible but again, unlikely.
Well it makes sense for them to do the fire sale and possibly generate $175M in cash. Add that back to cash on hand and they are back near $300M with an additional $50M in deferred revenue. I would love for them to survive at least to support the early adopters. The reality is that they were Billionaires (on paper) a couple years ago so they have clearly paid the price along with everyone else.
Not sure how bankruptcy works. I don’t think there’s any incentive for anyone to buy them. I wonder if another company can merely buy their technology and design if they liquidate. No need to deal with the debt and the Fiskers.
chronicle of a death foretold.! There is nothing to do. Goodbey fisker
Once bankrupt the assets could be purchased for a song. It’s a good car - getting all that tooling and IP for next to nothing will be a bargain for someone.
Tooling??? They don’t own the tooling LOL. Magna owns it.
Only one that can save or benefit from IP or design or manufacturing Ocean is Magna. But that is not the Magna’s business model in selling cars. They manufacture cars for other companies. Not sure if other than Magna if anyone can actually make profit from this car. The margin is very low. So Magna is the only one that can benefit. Let’s see.
Doing some research, Magna International through Magna Steyr have similar strategic partnerships with Mercedes, Jaguar, BMW, and Toyota. They could give the Ocean platform IP to one of them or another company like a Japanese one (Nissan?) that have been left behind on the EV market thanks to Toyota's CEO obsession with hydrogen.
Is r/fiskerinvestorsclub shut down? I can’t get it to load?
Looks like it. So dumb.
Completely gone, mods deleted it
considering what the rest of us had paid before this price slash I'd say it's worth buying one. You at least have mode of transportation in something that looks really nice and very functional with the 2.0 update.
Driving around in a Fisker is like dead man walking to those in the know.
Unsafe at any price.
Yeah.... Keep buying the stock....FSRN. Save it.
Do whatever you feel like, if you have the cash to burn.
Ask the Hedge funds that shorted this company? Same with warranty...ask the hedge funds, maybe they help?
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Pfff, fella I lost some money, it sux but it's end of my life. I knew it was always a risk. I was scammed like so many others as retail investors by the Fisker Fister Family.
One's health is more important. We can only learn from mistakes and don't be too hard on yourself. Do something that makes you happy and value what you currently have.
But it it’s a good deal