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Old 04-05-2013, 02:16 PM   #1 (permalink)
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Now what
http://www.autonews.com/apps/pbcs.dl...#axzz2Pc7mTKdN
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Old 04-05-2013, 02:34 PM   #2 (permalink)
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You tell us, they don't communicate with you guys? I did speak with my local dealer and all he would say is they intend to continue selling their remaining inventory.
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Old 04-05-2013, 02:34 PM   #3 (permalink)
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Good question. The company is still trying to find an investor or strategic partner but it is getting harder every day. Need to hope for the best but prepare for the worst.
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Old 04-05-2013, 02:40 PM   #4 (permalink)
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It's pretty clear now that any buyer will come after bankruptcy. So once that happens things will probably get a bit easier.
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Old 04-05-2013, 02:55 PM   #5 (permalink)
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i agree, fisker should quickly do chap 11 re-org and hope for the best, it seems pretty dire at this point and the slow bleeding is worse then just doing it and moving on for all parties concenred -- to me, Henrik leaving was a leathal blow to the name sake.
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Old 04-05-2013, 03:02 PM   #6 (permalink)
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i agree, fisker should quickly do chap 11 re-org and hope for the best, it seems pretty dire at this point and the slow bleeding is worse then just doing it and moving on for all parties concenred -- to me, Henrik leaving was a leathal blow to the name sake.
The complication is that BK-11 will wipe out all the existing investors, many of whom are on the board and the biggest one, Ray Lane, is chairman. So they will try everything else before resorting to BK.
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Old 04-05-2013, 03:27 PM   #7 (permalink)
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The complication is that BK-11 will wipe out all the existing investors, many of whom are on the board and the biggest one, Ray Lane, is chairman. So they will try everything else before resorting to BK.
Unless the investors are ready to pony up new monies, I can't see any alternative with little cash and no product to sell. They bet wrong, they hired wrong and did not put in contengency plans to deal with the risks -- that's what happens when management has no skin in the game.

If I was an investor, I would move to merge with VL-Automotive or VIA and take what I could get -- the slow role will be worse for the brand at this point and changing the name to Destino - V8 and Destino-EVER or VIA Karma would not be a bad way to re-make the brand with Lutz at the helm with either option.
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Old 04-05-2013, 03:35 PM   #8 (permalink)
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Gut feeling for me being on the dealer side they will go Chapter 11 and the Chinese will move in and buy what's left .And move forward from that point I guess it's going to be a long waiting game.
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