Fisker Buzz Forums - View Single Post - well it happened
Fisker Buzz Forums

View Single Post
Old 04-05-2013, 04:27 PM   #7 (permalink)
Nin ja
Early Adopter
Nin ja's Avatar
Join Date: Jan 2012
Location: Virginia
Posts: 1,243
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 217 Post(s)

Originally Posted by Fabulist View Post
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.
Karma Ecosport eclipse / dune
Nin ja is offline   Reply With Quote
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 12:38 PM.

Powered by vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.