It's NLPC spin. They're the Rush Limbaugh of think-tanks. The news (which may or may not be accurate) is a bit like saying that whenever any Best Buy store is being sued, your computer (that you bought from some other Best Buy) is evil. They say that a company that sold Fisker equity to private is being investigated; they imply (without saying) that it's because of the sale of specific Fisker securities (which may or may not also be true); and they imply that therefore Fisker themselves are "dirty".matrix said:Just when I start feeling better about the stability of Fisker, I read this. Anyone know if this is true, and how it could affect the private funding Fisker already raised?
I'm amazed at how many want to see Fisker fail. Unbelievable! Especially at a time when we need more mfr's and innovators in the U.S. Everything becomes political... it's sad.ct-fiskerbuzz said:It's NPLC spin. They're the Rush Limbaugh of think-tanks. The news (which may or may not be accurate) is a bit like saying that whenever any Best Buy store is being sued, your computer (that you bought from some other Best Buy) is evil. They say that a company that sold Fisker equity to private is being investigated; they <i>imply</i> (without saying) that it's because of the sale of specific Fisker securities (which may or may not also be true); and they imply that therefore Fisker themselves are "dirty".matrix said:Just when I start feeling better about the stability of Fisker, I read this. Anyone know if this is true, and how it could affect the private funding Fisker already raised?
Just a disgruntled investor that could not or would no meet his prior cap call. Doubt he'll have any recource. Regarding AEI... They'll have more difficulty raising funds do to the recent CR media blip vs. any Wells Notice etc...matrix said:Just when I start feeling better about the stability of Fisker, I read this. Anyone know if this is true, and how it could affect the private funding Fisker already raised?
I responded to the article that taxpayers also bailed out GM for tens of thousands of Cadillacs.matrix said:Just when I start feeling better about the stability of Fisker, I read this. Anyone know if this is true, and how it could affect the private funding Fisker already raised?
I spoke with AEI's representative about this today at the Fisker event. The Wells Notice from the SEC is not related to their fundraising for Fisker. I can't really go into any further detail about it, but the press is, as usual, getting it wrong and this has nothing to do with the fundraising activity for Fisker. We now return you to the previously scheduled EV-bashing by the media, already in progress.matrix said:Just when I start feeling better about the stability of Fisker, I read this. Anyone know if this is true, and how it could affect the private funding Fisker already raised?
They probably did not read all the material that comes with the prospectus. I don't know about this particular case, but in general, private investors in earlier rounds can choose to invest in later rounds or just allow their investment to be diluted when the company sells more stock later on. Nothing particularly unusual about any of this, as far as I can tell.kabalah70 said:plugitin,
So are you thinking that this guy promised say $300,000 in funding, coughed up $210,000 upfront, and then they put out a capital call for the rest?
Sounds logical. I looked into the SEC requirements to be able to buy private stocka long time ago, primarily what it takes to be a sophisticated investor, which is really a misnomer. If you have enough money to waste without it affecting your livelihood you can qualify. So a rich fool can quickly be separated from his money.
The guy probably put in $210,000.00 between Series A1 and B1. The valuations we're attractive then. On the D1 raise, Fisker/AEI had a pay to play. Translated - if you did not put in 40% of what you had already invested, they we're going to convert you from preferred shares to common and dilute you in half. He was pissed and could not or would not do it. Most investors did make that call. If the Fisker is bought that particular investor won't see a penny. Of course if Fisker goes belly up - none of the investors will.kabalah70 said:plugitin,
So are you thinking that this guy promised say $300,000 in funding, coughed up $210,000 upfront, and then they put out a capital call for the rest?
Sounds logical. I looked into the SEC requirements to be able to buy private stocka long time ago, primarily what it takes to be a sophisticated investor, which is really a misnomer. If you have enough money to waste without it affecting your livelihood you can qualify. So a rich fool can quickly be separated from his money.
They were diluted to less than 1% in the D-X conversion before the A-1kabalah70 said:Which is exactly what happened to QTWW's ownership.
A123 did not participate in the D1 round, they wrote down their Fisker investment to reflect the conversion from preferred to common, they did not complain. It is in their 10K. Not sure if this guy has a case.plugitin said:The guy probably put in $210,000.00 between Series A1 and B1. The valuations we're attractive then. On the D1 raise, Fisker/AEI had a pay to play. Translated - if you did not put in 40% of what you had already invested, they we're going to convert you from preferred shares to common and dilute you in half. He was pissed and could not or would not do it. Most investors did make that call. If the Fisker is bought that particular investor won't see a penny. Of course if Fisker goes belly up - none of the investors will.kabalah70 said:plugitin,
So are you thinking that this guy promised say $300,000 in funding, coughed up $210,000 upfront, and then they put out a capital call for the rest?
Sounds logical. I looked into the SEC requirements to be able to buy private stocka long time ago, primarily what it takes to be a sophisticated investor, which is really a misnomer. If you have enough money to waste without it affecting your livelihood you can qualify. So a rich fool can quickly be separated from his money.
Personally - I think the company will pump out 4500 Karma's and get most of the software problems fixed this year. They'll get funding via an international bank and start paying back the DoE.
If they can get 90% of the Software bugs fixed, and cut build cost on the Nina by 5k to 10k on the Nina, then company is going to experience a rocket ride.
Fisker will either be bought in 2013 or will be a pubic company. It would trade 20% behind Tesla valuations IMO.
Make no mistake about it. The world will witness Fisker owners getting 65 MPG to 95 MPG. You get the software glitches under control and the company will sell 5k Karma's in 2013 and take orders on 15k Nina's.
This company will be a success despite what the negative media vomits today.
FYI... I'm at 1700+ miles on mine and getting 82 MPG AVE. I have faith that 6.15 will improve my short term software problems as of late.[hr]
They were diluted to less than 1% in the D-X conversion before the A-1kabalah70 said:Which is exactly what happened to QTWW's ownership.
Heck. If it we're my company, I'd consider selling the plant in DE. Best case we split it with BMW if we can reach volumes of 50k or more. That will be 2016 at bestSparky168 said:A123 did not participate in the D1 round, they wrote down their Fisker investment to reflect the conversion from preferred to common, they did not complain. It is in their 10K. Not sure if this guy has a case.plugitin said:The guy probably put in $210,000.00 between Series A1 and B1. The valuations we're attractive then. On the D1 raise, Fisker/AEI had a pay to play. Translated - if you did not put in 40% of what you had already invested, they we're going to convert you from preferred shares to common and dilute you in half. He was pissed and could not or would not do it. Most investors did make that call. If the Fisker is bought that particular investor won't see a penny. Of course if Fisker goes belly up - none of the investors will.kabalah70 said:plugitin,
So are you thinking that this guy promised say $300,000 in funding, coughed up $210,000 upfront, and then they put out a capital call for the rest?
Sounds logical. I looked into the SEC requirements to be able to buy private stocka long time ago, primarily what it takes to be a sophisticated investor, which is really a misnomer. If you have enough money to waste without it affecting your livelihood you can qualify. So a rich fool can quickly be separated from his money.
Personally - I think the company will pump out 4500 Karma's and get most of the software problems fixed this year. They'll get funding via an international bank and start paying back the DoE.
If they can get 90% of the Software bugs fixed, and cut build cost on the Nina by 5k to 10k on the Nina, then company is going to experience a rocket ride.
Fisker will either be bought in 2013 or will be a pubic company. It would trade 20% behind Tesla valuations IMO.
Make no mistake about it. The world will witness Fisker owners getting 65 MPG to 95 MPG. You get the software glitches under control and the company will sell 5k Karma's in 2013 and take orders on 15k Nina's.
This company will be a success despite what the negative media vomits today.
FYI... I'm at 1700+ miles on mine and getting 82 MPG AVE. I have faith that 6.15 will improve my short term software problems as of late.[hr]
They were diluted to less than 1% in the D-X conversion before the A-1kabalah70 said:Which is exactly what happened to QTWW's ownership.
I sure hope the 6.15 will address most thing and the Karma can let loose and sell freely. We haven't really seen the demand from Europe and China yet. It should be interesting to see the next few weeks for the software release. Not rushing it, make sure it is ready first.
As far as Nina is concerned, why not shelve the Delaware for now, build the Nina in Valmet for now, to eliminate the Delaware plant upfront cost. At the appropriate time, then turn on Delaware.
Oh, another option is Magna in Canada![]()
Thanks for getting the facts, and clearing this up Fab. Maybe Fisker's bad press will settle down after Nov. :-/Fabulist said:I spoke with AEI's representative about this today at the Fisker event. The Wells Notice from the SEC is not related to their fundraising for Fisker. I can't really go into any further detail about it, but the press is, as usual, getting it wrong and this has nothing to do with the fundraising activity for Fisker. We now return you to the previously scheduled EV-bashing by the media, already in progress.matrix said:Just when I start feeling better about the stability of Fisker, I read this. Anyone know if this is true, and how it could affect the private funding Fisker already raised?
Sadly, in today's world, a blogger, with an agenda and a send button, is thought of as legitimate press.....matrix said:Thanks for getting the facts, and clearing this up Fab. Maybe Fisker's bad press will settle down after Nov. :-/Fabulist said:I spoke with AEI's representative about this today at the Fisker event. The Wells Notice from the SEC is not related to their fundraising for Fisker. I can't really go into any further detail about it, but the press is, as usual, getting it wrong and this has nothing to do with the fundraising activity for Fisker. We now return you to the previously scheduled EV-bashing by the media, already in progress.matrix said:Just when I start feeling better about the stability of Fisker, I read this. Anyone know if this is true, and how it could affect the private funding Fisker already raised?