[LonePalmBJ]

There really isn't much of a story here, it's a lot of speculation and innuendo, but it's interesting nonetheless:

http://insideevs.com/case-of-the-550-odd-unsol-new-fisker-karmas/

 

[non sequitur]

There really isn't much of a story here, it's a lot of speculation and innuendo, but it's interesting nonetheless:

http://insideevs.com/case-of-the-550-odd-unsol-new-fisker-karmas/

That's interesting research. I don't put much stock in the box checked on the "assets" form that says $100M as indicative of an inventory of cars, but the rest of the story confirms what has been written in various posts on this board concerning the phantom ("Valhalla") inventory of cars (which has been described as 100 or 200 cars, depending on the source).

One person who would know the exact number (and location) is Richard Li, and perhaps this inventory is the real sole (or at least SOLID) "asset" of the company in a liquidation (and of course the parts).

There are hearings in Delaware today, the sale is about a month away, and answers always seem to be just around the corner...

 

[Sandy Eggo]

The article said "1,800 sold to individuals". So, it stands to reason that a bunch of the unaccounted for cars were probably just sitting in dealer inventory. My guess is that most of those are sold now. I can totally see there being 200 cars piled up in Europe somewhere (e.g., Finland or whatever port they used to ship cars worldwide from) though...wouldn't surprise me.

 

[Fabulist]

but the rest of the story confirms what has been written in various posts on this board concerning the phantom ("Valhalla") inventory of cars (which has been described as 100 or 200 cars, depending on the source).

There are a number versions of the Valhalla myth that I have heard about, some which are discussed in this thread. As I understand US BK law, creditors that have a lean on, or a legitimate security claim to, the goods securing their debt are not wiped out in bankruptcy as unsecured creditors are, and HT will have to come up with real money to pay them off and get access to their parts. Of course, just because Valmet has a bunch of parts stored on-site does not mean that they have a security claim on the parts. It all depends on the agreement between FA and Valmet.

We shall see ...