OTCPK:FSRN - Post by User
Comment by
stockwatcher7on Mar 14, 2024 7:11pm
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Post# 35933865
RE:2004 AC example of restructure one new share for 11,894 old
RE:2004 AC example of restructure one new share for 11,894 old There is an enormous short position on FSR they have been busy driving it down and likely sitting on nearly a 1 billion us and will use that cash to restructure or refinance FSR provided they can flush out the majority of shareholders and use the new consolidated shares to clear their short JUST like the AC restructuring back in 2004
Teh only salvation will be a white Knight or a Gov bailout. With all the other EV's feeling the pinch the whole EV industry is suffering from a lack of buyers because the infrastructure is not ready to support them, it requires a lot of infrasrtucture to charge and requires users to find something to occupy the 2 to 4 hours to charge.
The total EV is a step too far and will kill the industry. The first step push should be for Hybrids, to allow the infrastruture build out and users to adapt. Clearly the Gov and environmentalists are way out over their skis.... Too funny Maybe the oil companies should buy everyone an electric car.