Mar. 30 at 4:27 AM
$FSRNQ
The best way to Revive Fisker with Old share holders.
NOLs is at 2.5 billion, at 21% it’s
$525 million tax benefit.
New owner inject
$1.3 billion . All creditors convert their debt to shares, old share holders get 5% in new company.
New valuation will be
$2.6 billion
New owner -
$1.3 billion
Creditors -
$1.17 billion
Old share holders-
$130 million.
Now assume 100 million shares.
old shareholders represent 5 million shares, that is
$26 per share.
If old outstanding shares were 1.5 billion, that becomes 5 million new shares, that is 1 share for every 300 old shares.
Your 1 million shares becomes 3333 shares, which is 86000 dollars. Not bad in this situation.
New owner gets 50% tax benefits of
$262 million so effective investment is
$1 billion or so.
In exchange of this, they get IP, Assets, Engineering and all.
Will we see this scenario????
Remember NOLs can only be fully utilized when 50% ownership stays with creditors and shareholders
