Jan. 6 at 12:56 AM
$FSRNQ Do you ever wonder why CVI rushed to delist fsr shares from NYSE - March 25, 2024. Fisker put out a PR announcing ending negotiations with secret investor and algos were set to drop the stock price to below .10 cents, triggering delisting from NYSE. CVI needed to delist the shares before March 31, why? because if a stock get delisted and sent to otc, hedgefunds are not required to show their holdings on that stock. This is why it appeared that Blackrock & Vanguard dumped their FSR holdings on Q1, but that was bs. It's just that hedgefunds don't report otc stock holdings on 13f, yet if you google it, all media outlets say that vanguard and blackrock dumped their entire stake. And that's exactly what CVI wanted retail to think, that hedgefunds jumped ship, so that they could do the same also. CVI had the script ready way before investing in Fisker.