Nov. 19 at 5:41 PM
$FSRNQ This Fisker bankruptcy has undoubtly thrown all of us on a wild goose chase. But if we take all the facts and analyze it carefully, without all the noise, we would see that Fisker US bk is straight out liquidation, while Fisker Austria bk was filed as a restructuring. What's another important piece of evidence we have? Well, John Didonato & his Huron Team spent most of the time at Fisker 1. preparing for bk hearings 2. facilitating the liquidation of assets, including the sale of remaining Ocean fleet to American Leasing, and 3. working on a reorganization plan for Fisker, which included discussions with banks for dip financing/exit bk financing. To that end, I anticipate a restart of production of the Ocean in Austria, partnerships with major OEMs, Foxconn, Tata Motors, etc. and light asset business model based on Fisker's ff-pad.
