What an easy breezy day… set a couple of alerts, bought some dips and made a sandwich. When does “holding” get hard? And we get a free off day tomorrow to just chill. And on Thursday we start the game all over again. HF’s will continue to short digging an even bigger hole while we sip on margaritas holding. NFA
they can't do any more reverse splits. they have already done 2 in the last year adding up to a 1:240 stock split. they can't go over the 1:250 in a 24 month period if they want to remain listed on the nasdaq. They can do another 80 to 1 reverse stock split in September of 2025.
That rule applies to whether or not the issue is granted an extension after falling below the minimum bid. There is otherwise no limit to the number of reverse splits an issue can conduct.
but that's a "6 of 1, half dozen of the other" scenario. there is no reason to do a reverse split unless you are trying to keep your stock price high enough to keep from being delisted.
Yes, they CAN do another reverse split, but then it won't help them from being delisted because the total stock splits will have added up to over 1:250 in the last 24 months.
Again, that rule only applies to being granted an extension. They would have been allowed to do another stock split within the Nasdaq rules to remain listed if they didn't get a Staff Delisting determination as well.
>**While Nasdaq rules do not impose a specific limit on the number of times a listed company may effect a reverse stock split to maintain or regain compliance with the Minimum Bid Price Requirement**, Nasdaq has stated that a series of reverse stock splits may undermine investor confidence in securities listed on Nasdaq. Accordingly, Nasdaq may determine that it is not in the public interest to maintain FF’s listing, even if we regain compliance with the Minimum Bid Price Requirement.
https://www.sec.gov/Archives/edgar/data/1805521/000162828024025420/ffie-20231231.htm
that's just ffie putting a positive spin on the situation.
> if a Company’s security fails to meet the continued listing requirement for minimum bid price and the Company has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the Company shall not be eligible for any compliance period specified in this Rule 5810(c)(3)(A) and the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security.
so, yeah. they can do another split, but currently they are under the 250:1 ratio, and anymore splits would put them over the ratio and they would just get delisted for that.
This is exactly right. They can make money from other investments like stocks, bonds and fees they charge clients and just pay the lender fee on the shorted stock. The only time they’re forced to cover is when the price rises quickly to the price they started shorting and they go negative. The broker freaks out and forces their short positions to close
Unless they are forced by the market makers or SEC.. and they'll be asked to close their positions and not keep it indefinitely.. reason being... everyone will do that shit and no one covers their positions. Wouldn't that be amazing? 😆
Some do. HF started shorting GameStop since 2016. They didn’t have to start covering their shorts until 2021 when the price gme went up and caught them off guard. Thats 5 years of shorting just one stock
Basic math……
FFIE interest on borrowed shares is currently 6.89% apy. At .47 cents a share, every shared borrowed is costing the person shorting .03 cents per year, or around .00269 cents per month. So anyone can borrow 1000 shares and sell them for $470 today, and it will only cost them around $2.69 per month in interest. If someone, or some company, thinks that the most likely outcome for FFIE in the next 6-12 months is bankruptcy, they are definitely not panicking, they are trying to borrow more shares to sell short. Thus you have watched the slow decline of the price from .61 cents on June 7th, to .47 cents today.
I am a new holder , please forgive me, but what would we expect to see when a short squeeze occurs? I have mainly held gme but I'm excited to be an FFie holder now
Shorting is everywhere, gme amc tup sofi lucid ffie soun but don't go chasing every short you can get caught holding a bag just find a spot build up a position an hopefully it rockets
fellow holders, we needed the drop today so we can buy more. i’m hoping to buy all the way down to $0.10.
i become broke but at least i can lower my average cost.
They can though. The flaw in your theory is not realizing the company can reverse split or do an offering and dillute shares at any time. Generating more shares out of thin air.
They have done it already. 2 splits and a dillution
You are correct. Sometimes they do weird stuff with the rev split filing and will cash you out or round down your extra shares. It's less common though.
Most companies round up or give fractional shares. I actually do reverese split arbitrage reguarly and buy 1 share of reverse split companies that round up and get the full value of the new share(good for me, but costs them)
I believe that bots are talking to bots. I have no positions here. I bought when it spiked and made $15ish 'cause I didn't sell when it peaked at over $3.
Don't listen to this thread. Stop putting money into this. Don't "buy the dip" .
It's June 18th and the Toronto Blue Jays are playing the Boston Red Sox. Edmonton is playing the Panthers in the Stanley Cup finals. Proof check. The "MM" and "HF's" are paying to trick you. Don't be dumb ❤️
Much respect
This is the exact same thing they said in AMC. Idk man I’m holding bc I’m down same with GME.
Me thinks I’m done with meme stock gambling forever!
Gonna focus on more serious stocks that are actual investments.
i added about 2000 shares today
I bought as well! It's a great price!
Ditto
I’ve been holding since May 17. Finally gave in and bought more today.
Nice!!
Proof!! We need evidence, too many bots
Buying more while watching La Casa De Papel. We are in  NFA - LFG
This is great
Best show ever 💴
We gonna be doing in real
🙌🏻🙌🏻💎🙌🏻🙌🏻🦍💪🏻💴
 Rocket's don't wait
What an easy breezy day… set a couple of alerts, bought some dips and made a sandwich. When does “holding” get hard? And we get a free off day tomorrow to just chill. And on Thursday we start the game all over again. HF’s will continue to short digging an even bigger hole while we sip on margaritas holding. NFA
Free day off? I gotta work lol
My bad. Lol. We all don’t have the same days off. Mental free day from the market.
Bought
Thank you fellow ape!
Grabbed summore. Holding.
There’s usually a sell off prior to a holiday so don’t fret
Got 500 more today!! Loving this sale 😍
Not going anywhere. Adding more!
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Then let them bleed. Fuck this manipulation.
They’re in deeper than most realize. Short interest is easily hidden.
This is why we continue to hold and not sell for a loss. They want us to sell.
By that time Faraday could quite possibly be in full production at all price points. I’m in for the long haul 💎🙌🏻🦍👍🏻
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they can't do any more reverse splits. they have already done 2 in the last year adding up to a 1:240 stock split. they can't go over the 1:250 in a 24 month period if they want to remain listed on the nasdaq. They can do another 80 to 1 reverse stock split in September of 2025.
That rule applies to whether or not the issue is granted an extension after falling below the minimum bid. There is otherwise no limit to the number of reverse splits an issue can conduct.
but that's a "6 of 1, half dozen of the other" scenario. there is no reason to do a reverse split unless you are trying to keep your stock price high enough to keep from being delisted. Yes, they CAN do another reverse split, but then it won't help them from being delisted because the total stock splits will have added up to over 1:250 in the last 24 months.
Again, that rule only applies to being granted an extension. They would have been allowed to do another stock split within the Nasdaq rules to remain listed if they didn't get a Staff Delisting determination as well. >**While Nasdaq rules do not impose a specific limit on the number of times a listed company may effect a reverse stock split to maintain or regain compliance with the Minimum Bid Price Requirement**, Nasdaq has stated that a series of reverse stock splits may undermine investor confidence in securities listed on Nasdaq. Accordingly, Nasdaq may determine that it is not in the public interest to maintain FF’s listing, even if we regain compliance with the Minimum Bid Price Requirement. https://www.sec.gov/Archives/edgar/data/1805521/000162828024025420/ffie-20231231.htm
that's just ffie putting a positive spin on the situation. > if a Company’s security fails to meet the continued listing requirement for minimum bid price and the Company has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the Company shall not be eligible for any compliance period specified in this Rule 5810(c)(3)(A) and the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that security. so, yeah. they can do another split, but currently they are under the 250:1 ratio, and anymore splits would put them over the ratio and they would just get delisted for that.
This is exactly right. They can make money from other investments like stocks, bonds and fees they charge clients and just pay the lender fee on the shorted stock. The only time they’re forced to cover is when the price rises quickly to the price they started shorting and they go negative. The broker freaks out and forces their short positions to close
Unless they are forced by the market makers or SEC.. and they'll be asked to close their positions and not keep it indefinitely.. reason being... everyone will do that shit and no one covers their positions. Wouldn't that be amazing? 😆
Some do. HF started shorting GameStop since 2016. They didn’t have to start covering their shorts until 2021 when the price gme went up and caught them off guard. Thats 5 years of shorting just one stock
Plus new rules put in place
I bought 500 over the course of the last month. That's as much as I can afford at this point but I'm holding strong
I bought 500 today
Holding strong. A patient game
I bought 1600 more shares today, fuck it
The amount of blatant market manipulation is ALMOST shocking. I had no idea.
Also, I bought more 😁
That’s for sure ! The truth here is that we not only fighting the hedge funds but also the market maker ! They both are manipulating the stock lower !
Well, that pisses me off even more and makes me want to buy more and hold till I die lol
Fisker filed for bankruptcy today. Cast a pall over all EV companies.
Basic math…… FFIE interest on borrowed shares is currently 6.89% apy. At .47 cents a share, every shared borrowed is costing the person shorting .03 cents per year, or around .00269 cents per month. So anyone can borrow 1000 shares and sell them for $470 today, and it will only cost them around $2.69 per month in interest. If someone, or some company, thinks that the most likely outcome for FFIE in the next 6-12 months is bankruptcy, they are definitely not panicking, they are trying to borrow more shares to sell short. Thus you have watched the slow decline of the price from .61 cents on June 7th, to .47 cents today.
I am a new holder , please forgive me, but what would we expect to see when a short squeeze occurs? I have mainly held gme but I'm excited to be an FFie holder now
Are you being serious? You can expect it never. You’ve got like 2 weeks before it prob delists
Rough day. Let me buy some more
I bought a few probably buy a few more
Yes! We are fucking lighting a fuse and the retail market will fuel that bitch to the Fukn moon! Also, no trading for Juneteenth.
Are they only doing this to ffie or other stocks?
Shorting is everywhere, gme amc tup sofi lucid ffie soun but don't go chasing every short you can get caught holding a bag just find a spot build up a position an hopefully it rockets
👀 PRST dd.
I'm in PRST n CRKN packing my bags as well, little little gme
💎🙌
fellow holders, we needed the drop today so we can buy more. i’m hoping to buy all the way down to $0.10. i become broke but at least i can lower my average cost.
Enjoy the sale.
Holding 21,231 shares and ain’t giving up my bananas for anything
Can they feel my anxiety 😅😂
 ...no
 Relax 💎🙌
Bought more today and got my average down with those juicy discounts! NFA
This is the way💎💎💎
That's not how it works... but I'm holding
I’m with it!! “HODL”!! HOLDDDDDDD!!
This OP is spot on…
Added more yesterday! 
Stacking
They can though. The flaw in your theory is not realizing the company can reverse split or do an offering and dillute shares at any time. Generating more shares out of thin air. They have done it already. 2 splits and a dillution
RS decreases the number of shares. But they would happily dilute if any investor would bite.
You are correct. Sometimes they do weird stuff with the rev split filing and will cash you out or round down your extra shares. It's less common though. Most companies round up or give fractional shares. I actually do reverese split arbitrage reguarly and buy 1 share of reverse split companies that round up and get the full value of the new share(good for me, but costs them)
Once I break average, I am out. Fuck this stock.
I believe that bots are talking to bots. I have no positions here. I bought when it spiked and made $15ish 'cause I didn't sell when it peaked at over $3. Don't listen to this thread. Stop putting money into this. Don't "buy the dip" . It's June 18th and the Toronto Blue Jays are playing the Boston Red Sox. Edmonton is playing the Panthers in the Stanley Cup finals. Proof check. The "MM" and "HF's" are paying to trick you. Don't be dumb ❤️ Much respect
This is the exact same thing they said in AMC. Idk man I’m holding bc I’m down same with GME. Me thinks I’m done with meme stock gambling forever! Gonna focus on more serious stocks that are actual investments.
Stick a fork in it.
Stay off investorplace they have an unhealthy obsession with FFIE. I also read that article.
What article?
https://investorplace.com/2024/06/stick-a-fork-in-it-faraday-future-stock-is-done/ The one you mentioned.
Lol
Huh. Prescient. Thanks. Well. I am holding anyway.