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Likes Received$Faraday Future Intelligent Electric(FFAI.US) previously had only 20 million shares, and now it has increased to 250 million shares, diluting by 12.5 times. The execution capability data of Jia Yueting's team is not very impressive. Last July, they said they would achieve mass production and delivery early this year, but now they haven't even produced a fraction. If luck is worse and the stock price doesn't meet the target by mid-September, there will be another reverse split (e.g., 10-for-1). If investors don't invest further (in mass production), the funds will almost be wiped out. Investing still offers a chance to gamble. Gambling is human nature (to prove one is smart), continuing to average down (to prove one is right). However, Jia Yueting's team's salaries, equity kickbacks, etc., are guaranteed regardless. If they win the gamble, they might really return to China. If the timing is not in my favor, I'll just stay put within the city walls, with a floor below and no ceiling above! Utilizing Nasdaq's listing system and the U.S. bankruptcy reorganization protection (Trump's trick to bounce back after several bankruptcies), Jia Yueting is really shrewd!
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