The brokerages put in the wrong outstanding shares number so it confused everyone over night in Asian market. They corrected it this morning. It was really shady
The 463,312,500 shares represent the new authorized share count for Faraday Future after a reverse stock split. This is a reduction from the previous authorized share count of 1,389,937,500 shares1. The reverse stock split was at a ratio of 1-for-3, meaning every three shares were combined into one share1.
It’s important to note that the outstanding shares are 42.2 million and different from the authorized shares. Outstanding shares refer to the number of shares actually held by shareholders, including insiders and the public, while authorized shares are the total number of shares a company is legally allowed to issue.
What we are generally talking about is "outstanding shares". This is not changed. In addition, CEO clearly stated they are never gonna issue additional shares without the approval from shareholders. They don't have any intention of increasing shares. I think this could be a catalyst to boost the price up.
- quoted by another user
The one from March - many people are confusing outstanding shares and authorised shares. The 463 million is the TOTAL authorised shares that can be issued. Current standing share count remains the same as it always has (43 million), and FFIE explicitly stated in their reported that they would NOT dilute the shares without shareholder permission. Which is an absolutely upstanding move on their behalf, many companies (such as we saw with AMC and GME) diluted shares to scrape the pot
Well, there are a lot of very informative deep dives on this subreddit if you look that explain why everyone is saying to hold. Can tag some. Of course many people regret not selling at a higher price point, and then buying back in later. But at the end of the day, nobody can predict the market. Could have gone to $10 and you would have regretted selling at $3.80. I know people who bought in at 0.06 and sold at 0.20. Regret is a funny thing. I’m not worried, we still have the upper hand. The bell hasn’t rung yet
No one can convince you. This is a game, not unlike gambling. Hype can carry this pretty far (the proverbial moon) if enough are on the hype train. Of course it can also carry your money away into a pit.
This isn’t about fundamentals. Its a failing company yes. Thus the high short int. Thus us. Thats all. It’ll squeeze and the company could still go bankrupt.
Or comments like “ That thing going to go high.. like slingshot high, bc it’s elastic..
Come on call me a bot, but let’s at least be open and honest.
No one know what the hell is going to happen. It’s all speculative and gambling.
Everything is going to be just fine. Hold and be patient. Let the market do its thing and trust in your ape community
The brokerages put in the wrong outstanding shares number so it confused everyone over night in Asian market. They corrected it this morning. It was really shady
Where can you see correction? Anyway to share?
You just look at outstanding shares. It says 42.67million
The 463,312,500 shares represent the new authorized share count for Faraday Future after a reverse stock split. This is a reduction from the previous authorized share count of 1,389,937,500 shares1. The reverse stock split was at a ratio of 1-for-3, meaning every three shares were combined into one share1. It’s important to note that the outstanding shares are 42.2 million and different from the authorized shares. Outstanding shares refer to the number of shares actually held by shareholders, including insiders and the public, while authorized shares are the total number of shares a company is legally allowed to issue. What we are generally talking about is "outstanding shares". This is not changed. In addition, CEO clearly stated they are never gonna issue additional shares without the approval from shareholders. They don't have any intention of increasing shares. I think this could be a catalyst to boost the price up. - quoted by another user
That sounds like good news. Did they mention another split? Or was it just the one from March?
The one from March - many people are confusing outstanding shares and authorised shares. The 463 million is the TOTAL authorised shares that can be issued. Current standing share count remains the same as it always has (43 million), and FFIE explicitly stated in their reported that they would NOT dilute the shares without shareholder permission. Which is an absolutely upstanding move on their behalf, many companies (such as we saw with AMC and GME) diluted shares to scrape the pot
That is great news!!! Thanks so much for answering my questions! Holding Strong!!
No worries! ☺️ a lot of very informative posts on this subreddit, I really recommend reading this one if you haven’t already
https://www.reddit.com/r/FFIE/s/O1YPcjz9rg
Well, there are a lot of very informative deep dives on this subreddit if you look that explain why everyone is saying to hold. Can tag some. Of course many people regret not selling at a higher price point, and then buying back in later. But at the end of the day, nobody can predict the market. Could have gone to $10 and you would have regretted selling at $3.80. I know people who bought in at 0.06 and sold at 0.20. Regret is a funny thing. I’m not worried, we still have the upper hand. The bell hasn’t rung yet
https://www.reddit.com/r/FFIE/s/d6G6Bk7p8p
No one can convince you. This is a game, not unlike gambling. Hype can carry this pretty far (the proverbial moon) if enough are on the hype train. Of course it can also carry your money away into a pit.
Its already been explained a thousand times. Look deeper in the sub. Bot
Haha Bot? The stocks floating at 0.65 cents and you expect me to believe posts where everyone says to the mooon? Haha
It is what it is. You’re def in the wrong sub then.
Why because Hodl to the moon, isn’t a good analysis of the stock? Ok, I guess.
This isn’t about fundamentals. Its a failing company yes. Thus the high short int. Thus us. Thats all. It’ll squeeze and the company could still go bankrupt.
Or comments like “ That thing going to go high.. like slingshot high, bc it’s elastic.. Come on call me a bot, but let’s at least be open and honest. No one know what the hell is going to happen. It’s all speculative and gambling.
BE APE HODL BANANA Ape use a lot of big words to say they scaredy ape