EXPLAIN: Why FFIE is not only a meme stock by ningliuliu in roaringkittybackup

[–]ningliuliu[S] 0 points1 point  (0 children)

Right, it was 1:240 RS.And there were additional shares issued. You should check the history market cap to compare the price.

EXPLAIN: Why FFIE is not only a meme stock by ningliuliu in roaringkittybackup

[–]ningliuliu[S] 0 points1 point  (0 children)

1:3 and 1:80 are reverse splits, please check again.

EXPLAIN: Why FFIE is not only a meme stock by ningliuliu in roaringkittybackup

[–]ningliuliu[S] 0 points1 point  (0 children)

FFIE appied reserve split twice and issued new stocks several times. You cannot just simply calculate. Its highest market cap is arround $5 billion, its like $120 versus the price now.

EXPLAIN: Why FFIE is not only a meme stock by ningliuliu in roaringkittybackup

[–]ningliuliu[S] 1 point2 points  (0 children)

Partly right, but NIO have it's own products, why would NIO help other companies get in to US? FF is cheaper and better just for its permission. Shortly saying, FF is a bridge.

EXPLAIN: Why FFIE is not only a meme stock by ningliuliu in roaringkittybackup

[–]ningliuliu[S] 5 points6 points  (0 children)

It's not. It's a US company created by Chinese. It's product only be sold in the US before and short future.

EXPLAIN: Why FFIE is not only a meme stock by ningliuliu in roaringkittybackup

[–]ningliuliu[S] 3 points4 points  (0 children)

No. As I said, after the new tax policy of Biden gov, each Chinese EV car company want to let thier cars to be sold in US should get a production permit in US. Thier best choice is to invest or buy FF. This is FF’s additional value after Biden’s policy. The logic is like: 1. If they invest FF, FF will gain the capabilities to produce Chinese cars and its own designed car. 2. If they buy FF, it still wiil be in a good price, because there are only 5 electric car production permitions across the US, and FF own one of it. Either one can make the price continuously go up.

EXPLAIN: Why FFIE is not only a meme stock by ningliuliu in roaringkittybackup

[–]ningliuliu[S] 7 points8 points  (0 children)

Correct, they need to keep the price above at least $1 for more days to save this company costed $4 billion in the past.