$Faraday Future Intelligent Electric Inc.(FFIE)$ Attention everyone! FFIE's price has plummeted recently and many people have been misled. I would like to clarify the 400 million shares mentioned in the earnings report. These shares are authorized share capital approved by the AGM, not issued shares. This authorized share capital is reserved for future strategic financing and has not been issued yet. In the recent conference call, they made it clear that there are no plans to issue new shares in the near future. The total number of shares issued now remains at 42.67 million and the number of shares outstanding is 38.11 million. This is an important reassurance for us shareholders not to be misled by the short-sellers or the uninformed.
Mr. Jia also responded positively to this issue and made a promise in his latest video. So, don't panic and keep following the company's development. spread the word and tell more shareholders about this important information!
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