It's not surprising the TSX listing fell last session when they brought in the name behind this:
'“Fisker Automotive may well go down as the most tragic venture capital-backed debacle in recent history,” Hamadeh said in a statement. “The sheer scale of investment capital and government loan money — over $1.3 billion in all — was squandered so rapidly and with so little to show for it that the wreckage is breathtaking. Bankruptcy will be the end of Fisker, but for the taxpayers, venture capital firms, individual investors, and Fisker’s suppliers, it will all be too little too late.”
This is a mining company not a car design studio and his resume is a degree in automotive design and drawing a few stunning cars, terrible attempt at a publicity stunt imo.
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