u/redsts2

Not gonna lie. Closed my short and took a bit of a loss on FFR. It's got momentum and I'm not sure why. I'll wait for the next 10Q or major filing before I plan another move.

Meanwhile, FFAI is dropping and currently at $1.11 and dangerously close to moving under $1

Is this result of restructuring where FFR has a "clean slate" and FFAI gets left for dead? We don't exactly know what that slate looks like yet so I remain skeptical.

Thoughts?

Well there it is. I haven't had time to soak it in but here's the 8K and exhibits

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001805521/000121390026104130/ea0306819-8k_faraday.htm

https://www.sec.gov/Archives/edgar/data/0001805521/000121390026104130/ea030681901ex99-1.htm

https://www.sec.gov/Archives/edgar/data/0001805521/000121390026104130/ea030681901ex99-2.htm

https://www.sec.gov/Archives/edgar/data/0001805521/000121390026104130/ea030681901ex99-3.htm

Not long ago FF had buried in some PR's about possible IPO opportunities to separate the burden of the automotive side from the robotics side.

Then they issued a PR titled Faraday Future Announces FF EAI Robotics’ Employee Incentive Plan to Allocate Approximately 25% of Its Outstanding Shares for Stock Options for Its Core Team, Aiming to Establish an Industry-First Partnership Model. At first glance I assumed they were putting a good spin on paying employees with stock instead of salary again.

Then the 8K dropped and I realized the stock options were coming from the FF robotics subsidiary and not FFAI. YT jia, of course gives himself the most

https://preview.redd.it/6os4eoja2hrh1.png?width=877&format=png&auto=webp&s=df5519aaf19ca26ea3270243e187830c2c234cc2

So tying this together, what's a share of FF Robotics worth? Nothing, so what's the incentive? Well if you IPO a robotics spinoff and go public then they're worth something.

If it happens, will FFAI be left for dead with no robotics, no car biz? Another money grab by YT?

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001805521/000121390026102861/ea0306503-8k_faraday.htm

https://www.sec.gov/Archives/edgar/data/0001805521/000121390026102861/ea030650301ex10-1.htm

I didn't think much of this filing when it hit since it's just an amendment to the S-1. I ran it through Claude without any instructions and it caught the amendment right away. The amendment was the pivot from Crypto to Roboshare. I started reading and realized there was some new and current information in there. A few things that jumped out:

https://preview.redd.it/n2t8epxhgkoh1.png?width=1857&format=png&auto=webp&s=5e87b9833bba02ff00d0a62a73daac6c9a6164b4

They have 82 robots on the platform and they don't own any of them. Nothing new or surprising here since they describe the platform as "Uber + Turo". Just adding it here for context.

https://preview.redd.it/2h927xrdlkoh1.png?width=1858&format=png&auto=webp&s=d8eb369118d0498430fa87951c8cd67fd962da52

Here they're talking about their "first paid commercial order"

https://preview.redd.it/41d7zpl6ikoh1.png?width=1878&format=png&auto=webp&s=7da2555cb278bd78f535ce1d9edaa1ebd238cb65

Three paragraphs later is this paragraph. The "Malibu" engagement was the Dusty The Rapper event and the Mirapath event appears to be a private customer appreciation event. But hang on, no revenue? why? "depend on applicable contractual terms, performance obligations and other relevant facts" what?

https://preview.redd.it/2gdei4qjnkoh1.png?width=1869&format=png&auto=webp&s=4c8d5a71531ba735c298a59c9fc59b96226eca37

Then we have this $33,000 mystery order. It's such a mystery that AIXC is only "aware" of it and they don't know anything else about it. They were pretty sure about it when they put this PR titled AIxC Launches RoboShare & Co. North American Dealer Program as First Flywheel Case, Secures One-year $33,000 Robot Rental Order and Expands A Signed FFAI Robot Order to 23 Units. To me this reads like legal code for "This order is completely fake and made up but here's the legal verbiage to cover our butts when it never happens".

Then the 23 robots. No revenue here as they're FFAI sales. Just some robot sales double talk to confuse you into thinking both companies are generating revenue.

https://www.sec.gov/Archives/edgar/data/1460702/000149315226041886/forms-1a.htm

It might be a bit early to make some of these predictions but I'll throw these out anyway.

1. AIXC: Notice of Delisting or Failure to Satisfy a Continued Listing Rule for being under $1 for 30 trading days. That huge run a week and a half ago occurred on the 27th day. That wasn't orchestrated and was totally random right?, right? Short of that happening again the 30th trading under $1 will be October 6.
2. FFAI Notice of Delisting or Failure to Satisfy a Continued Listing Rule for not meeting the minimum shareholder equity of $2.5m. I made a post about the equity rule here. The 10-Q released on Aug, 13 shows the equity at $1.4m. The timing on this one is bit ambiguous based on what I'm finding. The rules say Nasdaq determines the deficiency, sends it to the company, and the company must disclose it within 4 days. There doesn't seem to be a set time frame that Nasdaq uses to determine the deficiency other than "when they get to it" it seems. They also might be using information other than the 10-Q that isn't know about, not real sure. Perhaps this is real reason we're seeing weekly note conversion updates? This notice could come first thing Monday or not at all. One thing is for certain, they are deficient on the stockholders equity as of the 10-Q. Recent example would be ADTX. They released their 10-Q and one week later they received a notice.
3. PRE/DEF14A for another shareholder meeting to approve a RS. It's coming. Some may disagree that they can do it but they can and will. Now that they did a RS they longer get a compliance period and get delisted if they become deficient on the $1 bid rule. The trick? don't become deficient and do a RS before the 30th day under $1. I'll take a SWAG and say between $1.5-$2.0 they put out this meeting notice. So within a couple weeks I'll guess.

These 10-Q nuggets just keep on coming. I guess it isn't much of a surprise that this has happened, but rather that it is still happening

>Subsequent to June 30, 2026, the Company implemented staff reductions and temporary salary reductions as additional cash-conservation measures. The Company announced and explained these measures to affected employees and offered employees subject to the temporary salary reductions an opportunity to receive equity-based compensation intended to offset a portion of the reduction in cash compensation. The amount, timing and issuance of any such equity awards are subject to the applicable terms of the program, required approvals, applicable securities laws and the Company’s trading policies. These measures are intended to reduce near-term operating cash requirements but may not generate sufficient savings to alleviate the substantial doubt regarding the Company’s ability to continue as a going concern.

After all YT claimed 3 weeks ago that the company fundamentals have never been better "since sharpening our focus on the EAI robotics strategy"

https://reddit.com/link/1vposhr/video/h0la66eccojh1/player

Of course the stock offering is just another mechanism for dilution, albeit a small one, and a burden place directly on the backs of shareholders. I wouldn't surprised if they issued shares to employees and dragged their feet registering the shares for sale in the open market. Not much different than the share settlement agreements for suppliers.

Uploaded the wrong one the first time. My bad

Most have probably seen the PR by now. Lots of outlandish things said like taking the market cap from the current ~$13 million to 2021 IPO levels of $3.4 billion in two years. Establishing a $5 floor price on existing convertible notes as if they have any authority to change contracts with lenders whenever they need to. Or the weekly dilution updates. I'm actually looking forward to that one.

What jumped out the most to me was the third "sub-campaign" and the "independent public listing opportunities"

https://preview.redd.it/5io7g0ufpohh1.png?width=1318&format=png&auto=webp&s=9f12e98b0a051c3623fe2bf038a703eea92ceba8

This is some pretty specific wording they slid in there. Not the usual word salad but directly saying they might IPO/Reverse merge/SPAC/whatever the robot business so they can continue 𝗍̶𝗁̶𝖾̶ 𝗌̶𝖼̶𝖺̶𝗆̶ raising capitol. Is YT realizing the robot ban might be the straw that broke the camel's back? The only way out is to spinoff into a new ticker with a clean slate and dump the FFAI baggage? Is my tinfoil hat too tight?

Corporate press releases are considered spam and will be removed. Repeat violators will be banned.

Promotion, including promoting services, products, or other subreddits, is not allowed.

Any form of advertising or solicitation will be removed.

Filed: 7/31/2026

Much like the Costamp lawsuit here, FF lost a judgment in the amount of $223,000 and wanted to pay with shares. They entered into a Settlement and Release Agreement on Aug 15, 2025. FF did not deliver the shares in time and when they did 4 months later they were not freely tradeable. Bitron feels like they were scammed and want their money.

>The stock that was transferred on Feb 13th, 2026 was not freely tradeable, was not transferred to Bitron and did not have the value of $223,408.83

Just like the Costamp lawsuit, these shares are included in the S-3 registration statement that was filed on 7/10/2026.

https://preview.redd.it/ux361jlbr8hh1.png?width=1899&format=png&auto=webp&s=d9696b678bde0ea3c95de23b04f99d14e7887615

Neither the lawsuit nor the S-3 state how many shares were issued but there's enough information here to figure it out.

The S-3 says this...
"number of shares based on the closing price of the Class A Common Stock on the trading day immediately preceding the day on which such Bitron Shares are issued"

As mentioned above, the lawsuit says this...
"The stock that was transferred on Feb 13th, 2026"

So that gives us $223,000 worth of stock at a closing price on Feb 12th, 2026. $223,000/$0.624 = 357,371 shares. What's that worth today? Adjust for the RS = 2382 shares * ($4.93 today) = $11,745

In short, it's been nearly a YEAR since the original Settlement and Release agreement of $223,000 that is now worth only a fraction of that at $11,745. It took FF 10 months to file the S-3 and these shares still cannot be sold unless they have an Effect notice given.

https://preview.redd.it/o1rbvx4ku8hh1.png?width=795&format=png&auto=webp&s=9e933b1ca11f20a51d11ee0e12ec2e3209782608

https://preview.redd.it/sqbd8gflu8hh1.png?width=781&format=png&auto=webp&s=c87426f701c54bf660b35f8dc2d182f373bc5fcb

https://preview.redd.it/h0esejjmu8hh1.png?width=755&format=png&auto=webp&s=1d2fa18977fc7adadec7b345b033f4ac812d9e3e

Filed on 7/21/2026

If the name Costamp sounds familiar, you would be right. The quick background is that Costamp sued for breach of contract, won, and FF didn't pay. Shocker right? Costamp filed this suit alleging they are still owed ~$1.4 million. Costamp was the supplier for major structural components for the FF 91, and it's my theory, that this is one of the factors why they aren't delivering anymore FF 91's. In fact, only two FF 91's have been delivered since the original lawsuit was filed. Here is the post I made about the original suit along with a description of the parts.

Now for this new lawsuit, which is a breach of contract for a breach of contract. LOL.

The summary goes as follows:

• "December 15, 2025, Costamp entered into a Settlement and Release Agreement with Defendants to resolve a contract dispute over Defendants’ failure to pay Costamp invoices"
• "Defendants agreed to pay Costamp $550,000 in cash, consisting of an initial payment of $75,000 by January 15, 2026, and subsequent monthly payments of $20,652.17 due by the 15th day of each month from February 15, 2026 through December 15, 2027
• The remaining ~$1 million was to be paid with common stock but FF never filed a registration statement in the agreed upon time so they could be sold
• In April of 2026 Costamp notified FF they were in default and now had to make monthly cash payments.
• In July of 2026 FF finally registered the shares. S-3 here
• Costamp said no we want our money and filed this suit

https://preview.redd.it/wwbi93oop9gh1.png?width=802&format=png&auto=webp&s=e2b94f3df938ee39f538da997c56474a4f056618

https://preview.redd.it/pm518sspp9gh1.png?width=777&format=png&auto=webp&s=a7ce324928a883cc0cfbdc185e37a694eecddd93

https://preview.redd.it/n82qnksqp9gh1.png?width=788&format=png&auto=webp&s=1d0d191c9a1a9cd04e3c9bdef752efcd9c2a5709

https://preview.redd.it/0305os0sp9gh1.png?width=783&format=png&auto=webp&s=1edf0c6b2a400d5b63e0eabc3588c20545c2f8c6

https://preview.redd.it/d13v01xtp9gh1.png?width=782&format=png&auto=webp&s=4db6d6e038ef7b4511ef4db2cc67d55095c63fb5

https://preview.redd.it/0u815ahvp9gh1.png?width=800&format=png&auto=webp&s=d1e9c430eead41052331ddf30a49f61de161b16b

https://preview.redd.it/sykmiv5xp9gh1.png?width=787&format=png&auto=webp&s=7d5d197dca255db2c5965024ef594364c88ec789

https://preview.redd.it/yomd0fxyp9gh1.png?width=794&format=png&auto=webp&s=b30b9dcfdad582db4cf2e4d52b1c703e3d9c4096

https://www.reuters.com/world/trump-administration-ban-new-chinese-robots-inverters-protecting-us-ai-buildout-2026-07-28/

I'm shamelessly stealing this from another sub. Read it all but one paragraph that stands out is this one:

>The measures, which went into ​effect upon publication, apply only to robot and inverter models that have not yet been released. However, the FCC has the authority to revoke authorizations for sales of models that have already been authorized for ​purchase in the United States.

YT was very proud of the increase in institutional holdings by Blackrock, dare I even say he lied to you when he said the following:

>BlackRock's significant increase in holdings shows the top institutional investors increased institutional interest in Faraday Future and belief in FF and FX's business future

https://www.youtube.com/watch?v=P2yFL2doqE8

Smart people know why they were buying and it wasn't because they believed in the company. They buy because of their passive index tracking funds, ETF's, etc. that follow the Russell indexes. They were automatic buy ins There's zero chance Blackrock ever thought Faraday is/was a good investment.

Blackrock has now filed a SCHEDULE 13G/A disclosing ownership of 1.4% or 4.1m shares. Down from around 9.5m

https://www.sec.gov/Archives/edgar/data/1805521/000201238326002561/xslSCHEDULE_13G_X02/primary_doc.xml

https://preview.redd.it/feu4wcb1l2gh1.png?width=993&format=png&auto=webp&s=754576e0c4dfab536add730744010ea70e2dbf98

I would expect more of these filings to come.