Enduring value guardian
Total Assets$Faraday Future Intelligent Electric(FFAI.US)
Don't get your hopes up too much about the current promise not to reverse split. Note there's also a "unless" clause. Under the pressure of short selling aimed at maximizing creditor interests and the company's low-priced share conversion and issuance, a reverse split is almost inevitable.
The current promise not to reverse split is more about showing the company's stance and also laying the groundwork for successfully shifting blame when the reverse split eventually happens.
The company has already successfully shifted blame to the bankruptcy gang and the short-selling gang.
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