Fisker (NYSE:FSR) I made a big announcement on December 20th. This news probably won’t do anything to FSR stocks, but I think it’s cool.
Source: Eric Broder Van Dyke / Shutterstock.com
According to that Press release:
“Fisker presents an exclusive digital art NFT of pen-drawn sketches on original paper by founder and chief designer Henrik Fisker,” said the December 20th press release.
“As part of our first Fisker by Hand: OCEAN Concept Collection NFT sale, Fisker donates 50% of its primary sales to a nonprofit organization that supports corporate ESG principles. In the first release, a total of 100 Fiskers by Hand: You can purchase OCEAN Concept Collection NFT. “
Some of Fisker’s NFTs (Non-Fungible Tokens) more If the company’s next EV, the Fisker Ocean, breaks down, it’s more valuable than the FSR stock. This means that NFTs can make more money for investors in the long run than buying stocks in startups.
Henrik Fisker’s Second crack Setting up a car company will be more successful than his first, I think the question I raised in the headline is fair.
Want to buy FSR stocks and Fisker NFTs?
You’re like me, the fisker stock Long-term speculative purchaseI don’t know why I didn’t bid on one of the sketches of Henrik Fisker that was auctioned on December 22nd.
However, NFTs didn’t seem to be as big a hit as I thought they would apply to fiscar enthusiasts. According to the FTX website, the highest bid was 8.00 Solana (CCC:SOL-USD), Equivalent to $ 1,400. That was the case for OceanOne, and only one copy of it was made.In total, $ 6,877 seems to have been generated from 100 NFT auctions.
Given the popularity of NFT auctions and the fact that 50% of the money is donated to charity, I’m convinced that I’m more interested in Henrik Fisker’s hand-drawn sketches.
My guess is that the current owner of the FSR stock that ordered the Ocean would not object to bidding on one of Henrik’s NFTs. However, only those who have bottomless cash will bid on a single copy.
I found myself very optimistic about the success of the auction.
Best case and worst case scenarios
In my opinion, it makes sense to hedge a bet on FSR stocks with one of the NFTs.
For example, suppose you own 600 shares of Fisker. If purchased recently, it’s an investment of around $ 10,000. However, if you purchase 600 shares through the SPAC merged with Fisker— Spartan Energy — This was a $ 6,000 or $ 8,300 investment, depending on whether you exercised it. Whole 200 warrants It was attached to a stock of SPAC.
You also purchase an Ocean One that has won a bid of 8 Solana or $ 1,400.
In the best scenario, Fisker succeeds in a home run and the FSR soars to $ 100 by 2023. Solid production.. At the same time, due to the success of the automaker, the $ 1,400 print purchased will be worth $ 10,000 in 2023.
It is mutually beneficial.
The worst-case scenario is that Fisker will burn by 2023, enter the trash can of car history, and Fisker’s stock will drop to $ 0. At the same time, collectors decide that Henrik Fisker’s paintings are worthless. Their value drops to $ 140 or 10% of what you paid.
What is the additional $ 1,260 loss if I invest $ 6,000 to $ 9,786 in Fisker stock?
Conclusion
If you believe in Henrik Fisker’s vision, I don’t think it’s a matter of either. Instead, I think the smart play was to buy Fisker sketches at auction and buy them with FSR stock.
Speculative, but in the end I think the bet on Henrik Fisker is the winner.
Will Ashworth on publication date The securities listed in this article did not have a position (directly or indirectly). The opinions expressed in this article are those of the author and InvestorPlace.com Public guidelines..
Will Ashworth has been writing about investing full-time since 2008. Publications in which he has appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the United States and Canada. He especially enjoys creating a model portfolio that can withstand the challenges of time. He lives in Halifax, Nova Scotia.
