Recently, Zhou Hongyi and Jia Yueting, who understand traffic, got up, the reason is that Zhou Hongyuan complained that Jia Yueting went to the United States to build a car, and it took 10 years to create a loneliness, but Gaohe built the car, and Xiaomi also built it in 3 years.
Of course, Jia Yueting was not intimidating, saying that Lao Zhou's values were problematic and he couldn't shout for the plagiarists. Lao Zhou said that he wanted Jia Yueting not to make a PPT and send a car downstairs for testing, and asked Lao Jia when he would return to China, and Jia Yueting said that FF was preparing to return to China......
Anyway, the two sides have come and gone, after all, both sides are men who have mastered the traffic password, so they happily swiped each other's traffic.
Many people said that Jia Yueting would really be able to return to China? What should he do with his debts? In fact, Jia Yueting recently had a complete showdown with everyone on this issue, saying that according to US law, he no longer owes debts.
So is this true? If it is true, it is true, if according to American law, he really does not owe debts.
We know that in 2020, that is, before FF Faraday went public, Jia Yueting declared bankruptcy in the United States, and then carried out debt restructuring.
At that time, many domestic creditors went to the United States to participate in Jia Yueting's debt restructuring, and finally Jia Yueting made a trick to get out of the shell, he used his own equity and related income of FF company as trust property, and then repaid all the debts he owed 2.96 billion US dollars with FF's equity, turning the creditor into a shareholder of FF.
What does that mean? That is, Jia Yueting used his own stocks to pay off his debts, but he had no stocks and no debts.
How do you explain that? For example, I owe 20 billion yuan, and then I own shares in a company. Then I said that I don't have money, I want stocks, or I should use the stocks to pay off my debts.
Of course, Jia Yueting will draw cakes, and tell everyone that my stock is amazing, and it will be listed next, and the car will be successful, maybe it will be worth 30 billion, 50 billion, and you will make a lot of money......
In the end, the creditors had no choice, they didn't want stocks, they might not get a penny, and they might have a little hope after taking the stocks, so they took the stocks, and the $2.96 billion debt became 17.2% equity.
Later, FF Faraday was indeed listed by Jia Yueting, and in terms of value, if the market value exceeds $17.5 billion, the 17.2% of the shares are worth more than $3 billion, and the creditors will make money.
In fact, if Jia Yueting succeeds in building a car, there is still hope, after all, the market value of a car company is more than 17.5 billion US dollars, isn't it very simple? Tesla is so popular.
I never thought that Jia Yueting dug a big hole for everyone, and in the end, FF Faraday was building a car, he was just playing, and now he has only delivered 11 cars, and he still owes a bunch of debts, so he can't continue to build it.
At present, the market value of FF Faraday is only $2.1 million, and the $2.96 billion of those creditors has become $360,000, and FF Faraday may be delisted, but I am afraid that it will be cleared.
But according to U.S. law, Jia Yueting is indeed no longer in debt, after all, the rise and fall of stocks has nothing to do with him, and it has nothing to do with him whether the creditors lose or not.
But here's the problem, that's American law, if he returns to China, then according to Chinese law, his debt is estimated to be impossible to clear, so he doesn't dare to return to China.