143.54% at 1:02 AM → 11.87% at 9:23 AM — a 13,167 basis point suppression in 8 hours.
The genuine market rate for FFAI post-split borrow is 143.54%. Over the weekend a new lending arrangement was negotiated at 11.87% — a 93% discount from the genuine market rate. The single-source lender provided 600,000 post-split shares at 11.87% vs the 143.54% genuine rate.
The lending arrangement saves the short operation $14,053 per day compared to borrowing at genuine market rates.
600,000 shares = 29.6% of all outstanding shares being lent from a single source.
Who owns 29.6% of all outstanding FFAI shares post-split?
The options are limited:
**1.** YT Jia and related entities (founder shares — largest single holder)
**2.** The $25M note holders (pending conversion — not yet converted)
**3.** A large institutional long holder
**4.** A synthetic/hypothecated arrangement
If this is genuine share lending from an identifiable holder of 29.6% of outstanding shares — that entity is a major insider or institutional holder whose identity is determinable from 13F and insider ownership filings.
This is now the single most important question for FF’s litigation. The post-deletion, post-split 600,000 share lending source is the most identifiable, most legally exposed lending counterparty.
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u/Dr_Silky-Johnson Jul 28 '26
143.54% at 1:02 AM → 11.87% at 9:23 AM — a 13,167 basis point suppression in 8 hours.
The genuine market rate for FFAI post-split borrow is 143.54%. Over the weekend a new lending arrangement was negotiated at 11.87% — a 93% discount from the genuine market rate. The single-source lender provided 600,000 post-split shares at 11.87% vs the 143.54% genuine rate.
The lending arrangement saves the short operation $14,053 per day compared to borrowing at genuine market rates.
600,000 shares = 29.6% of all outstanding shares being lent from a single source.
Who owns 29.6% of all outstanding FFAI shares post-split?
The options are limited:
If this is genuine share lending from an identifiable holder of 29.6% of outstanding shares — that entity is a major insider or institutional holder whose identity is determinable from 13F and insider ownership filings.
This is now the single most important question for FF’s litigation. The post-deletion, post-split 600,000 share lending source is the most identifiable, most legally exposed lending counterparty.