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Current Share Price: 4.540
Fuzzy Panda Research
Initial Report Date（2021/04/28）Share Price:4.880
Initial Report Date（2021/04/28）Share Price:4.880
Foresight Autonomous (FRSX): A Minefield of Criminals, Self-dealing, Fake Sales, and Old Technology
Details Link > We are Short Foresight Autonomous (FRSX) and see material downside and expect this reverse-merger penny-stock promotion to collapse back to below $1 for the following reasons:
FRSX’s cap table is littered with accused & convicted criminals.
Insider Enrichment via egregious related party “service agreements” which allow FSRX’s CEO and the known penny stock promoters to siphon cash out of the company.
Founding shareholders, members of the Board of Directors, and FRSX’s CFO have been involved in at least ten other stock promotion schemes. Insiders got paid but shareholders got fleeced.
FRSX is a family affair. The new CTO is actually the CEO’s Brother-In-Law. The CEO’s daughter, is their legal advisor and VP of HR. His daughter has also received generous share grants including free extensions of expiring options despite being a part-time employee.
By wantattse
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