📩 Official Letter to Mr. YT Jia – CEO of Faraday Future
Dear Mr. YT Jia,
As a shareholder of Faraday Future, I am writing to express my deep concern regarding the company’s ongoing silence in the face of what appears to be clear and systematic manipulation of the
$FFAI stock.
Over the past weeks, official data from FINRA, NASDAQ, and dark pool tracking platforms has revealed the following:
Short interest has risen above 27% of the float
Borrow fees have surged beyond 16% daily
Off-exchange trading now exceeds 40% of daily volume, raising transparency concerns
Unusual options activity suggests internalization and spoofing tactics are taking place
And yet, there has been no official statement from you or the company’s leadership, and no update on any investigations or legal steps being taken to protect your shareholders.
Furthermore, your latest proxy filing which includes Proposal 2 and Proposal 3—seeking to approve a large private placement and to increase the authorized share count by 38 million shares is deeply troubling.
Let me be clear:
These proposals are completely rejected by many shareholders.
They signal further dilution, weaken existing ownership, and unintentionally empower short sellers by expanding the float with no transparent, value-creating plan attached.
We respectfully but firmly demand:
What actions has the company taken to report or investigate this activity with regulatory authorities such as the SEC or FINRA?
Why has the company not issued a public statement regarding these abuses?
Does Faraday Future intend to take legal or regulatory steps to protect its stock and shareholders from abusive short-selling practices?
We are not asking for promises. We are demanding transparency and accountability.
Those who believed in your company deserve better than silence.
We expect a clear and public response.
This is a critical moment and shareholder trust is on the line.
@YTJiaFF
@JerryWangff
@FaradayFuture
Sincerely,
Shareholder in Faraday Future ($FFAI)