Their lawyers and accountants corroborate that these are not real sales as the financials show $ 0 in GAAP revenue. FRSX announces what appears to be “ fictitious sales” in press releases.Round-trip financing – shareholder capital is paid out to a party connected to Silberman – then a smaller amount is funneled back to FRSX through new financings (minus a % fee?).
His daughter has also received generous share grants including free extensions of expiring options despite being a part-time employee. The CEO’s daughter, is their legal advisor and VP of HR. The new CTO is actually the CEO’s Brother-In-Law. Insiders got paid but shareholders got fleeced.
Founding shareholders, members of the Board of Directors, and FRSX’s CFO have been involved in at least ten other stock promotion schemes.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.FRSX’s cap table is littered with accused & convicted criminals.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:
#Foresight autonomous stock forecast 2025 full#
The company is still under the influence of the duo who receive financial advisory fees and support from the current FRSX CEO.Īfter examining the full cast of characters at Foresight, we discovered connections to accused money launderers, convicted felons, numerous penny stock promotions, and financiers who have settled SEC charges of market manipulation.įoresight Autonomous’ CEO also funnels cash from FRSX for himself to an entity he and his brother-in-law wholly control under the guise of R&D spending. Shrem & Silberman are a duo of notorious penny stock promoters one of whom was arrested on suspicion of money laundering. FRSX was formerly controlled by a convicted felon before Kfir Silberman and Itschak Shrem took over.
In reality, FRSX, an Israeli RTO, is nothing more than an aggressive stock promotion where insiders are siphoning cash to entities they control.
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