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PrivCo -- Never Before Seen, Exclusive Documents Depict Unbelievable Rushed Underwriting by DOE of $529 Million Loan to Struggling Fisker in 2009, How Venture Capital Investors Asked the Government to Change Its Loan Enforcement to Suit Private Interests

April 26, 2013

NEW YORK, NY--(Marketwired - Apr 26, 2013) - PrivCo releases never before seen documents on Fisker Automotive, Inc. and its Department of Energy Loan, detailing how the Chief Operating Officer pleaded with the Department of Energy to receive a $529 million loan as the company was 2 weeks from Chapter 11 and unable to raise any further equity, how Kleiner Perkins Caufield & Byers Managing Partner Ray Lane beseeched the DOE to waive all Defaults and milestone conditions imposed by the DOE Loan Agreement on Fisker in order to raise further equity funding, and a litany of other smoking gun occurrences. In the interest of the public good and the right to information of the U.S. taxpayer, PrivCo will continue to release further documents it has obtained in the immediate future. These documents are only a fraction of the over 11,000 pages of documentation PrivCo has uncovered during its weeks of research and continuous Freedom of Information Act Requests.

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