Part 11/13:

The core problem lies in Fermy’s grandiose plans’ implausibility. Building the proposed energy infrastructure requires billions of dollars, extensive planning, years of permitting, and significant expertise—none of which Fermy currently possesses. Their strategy of pre-selling future electricity—more than a year after announcing a major prepayment—collapsed when the potential client withdrew, casting doubt on the project’s financial viability.

Their exaggerated timeline, lack of experience, and absence of tangible progress have caused their stock price to collapse from its initial valuation. The company’s market hype—largely fueled by political associations and AI-generated marketing—appears increasingly disconnected from the company's actual state of development.