Happy new year all!
I've pretty much lost all faith in this company, I've filed this in to the 'lessons learned' drawer. Thankfully I did well on the stock market last year so writing-off this stock doesn't hurt as much as it could have.
- No press releases, no communications, nothing. Absolutely nothing;
- No longer in compliance with NASDAQ rules;
- Ferrari launch a much-anticipated hypercar with CREV wheels and not even a press-release;
- Lamborghini launch a new model with CREV (still not sure on this) and again, no press-release;
- CREV make their 100,000th wheel and no press-release;
- Mustang Dark Horse wheel is universally hated and will never, ever be the volume seller Ford/CREV thought it would be. How they got the wheel design that wrong is beyond me.
Ultimately, I still believe CF wheels are the future and a gamechanger. I thought CBR/CREV had overcome the hurdles and would be able to mass-produce at a profit. I was wrong.
Someone will pick this company up for a song when it runs out of money and will probably make it work with the IP and robots developed with our money.
In then meantime, I'll wait for a dead cat bounce and cash-out; thankfully I bought a chunk of my shares at CBR's record lows so I can still exit with a decent amount if the share price recovers somewhat pre eventual cap raise pump.
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