CREV-2025, page-82

The appointment of a new CEO by OIC likely has two purposes:

1. To try and save CREV and see if there’s still hope to turn things around.

2. If the new CEO determines that CREV’s business model is unsustainable (with no potential for profitability), OIC will likely cut its losses decisively and stop providing further funding.

The last $5.4M grant was two months ago, and I'm not even sure if they’ll be able to secure any new grants.

There should be a series of announcements in the next two weeks.

The best-case scenario: the annual report is released, a new funding agreement is reached with OIC (or another party), and the stock price rises significantly.

The worst-case scenario: the annual report is not released, trading is suspended, OIC stops providing funding, and a bankruptcy announcement is made.