CBR 0.00% 13.5¢ carbon revolution limited

I sold out half at sufficient profit that the remaining half owe...

  1. 28 Posts.
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    I sold out half at sufficient profit that the remaining half owe me nothing. At USD 30 now I'll probably just hang on.

    People have probably worked this out, but I noticed this morning that due to the symmetry between the 0.0064... conversion rate and the 64c AUD, the CREV price in USD is pretty much equal to the CBR price in AUD cents. i.e. CREV at USD 30 is equal to CBR at 30c. At 30c pre-nasdaq, I wouldn't have sold. If they go much lower I'll start buying again.

    I think CREV have a bright future, and with the deal complete most of the risk that depressed the price so much is gone. The product is great, the market is expanding, they have a huge head start on competitors and with any luck they have sufficient resources now to get them to profitability.

    Or, the whole process was a scam, organisers and management are walking away with a windfall profit plus kickbacks, the company collapses and we lose the lot.... I guess we'll see.

 
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