They made a new PowerPoint for November. There's not much new in it; the number of awarded programs remains at 18 without any increase, but the backlog has gone up by nearly 100 million, currently at 730 million USD, which is quite odd. Also, there will be 4 new programs by the end of next year. As for CREV, there's still 35 million in cash in the account. If I remember correctly, they need to raise 60 million in capital by the end of the year. However, the current market value is just over 59 million. For the capital raise to be successful, the share price might need to return to around $60-$80. The trading volume is much lower now. Good news.
CBR Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
