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Posted on 11/30/23 at 5:30 pm to Crescent Connection
I dumped all of mine between $3.70 and $1.30 as it dropped. Should have been smarter given the market cap and interest rates but live and learn and never put too much credence in pre-revenue company long-term guidance.
The Discord channel would probably be the best place to get opinions on where it could go from here: Discord
I'll be watching the class action suit. Management did seemingly make misleading statements on funding requirements during calls this year but whether disclaimers insulate them is not something I can gauge and who knows if they'll still have any cash to pay out if there is eventually a judgement favorable to shareholders.
The Discord channel would probably be the best place to get opinions on where it could go from here: Discord
I'll be watching the class action suit. Management did seemingly make misleading statements on funding requirements during calls this year but whether disclaimers insulate them is not something I can gauge and who knows if they'll still have any cash to pay out if there is eventually a judgement favorable to shareholders.
This post was edited on 11/30/23 at 5:33 pm
Posted on 11/30/23 at 5:48 pm to Crescent Connection
Occam’s razor would suggest this is going to zero. I’ll ride it to zero at this point just to remind myself to never invest in individual stocks again. I think this goes sub .50, maybe even down to .25 by year end with massive tax loss harvesting going on and management MIA with regards to defending the stock price. Not expecting any potential catalysts until February with potential unit economics known by then. Management obviously knew long before August that the jig was up with regards to the O2 plant getting done anywhere near the original timeline. Basically this is a Hail Mary relying on government grants, licensing deals, and/or new income streams from quicker to market products like bottle caps to survive. It’s a shame as I think the tech could still be legit, but management is obviously incompetent.
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