Cenntro Automotive Group, Inc. manufactures electric light and medium-duty commercial vehicles (ECV). The company was founded in 2013 and is based in Freehold, New Jersey.
JDR screwed over the long term loyal share holders, he wants you to eat 3 billion shares of dilution to pay for the merger deal and his bonus.
There own combined evaluation is 2.2b based off 2023 future projected sales revenue. With the massive dilution required for this deal we could dip down to 0.34 SP before it starts going back up once the merger is all complete.
JDR and his friends walk away with a massive bonus once this deals complete, he’s done similar deals in the past, just a corporate crook.
Big money would’ve bought in after merger announcement if they thought this was the next Rivian IPO
I don’t understand why they designed this shit that after every tiny pop it’s dropping for 4 days? Why it doesn’t drop down in one day instead of 4 days than go back up !!!!
This is fucked up