GBA Presents: House of Gummy-!

Wow they were a SPAC. A new SPAC? WHat... I hate to say it but I bet they are legit./ Think of the pressure to bring a SPAC after they all have crashed except a handfull....

Carbon Revolution plc (Nasdaq: CREV), parent of Carbon Revolution Limited, said its stock will begin trading today on Nasdaq under the symbol “CREV” after merging with SPAC Twin Ridge Capital Acquisition Corp.

The global manufacturer of lightweight carbon fiber wheels added that former General Motors Vice Chairman Bob Lutz will be joining the board.

Also joining the board will be former Vice President at Ford Motor Co., co-founder of Aware Mobility LLC Jacqueline A. Dedo, and Senior Vice President and Chief Financial Officer of Catalent Matti Masanovich.

“We have come a long way over the last decade in developing and then further expanding the global footprint of our carbon fiber wheel technology, and we’re just getting started,” said CEO Jake Dingle.

The company has been awarded 18 vehicle programs for six global OEMs including Ford, General Motors Co., Renault, Ferrari N.V. and Jaguar Land Rover, Mr. Dingle said.
 
...and maybe not Australian

Carbon Revolution Public Limited Company manufactures and sells carbon fibre wheels to original equipment vehicle manufacturers for the automotive industry worldwide. It also provides associated engineering services; and sells tools. The company was founded in 2007 and is based in Dublin, Ireland.
 
stonedinvestor said:
“We are incredibly excited about the opportunity ahead and remain focused on achieving profitable growth in the future, which we believe will be achieved through the automation of our production and driving greater fixed cost leverage as volumes ramp. Looking forward, we expect robust growth to continue in the fiscal second quarter. At the midpoint of our outlook, we expect revenue to increase more than 25% sequentially and nearly triple year-over-year,” concluded Mr. Dingle.

2nd time this co has come up recently......

Rule of 3 Upgrade tomorrow or something....
More...
It went from $7 to $180 in two days back in early November.
Borrow rate to short it is almost 500%
1.5M share float. Only 8K shares are short though. That little spike to $180 probably spooked the shorts.

You better get on Google earth and get a look at wherever they are claiming to have a factory and make sure its not a vacant lot.
 
"This might be a good time for investors to step out of cash," Chaudhuri told Yahoo Finance Live.

Chaudhuri analyzed the returns in the S&P 500 (^GSPC) during the six months before the last hike, the pause period and the six months after the first cut for every Fed rate hiking cycledating back to 1995. The analysis shows that out of the three, equities delivered their highest average annual return during the pause period.

"Whether you're in the bond markets, whether you're in the equity markets, investing in this pause period is really important," Chaudhuri said. "And there is a little bit of urgency around it, because, eventually, we think by...the second half of 2024, the Fed will begin to cut rates."
 
These are fresh.

23d3766655990c310abafb2b75870770
 
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