Cenntro Inc (CENN) Quote

In the end for me, CENN was a loser (about $6 grand) even with the ok trading that I did, but when something tanks from $4 when I started to ease in to a low of ten cents, I consider myself lucky on this trade based on how much I had in at various points, including writing options. I certainly didnt think it would come down as far as it did to a dime (pre-split), $1 post split, wow, what an absolute mess this has become. I dont know if the company will recover, and I dont think I would use this as a trading vehicle even at this price or lower. They burned $110M over first 9 months of 2023 which is a lot of $ with revenues of $5m. Theyre also in process of trying to redomicile to the US. I would stay away for now except for a quick well-timed trade.

Ya...that's crazy. Restructuring fee..BS

They do another RS , Fn eTurd chg $38 again

Silly little Peter Wang thinks this will sustain $1. 🤣🤣🤣 -_-

Short it back to zero

Harpoon this fish ! Man I liked this fish for long time :(

Justin davis rice wang and peter lil wang ran off with shareholder money. End of story.

Going to run up river $$$$$$$let your line out $$$$$$$

Lil Peter Wang putting the screws to shareholders. Someone should call dicktater Xi pingpong and let him know about this.

https://ir.cenntroauto.com/node/8466/html#tWYM

especially to page no. 9 referring to the time table - and page 87 - "historically Cenntro had not retained a sufficient number of professionals with an appropriate level of accounting knowledge, training and experience to appropriately analyse, record and disclose accounting matters under U.S. GAAP.
that sounds not very trustworthy as of my understanding for a well managed Co.

Third Quarter 2023 Financial and Operating Highlights:

Net revenue of $5.8 million increased 175% year over year;
Sales volume increased by 326% year over year and 27% sequentially quarter over quarter to 298 vehicles;
Average selling price (“ASP”) increased 15.7% year over year to approximately $19,200; and
Adjusted EBITDA for the quarter is a loss of $12.1 million compared to a loss of $12.0 million for Q3 2022.
Peter Z. Wang, Chief Executive Officer explained, “Our sales momentum in the third quarter continued to ramp up as distribution expanded from the second quarter of 2023. Consequentially, we have sold 298 vehicles in Q3 2023 compared to 235 vehicles in Q2 2023 and 70 in Q3 2022. More importantly, to date the demand for some of our newly launched vehicle models in Europe such as the LS260® has outpaced our estimates. We have also experienced positive sales momentum for our iChassis, having sold 103 units in Q3, though these 103 units are not inclusive of the number of vehicles sold because iChassis is not considered a complete vehicle. We continue to build our sales momentum in 2023 from quarter to quarter to improve the effectiveness of our sales process, including having streamlined our North American sales team structure during Q3 2023.

Cenntro Electric Group Announces Third Quarter 2023 Unaudited Financial Results

What is the actual O/S now ? I have 305M but I'm sure it's a lot higher than that

Piece of dog crap

Just waiting for the rug pull. It is coming!!

Thoughts?

https://ir.cenntroauto.com/news-releases/news-release-details/cenntro-electric-group-limited-announces-proposed-re

Reverse split coming buyer beware!

I voted my shares this morning. AGAINST THE ENTIRE SLATE - If these clowns can't provide share growth without a Reverse Split they shouldn't be directors.

VOTE AGAINST THE ENTIRE SLATE TO SHOW YOUR DISPLEASURE WITH THE CURRENT DIRECTION OF THE COMPANY.

I read that , I mean about change of materials in respect of SP and possible R/S which is the intention now. Imho not to urge that this time as there is another 6 month month confirmed by the SEC what I noted. https://www.stockwatch.com/News/Item/U-b20230717990623-U!CENN-20230717/U/CENN

$CENN - Up 7% Pre-Market/ Current Price $0.46
Files Annual Report on Form 10-K and Regains Compliance with Nasdaq Filing Requirement | 07/14
Announces New Assembly Plant in Ontario, California | 07/11

$CENN news https://www.sec.gov/Archives/edgar/data/1707919/000114036123033784/ny20009671x2_pre14a.htm

anyone here to follow the audit and share some relevant information?

Would be great as I cannot follow that. Thanks

On the move

$CENN: Now at 0.37

Bullish technicals on the 10min chart


GO $CENN

$CENN: Watch her here now...... now at $0.33

THis one can really go


GO $CENN

Little chinese CENN next?
https://www.foxbusiness.com/politics/electric-truck-company-touted-trump-incredible-concept-files-bankruptcy

Hm. 16M shares traded at .2996 ??

Not a chance

RS COMING

Somethings up

So, I guess good faith accounting ain't so good? I bet the get the boot off Nas.....

Cenntro ramping up production
https://newsytrends.com/2023/05/11/cenntro-electric-group-ltd-nasdaq-cenn-ramps-up-production-of-exciting-line-of-electric-vehicles-evs-metro-teemak-lm864h-and-logistar/

We’re movin today. News out soon?

So many China stocks are getting pumped. Could $CENN see the same...

They've had months to prepare their financials for GAAP/SEC submission. Plus wasn't Juice Box Justin from NAKD suppose to help guide them too. So, it's a total letdown to read this in an 8-K:

On March 28, 2023, the Company and Good Faith CPA Limited (“Good Faith”) entered into an engagement agreement and April 14, 2023, the Board of Directors ratified the appointment of Good Faith as the Company’s independent public accounting firm for the fiscal year ended December 31, 2022.

It's all in the name..........Good Faith...... OMG!

I dont know enough about the detail, but I do like the price down here at 36 cents for a trade

Everyone got burned on this deal except the CEO of NAKD. He even made sure his stock was registered to probably cover a short position in Canada. Who knows but everyone got burned regardless.

Cenntro booth 6110 - Act Expo
Gold Sponsor

https://www.actexpo.com/sponsors

Whitehouse / gov
Look under pic-
Unleashing private investment in Florida


https://www.whitehouse.gov/wp-content/uploads/2023/03/IIA-All-State-Fact-Sheets-Florida.pdf

Sold out of my CENN on the last run to 80 cents (much too early though) for a lifetime loss of $6 grand. Considering I started buying at $4 bucks in jan 2022 I guess I should consider myself luckier than many others, but still its disappointing to see such large downdraft for a company that is executing. I do believe in the company and what they are doing, and should it dip under 40 cents I would consider buying.

Fading some as news times out, but I expect it to go above 3.90 as deliveries are made from this USA plant.
Kudos to Cenntro!

Longs have to be very excited here. I have been waiting for this news to get back in and did so.
I think this company has a strong opportunity for Global presence in the EV industry.

Is there any Information about Contracts with customers ? Thanks

Cenntro Begins Production at New Jacksonville, Florida Assembly Facility of Electric Commercial Trucks
100,000 sq. ft. facility to Assemble LS400, Teemak and Metro Models for US Southern Region

FREEHOLD, N.J.--(BUSINESS WIRE)-- Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced the start of production of the LS400, Teemak and Metro electric commercial trucks at the Company’s new assembly facility in Jacksonville, FL.

Operations at the facility will include electric vehicle assembly, upfitting, and pre-delivery inspections. The new facility joins the recently expanded assembly facility in Howell, NJ.

Vehicles assembled at the Jacksonville facility are predominantly for the Southeastern region of the US and for the Central American region. Cenntro expects to begin delivery of vehicles assembled at the Jacksonville facility to customers next month.

“After more than 15 months of facility renovation, assembly line preparation, and local regulatory compliances, the Jacksonville facility has begun assembly,” said Peter Wang, Chairman and CEO. “The vehicles assembled in Jacksonville will meet the strong market demand for our electric commercial vehicles in the region. With the capability to accommodate the LS400, Teemak and Metro electric commercial trucks we are well positioned to capture US market share in the years ahead.

“Cenntro now has established production and assembly at 5 facilities globally, in addition to EV centers in the U.S., Poland, Germany, Spain, Morocco and the Dominican Republic to support large-scale deployment and align with its go-to-market strategy for new growth.

“It is not an easy task to set up this local assembly capability, and I have to thank our staff, the local government, construction companies, and our partners for their dedication and endless efforts especially through this tough time with the Covid pandemic and supply shortage,” concluded Wang.

The news about production beginning in Jacksonville Florida. It’s 100% true. I make deliveries to their facility there.

https://ir.cenntroauto.com/news-releases/news-release-details/cenntro-provides-united-states-facility-and-production-updates/

High interest at the open, after a holiday and with little new information. We’re building solid support at this price in line with resistance in December. I’m bullish, buying and holding for the long term.

https://kep-widi.de/cenntro/

This stock is awesome. Hope everyone got some in the .50's, I sure did... It might dip down again, but I now expect it to go over $1.00. Get ready for that next cycle. Good days are coming!!! LOL

Looks like you won't have long to wait. Good luck.

Good for you. I am just waiting for the .50's to buy back in....

You better check again. Sure am glad that I got out of this one with a VERY nice profit a few weeks ago.