How Carbon Rev's form this morning?

• One of our wheel programmes is way down as the customer's paused making cars and is unlikely to for the rest of the year
• Another of our wheel programmes finished
• Revenue is way down QoQ
• We've got no new programmes in the pipeline
• We made less than half per wheel than last quarter (but be thankful because until recently we lost money on every wheel sold)
• Also we're skint and not sure how we'll be paying the bills next month
• Oh, did we mention we're proposing a merger with a U.S-based SPAC, under which we'd represent 2/3rds of the Company with a notional share price of $1.49?

Um, no you didn't mention that! How about leading with that next time?

Shares were up 77% this morning before it went into a trading halt.

[Not held]

Strange decision by Carbon Revolution last week to issue a notification of a $12m grant and not classify it as price sensitive given their market cap is down to $100m now. The ASX overrode them and put a price sensitive flag on it as well as issuing them a please explain.

Nice of the government to issue them the grant and I'm sure it has nothing to do with Carbon RevoIution sitting in the ultra marginal Corrangamite electorate. I also note they gave $4.5m to Lark Distilling in Tasmania. Carbon fibre wheels and single malt whiskey would totally be my priorities in addressing our cost of living crises.