Chijet Motor Company Inc (CJET)

[Invest-in-America]

CJET: "Big-Trouble-In-Little-China"!!!
https://chijetmotors.com/

[subslover]

A bounce maybe? We will have to keep an eye on this one. This 8k came out today

On October 11, 2024, the registered office of Chijet Motor Company, Inc. (the “Company”) in the Cayman Islands was served with four separate complaints in litigations filed in United States District Court Eastern District of New York and New York State Supreme Court, New York County, respectively, by four plaintiffs alleging violations of a Non-Redemption Agreement and a Contingent Value Rights Agreement that were entered into in connection with the Company’s SPAC transaction. The four complaints demand a total of approximately $6,360,000 in damages and that the Company register for resale a total of approximately 1,757,000 ordinary shares of the Company. On November 12, 2024, the four plaintiffs filed amended complaints seeking the same relief. The Company, which is required to respond to the complaints by February 20, 2025, intends to vigorously defend against the lawsuits.

[tw0122]

Some hits on this China EV low floater $2.14 + 20% 

[glenn1919]

CJET..........................https://stockcharts.com/h-sc/ui?s=CJET&p=W&b=5&g=0&id=p86431144783

[Bigguy4]

Company also falls well below the net equity rule , net tangible assets of a minimum of 2.5 million. 3rd strike.

[Bigguy4]

I told you this would happen , welcome to penny land ....

[glenn1919]

CJET..........................https://stockcharts.com/h-sc/ui?s=CJET&p=W&b=5&g=0&id=p86431144783

[Bigguy4]

Chinese are finding out that wash trades can't replace go old fashion retail buying....no support drive you to penny land .

[Bigguy4]

How low will it go .....

[Bigguy4]

Penny land !!!!

[Monksdream]

CJET new 52 week low

[Monksdream]

CJET new 52 week low

[Bigguy4]

Negative net worth , should get notified by Nasdaq soon for non compliance ....headed back to penny land .

[glenn1919]

CJET....................................https://stockcharts.com/h-sc/ui?s=CJET&p=W&b=5&g=0&id=p86431144783

[TrendTrade2016]

NICE MOVE..LOST SIGHT IT

[Awl416]

LOL

[ZetaReticuli]

Taking off

[Monksdream]

CJET new 52 week low

[PonkenPlonken]

starter

[Bigguy4]

Press releases must be written by Chinese PR people , because they are boring and drawn out ....

[Bigguy4]

Company has a negative net worth of over 100 million USD . No way the can keep within Nasdaq net cap rules ....

[Bigguy4]

This company is bleeding money , will not survive without a huge capital injection , not sure the Chinese government will bail them out this time......

[TrendTrade2016]

CJET....RAMPING WITH A 500 000 FLOAT

[TrendTrade2016]

CJET....POST SPLIT BEAST IN THE MAKING

[Monksdream]

Shorts win, shorts win

[tw0122]

CJET reverse split 6.20 tanking 52 week lows. Keep on watch list for entry next few days

[Monksdream]

CJET 1-30 JULY8

[Bigguy4]

Reverse split for a failing company can only spell disaster for existing shareholders.....I'm dumping and running as fast as I can.!!

[Bigguy4]

Cjet is being run by Chinese nationals that have no clue about responsibility to shareholders , they obviously don't give a damn about us.....

[Monksdream]

CJET new 52 week low

[subslover]

https://chijetmotors.com/

[Invest-in-America]

CJET: On the move in the Post-M.

[MASTERULTRA]

There's not many shares on Cjet so easily to be manipulated.

[Bigguy4]

Short covering plain and simple, no retail buying, market makers trading among themselves

[gail]

may pop here, inching up now.

[gail]

hi there Monk. you have some pretty good alerts, so i grabbed some today, on the dip. those, over on stocktwits, seem to like it as well.

[Monksdream]

CJET