Cold hard reality. I have to agree totally. It's a long road ahead for the company and longs. Sadly. They would have had a tough go as it was, but the suspension and demotion to the greys really has thrown a monkey wrench in the mix.
The SEC takes its own time to decide whether there will be further actions taken against the company or its officers/insiders. They have those 5 years to decide whether to take them, and within those 5 years, market makers won't put their names on a 211. That's just the way it is.
There is no universe in which a viable EV battery technology winds up in the laps of the bagholders of a non-reporting stinky pink company. Viable battery technologies have venture capitalists, battery companies, EV companies, who invest in their R&D and use that investment to actually advance the product. This technology has sat since they powered up a drill motor and a scooter for a few minutes. Nikola had invested $8M and offered to buy the company, but then looked under the hood and found it was all smoke and mirrors, nothing going on. They pulled out, the company went bankrupt, and still no real company wanted the tech. That speaks volumes.
The other thing that speaks volumes is the stock now trades on the grey sheets and will for quite some time, which means any sort of liquidity for a capital raise is non-existent. COUV has no money whatsoever to move the tech forward, and there'll be no outside investment without liquidity for the equity stake the investors would want. The merger wasn't complete, and the suspension provides an opportunity for the battery end of things to seek another approach/company/investor. Yet they're not. There must not be any other avenues.
