Life Electric Vehicles Holdings Inc (LFEV)

[Potse]

CNGI(.51)...added to position.....

Picked up some shares of the CTON shell in the 19-27 cent range (50+K shares at an average under 24 cents). This shell looks exceptionally attractive from a risk/reward standpoint around these prices.

Increased my position during the afternoon with purchases in the 36-50 cent range. Finished the day with 80+K shares at an average a little over 33 cents. These buys later in the day were probably considerably more risky (from a short-term perspective) because of the large percentage increase the stock has seen, but I am anticipating they will be nicely profitable at some point down the road.

Never know when the supply of shares on the ask will suddenly dry up or if the RM timeline will allow sufficient time/opportunities for fishing on the bid, so I have a tendency to build a position as quickly as I can if I think the valuations still remain attractive at those higher prices.

Overall shell valuation at 50 cents is around $3.5 million. The valuation of the 2+M shares that will not be controlled by the RM target (or people closely associated with the RM target) is around $1M at the current price. Both of these numbers look reasonably attractive to me in the current shell environment, where it is not unusual to see overall shell and/or legacy positions reach valuations in the $5-20M range.