Nov. 24 at 6:40 PM
$GAUZ this stock price swoon appears to be the result of nothing more than a well timed and well aimed stink bomb.
The judicial proceeding going on in the French court system is very opaque. In France, the court itself can initiate an insolvency, perhaps in response to incomplete information or innuendo that the parent company has not yet had a chance to respond to. This contrasts with courts in the Anglo-Saxon legal universe, where insolvency can only be initiated by one of the parties in a legal proceeding.
The entire proceeding appears to have taken Gauzy completely by surprise. It was filed exactly on the eve of an earnings report, and also just days before a specialized trade show (Smart Glass) taking place in the United States, a show in which Gauzy would meet potential OEM partners.
Until the hearing, we face uncertainty, unable to tell if it was a supplier, a competitor, a short seller, a detractor, or even Hamas that lobbed the stink bomb.
