Rocket Executive Summary
The Play: CDSG appears to be positioning as the public vehicle for Pegasus NEVs, the electric vehicle arm of Visionary Holdings (NASDAQ: GV). With CEO crossover, preferred share control, and $280M+ in existing contracts, this looks like a major reverse merger in progress.
Status: We're early. Silent shell since January 2025, next 10-Q due August 15th.
The Discovery
Bulb Key Insight
Something big appears to be underway between CDSG and Pegasus NEVs. The public didn't catch on until mid-May, but filings now tell the story.
Critical Connections:
- Visionary Energy Holdings Group (NASDAQ: GV) owns CDSG's preferred shares
- Mr. Yongheng Hu - CEO of both Pegasus NEVs AND CDSG
- Voting control - Preferred shares are for control, not dividends
- Timeline alignment - CDSG went silent exactly when Pegasus claimed to go public
Leadership Analysis
Target Yongheng Hu - CEO Profile
Experience: 20+ years in NEV (New Energy Vehicle) space
Previous Leadership:
- Shuguang Co. (Multi-billion dollar firm)
- China Bawang Group
- China Guangsha Holdings
Expertise: Automation, scaling production, leading public companies through high-growth transitions
Bottom Line: Hu isn't some placeholder CEO. This is serious leadership with a track record of building multi-billion dollar companies in the exact space CDSG/Pegasus is targeting.
Market Opportunity
Lightning Technology & Production
- Solid-state battery technology - Next generation power
- Automated production lines - Scalable manufacturing
- Global partnerships - Already established
- Hong Kong taxi contracts - Proven market demand
Financial Projections
Short-term Targets (Year 1):
- 100,000 vehicle production
- $4 billion revenue
- 30%+ annual growth rate
Long-term Vision:
Key Timeline & Catalysts
Check January 2025: CDSG Goes Silent
Shell company stops activity - same time Pegasus claims to go public
Check Mid-May 2025: Public Discovery
Filings reveal connection between CDSG and Pegasus/Visionary Holdings
Target August 15, 2025: 10-Q Due
Next mandatory filing - could reveal major developments
Crystal Upcoming: Press Release/Update
Management team unlikely to stay silent - announcement expected
Investment Considerations
Lightning Why This Could Be Huge
- Early Discovery: Public hasn't fully caught on yet
- Proven Leadership: CEO with multi-billion dollar track record
- Existing Revenue: $280M+ contracts already secured
- Structure in Place: Visionary Holdings (NASDAQ: GV) backing
- Timing: EV market at inflection point
Warning Risk Factors
- Shell Company Risk: Still in development phase
- Execution Risk: Ambitious production targets
- Market Risk: Competitive EV landscape
- Regulatory Risk: Cross-border business complexity
- Timing Uncertainty: No confirmed announcement date
Investment Thesis
Target The Bottom Line
Based on filings, timing, and structure, this appears to be a direct play on Pegasus using CDSG as its public vehicle. The shell has been sitting since January -- there's no way this management team is standing still.
We're early. That's the whole point.
This is speculative and high-risk, but the potential upside is significant if the Pegasus reverse merger materializes as expected.