u/PornStub

https://preview.redd.it/ks4ryecn4b2h1.jpg?width=1600&format=pjpg&auto=webp&s=612a75bdeb9a316bb03a276458acd1d84a859a74

Alright, hear me out before you scroll past.

I know the reputation. I know people have been burned. But I've been digging into this one for a while and I genuinely think the hate is priced in way harder than it should be. Here's my actual case for it:

Sheldon Inwentash is not who Reddit thinks he is

• Built Pinetree Capital into a billion-dollar fund basically from nothing
• Yes, Pinetree blew up — but that was 2012–2015 resource sector carnage, not some Enron situation
• The guy has a legit eye for early-stage companies before anyone else is paying attention
• He's been doing this for 30+ years. That pattern recognition doesn't just vanish

What ThreeD actually is

• Early-stage venture fund listed on the TSX-V under $IDK
• Invests across tech, biotech, blockchain, deep-tech — basically high-conviction speculative bets
• Not trying to be a safe play. Never claimed to be. That's literally the model
• Small market cap = small position needed for meaningful upside exposure

Why I think the timing is interesting right now

• Stock has been crushed, sentiment is at rock bottom
• Portfolio has quietly been building positions in some legitimately interesting companies
• You don't need the whole portfolio to work — you need one or two names to pop
• Risk/reward at this price feels asymmetric to me

The honest part

• Some of their past picks have been rough, no sugarcoating that
• This is a speculative, small-cap, long-horizon bet — not a blue chip
• Position sizing matters here. Nobody is saying go all in
• But written off completely? I don't think so

Not financial advice, done my own research, would love to hear from anyone else who's looked at this closely. What am I missing?

$IDK

Alright, hear me out before you scroll past.

I know the reputation. I know people have been burned. But I've been digging into this one for a while and I genuinely think the hate is priced in way harder than it should be. Here's my actual case for it:

Sheldon Inwentash is not who Reddit thinks he is

• Built Pinetree Capital into a billion-dollar fund basically from nothing
• Yes, Pinetree blew up but that was 2012–2015 resource sector carnage, not some Enron situation
• The guy has a legit eye for early-stage companies before anyone else is paying attention
• He's been doing this for 30+ years. That pattern recognition doesn't just vanish

What ThreeD actually is

• Early-stage venture fund listed on the TSX-V under $IDK
• Invests across tech, biotech, blockchain, deep-tech basically high-conviction speculative bets
• Not trying to be a safe play. Never claimed to be. That's literally the model
• Small market cap = small position needed for meaningful upside exposure

Why I think the timing is interesting right now

• Stock has been crushed, sentiment is at rock bottom
• Portfolio has quietly been building positions in some legitimately interesting companies
• You don't need the whole portfolio to work you need one or two names to pop
• Risk/reward at this price feels asymmetric to me

The honest part

• Some of their past picks have been rough, no sugarcoating that
• This is a speculative, small-cap, long-horizon bet not a blue chip
• Position sizing matters here. Nobody is saying go all in
• But written off completely? I don't think so

Not financial advice, done my own research, would love to hear from anyone else who's looked at this closely. What am I missing?

$IDK CSE

Alright, hear me out before you scroll past.

I know the reputation. I know people have been burned. But I've been digging into this one for a while and I genuinely think the hate is priced in way harder than it should be. Here's my actual case for it:

Sheldon Inwentash is not who Reddit thinks he is

• Built Pinetree Capital into a billion-dollar fund basically from nothing
• Yes, Pinetree blew up but that was 2012–2015 resource sector carnage, not some Enron situation
• The guy has a legit eye for early-stage companies before anyone else is paying attention
• He's been doing this for 30+ years. That pattern recognition doesn't just vanish

What ThreeD actually is

• Early-stage venture fund listed on the TSX-V under $IDK
• Invests across tech, biotech, blockchain, deep-tech basically high-conviction speculative bets
• Not trying to be a safe play. Never claimed to be. That's literally the model
• Small market cap = small position needed for meaningful upside exposure

Why I think the timing is interesting right now

• Stock has been crushed, sentiment is at rock bottom
• Portfolio has quietly been building positions in some legitimately interesting companies
• You don't need the whole portfolio to work you need one or two names to pop
• Risk/reward at this price feels asymmetric to me

The honest part

• Some of their past picks have been rough, no sugarcoating that
• This is a speculative, small-cap, long-horizon bet not a blue chip
• Position sizing matters here. Nobody is saying go all in
• But written off completely? I don't think so

Not financial advice, done my own research, would love to hear from anyone else who's looked at this closely. What am I missing?

$IDK — TSX-V

Been sitting on this one for a while. Finally posting because I want someone to poke holes in it before I size up further.

$IDK on the CSE, $IDKFF on the OTC. ThreeD Capital.

Stock is at C$0.08. NAV per share is C$0.71. That's not a typo. The thing is trading at about 11 cents on the dollar relative to what the assets are actually worth. I've been staring at that number for weeks trying to find the catch and I haven't found one that justifies an 89% discount.

So what is it. It's basically a publicly listed VC fund. You're getting access to a basket of pre-IPO positions in AI, quantum computing, healthcare tech, smart city SaaS and junior gold — stuff that normally you'd need to be an accredited investor to touch at this stage. The stock is just... the wrapper around all of that.

The guy running it is Sheldon Inwentash. Ran Pinetree Capital. 150x share price in five years. Hit a billion dollar market cap. Outperformed the TSX Venture by 60x during that stretch. Exits include Queenston Mining ($550M), Aurelian Resources ($1.2B), Gold Eagle Mines ($1.5B). He knows how to find these things early. He and the board own 40.5% of ThreeD and nobody's selling.

Portfolio has some genuinely interesting stuff in it. Dynex is building a neuromorphic chip that runs at room temperature and apparently benchmarks 100x faster than D-Wave on certain workloads. AIML Innovations is doing AI-powered ECG processing for cardiac wearables, turning the data into actual clinical reports via API. InfinitiiAI does smart city water infrastructure SaaS, 96% renewal rate, record revenue last year. TODAQ has micropayments partnerships with RBC, CIBC, Google and Oracle. One Bullion is sitting on 8,000 km² in Botswana with $19M already raised behind it.

Obviously the bear case is real. Early stage means some of these go to zero. That's just venture math. Liquidity is thin and this isn't a momentum trade. If none of the portfolio companies break out then the NAV discount doesn't matter.

But I keep coming back to the same thing. You're buying a fund run by someone who's built a billion dollar vehicle before, at 11 cents on the dollar, with management owning 40% and not moving. The downside feels a lot more priced in than the upside does.

What am I missing. Genuinely asking.

I hold a position. Not financial advice.

Been sitting on this one for a while. Finally posting because I want someone to poke holes in it before I size up further.

$IDK on the CSE, $IDKFF on the OTC. ThreeD Capital.

Stock is at C$0.08. NAV per share is C$0.71. That's not a typo. The thing is trading at about 11 cents on the dollar relative to what the assets are actually worth. I've been staring at that number for weeks trying to find the catch and I haven't found one that justifies an 89% discount.

So what is it. It's basically a publicly listed VC fund. You're getting access to a basket of pre-IPO positions in AI, quantum computing, healthcare tech, smart city SaaS and junior gold — stuff that normally you'd need to be an accredited investor to touch at this stage. The stock is just... the wrapper around all of that.

The guy running it is Sheldon Inwentash. Ran Pinetree Capital. 150x share price in five years. Hit a billion dollar market cap. Outperformed the TSX Venture by 60x during that stretch. Exits include Queenston Mining ($550M), Aurelian Resources ($1.2B), Gold Eagle Mines ($1.5B). He knows how to find these things early. He and the board own 40.5% of ThreeD and nobody's selling.

Portfolio has some genuinely interesting stuff in it. Dynex is building a neuromorphic chip that runs at room temperature and apparently benchmarks 100x faster than D-Wave on certain workloads. AIML Innovations is doing AI-powered ECG processing for cardiac wearables, turning the data into actual clinical reports via API. InfinitiiAI does smart city water infrastructure SaaS, 96% renewal rate, record revenue last year. TODAQ has micropayments partnerships with RBC, CIBC, Google and Oracle. One Bullion is sitting on 8,000 km² in Botswana with $19M already raised behind it.

Obviously the bear case is real. Early stage means some of these go to zero. That's just venture math. Liquidity is thin and this isn't a momentum trade. If none of the portfolio companies break out then the NAV discount doesn't matter.

But I keep coming back to the same thing. You're buying a fund run by someone who's built a billion dollar vehicle before, at 11 cents on the dollar, with management owning 40% and not moving. The downside feels a lot more priced in than the upside does.

What am I missing. Genuinely asking.

I hold a position. Not financial advice.

Been sitting on this one for a while. Finally posting because I want someone to poke holes in it before I size up further.

$IDK on the CSE, $IDKFF on the OTC. ThreeD Capital.

Stock is at C$0.08. NAV per share is C$0.71. That's not a typo. The thing is trading at about 11 cents on the dollar relative to what the assets are actually worth. I've been staring at that number for weeks trying to find the catch and I haven't found one that justifies an 89% discount.

So what is it. It's basically a publicly listed VC fund. You're getting access to a basket of pre-IPO positions in AI, quantum computing, healthcare tech, smart city SaaS and junior gold — stuff that normally you'd need to be an accredited investor to touch at this stage. The stock is just... the wrapper around all of that.

The guy running it is Sheldon Inwentash. Ran Pinetree Capital. 150x share price in five years. Hit a billion dollar market cap. Outperformed the TSX Venture by 60x during that stretch. Exits include Queenston Mining ($550M), Aurelian Resources ($1.2B), Gold Eagle Mines ($1.5B). He knows how to find these things early. He and the board own 40.5% of ThreeD and nobody's selling.

Portfolio has some genuinely interesting stuff in it. Dynex is building a neuromorphic chip that runs at room temperature and apparently benchmarks 100x faster than D-Wave on certain workloads. AIML Innovations is doing AI-powered ECG processing for cardiac wearables, turning the data into actual clinical reports via API. InfinitiiAI does smart city water infrastructure SaaS, 96% renewal rate, record revenue last year. TODAQ has micropayments partnerships with RBC, CIBC, Google and Oracle. One Bullion is sitting on 8,000 km² in Botswana with $19M already raised behind it.

Obviously the bear case is real. Early stage means some of these go to zero. That's just venture math. Liquidity is thin and this isn't a momentum trade. If none of the portfolio companies break out then the NAV discount doesn't matter.

But I keep coming back to the same thing. You're buying a fund run by someone who's built a billion dollar vehicle before, at 11 cents on the dollar, with management owning 40% and not moving. The downside feels a lot more priced in than the upside does.

What am I missing. Genuinely asking.

I hold a position. Not financial advice.

Been sitting on this one for a while. Finally posting because I want someone to poke holes in it before I size up further.

$IDK on the CSE, $IDKFF on the OTC. ThreeD Capital.

Stock is at C$0.08. NAV per share is C$0.71. That's not a typo. The thing is trading at about 11 cents on the dollar relative to what the assets are actually worth. I've been staring at that number for weeks trying to find the catch and I haven't found one that justifies an 89% discount.

So what is it. It's basically a publicly listed VC fund. You're getting access to a basket of pre-IPO positions in AI, quantum computing, healthcare tech, smart city SaaS and junior gold — stuff that normally you'd need to be an accredited investor to touch at this stage. The stock is just... the wrapper around all of that.

The guy running it is Sheldon Inwentash. Ran Pinetree Capital. 150x share price in five years. Hit a billion dollar market cap. Outperformed the TSX Venture by 60x during that stretch. Exits include Queenston Mining ($550M), Aurelian Resources ($1.2B), Gold Eagle Mines ($1.5B). He knows how to find these things early. He and the board own 40.5% of ThreeD and nobody's selling.

Portfolio has some genuinely interesting stuff in it. Dynex is building a neuromorphic chip that runs at room temperature and apparently benchmarks 100x faster than D-Wave on certain workloads. AIML Innovations is doing AI-powered ECG processing for cardiac wearables, turning the data into actual clinical reports via API. InfinitiiAI does smart city water infrastructure SaaS, 96% renewal rate, record revenue last year. TODAQ has micropayments partnerships with RBC, CIBC, Google and Oracle. One Bullion is sitting on 8,000 km² in Botswana with $19M already raised behind it.

Obviously the bear case is real. Early stage means some of these go to zero. That's just venture math. Liquidity is thin and this isn't a momentum trade. If none of the portfolio companies break out then the NAV discount doesn't matter.

But I keep coming back to the same thing. You're buying a fund run by someone who's built a billion dollar vehicle before, at 11 cents on the dollar, with management owning 40% and not moving. The downside feels a lot more priced in than the upside does.

What am I missing. Genuinely asking.

I hold a position. Not financial advice.

The company had roughly $19 million in cash on its books. Nearly the majority of the entire market cap was cash.

Think about what that means in practice:

• The CEO has been buying shares above market price for three consecutive months with 45% personal ownership already
• Insiders own over 90% of the float
• Float is under 6 million shares nearly unborrowable
• All it needed was any real demand to touch that stock

With a float that tight, it was always going to move fast once momentum started. And now we are back above a dollar and climbing. The compliance issue is gone.

WHAT YOU WALKED PAST ON TUESDAY

• Market cap below annual revenue paying less than $1 for every $1 of revenue generated
• 4x forward PE while competitors trade at 15 to 20 times
• 373% year over year revenue growth already booked from a real auditable base not a forecast
• 76% revenue growth forecast for 2026 on top of that
• 55%+ gross margins inside a shipping ticker priced like a commodity boat operator
• $13.2 million operating cash flow the net loss was noise from one-off IPO costs and non-cash stock comp
• Zero debt
• The business was profitable underneath the headline numbers

THE CEO TOLD YOU EVERYTHING

His own words: "The only thing I am worried about is if I keep buying, there will be no float left."

He was not worried about the dollar compliance issue. He was buying stock. Every month. Above market price. For three straight months.

That is not how someone acts when they think their business is in trouble.

THE MODEL STILL STANDS

For anyone new here, HMR owns zero ships. It is the Uber of tanker shipping an asset-light platform earning fees on gross voyage revenue whether rates are $50k a day or $500k a day.

No capex. No newbuild risk. No steel on the books. When Hormuz gets messy, they earn more not less. When rates spike, the fee base expands automatically.

They re-rate purely on earnings growth, exactly like a software company would. There is no NAV ceiling capping the upside.

EARNINGS ARE COMING

Results are imminent. If you want to understand the business before those numbers drop, Heidmar now has a YouTube channel where the CEO explains the model directly. Worth watching before the numbers hit.

The people who did the work early are already up 30% since Tuesday.

The people waiting for mainstream awareness are going to pay a significantly higher price for the same thesis.

Still not financial advice. Still do your own research.

But for everyone who replied asking for a red flag and could not find one the market just started agreeing with you.

I posted a full breakdown on $HMR on Tuesday.

People told me it was going to get delisted. People said the NASDAQ dollar compliance notice was a dealbreaker. That was genuinely the only concern anyone could raise. Every single value point I laid out went unchallenged. The one thing the bears had was that dollar threshold.

I said then, and I will say it again now, that was never the real risk.

Here is exactly what I said at the time and why it was never a problem:

• The company had roughly 19 million dollars in cash sitting on its books, nearly the majority of the entire market cap
• All they needed was any real buying demand, and with a float under 6 million shares that was always going to move the stock fast
• The CEO had been buying shares above market price for three straight months, 45 percent personal ownership, zero sales
• Insiders held over 90 percent of the float and were not lending shares, so short sellers could not even build a position against it
• If none of that happened they had the cash to sort it themselves

Now we are back above a dollar and up 30 percent since Tuesday. The compliance issue is resolved. So that is the last bear argument gone.

For anyone who dismissed the post, here is a reminder of what you walked past:

• Market cap below annual revenue, you were paying less than one dollar for every dollar the company generates
• 4 times forward PE while competitors trade at 15 to 20 times
• Zero debt and 13 point 2 million dollars operating cash flow
• 373 percent year over year revenue growth already booked from a real auditable base, not a projection
• 76 percent revenue growth forecast for 2026 on top of that
• 55 percent plus gross margins hiding inside a shipping ticker the market was treating like a commodity boat company
• Asset light model, zero ships owned, fees earned on every voyage regardless of rate direction
• CEO's own words: "The only thing I am worried about is if I keep buying there will be no float left"

The thesis has not changed. It has just become more expensive to enter.

Earnings are dropping imminently. If you want to understand exactly how this business works before those numbers hit, the team has just launched a YouTube channel where the CEO breaks down the model himself. Go watch it now before the crowd shows up.

I am not here to say I told you so.

Actually yes I am.