This interview took place about a year ago, but Ronnie is still with the company.

Starting from minute 46 of the video (a podcast discussing Amprius's battery technology), the discussion shifts from a technical description of the batteries to the current state of the market, the commercial availability of the technology, and finally to personal questions about the interviewee's vision. Here is a summary of what happens from this point onward:

• False promises vs. real products: The interviewer (Zack) expresses frustration with many battery companies that make explosive announcements about "breakthroughs" just to raise funds or boost their stock value, but ultimately deliver no actual product. He praises Amprius for having real, applied technology.
• Criticism of the battery industry: Ronnie (the interviewee, an executive at Amprius) agrees and shares his frustration with the confusion these companies create in the market. He explains that while some companies present technology that is only in the early lab stages, Amprius is already at the highest commercial stage (full production readiness) and sells batteries that work in the field.
• Can a regular consumer buy the batteries? Zack asks if a customer will soon be able to purchase their batteries (such as the 18650 format batteries) in regular stores. Ronnie answers that they already have 18650 batteries (with 4Ah capacity) and 21700 batteries (with 6Ah capacity) commercially available today. However, their model is not to sell to private consumers through sites like Amazon, but rather to sell them through partners and battery pack manufacturers.
• Skepticism stemming from performance that is "too good": Ronnie shares that when potential customers see the specifications of their silicon-anode batteries, they often don't believe the data because they are used to marginal improvements. A jump of tens of percentages in battery performance (compared to a tiny 1-2% improvement in aerodynamics, for example) is initially perceived as too good to be true.
• How the audience can follow: Ronnie recommends that listeners follow the company on LinkedIn and their YouTube channel, and try to think about which industries this technology could serve as the catalyst for the next revolution.
• Personal closing questions: Zack finishes with two personal questions for Ronnie:
  • What do you drive? Ronnie answers that he drives a fully electric vehicle from a well-known brand (but prefers not to mention its name to avoid giving free advertising).
  • What drives you in the morning? Ronnie explains that he is no longer excited about creating another battery for a phone or tablet. What truly motivates him is creating a life-changing impact on the world. He gives an example of applying their batteries in "High-Altitude Pseudo-Satellites" (HAPS), aircraft that can stay in the air for long months and provide communication and internet (like 5G) to isolated areas in developing countries that lack permanent infrastructure.
• Conclusion and thanks: The two conclude that technological improvement is primarily intended to advance humanity and improve lives, and Zack says goodbye to the listeners.

Attached is the link to the mentioned video:

https://www.youtube.com/watch?v=tC1olcTcITE

SpaceX stock (SPCX) gets all the attention right now, but the value proposition for retail investors is terrible and i don’t think anyone disagrees

So instead I went looking for adjacent bets tied to Elon’s other big moonshot, Neuralink, and found one worth flagging before that hype cycle plays out the same way…

Neurable - non-invasive brain-computer interface

• Puts EEG brain-sensors directly into headphones, no implant, no surgery required
• Already shipping: MW75 Neuro LT, $499, tracks focus, mental fatigue, brain age
• Just closed a $35M Series A (Dec 2025), total raised now $65M+
• Shifting to a licensing model so any headphone or wearable brand can build the tech in
• Already working with HP HyperX and the U.S. Air Force Research Lab
• Global BCI market projected to hit $52B by 2034

The portfolio company angle
• ThreeD Capital lists Neurable as a highlight investment in its latest investor deck
• ThreeD’s NAV per share sits trading at a 70% discount too
• Management owns over 40% of the company themselves

Neuralink still requires brain surgery to work. This one doesn’t, and it’s already on shelves.

Video: https://youtube.com/shorts/4fxEG4sgxIk?is=E\_U-sHN6gHQwrE-I

NFA. DYOR.

$IDK / $IDKFF

Shorts are trapped

My first post ever yesterday. 2nd meme post ever today.

Guess what sub is the shorts?

Wen Wendy’s back?

QNX is in 275M+ vehicles worldwide. With roughly 1.7B vehicles on the road globally, that means QNX is in about 16% of the global vehicle fleet — basically 1 in 6 vehicles.
That is a massive installed base for mission-critical embedded software.
The growth is also finally showing up in the numbers. BB’s latest quarter had revenue up around 26% YoY, and QNX also grew around 26% YoY with very high software margins. This is starting to look less like a dead phone-company turnaround and more like a high-margin embedded software rerating.
The comparison I like is: BB could be the software-layer version of Qualcomm/Nokia.
Qualcomm is the auto chip/platform giant. Nokia became infrastructure after phones. BB could become the overlooked embedded software infrastructure play for vehicles, robotics, industrial systems, defense, aerospace, and edge AI.
QNX is not a monopoly, but it looks like one of the leading safety-critical automotive OS platforms by disclosed vehicle count. That matters because automakers do not casually rip out validated software from vehicle platforms.
The space angle is also interesting: QNX is now supported in NASA’s core Flight System ecosystem. That does not mean every spacecraft runs QNX, but it adds credibility to the mission-critical software story.
Simple thesis: BB is not a phone company anymore. It is a high-margin embedded software play hiding in plain sight.

Made a more in-depth DD last week. Don’t sleep on this stock.

Not financial advice, just factual data

Ok, done, voted YES to all and sent all XXX shares of my GME!!! Just received by snail mail!! AND just in time!!! I was gettin nervous there first a tik!! Now let’s ROLL!! Sumthin sumthin 200!!! 😎😅🤦🏻‍♂️🤷🏻

Still can’t find a red flag that hasn’t already been addressed on Heidmar Maritime Holdings. So I’m posting the red flags addressed and the totally inaccurate points made (scroll down to them if seen HMR before). If you find one I haven’t covered - drop it below. I want to be challenged.

THE SETUP - BACK ON THE 200MA. AGAIN.

After Q1 demolished expectations, the stock ran hard on $13M+ volume - real institutional-grade buying on a sub-6M float. The pullback back to the 200MA? Low volume. Barely anyone sold.

• Price bouncing off the 200-day moving average ✅
• Low-volume pullback = holders not distributing ✅
• $1.00 NASDAQ compliance regained June 2, 2026 - now structural support beneath us ✅
• Price is 30% below where it should have risen from on the 450% earnings beat!
• Each time I've posted at this level, the stock has moved 40%+ from that level ✅

The people who understand this company are not selling. It is still just deeply under the radar - a household name in maritime, invisible everywhere else.

THE Q1 NUMBERS - BECAUSE SOME PEOPLE STILL HAVEN'T READ THEM

• 📈 217% YoY revenue growth - not a projection, audited and on the books
• 💰 Net income flipped from -$6M to +$2.8M GAAP profit — first clean profit in listed history
• 🔥 EPS beat by ~450% average across platforms. 1,076% on the most aggressive estimate.
• 💵 Cash pile grew to $27.6M with zero long-term commercial debt
• Acquisitions now likely - more catalysts because of the pile
• 📊 55%+ gross margins - a high-margin services business the market prices like a commodity boat operator
• ⚙️ Operating cash flow more than doubled YoY - self-funding, no capital markets dependency

The CEO said on the Heidmar YouTube channel before the quarter dropped that Q1 would be profitable and Q2 would be even bigger. He called it. He delivered. A man who owns 45% of the company personally and is buying shares in the open market does not go on YouTube and say that unless he means it.

💎 THE BUSINESS MODEL -  THE UBER OF SHIPPING
Here’s what most people miss. HMR owns zero ships. Think Uber without owning a single car.

It’s an asset-light platform that earns fees on gross voyage revenue - not on profits. It gets paid whether tanker rates are $50k/day or $500k/day. Fee math on record: 1.75% of a $20M VLCC voyage over 45–50 days = \~$350,000+ commission per voyage. CEO confirmed this publicly.
Comparing $HMR to IMPP, STNG or FRO using Price-to-Book or NAV metrics is like valuing Uber by how many cars it owns. Wrong comp set entirely. The correct comparison is fee-based platform businesses - and on those metrics, this is deeply mispriced.

It scales ships at near-zero marginal cost. No capex. No newbuild risk. No steel on the balance sheet. Asset-heavy competitors are hard-capped by NAV - in a downturn their stock collapses with ship values. HMR has no NAV floor dragging it down and no ceiling capping it. It re-rates purely on earnings growth, exactly like a software company would.

The moat is powered by eFleetWatch - a proprietary tech platform built over 20 years with real-time voyage data, tracking and performance analytics. Not something a competitor can spin up in 12 months.

THE VALUATION ANOMALY - STILL HASN'T CLOSED

Let me be blunt. After the 130% move, the thesis is somehow more compelling than when I first posted.

Market cap is roughly $68M. Cash on the balance sheet is $27.6M - nearly a majority of the entire market cap. Back out the cash and you are paying almost nothing for the operating business. That is not a typo. Acquisitions likely become catalyts now too…

A profitable, growing, 40-year-old maritime platform with Shell, BP, Aramco, Vitol, Trafigura, and Glencore as clients - and you are essentially getting the business near free once you strip the cash.

Zero debt. No leverage risk. Competitors trade at 15–20x PE. HMR trades at roughly 4x forward earnings. Maxim analyst target: $2.25. And that was before Q2 prints.

ADDRESSING EVERY BEAR CASE COMMENT - IN ONE POST (clearly most didn't read latest financials)

🔴 "Negative margins, negative earnings, negative everything"

Every screener showing ugly margins is blending three different things: the legacy MGO Global entity pre-merger, a noisy transition year full of one-off IPO/RTO/stock-comp/earnout charges, and the actual Heidmar platform. Those costs are gone now.

Q1 was the first clean quarter. 55%+ gross margins confirmed in the 20-F. $2.8M net income. Not a projection - audited. Your TTM figure is a rearview mirror on a car that has already turned the corner.

🔴 "EBITDA was 43k last year"

Yes. Full-year 2025 dragged in all the legacy and transitional noise. Q1 2026 alone printed $3.34M adj. EBITDA. One clean quarter of the new business obliterated the full transition year. Numbers are going in one direction.

🔴 "The cash isn't free cash - only $4.2M net current cushion"

This is the most detailed bear point from the last thread, and it deserves a proper answer.

The $28.1M in "other current liabilities" at a tanker pool manager is largely operational float — voyage payables, amounts owed to pool participants, deferred voyage revenue. This is standard pool management mechanics. It cycles through as voyages complete. It is structurally similar to how a payment processor holds funds in transit that appear as liabilities. It is not cash burn.

The $30M non-current liabilities are operating lease obligations under IFRS/ASC 842. Not bank loans. No covenants. No refi risk. Covered by operating cash flow in Q1.

The correct statement is: $27.6M cash, zero long-term bank debt, operationally profitable, self-funding. That is accurate.

🔴 "Zero debt is misleading - there are $40.9M lease liabilities"

This conflates lease obligations with financial debt. They are not the same thing.

Operating lease liabilities = contractual payment schedules for chartered vessels. Part of the operating model. No lender can accelerate or trigger a covenant. Q1 cash flow covered them comfortably. "Zero debt" specifically means zero interest-bearing bank or bond debt. That is correct and has never been disputed.

🔴 "55% margin is promotional - one good quarter doesn't prove anything"

Fair pushback, and the most honest challenge in this thread.

The 55% gross margin refers specifically to the Heidmar commercial management fee business - confirmed in the 20-F, stated directly by the CEO on record. It is not the full-company blended number.

One quarter does not prove durability. Agreed. Q2 is the test. The CEO has guided Q2 publicly and pre-emptively. He called Q1. He delivered. Q2 is when this becomes a trend, not a fluke.

🔴 "Dilution machine - B. Riley ATM"

The facility exists. Actual issuance to date: ~260,000 shares. Less than 0.5% of total shares outstanding.

A backstop facility barely touched by a now-profitable, cash-generative company is not a dilution machine. If management starts hammering it aggressively, that changes the story. Why would they now the business is underway and in no need of support?

So far, the share count has been remarkably stable since listing - which is actually unusual for a microcap in this situation.

🔴 "NASDAQ delisting risk"

HMR regained Nasdaq compliance on June 2, 2026. Press release is public. The notice is resolved.

$1.00 is now structural support, not a cliff edge. The bears who called this a dealbreaker were wrong. It is done.

🔴 "CFO just left - management chaos"

This one keeps coming up, so let's be clear about the timing: the CFO departed after Q1 was filed, not during it and not randomly mid-quarter. That matters. She left on May 31, 2026 — after the company posted its first clean profitable quarter in listed history.

That is not chaos. That is someone who helped get the business to a clean quarter, decided it was the right moment to move on, and left on their own terms. CEO Pankaj Khanna is covering finance during the search. The company explicitly stated no impact on financial reporting was expected. It is on the watchlist - not the dealbreaker list.

🔴 "Reverse merger + massive dilution"

Half right. Yes - Heidmar went public via merger with MGO Global. That is the listing vehicle.

"Massive dilution" - no. Post-RTO actual issuance under B. Riley has been ~260k shares. The merger deal structure itself involved share exchanges, which is how every RTO works. Nobody calls ARM Holdings a startup because it IPO'd recently. The listing method is not the business. Judge the 40-year track record and current numbers.

🔴 "If it's asset-light, why is cost of revenue 75% of revenue?"

Because most screeners are still pulling blended 2025 data that mixes legacy operations, IPO/RTO costs, non-cash stock comp, and earnout accounting into one ugly number.

The underlying Heidmar business runs at ~55% gross margin - confirmed in the 20-F and Q1 actuals. Q1 2026 is the first quarter where you can actually see the clean platform: $18.35M revenue, $2.78M net income, $3.34M adj. EBITDA. That is the business. Not the screener snapshot.

🔴 "Low volume penny stock - thin exit risk"

Low volume cuts both ways. On the way up, $13M+ traded in the post-Q1 run on a sub-6M float. On the way down, a whisper. Real selling pressure on a float this tight would have shown up clearly in volume. It didn't.

Low float is not a bear thesis. On a stock with positive momentum, zero meaningful short interest, and improving fundamentals, a tight float is asymmetric to the upside. The 130% run already proved that.

🔴 "Shipping drones will make this obsolete"

You can carry a 300,000-tonne VLCC of crude oil via drone in 50 years if the energy to do so doesn't cost more than the oil itself. Let me know how that goes lol

WHY THE BUSINESS MODEL EARNS IN ANY ENVIRONMENT

This is still the most misunderstood part.

HMR earns 1.75% fees on gross voyage revenue. A single VLCC voyage at $20M over 45–50 days = ~$350,000+ to HMR. Per voyage. No capex. No steel. Zero ships owned.

• Rates go up → voyage revenue goes up → fees go up
• Rates go down → HMR still earns on the activity → owners feel it, HMR doesn't
• Volatile markets → longer routes, more ton-miles → higher voyage values → more fees

Comparing HMR to STNG or FRO on price-to-book is like valuing Uber by how many cars it owns. Wrong comp entirely. This re-rates on earnings - no NAV ceiling, no NAV floor.

The moat: eFleetWatch - a proprietary tech platform built over 20 years. Real-time voyage data, performance analytics, tracking across every vessel and route. Not something a competitor replicates in 12 months.

🌊 THE MACRO - AND WHY HORMUZ IS THE ACCELERANT, NOT THE THESIS

People keep saying "what happens if Hormuz opens." Here's what they're missing.

The CEO highlighted in a recent interview that Japan, China, and Asian nations importing 50–70% of their oil from the Middle East will now diversify supply routes regardless of any peace deal. That diversification means longer routes, more tonnage per mile, more voyage revenue, more fees for HMR. The oil tap cannot be turned back on instantly. Confidence in those routes will never fully return. Even if peace deals hold - and look at the track record of those deals - the structural response from buyers is already in motion: route diversification permanently expands the volume and value of voyages HMR manages.

And the underlying tanker cycle has nothing to do with Hormuz. The CEO is on record: 18–24 months of upside remaining. Structural undersupply of newbuilds, fleet age dynamics, and the restocking demand window are multi-year tailwinds entirely independent of any single geopolitical event. Hormuz is the accelerant. The thesis runs with or without it.

THE CHECKLIST - STILL INTACT

• ✅ Market cap ~$68M with $27.6M cash - nearly half market cap in cash
• ✅ Zero long-term bank debt
• ✅ 217% YoY Q1 revenue growth - audited
• ✅ Net income +$2.8M - first clean GAAP profit
• ✅ 55%+ gross margins
• ✅ CEO guided Q2 bigger - on record, publicly, pre-earnings. Delivered Q1.
• ✅ CEO buying above market, zero sales, ~45% personal ownership
• ✅ Float under 6M shares, ~0.3% short interest
• ✅ Fleet scaling toward 65 vessels - dual-growth dynamic (earnings + multiple expansion)
• ✅ 30 newbuilds in pipeline - each is near-zero cost to HMR, each is a news event hitting a tiny float
• ✅ 40-year track record - Shell/BP/Aramco/Vitol/Glencore/Trafigura Clients
• ✅ eFleetWatch proprietary platform
• ✅ NASDAQ compliance regained June 2, 2026 - $1 now structural support
• ✅ 200MA confirmed support - bouncing off it right now
• ✅ Low-volume pullback = no one selling
• ✅ Each prior post at this level produced 40%+ move - I haven't posted in a while
• ✅ Maxim analyst target $2.25 - before Q2 prints
• ✅ Acquisitions likely as cash pile grows - not priced in at all

HOW I'M PLAYING IT

Still holding full position from 80-95c. Have not sold a single share.

• 200MA on the daily = strong entry or add point right now
• Q2 earnings = next major catalyst - CEO has guided publicly and aggressively
• If we get an extended run toward $2.25 - $5 analyst range, take measured profits after consecutive red days - do not sell the first spike to avoid missing run
• The earnings dump playbook gets harder to run every quarter as the fundamentals get cleaner. Q1 already made it look tired. Q2 is going to make it look embarrassing.

What red flag am I still missing? Drop it below.

Not financial advice. Do your own due diligence. I hold a position in $HMR from 80–95c.

EPIC company trailer: https://youtu.be/Bl1rIe_JxwI?si=qDaPH7PRRdRqB9FY 

Tesla potentially going to 440