Jun. 2 at 11:33 PM
2026 Net Balance Sheet =
$13K vs. 2027 Predicted Net Balance Sheet =
$3.3k = P/B
$131.81.
The P/B has been climbing while the Net Balance Sheet has been declining the last 3 yrs, but the P/B never been above 32. Its currently 30.86.
The loan term agreements with Heerema & the Indian Tribe puts a ceiling on the stock price due to dilution.
The future revenue & profitabity is compelling, but interest rates are high, gross margin is horrible & regulations are still a hurdle.
I sold calls to exit at
$5. if the price falls below
$4.05, i'll do a technical analysis to determine holding or bowing out