May. 14 at 3:24 PM
Quick read on
$KRKNF: stock has pulled back from the March peak down to ~
$5, but the underlying business tape actually looks stronger than when it was trading higher.
Record margins, record backlog, and now 30+ UUV platforms integrating Kraken tech into real deployment pipelines. Covelya still pending, TSX uplisting still not priced in.
Market is clearly stuck on the chart.
But if Covelya closes in Q2 + TSX uplisting follows, this stops behaving like an OTC microcap and starts getting re-rated as a global subsea defense platform with real industrial adoption.
Right now feels like positioning mismatch between execution reality and market perception.
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