Not a bad place for play moneyWhat's not to like? Reasonable float with large insider percentage turning out intellectual property protected portable batteries ....with solar powar installation business .....
Picked up 1000 in each of 3 accounts..2 RRSPs and on TFSA. $1260 total with $30 in brokerage at RBCdirect.
Not a lot of money but .42 psACB has room to grow with seeming support at .38, .39.
New USA distribution, Parry Sound facilities starting fall 2024 I believe and latest battery IP grant bodes well for what technology they can protect . Young smart CEO engineer visionary business driver lives on a boat.
If the USA business does well over the next few years and Parry Sound pays off as a manufacturing location, each of those three those 1000 share lots at $420 each do well to grow to outperform returns. with one lot in a TFSA for a tax free bonus.
HPSS is part of my play money portfolio.to declare my dog in this fight.
This is investments outside my primary holdings in monthly income investments. At my age of pending RRIFing out in several to sooner years led me to the strategy of creating cash flows for my pending payouts.
This play money is early interest money in a recent IPO
Fundamental valuation indicators are all still meaningless
I have a total pool of play money at cost of $30K that is underwater by just under $8K that I am actually optimistic about.
The HPQ\PYR combo is a big part of that, the. BRAG, HEAT, EVGN, and FIT
HPQ and PYR are all about quartz refining and plasma torches while HEAT is ac\dc power switching technology. EVGN is biowaste to usable gas while FIT is a beverage and gummy brand.
These are the other dogs in my fight
It is all in the story and execution of what is possible ...in this caes portable power charging and storage and generation and applications ..for importand industries served by HPSS that include defence, mining and construction.....to scaled down versions for less demanding uses.