RE:Nano One is down 70.95% year-to-date (since January 1, 2024) Wow the math checks out. Nano One January 1, 2024 traded at $2.40 per share. Ironically at that time all the message boards were furious claiming Nano was unfairly valued and likely being manipulated to keep the share price at that low level. Amazing to think of Nano trading at $2.40 and people thinking that was a low share price. That would be a market cap of $264 million CAD on January 1, 2024. For a company that has no business just an idea for a business. I think by any standard $264 million CAD would be considered a very fair valuation.
Today we trade at $0.70 CAD. So that indeed is down ~70% since January 1, 2024. I would certainly agree that $0.70 CAD is undervaluing Nano One. By how much I am not sure. But certainly happy to buy at these levels which are pricing in the upcoming significant dilution event.
The upside today is that we are pricing in the upcoming significant dilution event but not acknowledging the news that would accompany that dilution event. Nano would only issue another 110 million shares to raise money for a plant. So that would be a great update to balance out the dilution of doubling the share count.