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INVESTING IN A SUSTAINABLE FUTURE | ADURO C-SUITE INTERVIEW
Recorded: Sept. 29, 2025 Duration: 2:08:27Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored various growth opportunities in the market, highlighting standout performances from stocks like MSOS and RYM in the cannabis sector. The conversation emphasized the importance of strategic partnerships and market trends, with participants expressing optimism about the potential for significant returns amidst evolving market dynamics.
Full Transcription
Thank you. Thank you. What is up, everyone?
Welcome in.
Welcome in.
It's Wolf Financial.
It is Monday evening, September the 29th, 5 p.m. Eastern.
And like we do every Monday at 5 p.m., we do our stock picks for the week show one of the
longest running shows that that is on spaces I think in general is what I've been told so
it's it's great we have a great crew we come on here we talk every Monday about markets we start
off do some market sentiment talk about last week's picks a little bit go around the panel
and then we come back in the back half of the show. Each stock picker gives two picks, and we go from Tuesday's open, so tomorrow's
open, through the following Monday's close. That's how we run it here, and let's dive in a little bit
here and get the stock picks going. Let's take a review. Last week, the market got us, guys.
We were on a good streak.
The market got us last week.
As a collective, we were down 0.72%.
The market itself, since last Tuesday's open, down 0.12% on SPY, 0.14% on QQQ.
So really a flat market.
We've got a lot of bulls that come in here and take their shots at things.
So that's a little paper cut, I guess, in the overall thing.
But we've been absolutely crushing it.
We have a few people that still did a great job last week and beat the market.
One, head and shoulders above the rest last week, is Mr. Real Pristine Capital.
Andrew is our current champion, 9.93% return.
He had MSOS at a 19.73% winner right there.
The second place finisher was StockSniper.
We'll see if StockSniper is able to join
from wherever in the world he's at right now.
He had a 2.31% return.
KTUP, K-T-. KTUP was his best pick, 8.37%, also our second best pick of the week. And third place was Mr. Knott's Bull Trade Finder. He sent a message,
he'll be here shortly, but 1.7% return for Knott's. 6.51% on OSCR Oscar Health was his best pick and our third best pick of the
week. A couple of honorable mentions here just because it was really close. 1.56% return from
Nick Drendel was just barely outside of the podium. And Sam Solid also beat the market.
1.12% return just slightly off the podium himself. So boy, that second through fifth place was a
dead heat this afternoon. I was watching it come down to the wire there. So some good stuff. Let
me make sure I get Andrew back up here on stage. Boom, there he is. That's enough for me. Let's
jump into some market sentiment thoughts here. We've got some great panelists that have joined us
up here for the evening. So I'm excited to see what everyone's thinking about these markets.
Obviously, we've made a nice little bounce back from the dip that we took last week right into some major moving averages.
I know most of the technical people will see that, kind of tested that FOMC low on the S&P
and have been bought up since, gapped up into the open today and just faded a
little bit, but stayed above Friday and last, I guess, the end of last week. So that's kind of
where we're at. We do have this government shutdown that's kind of looming. So maybe some people
caution around that, but we'll see what everyone has to think here. So let's kick it off with our
current champion, Andrew. Andrew, market sentiment thoughts,
sir. Congrats on the win. And boy, MSOS, if you want to touch on that news as well,
I would love to hear your perspective on that piece. And then yes, we'll jump into market
sentiment. Yeah, sounds good. And so in terms of the market, I'll just keep my market piece
super brief. We're just in a bull market and stocks are going up every day, even when the
indices are not really doing a whole lot. There's been groups that have been awesome to trade.
Like there's the data center stocks, the AI stocks, China stocks have been awesome.
Now cannabis is starting to move, which is really cool. So yeah, there's just been a lot of
different groups. The only thing I will say on the market is the VIX and the VIX are both up pretty big today,
even though the S&P 500 was also up. So that could be some people, as you had mentioned,
hedging in case we get a government shutdown. Those typically don't end up being huge negative
events for the market, but could it spark some volatility? Absolutely. So yeah, just have to be
cognizant of that. And then yeah, in terms of the cannabis
stuff, this was pretty freaking awesome. So the president of the United States posted on Truth
Social a video all about the endocannabinoid system and the benefits associated with hemp
derived CBD and medical cannabis. So to me, like I've been on these spaces for like the last like three to four
months, picking MSOS every single week on this rescheduling catalyst. So one week you don't pick
it double. Exactly. Yeah. So that's, that maybe was the tell right there. Um, but yeah, so it's
awesome that we got that headline. that headline and really just that video,
because it just shows the president, when he was on the campaign trail, he posted,
hey, I'm in favor of medical cannabis. I'm in favor of clean, regulated, tested product.
And he said that was part of his platform that he would get it done. For whatever reason,
nobody believed that he was
actually going to follow through on it. So that's where I think there was just this huge disconnect
in the market where no one was really discounting it. But yeah, bottom line is cannabis is a
potential trillion dollar global market. We already have medical cannabis programs in over 40 of the
states. We already have recreational cannabis in 25 states.
We already have hemp-derived cannabis, which was legalized nationwide via the 2018 Farm Bill.
So this, to me, seems like a no-brainer. They could put a federal excise tax on cannabis,
and the United States could become an exporter to the world in terms of cannabis. And then the other thing that they mentioned in that video is the health benefits associated with CBD. So yeah, there was a study
that just came out today and it was showing that there's benefits of THC in terms of lower back
pain. There's cancer patients that benefit from this stuff. There's veterans that benefit from it.
And one of the key distinctions for a schedule one drug is that it can have no accepted medical use. And the proof is in the pudding. We
already have 40 medical cannabis programs in the country. So it's a clear violation of that rule.
This thing should have been on schedule three or even descheduled a long time ago.
a long time ago. But yeah, so we're starting to see those stocks moving, which is awesome.
But yeah, so we're starting to see those stocks moving, which is awesome.
So my picks again for this week, I'm going to go with the MSOS ETF. And then I'm also going to go
with a different ticker symbol this week, which is RYM. And RYM is a stock that I picked up a few
weeks ago. And RYM is incredibly illiquid. The share flow is so low and the average daily volume
is so low. But Rhythm is a spinoff from the biggest U.S. cannabis company, which is ETBIF.
They spun off this brand Rhythm. And Rhythm does hemp-derived THC beverages. And they also do edibles and a bunch
of other really cool stuff. I use all of their products. So I believe that if this cannabis
theme gets going, I think Rhythm could end up having like a meme squeeze move. So maybe that
happens three months from now, six months from now, but that's my second pick for tonight, RYM.
months from now, six months from now, but that's my second pick for tonight, RYM. So yeah, for my
picks, MSOS, the cannabis ETF, and then RYM, that spinoff hemp-derived beverage company.
There you have it from the current champion, MSOS and RYM. And Andrew, I know you always,
we appreciate you joining. I know you have to dip out a little bit early some of these
nights. So always love getting your picks here in the front end do you have any concerns in the
market just just in general on the market sentiment side I mean between the shutdown
between the other stuff I mean it seems like is it just another dip buying opportunity I'm just
curious in the overall big picture like it are you do you have like a little yellow alert going
off or are you just like hey I'm just waiting it out staying big picture, like, are you, do you have like a little yellow alert going off or are you just like, Hey, I'm just waiting it out. Staying with the,
the hot names and themes that you mentioned. Yeah. The only concern that I have is I saw a
stat today and I re-shared it on Twitter and it was, it was a chart showing like the five day,
uh, option volume for retail investors. And this chart was pretty much just showing that retail
investors over the last five days, they're buying just like an absurd level of call options that
really is pretty unprecedented. So for me, when I see that, I always just reduce my leverage in
my portfolio if I have any on, like if you've been making nice leveraged gains in this market,
if I have any on, like if you've been making nice leveraged gains in this market,
either by being long high beta stocks or using options, um, that's, that's great,
but yeah, you could lose it all if the market goes down. So yeah, that's the only concern I have.
There you have it, Dan. So all the music's playing is what I think I took away from that
more than anything. Andrew, appreciate you sharing your thoughts.
I don't think we have a stock sniper or second place finisher.
So let's go to our third place.
And that is, well, Sam's got a hand up.
Sam, is there something you want to add on there?
I apologize.
I actually have to drop.
Do you guys mind if I just go real quick?
No, go for it.
No, we cannot.
Okay. You said no, do not?
Yeah, do not.
You do not. I do not. Okay, well, I'm probably not going to pick your picks. Your picks are probably going to be mine anyway.
But for the most part, I mean, I do kind of agree with Andrew. The market's running pretty high lately.
But also on top of that, we saw the NAIM exposure also coming around 86, which is a little bit above average,
but you still have sentiment on the other side with the AAIM sentiment survey,
showing people are like just somewhat neutral. I don't really like the CNN fear and greed index.
I mean, that's less of a sentiment and more of actual technicals in the market. That's like around 50,
55 levels. So not overly bullish, but we had basically a fake breakdown last week. I mean,
I even expected to break down. A lot of people expected to break down. But even after today's
rally, we still do see a lot of mega cap companies that are trading below their 50 and 20 MAs. So
not entirely bullish. I don't think we're out of the woods yet, but we had quite a good
bounce from, I guess, oversold levels, which I'm a little bit surprised about as well. But yeah,
we had a decent bounce into it. And there's even a few names like Robinhood, obviously,
everyone probably knows about that one is up like 12% today on the back of the hood contracts as
well. Iran Limited is actually up a good amount today and i thought a lot of these miners
were going to take a breather uh after last friday seeing a bit of a pullback but no they recovered
right back to where it was today iran didn't make a new all-time high but it's pretty close to its
all-time highs crypto bounce so bmr bounce of course um but yeah so my my picks um i apologize
if one of you guys are supposed to go before me,
we're supposed to make your picks before me, then you can go right and take precedence on it.
But my picks are going to be CleanSpark. I'm going to choose CleanSpark again. And I'm also
going to choose BMNR. And the reason why I'm going to choose BMNR is because we're seeing a
bit of a bounce off Ethereum here. But it did trade off some pretty oversold levels.
But we are still a little bit of ways away from the 50-day moving edge for Ethereum.
If we do recover that, then I think we're going to quickly recover to all-time highs
in Ethereum.
And that should definitely give a boost up for BMNR.
I don't want to go into too many fundamentals about that one, but that's really going to
track Ethereum for the time being.
And CleanSpark, there was some news the other week that they are getting into the data center
advanced hypercomputing space, which is overall bullish for a lot of Bitcoin miner stocks. But
this one was probably one of my favorite miners out of all the out of the big leaders, which was
Riot, as well as Mara. Excuse me.
Excuse me.
And probably the most attractively valued one.
So I will be interested to see how this one goes.
I would have chosen Iron, but I mean, I just feel like that one has priced in a lot.
If Bitcoin does continue to go up, then you're going to definitely see a lot more upside with CleanSpark than you would with Iron, since Iron is already diversified.
So yeah, I'm willing to see those two ones and appreciate you guys letting me go. I'm going to
drop. Okay. Thank you. Perfect. Appreciate you sliding in Sam before you had to run out.
That's CLSK that he's running back. That was your best pick last week. 3.7% got you up there
in, in the range of the podium, got you up there positive, and then BMNR and a great rundown.
I appreciate that.
Would love to get some additional thoughts, but of course, I know some people have to run here.
Actually, Knott, you were third place, so we'll follow the pecking order here.
Knott, let's go over to you and see what your market sentiment thoughts are.
What are you seeing in the market overall
on the market sentiment side of things?
Where are you finding pockets of opportunity
and any concerns or anything that you have?
Yeah.
So, you know, VIX again today
rising with the possible, you know,
talks of government shutdown.
Over the next few days, government is talking, trying to figure out what they're expected to do on that end,
if they're going to solve any issues they have or if they're not going to solve them, it's going to be extended there.
It seems like the biggest thing they're talking about is that Affordable Care Act that we've talked about many times, as you have heard me talk about it many times over the past couple
of weeks. That's a big part of one of their talks when the government shut down. It's interesting.
Again, VIX was up today. Market did pretty good today. I mean, from the open, it was down, but, you know, gap up still.
Overall, you know, tech did pretty decent, you know, mostly all were green just about.
Again, just kind of taking it by ear.
I have no clue what's going to happen over the next few days, but, you know, the potential government news.
So, you know, just trading appropriately, trading the trend that is given to me and kind of following through with that.
On the Oscar stuff, just I know I've heard you say it, but just in a different audience here, in case somebody had the question, what is the deadline?
Is there a date? Is there a certain deadline?
I know you've mentioned the catalyst on that a little bit, but what's the kind of date range or expected time frame you're looking at on that?
Oh, for the ACA stuff?
The ACA stuff, yes.
Well, that's actually a big part of why the government is possibly going into a shutdown.
That's one of the main focal points that they're discussing on both ends.
So, again, if everything is good and we don't shut down,
that should be kind of known today, tomorrow, or Wednesday.
And then if the government does shut down or they don't come to an agreement,
I think it would be within the next four weeks, probably on the shorter end,
but next four weeks.
Regarding that ACA stuff, because November 1st is the opening date
for new members, what's it called?
Signing up for new memberships for healthcare.
I can't think of the exact term, but yeah.
But yeah, that's a big focal point
on that government shutdown.
Yeah, I appreciate that.
I knew it had something to do with it,
but that connects a lot of dots, I think, for a lot of people.
So definitely very interesting.
Obviously, Oscar made a nice move last week.
It seems like people are hoping that that goes through.
And obviously, I think most people are probably hoping
the government doesn't shut down.
But either way, that's interesting. Nodds, we'll come back around and get your two picks here
in just a little bit. I want to go over to Nick Drendel next, and then we'll hit PB. Nick Drendel,
what are your market sentiment thoughts? What are you seeing out there? And you know what's funny?
I know you picked MSTV. I was with you on the crypto short. It played out really nicely. It just happened to come all the way back like last night into today or we would have been doing decent.
Yeah, a little disappointing giving some of that back, but still in a downtrend, still below the 200-day moving average, which is in a downtrend, still lagging Bitcoin. I don't really see much strength out of MSTR, even though we've had a
little two-day bounce here. As for the market, we could not have asked for better action over the
last two and a half days after that gap down on, what was that, Thursday? Thursday, little gap down,
accelerated move down in the morning, kind of having that like two days of red and then a panic morning.
And then buyers stepped in once again because positioning is still not overwhelmingly long.
One of the speakers already talked about an AAIM only at 86.
Usually over 95 is kind of the threshold where things get a little bit tricky and it can go over 100.
I think it's peaked at like 118 before, but usually 95 is where the market gets a little bit tougher because the majority of people are already long.
Looking at the commitment of traders data, the COT, and we did get a little bit more long on the NASDAQ, still not at the overbought levels that it was at
in August. They're still net short the S&P 500, even though the positioning ticked up a little
bit long. And then we did see quite a bit of unwind in the Russell 2000. They were extremely
short that coming into the last week, and they did unwind quite a bit of that positioning, but they're still
net long the Russell, or sorry, excuse me, net short the Russell 2000. So with that in mind,
the only thing that I kind of worry about is if we see market leaders break down on volume through
key moving averages, and if the indexes have unfilled gap downs that sustain for
more than a day or two. And we really haven't seen that. We had the gap down on Thursday that
the S&P 500 covered by Friday. The NASDAQ covered it by today. ARKK, which is kind of a risk on,
risk off indicator for myself, made a new 52 week high today. Great response off
the 21 day or the 20 day EMA last Thursday. Could not have asked for better action there.
And then some of the market leaders that got like pretty parabolic like BE had three days of pretty
rough selling and then has snapped back into the five and the 10 day moving averages. But the rest of the leaders that I kind of track on a daily basis, it's
just a subjective list that I have, but they're all acting still extremely well. NBIS, Tesla,
Robinhood, you saw make new highs today. So really the three warning signs that I look
for before getting too bearish is, do we have unfilled gap downs on the indexes where sellers are sustaining their selling pressure? We don't yet. Are leaders breaking down on above average volume below key moving averages? For the most part, they are not. And positioning is not overly bought. So until at least one of those are like flashing a warning sign, I think the trade is to
the long side until positioning really capitulates and everyone just goes long into the kind of the
parabolic move here. Now we couldn't have breaking news and that changes things, right? But really
you're going to have time to manage your risk. If there's
breaking news, like the S and P 500 is not going to be down 10% in one day. And it's
thoroughly not going to open up down 10%, even if we do get like a catastrophic sell-off,
you'll have time to manage your risk. So for me, until one of those things happen,
I am still playing on the long side for the most part.
I've taken a couple of shorts like here and there with MSTR, QUBT, stuff like that to just
like even out my positioning or not even even out, but just like start to dip a toe into some
things that I think could roll over. But for the most part, the longs are paying, the shorts are frustrating.
So until that changes, I think you have to stay bullish.
Is there any like certain areas? I mean, we see some of these names that are high flying.
Is there any like rhyme or reason to some of this or does it just seem like
one day this sector goes, one day this sector?
I'm just picking your brain here a little bit.
Yeah, I mean, in a bull market, you're going to get rotation.
And that's kind of how bull markets go.
Things that have gotten extended, they'll consolidate while a different group kind of breaks out of consolidation.
They'll run for a couple of days.
There are pockets of the market that are extremely
weak. Like any food stock, you could take a look at Cava, Chipotle, SFM, Sprouts market, even Costco
is just now like basically at the start of a stage four downtrend. So there are weaknesses,
like if you want to play on the short side, but really like we're in a momentum market, positioning still not overly bought. So the most fun that you're going to have is trying to play the next group that breaks out of any consolidation until we see like a snap in momentum and we're just not there yet so keep track of like individual groups like right now
the cannabis theme kind of feels like the next one to to get going here props to andrew um
so just just keep on playing momentum with stops uh but the trend is up uh we're in a
bull market indexes are right near highs. Try not to overcomplicate it.
I think that really smart overall, but that last piece that you just said, I think resonates very deeply and people should definitely pay attention to that. I think too many people
do start to overthink and overcomplicate in a raging bull market sometimes. So
I love that
piece there. Nick, we'll come back around and get your two picks here momentarily. PB,
great to have you on the show with us again. Welcome back. I want to start off with your
market sentiment thoughts. What are you seeing in the overall market and what pockets or names
or sectors are you finding some value in out there? What's up, Wolf? I hope all is well. I know I haven't been on here in a while, but I had some
free time, decided I'll come pop on and hopefully I'll start hopping on these every single week.
But the way I'm viewing the market right now is I'm very bullish still. I mean, we're basically
flagging at all time highs. And what I like to incorporate is the rule of threes. So what is
the rule of threes? The way I view it is, so when you tap a level twice,
the third time is usually the time that it breaks.
So Spy is going to be approaching all-time highs almost a third time here very shortly.
I think if we do that and we break through it,
we can see a really nice move up to like 670.
So I'd be looking for that.
As far as the pockets of name I'm watching,
I know I still like quantum names.
I still think they're flagging.
I think I'm a little bit late.
But the way I kind of like doing trading lately was I'm not trying to find the next group that's going to go.
But I've kind of been milking out the move that I've already been going.
So I like quantum names.
I also kind of like some of these brokers.
So I could bull. i like a lot i also
think crypto names could start to go here very soon um they've been consolidating they have a
lot of gaps and i think if they can get into these gaps i would like them a lot but yeah what i don't
other thing i like to see is like all these dips in the market are just getting right bought up and
they're creating a lot of hammer candles and like double loads so for example as we could see back on spy august 21st to september
2nd how we kind of had that same move that we just had from september 17th to september 25th
and after that move we had a really really nice rip so i'm interested to see if they're going to
do that again as well as if you go back again
july 16th to august 1st we had that little like um those two candles bounced the same exact
level and then we had a huge rip so same thing august 21st to september 2nd and now we do the
same thing september 17th september 25th so i wouldn't be surprised if we get ready to see the next leg in the market
here and I'll be here for it. But with that being said, it doesn't matter what I think and it doesn't
matter what really any of us think, the market's going to do what it wants to do and we just have
to react. So that's my thoughts on the overall market. Yeah, price action is always key there
or king as they say. A couple follow-up questions,
because it's great to have you on. I want to get some of your continued thoughts here.
Sometimes as simple as some moving averages catch up and you get a couple days dip and you just buy
it. Is that kind of what you're seeing? Because when I look at SPY or QQQ in the broad market,
just on a daily chart, we get a little extended
above some short-moving EMAs. If you use a 921, for example, we get a little extended above that
and it cooled off a little bit. They catch back up. Maybe we get a bottom wick and then the buyers
just show right back up. Is that part of your thesis? To be honest, I look at the 9 EMA a little
bit, but I'm more of a price action guy. So I look at these key levels, really psychological levels.
So what I like to see is I like to see how we react to levels.
I like to see if buyers or sellers are controlling us at these levels.
And I like to see resistances become support.
And when I really start to see those resistances become support, I'm seeing buyers overcome these sellers.
And it's indicating
to me that, you know, future upside is coming. So I'm more of a price action over indicators.
But I do use the EMA, you know, when it gets extended from the EMA, I'll sell and, you know,
wait for a tap on the EMA. And we're looking really nice in the EMA right now that I look at.
Yeah, I hear you on that. And, you know, like,
for example, SPX the other day came into 6700 first time psychological level, you get there,
it stops the next day, that's exactly where it rejects, pulls back a little overextension.
Makes perfect sense, right? And then when you look at that, you just go and if you're on SPY,
it's basically the same thing, 667 and change change, I think, is where we were at.
A little bit different.
But you're looking at the same thing.
It was 6.67, basically.
We came back down.
Where's the next level of support?
While we fell through one of them, we got some continuation.
We went straight to the next one, 6.54, 6.55 area, and we're bought right back up.
One thing to keep in mind is none of these moves are random.
Like, SPX didn't randomly reject that 6.700 for reason no it's because it's psychological level there's order blocks
yeah makes perfect sense and then uh the other piece you mentioned some of these
hot sectors um is that something that you really like to you know find an opportunity in
when you talk about crypto names that are rifting or quantum.
And you're saying, hey, the price action's here, the levels are here, and the momentum is here.
So that's where I'm going to go hang out.
Yeah.
I mean, for me, I like to find stocks with relative strength and relative weakness.
So I don't really trade the indexes a lot.
I just, you know, for my strategy and my system,
I have more of an edge finding a stock that's super, super strong.
Because what ends up happening is when the market pulls back, the stock with relative strength will pull back less.
And when the market's hot, my stock that I find with relative strength has a pretty nice upside move.
So I like to focus on those names with extreme relative strength and extreme relative weakness, and I trade them on retests.
Boom, there you have it.
PV coming in, dropping a master class of just keeping it simple making
money in the market right there we'll come back around and get your two picks for the week great
to have you back on jordan got you up here co-hosting with me tonight jordan this market
resilient teflon some would say uh what are you seeing and i i love getting your perspective
because you approach it a little bit different on on really those big time frames a lot of times.
I'm curious, what are your thoughts on this overall market right now?
Jordan?
Wow, the coldest show there.
Unbelievable.
Well, Jordan, not around right now.
We'll see if I can bump him and get him up here.
There he is. Now he's back.
Jordan, I was just saying, your perspective, the way you trade and your perspective,
I always value that whenever I'm doing my confluence as well.
And I'm curious what you're seeing here in the big picture of things with the broader market, how it's going. So from a technical standpoint, what you're seeing, and then of course,
if you have any other comments on market sentiment. Yeah, well, I mean, I'm not going to be the one
to jump in front of it. So I got to stay bullish. And I know, Emp, we were looking at some big daily
spots that me and you were just drawing out on NQ. And I had clear spots that, you know, if we want to really run through and get some real continued downside,
I'm happy to kind of flip my thoughts to, you know, continue more downside.
But we just haven't seen it.
Every time the Bears have a chance, they give it up and they don't succeed, right, every time.
So if we're just going to keep seeing that, that's fine with me.
I'm going to continue to be pretty bullish.
Obviously, there's going to be pockets of opportunity to grab a little short here and there.
For the most part, it's a tough trade right now.
It's not working.
I just want to stick with what works.
The longs have been working.
have been have been working of course like i said there's going to be pockets of opportunity to like
Of course, like I said, there's going to be pockets of opportunity to grab stuff short.
grab stuff short but until we're until we're running through you know order flow on a daily
on a on a weekly i just don't i don't care about any little downside we get that's just going to
set us for us that's just going to set us up to continue along so i'm pretty bullish doesn't mean
i won't play some downside you might hear me come on next week and be like oh I played a bunch of downside last week whatever but um it's just a matter of really what's happening now and on that
higher time frame and as of now we're just still respecting and continue to see this dip get bought
so I'm gonna keep rolling with that but when things change I'm ready to be here I'm ready to
switch my thoughts it just it ain't happening yet. That's how I'm feeling. Honestly, going into the week, too, is pretty light for me.
I didn't even trade today.
I'm pretty antsy to get some trades going.
But I'm just going to kick back this week and see what opportunities we get.
But that's how I'm feeling.
You talk about these bigger time frames.
I mean, looking at a weekly chart,
and we haven't taken
out a previous week's low in like four weeks exactly yeah does that make you think like
like it should happen soon at some point we'll tap into that or does it say like okay hey the
trend in the market itself is obviously strong you look at qqq and spy both or even if you're a futures trader you look at it in q and
uh yes basically last week we did make it barely to the previous week's low we didn't really break
it i don't even think we we actually whipped beyond it and here we are four weeks in a row
we just keep pushing higher yeah that might be a tell for uh for when things finally do come in
you know what i mean if we
finally take out that previous week low i know we do that with like previous day highs and lows all
the time um amp and it's the same thing on a weekly candle right it's no different so i won't
be surprised if we see something like that but um but i'm with you yeah it's like you know on that
higher time frame i think we just got to keep following the trend when the dips do come. Like every time we get a leg up, we're creating spots to be retested every time.
Like that's what the market is doing consistently. Right.
And so that's where I every time it's just like, OK, I have my zones.
If bulls respect it, I have to continue to go that way.
And so that's how you have to do it, I think right now on that higher timeframe. And of course at all time highs, it doesn't really make it any, uh, any more fun,
uh, especially early in the morning when you just wake up and all those previous day highs and,
you know, overnight session levels are already taken. It's like, where's the trade? There really
isn't anything. Right. So I think right now it's the best time to be, you know, more of a,
more of a patient trader and just capitalizing on those big moments when they're there.
But yeah, I feel like that's how we have to be rolling right now.
Yeah, I'm with you.
Overall, I just think it's tough.
I've been going much slower, I think, for the most part, as far as just total overall trades up here,
all-time highs. I've learned myself and how I trade and invest, and I've just slowed down when
we get to all-time highs a little bit and trade level to level, kind of like what PB was saying
a while ago as far as my day-by-day type of trades. And yeah, my bigger picture of the market,
I just, once again, you get a little dip in the market, people rush back in, we touch
a 20 simple moving average or 21 EMA on SPY, immediately get bought up, you know, double
bottom type of thing from the FOMC low. And just structurally, it just looks like, okay,
there's your little pullback, and it's gearing up maybe for the next level up, but could be getting
a little overextended to, you know, as far as we are away from, you know, like a 200-day moving average and some of those
things. So I see both arguments. I get to talk, you know, just because of what I do here hosting
these spaces. I get to hear a lot of different smart people and perspectives. And I hear both
sides, but for the most part, it's like dance until the music stops. That's kind of my general thought here across the market. And I do hedge when we get to certain overextension levels
and just pull those right back off once we kind of pull down a little bit and kind of stay afloat
and keep finding opportunities. That's where I'm at. And we'll see obviously what happens.
We do have on Friday, the NFP jobs number, which is a big data point. So we'll have that on
Friday morning right before the open. And then obviously this looming government shutdown. There
was a couple of headlines about an hour ago around that where Schumer, the minority leader of the
Senate, said that they met with Trump. There's large differences and they're playing the politics
game back and forth. But the last time the government actually shut down was in
December of 2018. And basically the day it shut down was the bottom of a dip on that market anyway.
So we'll see what happens around that piece. But we've heard this story probably six,
seven times over the last five, six years since then. And they usually work it out at the final hour.
Stock Sniper just joined us up here.
He's the last one.
He's our second place finisher.
So great job on Paytup, our second best pick too, 8.37% last week.
Stock Sniper would love to bring you in, get your market sentiment thoughts,
and then we'll get into everyone's picks.
Good morning.
Can you hear me all right?
I love how you just said good
morning, but I know where you're at, but I can hear you great. Yeah. 541 AM. Um, yeah. So honestly
this week, uh, I'm looking at a couple of different things. And again, I'm looking for
some more continuation on that drone trade, like we were talking about with K-Tub. Um, that is 2X
leverage Kratos for anybody who's not familiar with that one. But I'm pretty much monitoring closely Lockheed Martin's Bechtis drone.
And this is kind of the autonomous version of the loyal wingman.
And this was my overall thesis for Kratos.
And Lockheed came out with this drone about a week and a half ago.
And this drone was pretty much going to be cost between $20 and $30 million.
Now, this is supposed to go with our fifth-generation fighters,
like the F-22 Raptor and the F-35 Lightning,
and it is also capable of flying with the sixth-generation fighters
that are yet to come out yet, which will be the F-47.
There is pretty much going to be an upgrade between fifth and sixth-generation.
It looks like Hypersonic is off the table,
and a lot of the other things that we've been speculating on the internet over the last couple of years,
we can pretty much forget about all that. It looks like the main upgrade is going to be drone
swarms with these new fighter jets. And I'd be willing to bet, you know, it's going to take a
while to mass produce the F-47, especially with the AI chips that it's going to have and all the
rare earths for the stealth capabilities. So, you know, I think that
there is a decent chance that US Navy Air Force rolls with fifth generation fighters for a little
bit longer. And I think that it's going to be pretty much a big question about who's going to
win this loyal wingman competition. And, you know, we pretty much have Kratos and we have Lockheed kind of leading the way with the QX58 Valkyrie and Lockheed Zvectus.
And that's pretty much one of my top watches lately.
I've been reading about the drone story pretty much every single day in and out.
And I got to say that I'm very bullish on this name.
I'm Kratos and K-Tup.
Very happy that that finished second in the stock picking place.
But when I take a look over at the market today, it seems like it was a pretty rough day for SPY.
And I got to say, there's all kinds of different names that look like they're green and different
names that sometimes look a little choppier than others. I have to say hood breaking, I don't know
if this was covered well or not, but hood going up 12% today and breaking 130 and 135 in the same exact day, making a new all-time high.
Insanely bullish.
I absolutely love Robin Hood, and I love to see they're absolutely executing their international
expansion flawlessly.
They're doing precisely what they planned on doing a year ago, and it's pretty cool
doing a year ago. And it's pretty cool to see the execution on their side. Another name that I also
to see the execution on their side.
had in the stock picking competition, and unfortunately it wasn't first or second place,
but it's BMNR. And I know BMNR was still green from that competition, but I have to say that
I think that the treasury trade will also have some continuation. It definitely seems like there
are crypto developments coming
out just about every single day now. And I've pretty much seen, you know, whether it's a new
treasury coming out, whether it's Binance updating their system and, you know, adding governance or
different features, we're pretty much seeing something come out just about every single day.
And we already know there is that talk or that
speculation about the US government getting involved. You know, it seems like the chatter
about that has slowed down a little bit because it hasn't been mentioned in a little while.
But there's a couple of interesting things to take a look at there. There are also a lot of
small cap treasuries that could be interesting. You know, one other one that I got an eye on,
and, you know, again, take this with a grain of salt, you know, and I can't say I really have a big position in this
one. I'm just watching it, but it's ABTC. This is Eric Trump's Bitcoin Corporation, and he's been
working on this project for a little while. I'm not really exactly sure what's going to go on with
this, but I am watching this name, looking for a Bitcoin
purchase announcement or a headline there. And I think there's a very high chance we could see
something like that come. But pretty much that's a pretty good idea of what I'm looking at in the
markets as of this week. Appreciate that. Great run down there, StockSniper. I'm going to go ahead and transition
us last 15 minutes here until the top of the hour, and we have a great conversation coming up then
as well, so make sure you guys stay tuned for that. But let's transition into the picks here
a little bit. I do want to mention some of the picks that have already been called out, a couple
people that were here earlier or a couple that could not make it this evening.
I'll call those out and then we'll go person by person
and get the last few picks here.
So what we do have on the board already,
Andrew went with MSOS and RYM.
Sam Solid had to run out.
He took CLSK, CleanSpark, and BMNR.
That's his two picks.
Sorry, StockSniper.
I wasn't sure if you were going to make it. I
would have given you precedent if you wanted it. But Sam Solid has those two already. Vegas couldn't
make it tonight either. She has RGTX. She's looking at a breakout on Rigetti, and that's a
leveraged version of Rigetti. And then TSLL is her other pick. And then Gav, Mr. Wolf Financial
himself, ROBN and Wild are his two picks.
That's all I have on the board.
Let's go around the crew.
Stock Sniper, since you were our second place finisher,
we'll go ahead and let you throw in your two picks next,
and then we'll continue around.
Awesome.
You know, I'm going to have to smack KTEP on there again.
2X leverage Kratos.
I think that 2X leverage Kratos will,
I think we will see some more continuation in this drone trade.
I would like to pick ODONDS as my second name,
but for the sake of having the best chance of winning this competition,
I'm going to pick a second name that is not in the drone trade.
And for my second name,
I'm going to get a little fun and
I'm going to pick Soundhound. Soundhound is down at 1558. It's down 15% in the last week. And when
you take a look at this on the month, we've seen some amazing momentum on this name. It's still up
22% on the month, but it's had a pretty rough week. I think that there has been a lot of profit
taking on the long side of things. And I think that SoundHound is definitely a name to keep on watch.
This is pretty much an AI voice recognition company.
And they plan to, you know, kind of sell their product to drive-thrus and integrate that to where, you know, fast food workers only have to work on actually preparing the food and they don't have to worry about taking the orders anymore.
Boom, there you have it. Our second
place finisher, StockSniper with KTOP running that one back. The drone trade staying strong
over there and then SoundHound, S-O-U-N, which that daily chart looks really interesting. Kind
of a little flag slowing down into this kind of previous area of support here, resistance and
support both. That's actually very interesting right there at that 1550 mark.
So there's your two picks from StockSniper.
Knott, let's go over to you next for your two picks, sir.
Yeah, so I'm going to run with Oscar again because that ACA news could literally be today,
tomorrow, or Wednesday.
And that's something, one, I'm heavily invested in,
and two, I'm heavily watching.
Honestly, any healthcare name could explode on an extension.
So I could go heavy on healthcare names.
I don't think I'm going to.
But I will go with Oscar
for one of them
I'm trying to think
do I
you know what
how crazy would it be if I did this
okay
you know I might go crazy let's do osc tell me if this is legal okay um oscar and osc
x 2x leveraged it's more than legal right there sir oscx i'm gonna do. That's the correct one? Yeah. Oscar and OSCX.
OSCX.
Max, hypothetically, I'm sorry, I have to say something.
Hypothetically, wouldn't OSCX automatically outperform OSCR?
Yeah, but then I'm getting almost triple the leverage in this matter, I guess.
I guess.
Gotcha.
Gotcha.
All right.
Well, not putting all of his eggs in the Oscar health basket right there with OSCR and
OSCX from Mr. Bull Trade Finder.
Nick Drindle, let's get your picks next, please, sir.
All right.
First one, I will go with BIDU, Baidu, on the long side. I've talked about this before
on stream, but the Chinese equities are just breaking out of a three and a half year base.
We saw Alibaba go up on earnings. We've seen stocks like Pony start to take off and Baidu
already made just an awesome move from 87 up to like 140. And instead of
like selling off that big move, we just had to pull back to the 10 day, bounced, and now we're
getting nice and tight right at the five day moving average. So when we're talking about
rotation of the market into emerging themes, the Chinese equities is the biggest one in my mind.
themes. The Chinese equities is the biggest one in my mind. So BIDU on the long side.
And then between two solar stocks, I will go with, let's go with NXT. So the TAN solar ETF
bottomed, well, it put in a bottom off an accelerated move like on April 9th.
But really, to me, solar stocks bottomed after it was announced that they were going to be taken out of the credits, tax credits, and it didn't make a new low after that.
So usually stocks will bottom on bad news that doesn't push price lower.
And since then, solar stocks have been one of the leading groups in the market.
And they've been extremely difficult to trade because they've been in a downtrend,
not just going sideways like Chinese equities,
but they've been in a downtrend for three and a half years or so.
So there's a lot of overhead supply.
It's really tough to buy on strength.
Buying on shakeouts work best in that group
until we get ENPH really over the 50-day moving average.
But NXT is an IPO that just made a new all-time high today.
It had its good shakeout on Friday through the 5 and the 10-day,
closed really well, and then gapped up today,
opened on the low, closed near the high of the day.
The way I'm actually going to be playing this is looking for a pullback into today's gap zone and then play that versus the 10 day because i don't have a position in this um but i know we
can't do that for for the actual uh competition but um that's how i would play it if I was trading it versus just competition play.
All right.
So Baidu, the Chinese play continues.
That's the long side from Nick Drendel.
And then you said NXT, right?
This next tracker.
Yep.
All right.
Next tracker.
The solar trade is very interesting to me.
And I had not heard of this one.
So one of my favorite things about this show is there's like new tickers that get put on my radar all the time.
This one's going on my list to take a look at here from Nick Dwindle.
B-I-D-U and N-X-T, both on the long side.
Let's go over to Mr. PB and get your two picks for the week, sir.
Okay, cool.
So my first pick is going to be B-U-L-L, Bull.
Really, really like the daily on this. I've been building a position over the last couple months,
and I think that she's getting very ready to go. I think that this daily close today was strong,
and it's crazy the way this stock moved, man. It new lows goes back closes at highs and it's done
that the last four days so i have a daily trend line that we just broke over today and i have a
pretty big level at 15 my next level here is 17 if we get above 17 i could see us having a potential
move to 19 um transparency i do i do have a position in this stock. So it's B-U-L-L.
I like that one. And then my second pick is going to be JD. I forgot who it was talking about the
China equities, but I agree. And I like JD. I like this daily a lot. It's a really tight flag.
We're starting to see some higher lows here and we had a really
nice daily close today i think if we can get above that 36 like yeah i get 36 area we could
see a nice little move to like 38 so i like jd i'm trading options on j. I mean, yeah, options, not shares.
Right, PB with Bull and JD.
Webull, interesting one.
Broker, of course, recent IPO that obviously flew, came back down.
What a base this thing's building on Bull.
And then JD, the other pick.
JD has been on my radar. I was in Baidu, actually.
I had a really nice, I caught a really nice
breakout on it, ended up getting out of it. I'm kind of waiting and watching. And I looked at JD.
JD has rejected the 200-day moving average like four times. And today, close just peeking its
head above it. And I'm like, okay, is this, I mean, you mentioned that a while ago, PV, didn't
you? You said, okay, you knock on that door enough times, it eventually breaks.
Yeah, so it's a pretty good sign to me that I like today's close a lot.
And I think that if we could really get just a little push, then this thing is going to start to go.
They're trying. They really are.
And then on Bull, I think we could see, not as big as a move, but I think we could see not a move like hood.
Obviously, hood's been absolutely insane.
But the last time that I did build a position on a stock like this, it was hood.
Actually, funny story.
Last year was my last year of high school.
And my teachers were all asking, like, yo, before you leave, you have to tell us the stock.
And I told them all to buy hood it was at 40 and bro i mean like i got an email the other day and the teacher was going absolutely insane saying how like that was you know they're they're trying
to retire and stuff how they they doubled his performance just off his um investment in hood
at 40 so pretty cool but yeah i think bull can be a
really nice one to be honest i like their ui a lot yeah people love robin hood robin hood
obviously incredible run and there's so many just bullish things around robin hood i've been in that
as well love that name and some of these other names though that name. And some of these other names though, IVKR, Bull, and some of these other ones that they're doing very well, just kind of quietly, you know, because Hood
steals the spotlight there, but they're doing, doing well and doing well, you know, good things.
So very, very interesting to me, PB. Great to have you on the show. Hope you'll come back more often.
And that's your two picks right there for the week is B-U-L-L and J-D from Mr. PB Investing.
We have one stock picker left up here before I put the cherry on top of the picks.
That is my co-host, Ace the Kid.
Jordan, what two picks are you looking at for this week?
Has Connell been taken?
All right. Give me that. I'll run that.
I paused because for a second I
typed it in. I wasn't going to take that and then I
changed my mind. But I love that. It's funny
we both thought of the same one.
I love a Connell and then I'll just run
TSLT and we'll
see what that does this week.
All right.
Jordan's bullish Coinbase and bullish Tesla,
2x leverage on both of those.
Coin, C-O-N-L, I was looking at that chart, Jordan,
and I don't know if you had any quick thoughts on coin.
A lot of people have stared at Tesla's chart,
but I was looking at Coinbase's chart,
and this little kind of cup and handle type of action
back above all the major moving averages today
with a strong close.
If crypto can just maintain this move, I think you're positioned very well here.
I agree.
It looks good.
We've held that halfback to you.
Just take a fib from, I'm pretty sure it was teraflows to the all-time highs that we just
recently made a few months ago.
And we've held that halfback perfectly.
I was actually kind of getting really bearish on coin when we were getting towards that area um but we
ended up like reclaiming it holding it really well and we've just continued to build structure
right above that this whole time and now we're like actively getting that break above that structure
that was built so i really like coin i i think as long as you're holding that halfback really
on that higher time frame,
there's no reason to not like it here.
So, yeah, we're going to run with that, see what that does.
Boom, perfect.
There you have from Jordan, CONL and TSLT, Coinbase and Tesla,
both on the leverage there.
Let me throw in my two picks.
I'm going to take Crocs, which I am currently long.
The Sydney Sweeney news came out on Friday. I just want to see if the continuation can get there.
I've already trimmed some of my position, full disclosure, but I like the chart setup actually
a lot. What it did today with the follow through on the news, I think it's got some room, at least to like the 50 day moving average, which is up around $88. It's currently around 83, just under 84. And so I have a little bit
of a level there. And then there's a huge gap above it. This thing really wants to get some
momentum behind it. If there's a turnaround story, I don't know, maybe the Sydney Sweeney magic hits
again. Maybe it doesn't. It's already worked out so far. So the trade is kind of a risk-free trade,
but I do think it's got some continuation further in it.
So we'll see how that plays out.
That's CROX.
I was actually telling Jordan,
I may go buy me some Crocs.
I figured out they had flip-flops today.
So I actually may pick up some.
I don't know.
We'll see.
Maybe take some earnings there.
My second pick, I'm very bullish cybersecurity.
And I'm looking at CrowdStrike. I'm looking at Palo Alto. I like both of those charts. CrowdStrike had a really nice gap up and push. It came back down, stayed all within that one candle.
Daily Nine caught up and it caught a bit off of that. I like CrowdStrike, but I also like PanW.
PanW, really, if you look at even when the market's pulled back,
PanW just continues to push higher and higher.
It reclaimed its 9 EMA today, and it's got multiple tops up here
that looks like it wants to break out very soon.
So I'm taking P-A-N-G.
It's a leveraged PanW Palo Alto Networks for my second pick.
And I saw that we have Mr. Gav Blacksburg up here. So
Gav, I called your picks out quickly earlier, but I didn't really talk about them too much.
So I wanted to give you a shot to jump in on those. Yeah, I can in a second, but I know the
roster at the top of the hour. So if you are here for our next base, please go ahead and hit that
request to speak button. I see a couple of the accounts below. I am doing my best to shoot out some invites, but if you are in here,
you can just go ahead and hit that request to speak button in the bottom left, and that'll put
you in the queue, and that is the only way that I can get you up. In regards to my picks, and I'm
glad I was able to nab them, I mean, obviously it's coming off of a huge day for Robinhood,
and so doubling down with ROBN might seem ballsy, but it's a momentum play.
All-time highs are not bearish, in my opinion, just personally, how I see it.
And then on the other side of things, I put Wild in there.
And I did Wild just because, I mean, take a look at it.
If you haven't seen it yet, like we're about to push through all-time highs on this.
It had a 9% update today.
Volume has spiked immensely over the last week. So it's an ETF with, you know, a bunch of different leveraged uptickers inside of it. And to me, it's a fun little pick for the
competition. So those are really the two picks there. I think it's a little obviously obvious
enough with both them, you know, being momentum plays and looking for all-time high breakouts and just riding the training.
Robin went up 25% today.
So let's see if we can get another MSOS shout out.
I saw, you know, Andrew's been on that all year.
That's really been coming in hot here.
And I do see some of the speakers starting to come up as well.
I see Eric looking for a couple others to go ahead and request to speak.
I believe Ofer and Mina, if you are both in here, you can request up.
But, Emp, I'll turn it back over to you if there's any other comments you want to share
on the wrap-up this last space, then we'll roll into this next one.
No, I appreciate your picks there.
It will definitely be interesting to see.
That wild ETF you mentioned is a fantastic one.
It's always changing.
If you haven't checked that out, the Vista Shares team has put that one out.
And it's got some really interesting stuff.
They kind of rotate five just of the top,
like sentiment, exposure, a lot of things going on there.
So some really interesting names in there.
Definitely check that one out.
I did just tweet out everyone's picks.
So that is, it's actually pinned up top.
So you can see those up there.
Let us know underneath, who do you think wins? Is PB going to make an appearance here and just
come clean us all up? Is Nick Drendel going to run it again? Is Baidu going to keep going?
There's a whole lot of really interesting picks. Sam Solid had BMNR. That one's interesting. Is
MSOS just going to keep going and Andrew wins again. We'll see
what happens. A lot of interesting picks there. Stock Sniper with the drone play. Two people on
Tesla. I don't know. Some really interesting picks. Make sure you check that out. Let us know
who wins there. And big shout out to the crew. Make sure you're following all of our great
panelists that were up here on the Stock Picks show. And with that, we're going to go ahead and rotate this conversation over.
I'm excited for this.
And of course, if you're on the panel, feel free to hang out with us a little bit.
And Gav, didn't know if you wanted to introduce the team,
but we've got a duro coming up here.
I saw Eric popped up here with us.
So I'm excited to deep dive into this conversation a little bit.
Yeah, me too.
Eric, can you hear us well?
I can hear you very well.
Can you hear me?
Amazing.
Yes, I've got you loud and clear.
Love it.
Perfect.
And I see Ofer is up here as well.
Actually, Ofer just dropped down.
All right.
Well, if you can request back up on stage, we'll get it going.
But for now, we're going to get things started with Eric.
If you can go ahead and change the title of the space and make sure everything's spelled correctly, that would be perfect.
And I'll go ahead and roll us into things.
Before I get us too far started, I see Mina's coming up.
Perfect.
And I see Ophur's coming up.
All right.
I think we have all of our speakers.
I just want to have quick introductions, and then I'm going to do a disclosure, and then we'll roll into things just to kick things off here.
And I hear Ophur here as well.
If you guys aren't speaking, by the way, feel free to tap that mute button in the bottom left
that'll just keep it silent when you're not talking you won't get any feedback or anything
like that and then when you want to talk you'll just tap the unmute button one of the things that
i love doing on our show i mean we just did a stock picks for the week is getting to hear from
the people uh behind these stocks etfs everything across the spectrum and they make for some of the
best conversations you have to understand that there's nothing more important, in my opinion, than to a company
that it's governance.
And so being able to hear directly from them and their vision for the company is really
a treat.
Now, tonight, we have a company that is really in demand that has come and joined us.
us, if you guys follow a bunch of popular characters on Fintwit, you've probably seen
If you guys follow a bunch of popular characters on Fintwit, you've probably seen them tweeting,
them tweeting, and that's going to be Aduro.
And that's A-D-U-R is the ticker Aduro Clean Tech.
You can go ahead and look this up.
Just a beautiful looking chart.
I believe that it's right around all-time highs today.
I think all-time highs are maybe 20 cents up from here, up over 200% since they uplisted
NASDAQ back in November of 2024 and trading at almost half a
billion dollar market cap now. So congrats on the success. But really, I want to get into what's
making this company have such an amazing move. And with that, I'm going to give the team a quick
opportunity, just 30 seconds each to give a brief intro and background of yourself. I'll read a
disclosure and we'll get into things. Eric, would you like to go first?
Yep, Eric Appelman, I'm from the Netherlands,
but currently sitting in Canada somewhere.
61 years old, chemical engineer by training,
but after a long and satisfying career
in increasingly commercial and general management roles,
I finally landed with this startup in Aduro.
Beautiful, thank you, Eric. Mina, good good to see you would you like to go next
yes absolutely uh hi gav mina boucher here chief financial officer uh this is my fourth year with
aduro clean technologies uh really proud to be part of this success story and we couldn't have
a better team um whether on the executive level or below.
I think everybody around the table on our end really is very passionate about what they do.
We're solving a major issue that affects us, our shareholders, but as well the whole world in its entirety.
So we're really excited to be doing what we're doing, and we the platform uh to talk to your audience here my pleasure my pleasure and offer please go for it
uh you just have to tap that unmute button once more there you go all right i'm not hearing
of first sometimes there's a little bit of issues with spaces uh so i'm just going to keep moving forward a little bit here i'm there's a little bit of issues with spaces.
So I'm just going to keep moving forward a little bit here.
I'm just hearing a little bit of some background noise coming from your mic.
You might want to try just reloading the Twitter space and rejoining, and we'll get you back up on stage if you're able to do that.
All right, perfect.
Well, then let's go ahead and get into things.
And I'm also making a post real quick, and I'm going to pin this post to the top
of the space. And if anybody wants to understand more about the company, and by the way, again,
look at the chart, look at what they're doing. Really a fantastic company. If anybody wants to
see more information on them, I am going to get that pinned to the top of the space right now,
so that while you're listening with us, I've already put together all the research that you need to get started.
And then, of course, you can go do much further research, but all the basics will be up top.
But Ofer, do you want to try once more?
Hey, hi, guys.
Thank you very much for having me.
Can you hear me?
Yes, loud and clear now.
Yes, please.
Excellent.
So a little bit of technical.
Yeah, so Ofer, Vycus, my name is.
I'm the co-founder and CEO of Aduro.
I've been doing it pretty much since the company was conceived in 2011.
It's looking great.
Thanks for having us.
My pleasure.
Okay, beautiful.
Thank you so much, everyone, for coming on.
Quick disclosure as we get started here.
And for when you're not speaking, if you're able to mute, that'd be awesome.
Quick disclosure here.
So obviously, we love working together with paid companies.
I am working together with Aduro Clean Tech. so this advertisement for adur is a paid advertisement it's intended for informational purposes only we do not make recommendations or
endorsements of any specific stocks or investment strategies investing in stocks involves risk
including the possibility of losing your principal always conduct thorough research and due diligence
prior to investing in anything
and use this space as just the tip of the iceberg and let it take you from there.
There are so many people if you go and you just type in the ticker on Twitter that are
talking about this, you can do a lot of research.
But let's start you off with some of the good stuff here and get right into things.
So we're going to kick into it from the top.
I'm going to start out with a few questions and then we're going to spread it around the
panel and let people get into this as they would like to.
Obviously, you already heard briefly from Eric how he got involved with Aduro.
A big focus here is going to be plastic waste and the opportunity in this market.
Eric, can you start us off with a little bit of the general market dynamics here and maybe
a brief history of Aduro?
Yeah, and maybe I'll just complete my little story. I had a long corporate career behind me,
engineering, then commercial, then more general.
And I ended up being a director of an innovation campus
where we managed to pull in a whole flow
of innovative companies in the chemicals domain,
more than five dozens.
After six years years i felt it
was time for doing something else and i went to my top five of startups because i found it
interesting these were all companies with exceptional solutions for significant problems
in the world i didn't make it far because the first one i called up in was a duro and within
half an hour i had traded my very comfortable directorship for a big adventure
that I because I just believe that what we are doing is not only professionally very funny piece
of engineering it is also good business and it is relevant for the world so that's how it all
happened and what is driving the market in this world is a combination, really.
It is hardcore commercial pressures rather than just idealistic things.
It is many companies that are marketing things like shampoo or whatever else that have to pay very substantial money to make sure that the plastic packaging is collected and processed adequately.
And they are obviously very interested to get that done for the lowest possible cost and this is not only a luxury for the Netherlands or
California it goes to countries as far away as the Philippines which are drowning in plastic waste
and they are doing this extended producer responsibility schemes very powerful driver
second one is typically seen in Europe the PPWR as we call it, plastic packaging
waste regulation. This says a lot of things, but it says that things must be collected, things must
be reused, things must be cleverly designed. And also, and this is very important, it stipulates
that a minimum amount of all that plastic has to be recycled, which creates a market.
The other thing, and that is happening in multiple countries as well, is that you're actually punished for emitting carbon dioxide.
And where many countries have resorted to burning plastics, it is that emissions cost structure and emissions charge that is driving up cost.
cost structure and emissions charge that is driving up cost.
So this market is driven by producer responsibility,
minimum contents, requirements,
and a punishment for just burning or junking it.
So that is the dynamics that we are seeing around us.
Yeah, it's really interesting how this is a bit
of a worldwide issue.
So you're talking a little bit about it here,
but what really drives this market
and where's the supply demand?
Yes, so the demand is created
by the minimum recycle contents.
The EPR schemes provide us with the stuff
that has to find a new way
and the emissions regulations close all
at the easy solution that we had thus far.
And by the way, that is complemented by places like in Europe where landfill is effectively banned.
Like in my country, it is too small for all the people we have, leave alone landfills.
Got it. Got it. That makes sense.
So the EPR, minimum recycled recycled content emissions regulation against incineration
and the landfill bans so people have a lot of plastic that they don't have a way to get rid of
and so that's creating a higher and higher level of demand for someone to do what you're doing can
you talk to me about the finances on this side kind of the financial opportunity for recycling
oh if you do a very simple thing we are looking at one category of plastics,
it's called polyolefins, you can forget that.
But the world makes 250 million tons of that stuff every year.
And it overwhelmingly goes into short term uses
like packaging.
So if you would collect just 50% of that,
and if you would then just send like three quarters to processes like ours,
and then you have a certain yield,
you are talking about a value that you are creating of more than 100 billion every year.
Now, we are not going to have all of that.
I have to disappoint you there.
But this gives you an idea of the size of the opportunity.
Perfect. Perfect.
Perfect.
I appreciate that.
Okay, good.
So we covered a little bit here how you got involved with Aduro, what perspectives to bring on plastic.
I want to talk a little bit about what's changed recently.
So obviously, the stock has gotten a lot of attention.
And I think this industry has gotten a lot of attention.
What's really changed in the last one to two years to make this circular plastics move
from nice to have to must do?
Well, it's precisely what we just talked about,
the regulations that are kicking in.
And we now see that plastic manufacturers in the world,
they are sort of scrambling to secure
that recycled content that they must include in their products in
2030.
We see waste management companies scrambling for some way to deal with plastic without
burning it and having to pay for their emissions.
And we see those people that put the plastics in the market scrambling for good ways to
deal with it so that they can sort of control the
fee that they are paying for the collection and sorting.
So that has become a lot more clear in the last year and a half, I would say, apart from
obviously the technical progress on different fronts among others with the Dura.
Understood.
Okay, got it.
So regulatory changes driving this forward,
policies, economics, and really that technology convergence that you hit on. That makes sense to
me. Okay, kind of a follow-up on that. And I want to really go that this for non-specialists, right?
Assuming that most of our audience probably not specialists into plastic recycling. So zooming out a little bit, what does plastic waste actually look like?
Where does today's economics fail?
And really what tips it into viability?
So a little bit zoomed out here to give everybody an idea of this.
Well, you actually gave the answer.
Plastic waste looks like waste.
It is just a mess.
And it depends a little bit how you collect. But if you collect also the film packaging that we all use, you will have all sorts of food residues on it.
And there is pigments, there is paints,
there is adhesives on it.
This is a real, very difficult thing.
And until now, most technologies do not really like that.
They want to have rather pure plastics
just to remelt them and cast them again.
But unfortunately, that is only a small
portion of all the plastics that you and i use and throw away after a short while and that is
unpleasant because the cost of collecting and sorting all that mess and have to be carried
by maybe 20 of the stuff that becomes anything valuable.
And you can already see that that is going to make life pretty difficult.
We do have to find a way to deal with 100%, not with 20%.
That is especially important because most current processes are not beautiful
in the sense that they make a high quality product.
You do require not only that
collection and that sorting and then that chemical breakup, but then you also need to clear it up and
upgrade it as we call it before we can pump it back into the cycle and eventually make new
plastics. That is expensive and you should avoid it basically and and we can avoid it
the other thing and it has actually come to the attention recently quite a bit if you say recycle
you shall recycle unfortunately many processes that see around do not recycle the whole lot
they put a significant part of what you start with into streams that
end up as fuel. They end up being burned. Hey, then you are going to pay your emissions tax,
but also they are not going to be counted as recycled. And truly recycled material
commands a nice premium in the market, but you are not allowed to count whatever
you burnt in the process.
So three very big issues.
There is only a limited fraction that is recycled.
We do generate a considerable amount of stuff that ends up as fuel and is not getting that
premium quality.
And then the product that we do make require a lot of repair work
to make it processable.
And those three combined
make that recycling processes
do not really pay their bills.
I appreciate the in-depth answer there.
I'm going to turn it over to Ryan here
if you want to jump in with that next question.
Yeah, thanks for coming on, team. Great to have you guys on this evening there. I'm going to turn it over to Ryan here if you want to jump in with that next question.
Yeah, thanks for coming on, team. Great to have you guys on this evening. Doing some of the research into this, I got really curious on kind of the process here, the pre-treatment all the
way through to post-treatment. Can you break that down for me a little bit? I saw the term
cracker grade. What is that in practical terms? I'm just curious what remains
on the back end? Just how does that process look like? Yeah, well thank you for that. The cracker
is basically the entrance portal of plastic manufacture. A cracker is a thing that smashes
up hydrocarbons like crude oil, distillates and so on into the elementary building blocks to make new plastics.
And these are gigantic machines, very optimized, they cost you a billion,
but they are also very much prima donnas. They really want stuff that is very pure.
And you must make sure that whatever you pull out of the recycling loop or out of the ground for
that matter is sufficiently clean to survive to
to make that thing not collapse and you do not want a one billion dollar machine that pulls through
like three million tons of stuff every year and that is supposed to operate uninterruptedly for
six years you do not want to jeopardize that one that's going to cost you a lot of money
so in order to make something that is palatable
for that for that prima donna you have to produce a cracker grate which is just exceptionally pure
and that means that if you do recycling and you did start up with what really was a mess
and you have to do some very clever tricks to get rid of the rubbish on your way and that starts
already at home where you hope actually that the people do some separation and don't throw any rubbish in the wrong bin.
But as a matter of fact, when you collect that stuff, you have to pick it apart.
You have to toss away the good old PVC, if you know what that is, because it kicks out chlorine.
And you have to get rid of all the
organics you have to get rid of the bolts and nuts that people leave in there and that is something
that is a pretty pretty impressive sorting process and there are now companies emerging
both in Europe and in the United States who specialize in sorting that out, preparing the feedstock that goes into that whole process.
But that's still not it because as I already said, plastics are printed upon, they're glued together.
There are sometimes 11 different layers of plastics on top of each other.
You will not see it but that is what a typical refrigerated food pack looks like.
And so you have a lot of materials in there.
And somehow in your process, because you cannot peel those apart,
you have to get rid of the contaminants and end up with something that is clean enough for that cracker.
Now, most processes have to do, in the end of the day, sort of a big dishwasher cleanup step,
where you send it through
an upgrader that upgrader will treat it with hydrogen under incredible pressures with expensive
catalysts and what comes out of that you can send into the cracker but help that step is
expensive and what we at aduro realizes is if we're going to make this viable we have
to somehow find a way to make that upgrading easier
to make sure that we're a little bit more forgiving at the entrance and that we can
do with less sorting and with less rejecting that's what we're doing
so ryan just to echo this is offer just to echo and eric's comment here if you look at a feed cell
whatever comes in you know most of the organization are
looking for the best of the best. And so if you can turn it a little bit notch one or two notch
down, then the feedstock price is actually become much lower. And then on the other side, from the
output, all of those organizations require hydrogen. That's a multi-billion dollar
machines that needs to work
day in and day out and that actually constrains those companies to work with this hydrogen so now
if you have a company that doesn't require that hydrogen then you have some more value
on the other side and this is where we're coming in basically
and just to add to that,
I just wanna make sure everybody's clear.
Each one of those components or steps
can add hundreds of dollars of bottom line.
So if we're talking about the feedstock alone,
so a feedstock that is sorted to the degree
that is super clean and viable
for the existing approaches right now today
versus something that is more contaminated,
less sorted. We're talking about a few hundred dollars plus or minus, right, for that feedstock
A compared to feedstock B. Now we move on to the process itself. You know, if we don't need
externally source hydrogen, that there's a capex component, but there as well there's an opex
component that is reduced.
So each component of our steps from feedstock
to process to post-treatment,
which is again, as Ofer and Eric mentioned,
there's a less need for post-treatment
to get it to that cracker feed quality.
Again, reducing dollars and cents
on each one of those aspects.
So in combination,
when we talk about economically
viable process, that is what we're targeting. We want to be better at each one of those stages
to create something that holistically can be a standard in the market in the future. So that's
what we're aiming for. Of course, there's multiple steps to get there. But that's why we see that
transformation in the current market from where we are today to where we'll be tomorrow.
Yeah, that makes perfect sense. I appreciate you jumping in and adding that additional commentary.
The optimization of each piece seems so important in this.
And that kind of leads me into the next question that's on my brain.
I hear about, you know, the billion dollar piece of machinery.
And so what's the energy draw on that?
And how are you guys working to minimize and do that in that area?
Maybe Eric can...
Let me take that. Yeah, I was unmuting.
Sure.
If you look at the whole chemical industry, and I'm sure you guys all drive past by these immense complexes, the real energy eater there is that steam cracker.
That requires an enormous amount of energy, and you must make sure that that one functions as good as possible.
So that is what it is.
Now, before that, all that cleanup, it sounds humble.
Before that, all that cleanup, it sounds humble, it doesn't sound so horrible, but all of these steps take energy.
And many of the competing processes to what we do require a lot of energy in a sense that they actually end up burning about 10, 20 percent of all the good carbon that we have so nicely collected at home and that
has been so nicely sorted and that has been so nicely transported to a central location. 10-20%
is actually used to just heat your own process. Now that does of course not help and then on top
of that part of the product has no other purpose than burning it, sending it to a refinery, turning it into engine fuel.
Now, I'm not saying that I have anything against engine fuel, but it definitely doesn't count as recycled.
So the whole aim of what we do, and this is also one of the unique selling points of Aduro,
is that we are able to take from every 100 kilograms of carbon that we
take in, 80% will leave the premises as a fit for new plastics.
Whereas for conventional processes that can be anywhere between 40 and 60, but definitely
ends up with a lot of stuff being burnt.
This is all for just again to echo on Eric's comment and to answer a little bit to the
questions, to write a little bit to the questions that you mentioned.
We need to remember that really waste plastic, you know, we have to assemble it, we have to
collect it.
And this is not like an oil well, you know, when you punch hole and things are just cashing
out.
This stuff is everywhere and anywhere.
So you basically spend energy everywhere
and cost just to collect these things.
We need to remember those things,
you know, weight grams,
and maybe hundreds of grams,
and that's it.
And you have to collect tons of this.
So it's really, really energy intensive
or resource intensive on one hand.
And we don't always see that but somebody
has to pay for that uh in general and then on the other side now that you have it you have to clean
it and you have to prepare it and you have to spend some time so it's it's really challenging
all the way although society wants to see it all you know reusable somebody has to pay the bills for that so it's it's it's a reality that we have
to uh find solution for yeah and maybe because i think we we have actually not touched on that
and the unique thing that we do as a duro we will make sure that we can take a real big bite out of that other 80 percent the low quality feedstocks saving all the
energy of trying to sort it and and get it out we are having a much higher yield of carbon reaching
the destination of neoplastic and we do so by very seriously reducing that upgrading investment.
And those are the three things.
And those three unique selling points, they are going to help us to make recycling as a whole a viable proposition.
I really appreciate that.
I have a few more questions that I could definitely throw in here and a couple of, you know, myths around recycling that I would like to hear about at some point.
But I'll turn it back over to Gav and see if he's got any next questions for us.
Yeah, absolutely. Loving the answers. I hope this is really helpful as well for the audience.
If there's anything that we haven't touched on for the audience that you really want to make sure that we do touch on, feel to comment it below or uh maybe comment below that pin tweet that we have up there i think that that could be
interesting as well um i i i guess i have a question the only one that i'm seeing right now
is like and i i like the momentum when something's you know run a lot i think it shows that there's a
lot of interest in the market and i look to, you know, volumes picking up and stuff like that, which, you know, it's
remained nice and elevated on this stock.
But somebody basically was commenting, they were like, you know, has this stock had, and
I know this is a little bit different.
If you can't talk to this, no worries.
I just wanted to ask, has this stock, you know, had its real run, like from March?
Like people are like, are they late
to the party? But I'm looking at it. Can I guess the question is, can you explain to people why
they are not late to the party? They might look at the stock and say, Oh, well, it's already run,
but they're not looking at the actual underlying business. And maybe you can talk to that.
So I maybe jump in here for a second here. You know, we don't like to comment on the market,
generally speaking, the share price, the market cap, but I'd like to point to one key fact here is, you know, prior to
listing on the NASDAQ last November, so November 2024, we listed on the NASDAQ. Prior to that,
we were on the Canadian Security Exchange, which is a junior exchange in Canada. So inherently,
there was a lot of catch up to be had, right? So once we listed on a major
exchange, and got the word out, we were very much under discovered. Not a lot of people knew about
us. So there was a lot of catch up to just get, I want to say, you know, to par just, you know,
what we should have been priced at from day one. But that the word is getting out it's not really fully out yet i think we're getting
some traction people are learning about us uh pre-going public in even on the csc you know the
company was very very quiet just building their ip portfolio and making sure that they were protected
on all fronts uh what we're building here is something really immense. So we'd like to under promise over deliver.
So we focus on what we're going to do in the next 12 months.
And we firmly believe that every, you know, six to 12 months, we unlock more and more value.
As we get closer to commercialization, as we, of course, commission our pilot unit, which is around the corner.
Next is going to be our demonstration unit. And then unit, which is around the corner.
Next is going to be our demonstration unit, and then followed by that is our commercial units.
We like to really explain where the triggers are in terms of value or engagement with potential customers, third parties.
But the market that we're attacking right now, the addressable market is humongous. This could fit a hundreds company that are multibillion dollars.
So I like to always say that the real economic, untapped economic value is in the trillions.
So we are in a race to find a solution.
But we're a small dot in a very, very large landscape
in terms of what we can be in the future.
So we're in early innings.
Now the market will reflect what it wants to,
so I won't comment anymore on that,
but I think the past year was basically just catch-up,
and I think we continue to be in that phase.
As we get closer and closer to commercialization,
we become in a different playing field.
Maybe we could add also a little bit on the benefits of the technology in the sense that,
look, this is a new technology. It wasn't there 100 years ago, 50 years ago, 10 years ago,
before parosis, way, way after parosis it was born and so every year it has its own
benefit it can eat or operate a little bit with a lower temperature it has a higher yield it can
tolerate a little bit more contamination it's very modular it could start from a smaller scale to a
larger scale so it has all those benefits now how you work through, what we did is break it out every year in simple stages, in simple stages that the investors could see and those stages needs to add value to our company.
And so every year we kind of assign on three or four stages or milestones.
It's really, really important to the company that could add either value or change something really significant.
Maybe we have a design of a new process.
Maybe we have a patent, things of such.
And so for the investors, when Rina says, you know, look at us every year,
look at us every three or four months,
and we are working to execute those simple steps.
And we repeated this concept for the last few years.
And I think investors are seeing it.
We try to use quite high transparency.
And we tell investors every year, at the beginning of the year,
what are we going to achieve this year that will change it?
So if we have three or four milestones, you know by the end of the year
and you would expect that we will achieve that.
And every three or four months, even if you've never heard of us
and you just close the file and just open the news,
it should be something different there.
And I think that level of execution
and dedication for the execution
is actually what investors are seeing.
So it's not just the undiscovered,
it's the fact that we are slowly but gradually,
step by step, making a progress, a commercial progress.
Yeah.
And I want to add as well, Gav, you know, being very disciplined and, you know, very, I guess, I don't know how to use the word, but like we're, you know, OCD on how we use
capital, when we bring in capital, we are very protective of shareholders as they come
when we bring in capital, we are very protective of shareholders as they come in.
Because when you look at share price, it's your market valuation as, you know,
conceded by different, you know, the market itself.
But dilution is also a factor.
So we're very careful that every dollar we bring in, that we stretch it into more value than that dilution.
So that's what makes share prices kind of climb.
Of course, there's a lot of externalities to that equation.
But I think we have a very strong history for at least the past two years of really being very careful about when we raise and how we raise and not to always to reward shareholders that come in earlier and earlier.
We're also, as insiders, around 38% of the shares outstanding are owned by insiders, reporting insiders.
So, you know, everybody, including our employees is very much financially tied to the overall success in the market.
But having said that, I think everybody around the table really just focus on doing their job and executing diligently.
And, you know, we know the byproduct, of course, is going to be
a better tomorrow than today. Really great answers. Appreciate the depth that you went into
to cover that. I know that there's certain areas that are easier to talk about than others.
I think you did a great job addressing the audience questions there and discussing what
you could. Okay. I'm going to roll us into the next question here that I wanted to touch on,
and that's going to be around the problem that was really built here. And so within that, I guess the
question is, I mean, I feel like there's a couple ways to go about it, but I'm looking at scale,
focus, problem, proof, pieces like that. Ofur, I think this is a question that's probably going
to be best for you, but essentially, what problem are we building to solve? For whom? What does platform mean here? And then we can go
into maybe some of the non-plastic details and stuff like that. So thank you. Well, I think what
you look at is that, you know, first of all, in order to answer that, you have to kind of
look back a little bit and see what is reality.
Reality means that you have current technologies that face some challenging.
They are chemically challenged.
They can do so much and so much.
They need hydrogen.
They cannot live with lots of contamination.
And so that comes with an economic reality.
And now what you see suddenly is that, you know,
you start talking about larger, larger, larger,
multi-hundreds of millions of dollars of scales,
of operation, and basically they have to take on a city
in order to make sense on the dollar.
So, you know, moving this again and again and again,
it's really significant.
And I think we should, you know, we don't see some high pie in the skies
and stars coming out from this industry because it's really, really challenging.
So actually, if you look at Arturo, you know, if we can build a small scale unit,
just to give you my share of example, it's a normal operation.
Economic operation is over 100,000 tons a year. we see operations at 25,000 tons a year.
And if we can bring higher yield and we donate hydrogen.
And so all of those things adds up to the fact that we can actually now, instead of just collecting and take on a city, maybe configure a solution to a side.
maybe configure a solution to a side.
So now the problems that we're solving
are the resources that are invested in all of that process.
And if you can do a little bit of that,
you're adding a lot of dollar to your income.
There's a huge difference between what others right now
are facing challenge and where we see us earning because we break out of some of those issues.
So it's not one specific problem, but it's cross-border several of them.
And Eric, I invite you to, you know, just barge in if you feel that you need to say anything about it.
And as you add them all together, you come up with a solution that
is a little bit more flexible. It has a little bit more financial elasticity. Rather than
build, you know, hundreds of millions of dollars of machines, you build two or three of a smaller
scale. And now if there is a problem, you can deal with it easier. You're not committing
to that type of level of cost. And in reality, when we look at what society demands,
really it's a shorter payback.
It's a faster solution.
It's a better solution.
And so I think we represent a potential
to do all of this, all of those things.
And I have to say at this moment,
just remember, this is a new technology.
There's no history to it.
Whatever we do is pure R&D and now development
and now putting it up in a pilot.
So there's a little bit of risk on that,
but it was never been done before.
You can't just open the booth and come and say,
oh, I know how to do that.
So that's part of the journey that we have to do.
Maybe I can add something critical
just to give everybody listening the 10,000-foot view.
Ultimately, there's hundreds of companies.
When Ofer and Eric mentioned existing technologies, existing approaches,
companies that are currently in the space,
all of them collectively, globally, are addressing 10% of the plastic waste that is out there.
Maybe a little bit more today than yesterday, but a small, tiny percent of the total problem out there.
And it's because of all these challenges that we keep on hammering in the past 40 minutes.
So having a solution that addresses the flexibility at the front, the lower cost in the middle, a better quality output at the end. If we can transform the 10% recycling rate to 20, 30, 40,
that is a company maker for a hundred aduros, right?
The space is very, very large.
It's very complex.
There's no easy path from, you know,
from here to commercialization.
We got to go through the stages.
But I firmly believe that we have the
right components the right team the right technology uh to make it to that finish line
and i'd like to remind everybody as well you know pre-going public in 2021 the company was operating
privately for almost 10 years 10 11 years uh over and mark tricks at being co-founders of the company
a lot of our scientists that are currently
working with us have been operating when the company was private so this is not an overnight
success i know they you know it's easy to see us in our four-year path being public you know we've
done a lot of major moves in the market on the scale up uh ramping up our team from an r d
standpoint our laboratory facility footprint.
So we are a significantly bigger company nonetheless, but it's taken a good amount of time to get to where we are.
And now we're kind of at the final innings of, you know, the last stage of getting to the commercial side of things on the plastics.
But this was a major, major feat to get to today.
So I just wanted to give that background a
little bit i love that you got to celebrate the wins that's for sure eric did you have a comment
there uh well maybe a bit of an aside if i'm allowed i've been in the chemical industry for
for 35 years and i've been presiding about some very significant innovations and new products, including actually the cracker scene where I have been working the last five years.
And it's a slow industry and sometimes you can be frustrated.
You know, I have this wonderful idea.
But of course, we are sitting on things that can go bang and we are making products that may
not be always universally healthy so it is a conservative and and slow energy to move forward
into and on the other hand we have have that whole waste management scene which is about managing
fleets of garbage trucks and drivers. That is completely mechanical.
That is another word.
And we are bridging that.
And whereas in the chemical industry,
you hit a hole in the ground somewhere,
you pump out 100,000 barrels of oil a day,
and you do some chemistry with it.
And we are looking at the raw material
that is essentially spread out over the globe
and has to be brought together.
And you do not really want to hold that stuff too much so that is also referring to what over described
so well and compared to the chemical industry we have a completely different raw material situation
and compared to the waste management guys we are bringing some serious chemistry in there
and hey let's face it we are all citizens of planet Earth. We would like to have safe chemical plants around us and all that, so we'd rather do it carefully.
And that gives us our unique dynamics of probably relatively small and dispersed plants,
which require the modular design that that offer is referring to.
On the other hand, dealing with feedstocks that are quite complicated and
challenging. And yet on the other hand, we have to play it by the rules of big chemistry
with all the safety that is related to it. So this is actually going, this is a new kind
of industry. And I'm extremely proud and happy that I can be a part of that because it's
exciting and nice. And it requires a new skill. To give you a bit of that because it's exciting and nice and it requires a new skill to give you a
bit of an idea what what Mina was alluding to um of all the the hundred now I call it competing
but maybe I should call them colleagues more uh companies that are out there 99 follow
variations on a piece of chemistry that has been around for 100 years basically. We're probably the only one that follows a different pathway
with the USPs that I gave.
For the rest, we take our time to do it properly.
That is also why we go modestly to you on the investor side
to make sure that, hey, we have dotted our I's and crossed our T's
before we come back for the next step.
And that is classical chemical industry.
It takes its time.
I am really, really impressed because for chemical industry standards,
we're actually moving forward at breakneck speed.
Very exciting and very nice to be part of that.
I love that. It's a great message. And what's really cool is also, you know,
the positivity, I think, of this industry and really to see like what this is doing for the
world is just amazing. So not only, you know, the company that's working out well and the stories
coming together, but also just doing good for the world. All right. We've got about, we could run to the top of the hour.
I know we were thinking about doing a little bit shorter, but why not just use the time
since we're already here?
We've got a great audience, which by the way, shout out to everybody in the audience, over
220 of you still here.
Feel free to retweet the room if you haven't yet.
Drop any questions you have below.
And if you haven't checked it out, I pinned a link to the top of the space that has all of the information that I would love for
y'all to look into and do some due diligence into regarding a Duro. So that is at the top of the
space. It's also commented below the space. So if you need to find it, it should be pretty easy to
find. And again, this is a pretty hot name on FinTwitter already, but there's a lot of different
pieces within this. One thing that I would like to maybe touch on before we go to uh dispelling some of these myths uh that i've
seen around uh this area is just one more time i think some people didn't fully understand or
didn't maybe hear uh can you just give a one more time like a layman explanation on how the
technology works for the average retail investor just to be able to say oh yeah i know what the company does it does this shall i take that yeah you want to try
okay yeah i'll give it a go um you have to think of plastics as as very very big structures
and that is why they are solids and you cannot really do anything with it in the chemical industry.
And we just have to cook them to pieces because the chemical industry is very good at breaking down a variety of raw materials into a very small range of building blocks, of legal blocks, so to speak.
That is what we do.
We use a little bit of heat we use a little bit of a catalyst as we call it which facilitates the reaction
and then we essentially break it down to pieces now other people do it in a very similar way
but we add a second step in that very same pot and you cannot tell it apart, which turns it into a much nicer product.
We are using just something very simple like water.
It is for that reason that we call it hydrochamolytic.
You can forget that immediately.
So helped by water and at an elevated temperature we break down these very large plastic molecules into
that universal lego that the chemical industry uses to rebuild all the molecules all the
plastics all the paints all the adhesives that you see around yourselves and that's what we do
more clever because we're having that extra reaction in the same
pot that turns it into on one hand, something that looks a lot nicer in terms of quality.
And on the other hand, also takes care of the contaminants that slip in.
Does that help you?
Yeah, that's perfect. Yeah, Mina? This is all fair. Does that help you?
Yeah, that's perfect. Yeah, Mina? This is all fair. I, you know, not to dismiss, of course, whatever everything Eric says.
I'd like to say we discovered with this phenomena where under certain conditions with water,
a very simple catalyst, it was actually the metal in the heavy oil
that act as a catalyst if you just increase a little bit the weight,
but it's there already.
So in other words, for the investors, the catalyst is readily available,
it's not very expensive.
Then we discovered later that if you add things like glycerol or ethanol or methanol,
you basically save on the other hand to hydrogen. So now you basically have semi-independent
unit that, you know, cheap unit that could do quite a lot of things to replace, you know,
those heavy hydrogen requirements, for example, and with a very low cost catalyst. And so the competing technologies are mostly motivated by heat, I will say,
where we're trying to focus on the nation-specific chemistry,
that the catalyst heat, and once it's heat,
already inside there's some lusserol or ethanol that hydrogenated.
And now you're independent, basically independent.
And so that puts us aside from everyone else
because we could literally be quite more independent
and the technology itself, you know,
has all those flexibilities that we can build
that allow us to configure a solution.
So in a nutshell, that's kind of where we're coming and how we're different.
So I think with a lot of the technical information that we provided in the past hour, which I think is very valuable,
at a very high level, what we're doing is we're getting inputs significantly cheaper than the next competitor. We're processing it cheaper than
the next competitor. And our output is not only higher value because of what we mentioned.
Basically, it's choreography of quality is what we're aiming for here, but we get more of it.
So less of it is essentially wasted or burnt throughout the process. So our yield itself is
more and it's of a higher quality. So we can
command more dollars per ton of output. So all of those components transform exactly how plastic
is being recycled. But I think Ofer and his answer really kind of walked the audience through the
evolution of a DuroClean technologies. So when Ofer mentions the phenomena, the company initially started working on heavy oil and upgrading it to lighter oil.
And then added some work on renewable oils, especially chemicals, and finally added plastic waste into circularity.
The combination of all three applications is what's developed the know-how that is the secret sauce of what we've
deployed as hydro-hydrochemical technology. All three applications are something that we continue
to work on. I know the past hour, we focus a lot on plastics. That is our first go-to-market,
but the technology itself is basically multiple technologies, and the applications are the
marketplaces
that we can address.
And I know this will probably be a discussion
for our future spaces,
but there's multiple applications in our future,
probably multiple companies
within the Adoro Cleet Technologies brand.
But I'll leave it there.
In generic terms, we take lower value feedstocks
and we transform it to higher value outputs
it's kind of a for plastic specifically it's like a commodity oil so we expect to get that liquid
output and we essentially sell it to a third party one of which is basically a cracker the
the steam crackers out there that are seeking that recycled oil to feed into their process for the manufacturing
of new plastics. So that is the 10,000th of use from my vantage point at least.
Great explanation. I want to make sure we have a chance for any other questions or thoughts to
get in here. I see a hand up from Tropic. Tropic, please jump in. Yep. I think you guys did a really good job explaining
the technical side of things, you know, without us being chemists. However, just a quick question,
I guess you'd say to summarize the actual business model of it. The last segment that you just said
was about getting the output out to plastic producers, but just for clarity's sake, the
majority of the revenue from this business model,
where does that come from?
Like the top, let's say one, two, three sources of revenue.
And then on the flip side,
the top expenses that goes into this process,
that way we can kind of balance to see
where this business is going.
So we see ourselves as a technology developer, right?
I know we mentioned several technologies.
Chief amongst them is hydrochloric technology with a primary goal of recycling waste plastic.
I know we, I guess, interchangeably use like us driving the output.
The technology itself is what's going to drive the process with the output.
We expect to primarily license the technology to third parties.
Some of those third parties, we're already engaged with them right now
as part of a customer engagement program.
An example could be Total Energies,
who's now engaged with us as part of a collaboration agreement.
But we want to be essentially independent of these larger players.
So in our future, if you're talking about five years from now,
10 years from now, we expect maybe 90% plus to be licensing.
If you're talking about our first one, two, three commercial deployments,
we are likely to own and operate those.
So we want to do our first scale-up commercialization as a Duraclean technology,
so we don't have to really get in bed with any of the major players out there
who will, at some point, want to try to get a lot closer with us.
And, you know, maybe, you know, I guess I'll talk historically.
Historically, a lot of players in the marketplace have gone the route
of getting married to one of the large players. We'd like to avoid that in our future. So
we want to have our course of action or our future in our hands. So we will primarily
target our own commercialization program. In parallel, of course, we're working on future
licensing agreements as we head towards commercialization.
So Tropic, please feel free to ask, you know, hit me back if I didn't answer your question.
Yep. So for clarity, basically the initial production that you guys are doing,
the actual like input and all that that you're doing is basically as a flagship,
the model to show what the technology could do, it can work, and then license it out to the bigger players so that way you're not necessarily in the manufacturer game. Is that correct? So right now we're scaling the technology, right? We're around the corner to
deploying your first pilot or industrial scale pilot. Early 27, late 26, we'll have our demonstration
unit. After a demonstration unit,
we're gonna have our first commercial scale unit.
We may deploy one, two or three.
It might be just the one.
So one primarily so we could show it in action
at a commercial scale, but as well,
we have through our engagement with stakeholders
and third parties, there's a lot of very opportunistic,
and I guess, locations,
feedstock operations that we have a line of sight on.
So we know we could make a good amount of margin, a good amount of money operating these units.
Our goal long term is not to have 100 plants.
Our goal is to maybe have a few to start with.
As long as it makes economic sense, which we expect it will, of course, globally,
we may choose to operate and build and operate those. But that is not our goal is not to scale the operations of that. It's really to just maybe we'll have a flagship in North America,
a flagship in Europe, maybe in Mexico, India. So maybe it's one or multiple flagships that will
all be very profitable as we seek to make them as profitable as we possibly can.
But medium to long term is to license the technology out to third parties that are very, very large.
So we're talking about processing capacity in the millions of tons per year.
That is not something that we would even contemplate getting into.
Those are very large companies.
They have the funds, the budget,
the know-how to deploy mega plans. They're looking for the technology. That's where we
want to plug in in the future as a technology provider. Okay. I think I got that pretty much
now. And last question directly related to that, because that kind of changes the whole expense
side, because it's a completely
different business model than I had in my head. But the last question that I have before I pass
the mic is when it comes to the actual, I guess you'd say the revenue stream of everything,
like this business model itself, is it viable economically without the legislative policies
and carbon credits and so forth?
So in other words, depending which country legislation and administration is in power,
would it be economically viable to businesses to go this route, even if those credits and
politicians and stuff are not involved in it?
So we're building this for a regulated or non-regulated environment, right? A place where there's subsidies and there's carbon credits and there's penalty for not recycling and others where there's none of that exist, right? own right so any small producer or small plastic manufacturer that generates enough waste to
generate 10 000 tons a year to be able to essentially build this right there so we want
this to be kind of a decentralized right-sized modular unit that can be deployed globally
yeah so to answer your question we can't definitively answer that question before
we are at the, you know, near the commercial scale. We are working towards those answers as we scale
up, right, from pilot to demo and then commercial. So if you're looking for a definitive answer,
that can only be delivered as we get closer to the next scale up. But that's what we're aiming
for, of course. Okay course okay really cool we can say
something on the logic here and the logic is that if you have regulated market then the fit stock is
more expensive and so the final product is more expensive non-regulated market and the fit stock
will be cheaper and the final product will be cheaper and so if you maintain sense there's a
you know sense of balancing there then you can see the future.
Saying all that, I think we should be very careful with the way people read the market.
This is a very dynamic market.
It's evolving and changing.
Eric just mentioned this is a very young market.
And it does change as we speak.
It started five, six years ago, ten years ago in one way.
And now it's taking different direction.
And so we have to respect that not everything on this ball is all on us.
We have to play our cards in light of what the market has.
And I think we have that level of flexibility.
Yeah, and I think that's the key word, level of flexibility, because of the multiple levers.
The lever, number one one being tolerance to contamination.
We can get cheaper feedstock, modular unit.
We could build something smaller so that we don't have to collect waste from further and further away.
The processing, OPEX, the CAPEX, the higher yield.
the higher yield, not every single element has to be at perfection.
Not every single element has to be at perfection.
If we hit even a portion of those elements, we're talking about a very strong opportunity.
Now, we're working on every single element to have an excellent opportunity in the future,
but not every single thing has to work out.
And we're working in a dynamics that's changing every day.
We think that the dynamics are changing in our
favor, right? No, we can't. We can't. We don't have a crystal ball in the future. But like Eric
mentioned, the trends regulate from a regulatory standpoint and from an industry standpoint
are all leading to a very strong, I don't want to say perfect storm, but very much the winds are
behind us, pushing us forward. But we can't really promise the future.
But I think we have the right elements in our favor.
Yeah, maybe a simple quote from my end.
In the end of the day, I'm a firm believer that sustainability cannot be paid by good
intentions.
It has to be paid by serious dollars.
And I go even as far to say that something that is more expensive apparently costed you more than you had to sacrifice.
Of course, we are up against an industry that has had more than 100 years of scale expansion and learning curve.
And we have a couple of things to do.
But in the end of the day
and i'm convinced of that we will be able to pay the bills and be profitable
jumping in here for a second mina i know we ran a little bit over time here
um i did want to give the chance for final comments we still have the myth stuff we also
got several questions from the audience people are pretty involved on this curious just
how if there's something specific you want to do with the last few minutes
uh i think i just want to make sure that people like this is there's a lot of moving parts uh to
the story uh it's not going to be something that is easily digested in like a 10-minute window here.
So I really recommend people to do their diligence,
really kind of review what we've said,
our press releases in the past 12 months.
Although we mentioned that the industry
is like a slow-burning industry,
but I think Eric mentioned this perfectly.
We as a duo are moving at really the speed of light,
like neck breaking speed compared to the industry itself.
So we are doing everything possibly to proceed safely,
diligently to essentially hit commercialization within the window that we've
kind of promised the marketplace.
And I think we're in line with our expectations.
It's not an easy feat, to say the least, right?
We are always doing things in parallel.
You know, while we're commissioning our pilot in the next little bit here,
we're already looking at steps that we need to do for the demonstration unit.
So things need to happen in sequence for the scale up to occur in the best possible way.
But any possible time saving that we can do as a company, we're constantly planning
and going back to the table at every move. So I think the team here is really putting their full effort forward.
And I know you've probably heard this from all our voices,
that not only proud of what we've done so far,
but really proud of the effort that every single team member is putting across.
And I've been involved in a lot of companies in my very long history here.
But working in a team where you're always pushed forward by everybody
else's hard work is the perfect storm for me, right? You want to be always driven by your own
ethics, but as well as how hard everybody around you is working. And I can tell you constantly,
that's how I feel. And I think everybody else feels we're always driven by the next person
next to us working even harder.
So I think we look forward to the next couple of spaces.
There's a lot that we haven't really addressed and haven't said,
a lot that we would like to share on plastics or otherwise,
on the other applications that are very exciting as well.
But I'll leave it there.
If there's any more questions, I'm happy to stay online, but I but i'm sure eric can offer as well maybe we could take those questions just write them up and have them you
know throughout the next spaces and next spaces that was exactly my thought that was exactly my
thought um we are going to i'm making a note right now so everybody you can use this space as a place
to just comment below and drop questions i'm taking taking the link for this space and I'm just throwing it on my calendar
for the next show that we're doing.
I'm just linking this in to that one.
So I'm just going to refer back to this on the next one.
We'll take the questions.
We are going to do our next space two weeks from today,
from today, Monday, October 13th at 4 p.m. Eastern. And it's going to be right at market
Monday, October 13th at 4 p.m. Eastern.
close on the Wolf Trading Show. The Wolf Financial Account will also be in there. I'll be in there.
But just putting that out there so everyone's aware of it when it's coming. That is Columbus
Day. The market is open. That is just a bank holiday. The market will be open for Columbus
Day. So we will be full steam ahead as always. I think that's
perfect. We'll keep the questions for the next one. We'll do quick 30 second final thoughts.
Mina, did you have something there? I think I'm good on my end. Perfect. So,
any final thoughts from you? Well, thank you very much for the audience for being with us.
You know, if you, you know, just give it a rest for a few months and come back,
our goal is to show you
that the company is a little bit different,
that we made a progress.
That's what I really,
I think we really want you to take away
and apologize if we couldn't answer today
for more questions.
We will maybe start next,
the next session with those questions.
So we'll commit to them.
Yeah, we're happy to take the questions i tried to work
in one or two in here but to be honest this was our first space that we're doing with the duro i
wanted to give the audience a baseline and a lot of good just general information and hopefully you
got that and again you know i've provided a lot more information up top for people to go look at
uh eric any final comments from yourself
you'll just have to tap that unmute button, Eric.
All right, not hearing from him.
There he is.
No. I just wanted to say that I have nothing to say.
That's it.
Hey, sometimes that's the best thing to say.
This was great.
Really, really appreciate the team coming on.
There are multiple people who commented below that they are multi-year holders of your stock.
And I think that hopefully they found this helpful and that just seeing the company come on and
actually talk to the audience, I think that that goes a long way. It's always meant a lot for me,
with anything that I own. And so whether you're a holder or not already, hopefully this was super helpful for you. That is going to do it for this show. Again, ticker is ADUR. If you want
to dig in and do some research, there is a link pinned up top in the space that has a ton of
research already put together for you, or you can just go online and search it up. If you put the
ticker into Twitter, you'll see a lot of people already talking about it. They're not going to
talk about the stock, but I will. It's at all-time highs, basically, about 20 cents off. I think it actually pressed within five cents of all-time highs here,
pretty much, because it's been moving in after hours. So, hey, I like to say all-time highs are
not bearish. I'll leave it at that. Ryan, I will turn it back over to you to close this show out.
I appreciate that, Gav. I just want to say thanks to Mina, Eric, and Ofer for coming on
and deep diving into this. I did some of my research ahead of time, and I came away
maybe with more questions, but definitely a better understanding. And I saw a ton of questions
down here, which we don't get on every space. So we're definitely going to bookmark several of
those and bring those up. I'm looking forward to the space we're going to have in a couple of weeks.
And yeah, you mentioned the chart perspective there. That was one of the first things as a
trader. I'm a trader and an investor both, but as a trader, the first thing I noticed was what a
great looking chart ADUR is right now. If you look at all the highs that were back in the summer and
then that breakout retest and a great move today. What great timing to have the team on here to dive into this.
A lot of hype around this name. I've seen it mentioned around social media as well.
So big shout out to the team. We appreciate them coming on with us. Make sure you bookmark that
next one coming up soon. Thanks to the panelists that hung out with us here tonight as well.
And of course, as always, this space was recorded.
So the first hour, you can hear our stock picks for the week show throughout that entire hour with market sentiment thoughts in that first half and some of our picks there in the second half for the weekly show that we do.
And then, of course, this wonderful interview with Aduro here the last hour, a little over an hour.
It was such a good show.
It just kept going.
So I really love that.
Appreciate everyone.
Thanks to the audience for tuning in tonight.
And you can see our full schedule of spaces there on the pinned tweet of the Wolf Financial
homepage right here on X.
We will be back tomorrow, 8 a.m. Eastern over on Wolf Trading for our futures show where
we talk futures trading,
education, psychology, all of that good stuff, and then get you ready for the stock market.
And make sure you set your reminders for all the great stuff we have coming up here on Wolf
Financial. We appreciate everyone. Have a great rest of your afternoon, evening, night, or if
you're like Stock Sniper, morning. Good morning to you. Wherever you're at in the world, we appreciate
you tuning into Wolf Financial. We'll catch you guys on the nextniper, morning, good morning to you. Wherever you're at in the world, we appreciate you tuning in to Wolf Financial.
We'll catch you guys on the next space.
Take care, everyone.
Thanks, everybody.
Thank you all. . .
