The main reason is it being undervalued. Stated previously, the market cap of the company prior to the offerings was roughly 140M. Granted it had a run before then from around 80M.
After a capital raise of 10M in cash and 150M new shares, the new share count is 190M.
Recapturing even the low end of the market cap all of 2025 around, to make the math easy, 100M, this is a multi bagger many times over at these levels.
The company also reported 40-50% year over year revenue growth. Products are available all over Amazon and online, and a recognized brand in the power industry.
A RS has been approved if needed, but the market has already built that into the current market value of 13M.
At 30M annual sales as of last year, at 50% revenue growth from the prior year, its quite possible revenue could reach 40-50-60M levels in the next report.
Trailing sales to market cap ratio is .4 right now, and possible as low as .25 for current operations if growth trajectory continues.
With 10M in cash and newly acquired property in a key location for development and shipments of their products...the current market cap just doesn't make any sense.
You could consider "fraud" being a Chinese company, but with established products for sale with thousands of great reviews online, it was worth a position imo at these levels.
I am watching ORIS today. Another Chinese company that stock price has collapsed. They had cashless warrants, collapsing sales year over year, but the stock has 5x'd off the lows and possibly not done.
I believe patience and accumulation will pay off on this one in the near term. Good luck!
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