The perfect storm,
Numerous factors are affecting our share price of late. I think that we each focus on our pet pieves, which may be the short position, lack of revenues, lack of substantive news etc etc.
Right now we have a situation where our share price is down significantly over the past two years and as a result we will/are seeing sellers looking to take advantage of tax losses by selling now and repurchasing 31 days from now.
Based on the latest intel from the AGM we will have to wait a couple months or more for PMRA approval. So shorts have nothing to worry about on HVAC contracts, coming any time soon.
As we are all aware, our Icephobic solution is being tested by Pattern Energy, which is the largest player in Canada for wind turbines. Pattern Energy is owned by the Canada Pension Plan, which is noteworthy, but again until the testing is finished and the results tabulated we will probably be into the spring of 2024 b4 we see a contract with Pattern Energy.
Our ZenArmor solution, which inhibits corrosion, is presently participating in an NRC challenge with the Air Force. Preliminary results favoured our solution by a 50% longer period than the best epoxy paints available. ZenArmor could pop with news at any time and contracts would be close behind as the anti-corrosion industry is huge.
At this point I think our best candidate is the Aptamer developments with McMaster University. This candidate could be bigger than all our our other tech combined. There is a lot of buzz surrounding Aptamers and they are gaining noteriety world-wide. The new technology platform, developed by McMaster, boasts a 500 fold improvement in its binding ability, is a huge step forward for the value of the Aptamer market. We are in a unique position of being the sole marketing/selling agent for this latest development. Big pharma want what we have as it will improve their results to date, immensely. It sounds like they are aware and we wait patiently for the first good offer to roll in. News of a deal with a Pharma company will blow the shorts out of the water, stop the tax loss selling and make the market put a value on our ZenGuard, IcePhobic and ZenArmor products.
Our market cap of $150 million is completely ridiculous and shows us just how out of touch the market can get on the downside. However, the market can be just as ridiculous on the upside. I wait for that day we can say our time in the sun has arrived!! I think 2024 will be a banner year for the shareholders of Zentek! Mark my words!
VH |
