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have a great interview lined up for you today with Michelle Omar, CEO of Digip Power X. It's a stock most of you should be familiar with because I had Michelle on this podcast. I interviewed him in April. The stock was around a dollar. It's over 350 now. It's gotten higher. It's pulled back a little bit along with some of these AI names. And I wanted to have him back on because the next three months, the catalysts that are coming are very, very important that are going to change the landscape of this company. If these catalysts are met, which I believe they are, you could determine that after you see the interview, it's going to drive the stock significantly higher from where it's trading today. You may be asking how high. Well, I'll let you determine that because we're looking at a company with a $250 million market cap with assets that are worth $2.5 billion. And I'm not talking about these crappy assets. I'm talking about megawws of power. It's the most valuable asset in the world right now. Hyperscalers are dying for it. So much so that they're signing up deals for SMRs that the technology and some of this uranium deals and 3M island aren't going to be available for four or five years from now. These guys have the power now. It's not just 200 megawatts of power. They have the ability to scale up to 400 megawatts of power. If you do the math, this is a Bitcoin miner where you're looking at tier one assets that are probably going for a million dollars for your Bitcoin miner per megawatt. They go from 10 to 15 million per megawatt once you convert. And those are the catalysts that are coming. the first conversion is coming and they're talking to some of the biggest hypers scales in the world if they're able to get this three months on time changing those assets for tier one to tier three and they sign up someone which they say you're going to hear I'm going to talk to Michelle right now he's going to say he's in negotiations with some of these guys he's talking to them right now this is a stock that could easily rerate and give you a 5x to 10x I'm in it personally I have a massive position in it I think a lot of you have positions in it early again it was a lot higher it was nice maybe got a little bit ahead of itself but now with these calls coming up I wanted to talk to Michelle personally to see, hey, what's going on with the company? I want him to be more transparent with his shareholders because what I hear and I have access to him and I see a lot of people who follow him through social media on Twitter, they don't have that much access. I've been to his house three different times, right? I've seen him personally and now they're looking to hire a PR firm, get more information out there, be more transparent. We're going to go over all this in an interview. And you know what? Let's get to that interview right now. Michelle Omar, CEO of DigiPower X, thanks so much for joining Wall Street Unplugged. How you doing? >> Good morning, Frank. I'm doing great. >> I interviewed you in April. Your stock was at a dollar. Then again in June, the stock was at 250 275. Today shares are trading close to $4. I guess let's start with this. What's different with your company today compared to say 6 months ago? So I would say the major difference today we reach liquidity through a a series of serious investors. A month and a half ago as you're aware Sitadel and Ken Griffin filed a 13G and announced that they were investors for the company. They invested I think 15 or 20 million then followed many institutions. So, so the big difference from a year ago or six months ago, we had basically only retail investors, low liquidity. Our volume average was about 60 to 100,000 shares a day. Today, our average volume is about 5 [snorts] and a half million shares a day. That's a tremendous improvement because we are liquid. Investors feel comfortable. They know they can get in and out if necessary. We are complete different company. We are liquid. The institutions are with us. They're expecting at least and when this catalyst will occur then I'll see a huge liquidity in our stock. >> Let's talk about those catalyst because you you have a lot going on with your company and this transition from tier one to tier three. Yeah. You've been working on this very early on compared to your competition. Talk about the progress. So I think that's what's really going to drive your stock higher going forward because you know you talk about the progress and I guess also the timeline since a lot's expected to happen over the next 3 months right Q1 2026 including activation of your first ARMS 200 tier 3 data center pod talk about the progress because I think you know if you're coming down to that timeline and you meet those timelines you know your investors and followers are going to be extremely happy you're going to see this progression but talk about the timeline and how everything's working out. Is it still scheduled for Q1 for next year? >> Absolutely. So, so our first arms 200 proprietary system is getting set up as we speak this month. Will be tested early January and will be active towards the second half of January, early Q1. We will start to be operating and we will share of course this new AI ready modular system that we built. It took us over a year between design being ready. So it's up to the standards of AI tier three data centers >> and we will be implementing them this month and early January. So we are progressing as planned a lot of action and it's a big catalyst for us. >> No very much so. So you know I you have a lot of followers on X that actually you know that have followed me into the stock as well and some really good you know young investors that analyzing the stock really great kids and stuff and some of them adults. Yeah, they were asking questions and I said, "Okay, if anyone has questions and one of their questions which I thought was interesting was a Smith micro partnership. I mean, how's that going?" It's the first B200 GPU cluster. Uh, how is that progressing? Because this links to something that you're very proud of, which is, you know, your neocloud's platform that's a retail computing platform. It's going to allow everyone on basically on demand access to all your GPUs. How is that progressing with Smith Micro? Is there any news coming out on that as well? >> Super Micro. Correct. So, Super Macro has been a very good partner to us. You know, they are the largest today global server supplier. I think they close to $45 billion. So we are leveraging our relationship to get all the necessary support on site for the setup of our modular system and of course on the software side with our new platform that we created called neocloudz.com which will be active as well in the next few weeks where you will be able to to rent GPU at a service per hour a little bit like some of our competition out there core wave or so on that would allow us to offer two different services. collocation where we sign a long lease and we rent our infrastructure uh a little bit like Terra Wolf and Cipher just did in the last few months and GPU at service where we rent the chip the B200 B300 and other actually other chips in the pipeline like the AMDs that are you know efficient but much lower prices so we set up a dual STR at that level. >> Yeah. Talk about because once this is set up, the next step obviously is to get these big clients which are the hyperscalers. You say in your last report, your Q3 report came out a couple weeks ago that you're in, you know, you're talking to them. You're very careful to say, look, it doesn't mean it's going to amount to anything. Could you describe what those talks are about? Because I see these hyperscalers, you know, you're looking at Microsoft, even Amazon, especially Microsoft, they're buying power where it comes to SMRs. They're buying power when it comes to nuclear 3M island power that's not going to be available for 5 years when you have existing power. It seems like once you transfer to tier three you're going to do it a lot sooner than these guys. What's the hold up for them actually signing this? Because you're not talking about 20 megawatt project. I mean you have 400 megawatts almost 400 of total capacity and and of course I'll come online maybe by 2028 whatever it is but it seems like that's a gift for an asset that they're in dire need of right now. What's the holdup of some of them actually saying, "Okay, hey, we're going to actually sign." Are they waiting for something? Are they waiting to see the transition? They're waiting for the Q1. I mean, what are they waiting for to actually sign these deals with you? >> Today, just to clarify, the power that we have online today is about 200 megawatt. We got one load study in upstate New York that got approved for an additional 60 megawatt at the power plant. And we updated our website, so you can see it there. We at 123 megawatt at the plant. And it's great because it's really green power all hydro power the 60 megawatt and then we got a an increase in Alabama from 55 to 70 megawatt. So basically between the three sites we have online today 200 megawatt that we could convert or pivot to AI infrastructure during 2026 and then 2028 we have an additional 200 megawatt in North Carolina. So to go back to the great catalyst of customer contract, we are talking to all the customer currently and basically we have an overwhelming demand of our infrastructure. It's up to us to pick and choose carefully what deal we're going to sign on a 10 year or 15 year deal because when you sign a 15 year deal or 10 year deal, you're kind of locked in for 10 or 15 years. So to make sure that we are getting the right deal is important number one because we are looking at long-term we don't need the instant gratification. As far as competition there's no available infrastructure in the near term. >> No one is sitting with infrastructure waiting for a customer. Okay. So the second point which is very important is that prices are going up in AI data infrastructure. they are going up. So if you look at the report from Bitform the last report they actually waiting few months to get 30 to 60% higher contract with customers because all the components every components for an AI infrastructure is rising up. We are sitting in a good position in a sense that we have now on the table four or five offers at least four offers on the table and we are trying to decide which one makes the most sense for us as a company to protect share you know shareholders values and I think this is our interest to make sure we pick the right customer with the right contract. It's interesting you say that because when I look at a company like coreweave and I consider the core weave different from the hyperscalers corweave tried to buy core scientific and when I look at the numbers I'll get to the valuation in a second but is that something because if you're in negotiations with these and you're kind of choosing and saying okay we have you very very large companies we know they're hyperscalers right and have deep pockets if you have the right to pick and choose where you have this demand on the table is a core we've come like they came in core scientific and they rejected that deal I think it was 9 billion it's just interesting Are you seeing anything from that and I don't know what you could disclose. I I know you know you're careful publicly traded company. It just for me thinking about it seems like coreweave if they knew that you were in line to get you know talking to four people and you have all this is kind of puts them in the core scientific they have I think 1.3 megawatt 1 is it 1300 megawatts of power and I think it was 900 but I'm just curious is it you're getting it from both sides as well or just from like those hyperscalers. there's few known uh uh brokers and you can read it in the PRs the brokers that broke the deal for Terra Wolf or Cipher. So, we're talking to all the players of course and what makes a player different from another as far as a customer contract is one is willing to give you better guarantees security. So, if you look at the deal with with Terra Wolf, it was backed by Google. So, it's a very secure deal. Okay. And when we are exposed to few deals, what is the best available deal for us? Security for sure. It's very important that we are secure that we're going to get paid for the next 10 years or 15 years >> and then we can bank on it. Then are they going to provide you know cash deposits two months, six months that also play into the for us to make a decision. So we are exposed to different deals. We're talking to all the players. A lot of these guys have more on their table that they can supply. They can fulfill the order book that they got. So, so Cory for instance who was relying on the co scientific lost all the core scientific power infrastructure. So they have to replace it. They kind of struggling to replace what they promised for their customers specifically Microsoft. So I think we're in a good position. We can't make you know light decisions. We have to make the right decision with the right customers. But I would say that it's imminent in the near future. We will start to announce contracts and develop as much as we can and scale up to 200 megawatt online in the near future, the next 12 to 15 months. And then we'll keep on going and that will increase our value as stated in the past a an AI infrastructure per megawatt is worth anywhere from 12 to 15 million per megawatt when it's finished and functioning as a lease option collocation option. So if we convert this 200 megawatt in the next 12 15 months 200 * 12 million a megawatt that's 2.4 billion right there. Okay, just for infrastructure then market cap is processing >> 250 million right now roughly right. So, >> so, so capex the first capex is for Alabama. I would say that capex because we are already online and we invested in the past as a tier one. I would say that upgrade from tier one to tier three will cost us around three three and a half million a megawatt. If we develop 70 megawatt in Alabama, which is about 50 megawatt of IT load, but cost us about 175 to $200 million of capex there because we already have the base. And then we have to develop New York as well and and convert and that will increase our value dramatically just from the infrastructure point of view. I mean you can confirm this isn't just a pie in the sky valuation by you know guys like some CEO right because when you look at what we look for as analysts is we look for comparisons and the core weave I mean they looked to buy core scientific and like you said it's you could get anywhere from tier three from 12 to 15 million per megawatt but you know we know core scientific doesn't have like those tier three right they're not available at tier three but that 9 billion valuation and that 9 billion they want to take over core scientific for and it was for about 900 megawatts of that power again a lot of that's not tier three and I mean that amounted to 10 million right just that 10 million when I look at you having close to 400 million megawatts power you know instead we just take the 55 million like you said and going to you know a conservative 10 million I mean it's 550 million and you're sitting in a market cap of 250 just for the first 55 megawatts which I think you said that should be finished by the end of 2026 to 55 megawatts is that correct >> that's correct we're going to scale up to that number yes >> and you go scale up to that number Wow, that's incredible. So, and then you have >> and we got an increase from 55 to 70 megawatt. We just got an increase an additional 15. So, we had 70 now in Alabama >> and that's for 2026, >> correct? >> So, let's go to 2027. You know, again, I don't want to go too far out. I don't like going past two years because anything could happen. Credit crisis, you know, COVID, whatever. You know, two two years out is not that long. You know, 2027, how many megawatts would be tier three? And you have another, I believe, 200 megawatts coming online from North Carolina in 2028. Is that correct? for 2027. Our plan is to we'll start in 2026 Q4, but our plan is to convert the 141 megawatt we have in upset New York. >> Now, when I look at the megawatts of power, there's a question I need to ask you. I'm I've grew up in New York all my life. I've been in Florida for the last 12 years, 13 years lately. It's a nightmare when it comes to politics there, when it comes to bureaucracy there. You have a lot, you know, your power. I think it's 140 megawatts of power in New York, which are, you know, which is a big part of this thesis. Do you see regulatory issues? I felt like this quarter you came out with positive news on New York, but I feel like there has been struggles in the past. Is it easy for them to deal with to get this online? Is it just a pain? Because it sometimes they don't even want a solution. They just want to make it, you know, be a pain in the ass and New York just to be a pain in the ass. But, you know, is there a problem with New York? Do you see New York coming online quickly? Is a little more difficult? Frank, we are very close to Terra Wolf our sites upstate New York and they some kind of pivot also in New York state they are they become pro AI data centers they became pro power and the reason why they became pro power a new study came out of the ISO stating that there's not enough power invest investment in New York state and New York is experiencing a very big problem of power supply and that's why our power plant actually yesterday was running for the grid at a very high price meaning they are paying us a lot of dollars to get our power because it's not enough power plants in New York state I think they're about 38 and two there are no new investment in New York state they got so scared of New York regulatory issues that they place their investment in Texas in other states but not in New York State. So, so New York State is really behind and now they have to play catchup and they have to favor and push power in New York State in order to cope with the demand. So, so I think it's a reversal there. They are very AI friendly now. They are very even SMR friendly. I just want to remind everyone that last year we filed an IFR with Nanuclear about an SMR so we can get grants. I think we filed for a grant of $350 million >> to replace eventually our turbines, our gas turbines with SMR turbines so we can have clean energy. So, so we are on the right path here to not only supply power but to supply green power. We already got this load study approved for 60 megawatt which is 99% green. It's hydro wind. So we I think we are in a very good position in New York state. Good reversal there. What is some of the risks you see? Because someone from the outside looking at this stock for the first time is seeing like, wow, these guys have, you know, 200 megawatts could scale up to 400 megawatts. Massive asset that the biggest companies in the world with the deep pockets are in dire need for just because they're signing, you know, SMR deals and nuclear deals 5 to 20 years out. Again, a lot of that power is not going to be available. SMR is not going to be available probably 2028, 2029 from what I hear from my insiders from in the uranium industry. talk a little bit about that part in terms of how do you get I guess more attention to your stock here because when I'm looking at everything together it's getting more attention a lot of people don't really know about it how do you get more people involved I know you said you know in your PR as well you know bringing all that together for me if you can because now you're seeing more and more people come online you're seeing big investors coming to your stock which you get to in a minute but how do we bring this all together and what are some of the risks you see going forward >> I would say the biggest challenge which we are overcoming is the fear of dilution to finance the expansion of the business and some people were complaining about the ad the market raises that we did in the last few months and I understand their feeling. I want to really reiterate that I'm one of the biggest investor since 2016. I invested $8 million of my own personal dollars that I never, you know, recoup. It's there in the company. [snorts] That's one. Two, in order to create liquidity, in order to leverage and have access to line of credit, in order to pick to finance the expansion through equity versus debt, if debt is dangerous or debt is too high, you need a minimum of cash, which we actually realized in the last few months. I think we have a little bit over $90 million cash and no debts which is extraordinary. So, so people complain say oh but you diluted but while we diluted we created two strategic consequences. First we have liquidity 40x or 50x liquidity which is very important to attract institutions. B, we have the necessary cash that took off the ongoing concerns on our statement. Now we know we can be comfortable wave the storm. If something happen, there's a crisis, we will not go out of business. So there's no risk of us going at a very strong balance sheet, very low rate. From our last quarter, you can see that we are not burning cash. We were actually 1 cent positive earning. We're not burning cash. You have to make decisions as you grow. As we grow our market cap, as we grow our business, we need to have a ratio of debt financing and equity financing. That makes sense. The lowest cost of equity financing are the ATM. You basically sell at retail versus if you do private raise, it's there's a discount. There are sometimes warrants. We don't give warrants anymore. Uh so we have a much ser approach to uh to uh equity raises and it worked for the stock price. The stock price is up dramatically for a year to date. >> You know what I think a lot of people and it's a good discussion you know it been announced for 30 years. People are concerned about delution. It was one of the things I loved about you most when I first met you. This is before April when we did our interview at your house. I've been in the house several times in Miami. to to to get this I like talking face to face and you told me how important in your industry how you don't want to dilute because in your industry you see that all the time like nobody wants to sell their Bitcoin holdings if you look at Bitcoin miners your competitors they diluted the crap out of shareholders it's sad and you just saw a stock price like this with the market cap going higher but you're using dilution even Microsoft if you look early on all these companies diluted but if you're raising money which is going to increase a share count and you do it that way and you're doing it where you're putting it to work to change your assets that are worth 1 million to 10 15 million I mean, that's what as an investor you want. So, I think people have this, you know, speaking about dilution. It's terrible. It's No, it's not. It's terrible if you're paying bills for a lawsuit. It's terrible if you're using it to pay employees and stuff like that. But when you're using it strictly for growth, which you are, you know, I've always, you know, realized that about you because I had you on, I think the second time, and you were saying, "Hey, we're not going to have a lot of dilution." All of a sudden, there was dilution. And don't quote me on this. I think it was like $15 million >> and that was from Ken Griffin coming in. So if I don't need money for my company or if you don't need money, if there's someone out there that has a corporation say, "Hey, I don't need money. I'm fully cash." And Warren Buffett comes along and says, "Hey, you know, we'd like to invest in your company." You got to take the check. You have to take the check. >> Talk about that because Ken Griffin, you have Peter Lynch as an investor. Do you actually talk to I think Peter Lynch, you said, you know, you're friends with, but do you talk to these investors and they talk about strategy with you now that becoming bigger investors? >> 100%. So So of course we talk to them. I talk to them personally and it's simple math. Okay. If I convert my 200 megawatt that's online today, if I convert them in the next 12 to 15 months at a very conservative value of 12 million megawatt, if I convert 200 megawatt times 12 million, we are worth 2.4 billion. >> Now, if we are worth 2.4 4 billion and we need to invest and dilute a little bit to get there. Everybody's going to win, including myself as a major shareholder of a company. Because if I raise couple hundred million dollars to get to an evaluation of 2.4 billion, it's a win-win. We're going to win. The stock price will go up. The market cap will go up. We achieve the goal. Do I not dilute at all and I don't grow my business and I just wait that the revolution of AI you know works in front of me and I just look at it no you you have to be smart we have to be strategic about the the raises of course okay it has to be done in a proper way and not with no exaggeration as you mentioned rightfully I'm not here to take money to go on vacation every dollar we raise is used for capex in in order to create value. So if I put three three and a half million dollars a megawatt that's worth 12 to $15 million megawatt every dollar I put is worth 5x I'm creating value for the company therefore for the shareholders they have to see it that way that's very important [snorts] of course everybody in that space is using the ATM Tesla use the ATM every month every tech company use ATM because you constantly need to invest and be up to date and grow the business and and the market cap potential is there. It's only a matter of execution >> and it seems like you guys are executing perfectly well especially with your timeline still firm which you actually had in your presentation 6 months ago that hey Q1 is going to be you know a big deal for you guys. Talk about the capex spending. I'm looking at you know I think it was a little over 3 million spent this quarter. Say if you put it to 12 months, 1215 million, you have 90 million in cash on the balance sheet. You have the ATM. Seems like you guys are perfectly liquid to to grow this company to where you want it to be. When you look at the 90 million in cash though, some of that is in Bitcoin, Ethereum. I know when it comes to Bitcoin miners, it's like, you know, you're going to die if you ever tell anyone you sell your Bitcoin, but is there since some of that is Bitcoin, have you ever thought about selling some Bitcoin or is it like you're one of those, hey, we're holding Bitcoin forever? I know you have Ethereum as well because it seems like those guys would rather raise capital and dilute. And remember, they're doing it for a business that's not scalable because when it comes to Bitcoin mining, you have to pay more to generate more, right? You got to buy more systems, you got to buy more electricity in order to generate more money. I'm just curious on that end with you if you can answer that question. >> You know, our goal is to pivot 100% to AI infrastructure for the obvious reasons because it's much more valuable. The current digital assets we got represent maybe 15% 60% of the total. I think we have $75 million cash and deposits maybe $80 million total and then the rest are few bitcoin 100 bitcoin and thousand ethereum. So, so, so it's not a big ratio of what we got and as we are pivoting out of Bitcoin mining and focusing on AI infrastructure by 27 it won't even be a subject for us. You [clears throat] know, we our business will be AI data processing infrastructure and we will be focused on that and not combining at all, not treasury. We're not here to buy Bitcoin, sell Bitcoin, all bitcoins. We just happen to have bitcoins. We are in a low cycle. So it would be a mistake to sell you know our Bitcoin Ethereum today. So we keep it as a small digital asset. We're not growing it. We're not buying. We won't use the cash to buy Bitcoin or Ethereum or any cryptocurrency. The cash is strictly to build our AI infrastructure. >> Do you provide forecast? You have Q4 coming up. Will you provide like a year forecast? I mean when I look at the amount of money that you could generate and see this as being 90 hundred million in sales 12 to 18 months from now I mean this is all modeled out and stuff you know do you guys provide those type of forecasts and would you do that in Q4 or is it you more of a conservative basis which again you don't have to but it's just you know seeing the numbers when I see your numbers and even what's going to come next year when you have a lot of these megawatts going into tier three you also have energy sales coming in you know Bitcoin you have some Bitcoin on balance sheet it just seems like everything's firing on all cylinders here, you know, and providing that number, I think if people see it and they're like, "Wait, what's the market cap of this company?" It's 250 million. They like, "This thing should be, you know, over a billion dollars." Do you guys like forecast that far out or is it okay, we're just looking, you know, cuz you guys do a great job of providing a timeline and what you're going to do over that timeline. But I just wondering if you guys forecast numbers because when I look at the forecast for the numbers, if you guys really are on point for the first six months of the year, those numbers command a much much higher stock price in here >> internally with our forecast publicly because of the regulations. It's very hard to publicly disclose forecast. You need to disclose it upon customer contracts. As a general guidance, I would say that there are two type of revenue in our business on the AI. There's the collocation and basically the collocation. It's about $150 a kilowatt per month. So you can, you know, take a calculator and do the math. I mean, you know, share those who are interested to understand what it means. But 150 kilowatt per month per megawatt. Okay. And in terms of GPU at service, you can go to all the sites and you'll realize that it goes anywhere from 350 I would say the lowest for the new chips as high as $15 $20 an hour depending on the contract. If you have a three-year contract, two-year contract, one year contract, if you use it partially, it goes anywhere from 350. very high margin business. And that goes very fast because if you take one megawatt, you can fit about 500 chips in a one megawatt cluster and you multiply 500 times take for argument sakes $500* $5 time 24 hours time 30 and that gives you a number per megawatt of income to have some kind of guidance of the potential revenues. >> And that's pretty much what we did as well. So I guess one of the final questions here is I know I think I saw that you're looking to hire PR team. You have to be getting more attention now because when names like Peter Lynch are investing in your company which is a name a lot of people in this generation haven't heard of. I grew up in and one of the best investors ever. One of the best performing hedge fun managers everly. You have Ken Griffin investing your company personally. Andrew Citadel which is you know $65 billion you know fund. You know how do you handle it? Because what I see from you and meeting you is a cool personality. you love pickle ball, you travel, fashion, and stuff like that. I think it's coming out to to you're probably going to see you do more interviews and everything that's going to bring on more attention. How do you handle that part? Because as you're getting more attention, you're getting more eyeballs on you. It seems like that's happening, especially when I look at the volume of your stock compared to 9 months ago. I mean, is this fun time for you? Is it more responsible? This is like, wow, we're getting a lot of eyeballs on it. How do you handle that as a small company that's transitioning into something that seems like it's going to be much bigger? >> It's actually very exciting. By the way, it's adult tennis, not pickle ball. It's a different test spot but it's okay. Okay. We are very excited. Of course we are as we are getting you know as we are growing into this AI data infrastructure we are about to get a CTO we got to get a head of IR to communicate with the investors because sometimes you know we are very busy executing on on site the construction and the realization of our modular system and that's very important to us but you're right it's also important to communicate and respond to the investor ers and questions. So, so we hiring people to handle that and to communicate better. Uh the reason why we were a little bit short in staff is that I hate to bleed. I [clears throat] hate to lose the dollars in operation. You know, I love revenues to support the growth of our team. So now that we have, you know, the capital to expand, we have to invest in human resources as well. And we are doing that in a very strategic way. We are doing that so we can support our growth at every level on the site in terms of pivoting to tier three and in communication as well. >> Yeah. And listen, I really appreciate you joining us and how busy you are. And it's great that you're hiring a team and more, you know, communication, more transparency cuz I know how difficult that part is covering small caps all my life where you know, yeah, it's nice to have growth, but sometimes when you have so much growth at the same time, you have to hire the right people and it's not as easy because I know you've been so successful doing it with Bitcoin mining, nice successful here. I think investors are going to love because they see that you're prepared for the next stage of growth here and what you're doing and I think that really came out in this interview and yeah, listen, my investors are really happy. I just want to thank you. We've covered you since a little over a dollar. It's $4 and we haven't sold. A lot of us haven't sold. So, you know, I think people are going to be really happy with this update and I just want to say thank you so much for coming on and give us that update and good luck because man, you're busy. You have a lot of goals to achieve and a lot of investors are behind you. So, which is really cool. Thank you so much for coming on. >> I appreciate it, friend. Thank you so much. Thank you guys. >> Okay, guys. Great stuff. It amazes me how a tiny company like this is able to get investors like Peter Lynch and Ken Griffin. You don't see that often in small caps. These are guys that are not buying. I mean, Ken Griffin filed over 5% holder. So, you know, you're not going to file if you want to be in and out of the stock. You really wouldn't do that. Peter Lynch as well. I mean, you know, he talks to these guys and they could see the value of this. This is an incredibly valuable asset. I think it's an easy story to understand. And look, some of these companies stepped in and that's okay. That's how you can make a fortune. Hey, we got all this power, a Bitcoin miner. And he was in Bitcoin mining since 2016, right? He was ahead of the curve before everyone started getting into this. But if you look at the comparisons that I told you within Coree by Core Scientific and even if you discount it, this stock should easily be trading at $10. If they're able to convert to that 55 megawatts of power and then in 2027 they follow up in 2028. I think it's going to be easier and easier with the money that they're going to generate. They have capital now through the ATM. They're sitting on a lot a huge cash balance of what's the market cap 250 million 90 million in cash which includes Bitcoin, Ethereum holdings. It's a company just really well positioned. And I think people are going to start learning about this story pretty soon because when you see these big investors get in, it's really exciting. So, let's see what this company does. There is risk to every investment. Again, I'm a huge investor in this stock personally, not selling shares at all. I came in during their round, I think it was like 260 where I put in some money into the stock and I think we had some of our investors in our Kursia one membership as well, which I'll get to in a second, have come into that to that name. We got a small allocation when they were raising I think $5 million. I think we got 500,000. I told all the investors, I'll take out the whole thing by myself, but we have investors come in and, you know, I got a nice piece of that. So, let's see. A lot of it has to do with execution, but we're sitting on on a company here that we recommended early. I don't mind that it was like $6 for a minute. It came down to 350. We went at a dollar. It's nice to see this. This is what happens with small companies in trends like this, but this trend isn't going away. We have a dire need for power. I've covered this before and these guys are just sitting there with these massive assets. the companies, the biggest companies in the world with the deepest pockets are dying for and paying massive premiums for. And that's not going to change as long as we continue to see capex accelerate for AI. And even if it slows down from here, they still need power. They don't know how they're going to get power to fund their AI needs. This company sitting with real electricity, real assets, and it's pretty exciting. I'm glad our investors got in very early. I want to end with this, and this is about our Kurio1 membership. So if you're a Kursia one member, we're launching the Savvy deal next week. The companies are going to raise around 5 million and we're able to get a piece of this. These are the type of deals we're able to get now. So it's not these private secondary deals in mining and stuff like that. You know, I have great connections there. These are private deals that are coming to us instead of going to Wall Street because they don't like, you know, Wall Street's not looking to take a position in these and believe in the company, right? They're looking to make money as quick as possible and hedge funds and venture capital firms and stuff like that. So now that we're getting bigger in terms of our CRI one membership, we're able to raise 5 million, 6 million. We raised 8 million for one of our first deals. Our average is around 2 million. A lot of companies are coming to us and they see what's going on. They see how our investor list is an amazing investor list. Really great investors. People love to invest. People who ask lots of questions which they like if you're a real company. And they're coming to us now. And it's really exciting. I mean, you know, a deal like this just to explain if you're Kio one member, you know about Savvy. I actually interviewed Eric, the CEO, Eric Golder, on this podcast and I thought we were going to get a piece of the deal when they raised money. However, someone wrote a very large check then and he, you know, apologized and he said, "Look, we're going to come up with the next stage of funding and now the next stage of funding." Now, it's not like missed the boat from then to now. There's massive growth taking place with this platform. And if you don't know Eric, he founded bed &re.com, sold to home away in 2010, eight figure exit. Co-founded turnkey vacation rentals, sold to Vicasa in 2021, nine figure exit. Okay, this is like a a Dorsy, right? This is someone who knows Peter Teal how to create companies and he's in the right space, the hospitality space. He's doing the same thing all over again. He launched Savvy, which is a platform you can check out for yourself. Go to savvy.com. And it's an alternative to Airbnb and Verbbo. And Eric saw a disconnect in this market and he heard you know he knows a lot of people in the industry he has you know just it's amazing to see who joined him as a list of advisors companies these people CEOs the biggest names in the industry are advising because they see this disconnect where Airbnb and Verbbo great services they used to use all the time they have raised prices astronomically over the past 18 months and that opens the door to more disruption and that's what he saw. So Savvy charges no fees to their customers and lets them save probably 15 to 20%. That's how much we're paying in fees. But instead, you're like, "Okay, then how does this company make money?" They do it through kind of like an SEO model where companies can pay to get their home listings to the top of the search results and they can offer other services. and he was going over that and we have a great interview where Eric was at our conference Kersio one and I can't tell you how many people I would I'd be surprised if we had over 100 people from our Kurio one membership there I'll be surprised if not 90% of them are investing in this deal because once they got to see him not only that at our conference Kersio one all the CEOs hung around and I wanted them to hang around I said hey listen you know you need to talk to your investors they know that they're good companies but they all reported back to me and I'm not talking about the main event which is Monday. Tuesday was a breakfast. They could have all left. They were all at the breakfast. They were all like at that breakfast and we had like a special podcast and again they're talking to all the investors and all of them said this you know the investor list that you have is incredible. These guys are engaged. They're good people. Not everybody who comes into Kersio one again they have their own companies. Maybe they don't know about you know the finance angle too much when it comes to stocks and private investing. And what we do is we set up this membership where we do everything for you right and these are deals that I'm going in personally. And once you're in the membership, there's no pressure to invest in deals. My job is to bring good deals to you. And now we have amazing deal flow. We actually have another company. I'm going to California next week to see early stage companies. It's fascinating and fly out to Sacramento in a week to just go see them, see the management team and go to this facility to, you know, test that their products and stuff like that. But the Curs One membership is really cool. We got a lot of members there. And, you know, when we set up these deals, we do almost everything for you, right? We put everything in Docu Sign. We let you know you have to be in a credit investor. Eric said he wanted a $100,000 minimum. I said, "It's not going to work. you have to go to 25. So 25,000 is usually the minimum investment for us. Anyone that comes into this club, I always say you have to be in you try to invest in at least three of these deals for these deals cuz some of them aren't going to work. This is risky investing. One of them works would cover 20 of your other investments usually, right? Cuz that because you're in at such an early stage and it's my job to vet these things and you know and present deals to you and either you're in, you're out. That's perfectly fine. There's no pressure once you're in the membership. It just my goal is to present you lots of ideas and we've been fortunate doing this for several years now that now we're getting the deal flow that we're getting is absolutely incredible like deals like this. We're investing behind someone with a nine figure exit and a eight figure exit. Okay, you go back to the Savvy interview. I interviewed him a few months ago, maybe about four or five months ago and you go into the archives and see it and you know it's really exciting. But this platform is already live. It's growing like a weed right now. It's over 150,000 properties listed. Over 3,000 property managers already signed up and they were begging for an alternative since Airbnb and Verbbo have raised prices considerably right over the past 18 24 months. The momentum this company is seeing month- over-month growth is 52%. And in October, which is the last month that they gave us reported, the platform saw 92% month- over-month growth. Not year-over-year. It's easy to grow your numbers by hundreds of percent if you really didn't have a business a year from now. He's talking month- over-month growth. You're seeing this massive growth take place. Again, 150,000 properties listed. You could go on that site right now. It actually puts the same property that's listed. If it's listed other areas where it's listed, no bias. It'll be Airbnb and it'll show you the price differential of how much you could save by doing this through Savvy. And sometimes maybe, you know, it might not be that big, right? So, it doesn't matter. But I love the transparency where now he's going to show through Verbbo. If this property is listed on Verbbo, if it's listed on Airbnb and then Savvy, it's going to show the difference in price. And as a customer, I mean, 15 20% allows you to get a personal chef. It allows you to, you know, go rent your own boat with your family, right? When you're going on these vacations and stuff and using Airbnbs and Verbos, I mean, 20% of that, which is what, $5,000 minimum, you're going to be paying $1,000. Think you could do an extra $1,000 for most people. Sometimes people will pay more or a little bit less, but saving 20% allows you to really, you know, scale up, have nicer nicer stuff, nicer excursions or wherever you're going to go. So, it's a really big deal in his office. something that's been in someone's been in this industry their whole entire life over 30 years and has made a fortune working and finding the disconnects and having the right investors and now we have access to this deal. So Eric did speak at a crazy one conference in Fort Lauderdale and that was last month like I just said and holy cow I'd be surprised if most of the investors I mean I'm getting emails now when's Savvy come? When's Savvy coming? It's coming next week. So if you're a CRO one member the deals available next week just getting the final paperwork ready. We put all the stuff in docy sign. We go over everything with people and say, "Okay, if you want to invest, that's fine. If you don't, that's okay." We connect you with the company. We show we're going to show the video of my interview with him and then I'll come up with, you know, more statistics and everything of why we're investing and how much I invest in these deals. Again, you're coming in alongside me, which is really cool for these deals. And so far, you know, the club membership has been fantastic and we're just getting really good deals. And I think some of them are going to pay off where, you know, DGX has paid off. People were able to invest a few at 260. That stock went to much much higher, right? and they got warrants on that deal. Really cool. Coming out next week. If you're not a Curtis One member and you're interested, we lowered this price considerably. We used to have a much higher price tag and a lifetime membership and pay a maintenance fee. And we said, "No, let's do an annual membership." Why did I do that? An annual membership is $5,000. First of all, you're going to get access to all our products and services, which is worth probably about $25,000, right? If we sell them all at retail, maybe about 2025,000. You get all those for free. And you get access to a Kirio one wealth form every year which everyone who was there said not everyone but I mean almost everyone had positive feedback sent us testimonials. I can't tell you how many people I heard saying that's the best conference they've ever been to because I interviewed everyone. They had access to the CEOs. It was fun. We had entertainment. You know it was just really cool and everyone's down to earth and talking. It wasn't like you know any everyone checked their ego at the door. It didn't matter how much money you had. It was all about connection and that's what that one membership is about is connecting. It's not. And I told people in my opening speech, look, you don't have to be best friends with people. You don't have to call them every day. But if you know someone that builds data centers and someone else who's, you know, one of the large independent bond fund managers, we had person who's responsible for launching over 700 deals. Now, you have access to these people when you talk to them. You call them and say, "Hey, what do you think of this or what do you think of that?" Or is it, you know, having that network is incredibly valuable. It's where most of my ideas come from, right? Yes, I work hard and travel and find ideas, but a lot of these come from different sources that I trust over my 30-year career. and bringing this all together for that price tag where you you want to be able to invest in several of these deals. If you're interested in coming in, I talked to you one-on-one beforehand. So, I knew most of the people. I spoken to most of the people who were at my event and that's the first time I saw them in person, which was great, right? Which is awesome. I had to spend time with so many of these people. But, if you're interested in coming in, let me know. We're getting access to really amazing private deals. Yes, the private market's opening up. I think that's incredibly dangerous. They're saying they're going to open up more to investors and through funds. I think it's dangerous because people don't know how what's under the hood in these deals. It could be a great company like we saw with spaxs. Most of the spaxs, those companies are very good high growing companies. They just were three 400 million and they came out at 10 billion, 8 billion, 7 billion valuations and now they're down 90% plus, right? 95% of those deals are down more than 90%. in spaxs of all the ones that are listed whatever 300, 400, 500 that were listed in the periods from I think it's late 2020 to 2022 have gotten annihilated because the big guys and Wall Street took advantage. They've done pipe deals. They'll come out at $10. They had shares at 50 cents, $150. They had no lockups. They didn't have to disclose warrants. They have to do any of that They basically robbed you on Wall Street. That doesn't happen in this membership. I'm vetting the deals. I'm letting people know if they're And I call people out. I've called people out and turned deals away and said this is a shitty deal. We'll look at a raise at a 20 million valuation. I said, I'll raise it at a 3 million valuation. No way. Worth more than that. Okay, bye. Go. They never raise money. Okay, so that's my job because I'm putting my own money behind these deals, right? So now that we have access to deals like this, the next deal is from people are launching from the Slim Fast fortune. It's very exciting. I don't want to talk about it cuz I'm going there to do the final part of the research and if I don't like it, I'm not going to pitch it, but it's something it's one of the most exciting deals that that we've ever had that's going to come out probably in about 3 weeks or a month from now if everything goes well on my trip to California. So, if you're interested in coming in as a Kersia one member and speaking to me personally, email me frankresesearch.com. Again, we lower this price because we want more people as we have more and more people now our investments get bigger. If we were able to raise 5 million or 10 million or 20 million for these companies, we're almost bypassing Wall Street and we're getting some of these amazing deals even in biotech again. And then you have access to our conference where I had 12 interviews that I did and most of them private companies that all these guys are invested in and our investors are invested in. They get to talk directly to the CEOs. It was a really nice event. It was really cool. But just that whole package where you get all of our products and services, every single newsletter that we offer is really cool. And then if you're a credit investor, you have access to all of these deals and you get to pick and choose. There's no like, hey, you got to get into this deal. No. Hey, here's the deal. You can call me, ask questions, and be like, it's not right for me. And I'll tell you, I'll be like, hey, this deal is very risky, but if you're right, it's a 100xer or this deal is a little more safer. It's cool. They're generating lots of revenue. Company like Sugarfina, I mean, Sugarfina presented there. Scott Leaport is the CEO. We're invested in early. They just signed an LOI where they're going to go public in two months. And we got warrants on that deal. By Q2, they're gonna go public, which is really exciting. And they're selling their candy in the hotel that we were at. I mean, it's a massive company, right? So, you know, these are the deals we're able to get into. It's a lot of fun right now and I really like that membership. I think everyone who's in it considers it a bargain. It's really cool. But that's what we want to do. We want to give access to these types of deals. And now that we're growing, now that our platform is growing, now we have access to the right people giving us these types of deals. It's really exciting. So, if you're interested in learning more about KIO1, feel free to give me a shout, frankarch.com. And if you do in the next week and a half, you're going to have access to get into this savvy deal if you're at a credit investor. And we walk you through this. I hate to say handholding because, you know, it sounds babyish, but it's true. And sometimes you need that, right? No matter your sophistication of how smart you are in your industry, it's fine. This is what we do. We walk you through. We get go through docu sign. Here's what you have to sign. Someday you're a credit investor. You'll get the certificates after they close a deal, which sometimes happens 30, 60 days later. And I'm here for you. You have direct access to me. You get my my my personal phone number. And people text me. I tell them, "Don't text me to let me know, you know, the Eagles won, which they haven't won." And they looked absolutely disgusting. >> [laughter] >> last game which is frustrating me. But yeah, you have access to me. Any questions, I'm here for you. And it's a really cool membership. I'm really proud of it and really proud of our conference that we launched last month. And I'm glad everyone had a really good time. But you can have access to that, all of our products and services and access. I would say it's at least minimum five, six, seven deals a year. It might be two or three. There might be 10. Depends on what deals come out. I'm looking at deals all the time. And for me to select them and invest in them, they have to be special. We have to get, you know, a really good deal on the table. I'm helping structure those deals now and it's resulting in getting it at really favorable terms very early where if some of these things work out it's a game changer. It really is a game changer and that's really what we want, right? We want to generate as much money and generational wealth as we can and it's really exciting. So if you're interested in the Kursaw one membership feel free to give me a shout frankresearch.com you can get to Savvy Deal and if you're a current one member that's okay you're going to have access to all these deals. The Sav deal is coming out. We're going to try to launch it next week. I think we'll launch it next week. just going through the paperwork, putting everything in docuign now and going over the final touches and make sure that process is very easy for anyone that wants to come
DGXX Set to 5X? | One-on-One with CEO Michel Amar
Summary
Sign up for weekly trade recommendations: https://curzio.me/lp-wsup AI infrastructure is heating up… and DigiPower X (DGXX) is …Transcript
have a great interview lined up for you today with Michelle Omar, CEO of Digip Power X. It's a stock most of you should be familiar with because I had Michelle on this podcast. I interviewed him in April. The stock was around a dollar. It's over 350 now. It's gotten higher. It's pulled back a little bit along with some of these AI names. And I wanted to have him back on because the next three months, the catalysts that are coming are very, very important that are going to change the landscape of this company. If these catalysts are met, which I believe they are, you could determine that after you see the interview, it's going to drive the stock significantly higher from where it's trading today. You may be asking how high. Well, I'll let you determine that because we're looking at a company with a $250 million market cap with assets that are worth $2.5 billion. And I'm not talking about these crappy assets. I'm talking about megawws of power. It's the most valuable asset in the world right now. Hyperscalers are dying for it. So much so that they're signing up deals for SMRs that the technology and some of this uranium deals and 3M island aren't going to be available for four or five years from now. These guys have the power now. It's not just 200 megawatts of power. They have the ability to scale up to 400 megawatts of power. If you do the math, this is a Bitcoin miner where you're looking at tier one assets that are probably going for a million dollars for your Bitcoin miner per megawatt. They go from 10 to 15 million per megawatt once you convert. And those are the catalysts that are coming. the first conversion is coming and they're talking to some of the biggest hypers scales in the world if they're able to get this three months on time changing those assets for tier one to tier three and they sign up someone which they say you're going to hear I'm going to talk to Michelle right now he's going to say he's in negotiations with some of these guys he's talking to them right now this is a stock that could easily rerate and give you a 5x to 10x I'm in it personally I have a massive position in it I think a lot of you have positions in it early again it was a lot higher it was nice maybe got a little bit ahead of itself but now with these calls coming up I wanted to talk to Michelle personally to see, hey, what's going on with the company? I want him to be more transparent with his shareholders because what I hear and I have access to him and I see a lot of people who follow him through social media on Twitter, they don't have that much access. I've been to his house three different times, right? I've seen him personally and now they're looking to hire a PR firm, get more information out there, be more transparent. We're going to go over all this in an interview. And you know what? Let's get to that interview right now. Michelle Omar, CEO of DigiPower X, thanks so much for joining Wall Street Unplugged. How you doing? >> Good morning, Frank. I'm doing great. >> I interviewed you in April. Your stock was at a dollar. Then again in June, the stock was at 250 275. Today shares are trading close to $4. I guess let's start with this. What's different with your company today compared to say 6 months ago? So I would say the major difference today we reach liquidity through a a series of serious investors. A month and a half ago as you're aware Sitadel and Ken Griffin filed a 13G and announced that they were investors for the company. They invested I think 15 or 20 million then followed many institutions. So, so the big difference from a year ago or six months ago, we had basically only retail investors, low liquidity. Our volume average was about 60 to 100,000 shares a day. Today, our average volume is about 5 [snorts] and a half million shares a day. That's a tremendous improvement because we are liquid. Investors feel comfortable. They know they can get in and out if necessary. We are complete different company. We are liquid. The institutions are with us. They're expecting at least and when this catalyst will occur then I'll see a huge liquidity in our stock. >> Let's talk about those catalyst because you you have a lot going on with your company and this transition from tier one to tier three. Yeah. You've been working on this very early on compared to your competition. Talk about the progress. So I think that's what's really going to drive your stock higher going forward because you know you talk about the progress and I guess also the timeline since a lot's expected to happen over the next 3 months right Q1 2026 including activation of your first ARMS 200 tier 3 data center pod talk about the progress because I think you know if you're coming down to that timeline and you meet those timelines you know your investors and followers are going to be extremely happy you're going to see this progression but talk about the timeline and how everything's working out. Is it still scheduled for Q1 for next year? >> Absolutely. So, so our first arms 200 proprietary system is getting set up as we speak this month. Will be tested early January and will be active towards the second half of January, early Q1. We will start to be operating and we will share of course this new AI ready modular system that we built. It took us over a year between design being ready. So it's up to the standards of AI tier three data centers >> and we will be implementing them this month and early January. So we are progressing as planned a lot of action and it's a big catalyst for us. >> No very much so. So you know I you have a lot of followers on X that actually you know that have followed me into the stock as well and some really good you know young investors that analyzing the stock really great kids and stuff and some of them adults. Yeah, they were asking questions and I said, "Okay, if anyone has questions and one of their questions which I thought was interesting was a Smith micro partnership. I mean, how's that going?" It's the first B200 GPU cluster. Uh, how is that progressing? Because this links to something that you're very proud of, which is, you know, your neocloud's platform that's a retail computing platform. It's going to allow everyone on basically on demand access to all your GPUs. How is that progressing with Smith Micro? Is there any news coming out on that as well? >> Super Micro. Correct. So, Super Macro has been a very good partner to us. You know, they are the largest today global server supplier. I think they close to $45 billion. So we are leveraging our relationship to get all the necessary support on site for the setup of our modular system and of course on the software side with our new platform that we created called neocloudz.com which will be active as well in the next few weeks where you will be able to to rent GPU at a service per hour a little bit like some of our competition out there core wave or so on that would allow us to offer two different services. collocation where we sign a long lease and we rent our infrastructure uh a little bit like Terra Wolf and Cipher just did in the last few months and GPU at service where we rent the chip the B200 B300 and other actually other chips in the pipeline like the AMDs that are you know efficient but much lower prices so we set up a dual STR at that level. >> Yeah. Talk about because once this is set up, the next step obviously is to get these big clients which are the hyperscalers. You say in your last report, your Q3 report came out a couple weeks ago that you're in, you know, you're talking to them. You're very careful to say, look, it doesn't mean it's going to amount to anything. Could you describe what those talks are about? Because I see these hyperscalers, you know, you're looking at Microsoft, even Amazon, especially Microsoft, they're buying power where it comes to SMRs. They're buying power when it comes to nuclear 3M island power that's not going to be available for 5 years when you have existing power. It seems like once you transfer to tier three you're going to do it a lot sooner than these guys. What's the hold up for them actually signing this? Because you're not talking about 20 megawatt project. I mean you have 400 megawatts almost 400 of total capacity and and of course I'll come online maybe by 2028 whatever it is but it seems like that's a gift for an asset that they're in dire need of right now. What's the holdup of some of them actually saying, "Okay, hey, we're going to actually sign." Are they waiting for something? Are they waiting to see the transition? They're waiting for the Q1. I mean, what are they waiting for to actually sign these deals with you? >> Today, just to clarify, the power that we have online today is about 200 megawatt. We got one load study in upstate New York that got approved for an additional 60 megawatt at the power plant. And we updated our website, so you can see it there. We at 123 megawatt at the plant. And it's great because it's really green power all hydro power the 60 megawatt and then we got a an increase in Alabama from 55 to 70 megawatt. So basically between the three sites we have online today 200 megawatt that we could convert or pivot to AI infrastructure during 2026 and then 2028 we have an additional 200 megawatt in North Carolina. So to go back to the great catalyst of customer contract, we are talking to all the customer currently and basically we have an overwhelming demand of our infrastructure. It's up to us to pick and choose carefully what deal we're going to sign on a 10 year or 15 year deal because when you sign a 15 year deal or 10 year deal, you're kind of locked in for 10 or 15 years. So to make sure that we are getting the right deal is important number one because we are looking at long-term we don't need the instant gratification. As far as competition there's no available infrastructure in the near term. >> No one is sitting with infrastructure waiting for a customer. Okay. So the second point which is very important is that prices are going up in AI data infrastructure. they are going up. So if you look at the report from Bitform the last report they actually waiting few months to get 30 to 60% higher contract with customers because all the components every components for an AI infrastructure is rising up. We are sitting in a good position in a sense that we have now on the table four or five offers at least four offers on the table and we are trying to decide which one makes the most sense for us as a company to protect share you know shareholders values and I think this is our interest to make sure we pick the right customer with the right contract. It's interesting you say that because when I look at a company like coreweave and I consider the core weave different from the hyperscalers corweave tried to buy core scientific and when I look at the numbers I'll get to the valuation in a second but is that something because if you're in negotiations with these and you're kind of choosing and saying okay we have you very very large companies we know they're hyperscalers right and have deep pockets if you have the right to pick and choose where you have this demand on the table is a core we've come like they came in core scientific and they rejected that deal I think it was 9 billion it's just interesting Are you seeing anything from that and I don't know what you could disclose. I I know you know you're careful publicly traded company. It just for me thinking about it seems like coreweave if they knew that you were in line to get you know talking to four people and you have all this is kind of puts them in the core scientific they have I think 1.3 megawatt 1 is it 1300 megawatts of power and I think it was 900 but I'm just curious is it you're getting it from both sides as well or just from like those hyperscalers. there's few known uh uh brokers and you can read it in the PRs the brokers that broke the deal for Terra Wolf or Cipher. So, we're talking to all the players of course and what makes a player different from another as far as a customer contract is one is willing to give you better guarantees security. So, if you look at the deal with with Terra Wolf, it was backed by Google. So, it's a very secure deal. Okay. And when we are exposed to few deals, what is the best available deal for us? Security for sure. It's very important that we are secure that we're going to get paid for the next 10 years or 15 years >> and then we can bank on it. Then are they going to provide you know cash deposits two months, six months that also play into the for us to make a decision. So we are exposed to different deals. We're talking to all the players. A lot of these guys have more on their table that they can supply. They can fulfill the order book that they got. So, so Cory for instance who was relying on the co scientific lost all the core scientific power infrastructure. So they have to replace it. They kind of struggling to replace what they promised for their customers specifically Microsoft. So I think we're in a good position. We can't make you know light decisions. We have to make the right decision with the right customers. But I would say that it's imminent in the near future. We will start to announce contracts and develop as much as we can and scale up to 200 megawatt online in the near future, the next 12 to 15 months. And then we'll keep on going and that will increase our value as stated in the past a an AI infrastructure per megawatt is worth anywhere from 12 to 15 million per megawatt when it's finished and functioning as a lease option collocation option. So if we convert this 200 megawatt in the next 12 15 months 200 * 12 million a megawatt that's 2.4 billion right there. Okay, just for infrastructure then market cap is processing >> 250 million right now roughly right. So, >> so, so capex the first capex is for Alabama. I would say that capex because we are already online and we invested in the past as a tier one. I would say that upgrade from tier one to tier three will cost us around three three and a half million a megawatt. If we develop 70 megawatt in Alabama, which is about 50 megawatt of IT load, but cost us about 175 to $200 million of capex there because we already have the base. And then we have to develop New York as well and and convert and that will increase our value dramatically just from the infrastructure point of view. I mean you can confirm this isn't just a pie in the sky valuation by you know guys like some CEO right because when you look at what we look for as analysts is we look for comparisons and the core weave I mean they looked to buy core scientific and like you said it's you could get anywhere from tier three from 12 to 15 million per megawatt but you know we know core scientific doesn't have like those tier three right they're not available at tier three but that 9 billion valuation and that 9 billion they want to take over core scientific for and it was for about 900 megawatts of that power again a lot of that's not tier three and I mean that amounted to 10 million right just that 10 million when I look at you having close to 400 million megawatts power you know instead we just take the 55 million like you said and going to you know a conservative 10 million I mean it's 550 million and you're sitting in a market cap of 250 just for the first 55 megawatts which I think you said that should be finished by the end of 2026 to 55 megawatts is that correct >> that's correct we're going to scale up to that number yes >> and you go scale up to that number Wow, that's incredible. So, and then you have >> and we got an increase from 55 to 70 megawatt. We just got an increase an additional 15. So, we had 70 now in Alabama >> and that's for 2026, >> correct? >> So, let's go to 2027. You know, again, I don't want to go too far out. I don't like going past two years because anything could happen. Credit crisis, you know, COVID, whatever. You know, two two years out is not that long. You know, 2027, how many megawatts would be tier three? And you have another, I believe, 200 megawatts coming online from North Carolina in 2028. Is that correct? for 2027. Our plan is to we'll start in 2026 Q4, but our plan is to convert the 141 megawatt we have in upset New York. >> Now, when I look at the megawatts of power, there's a question I need to ask you. I'm I've grew up in New York all my life. I've been in Florida for the last 12 years, 13 years lately. It's a nightmare when it comes to politics there, when it comes to bureaucracy there. You have a lot, you know, your power. I think it's 140 megawatts of power in New York, which are, you know, which is a big part of this thesis. Do you see regulatory issues? I felt like this quarter you came out with positive news on New York, but I feel like there has been struggles in the past. Is it easy for them to deal with to get this online? Is it just a pain? Because it sometimes they don't even want a solution. They just want to make it, you know, be a pain in the ass and New York just to be a pain in the ass. But, you know, is there a problem with New York? Do you see New York coming online quickly? Is a little more difficult? Frank, we are very close to Terra Wolf our sites upstate New York and they some kind of pivot also in New York state they are they become pro AI data centers they became pro power and the reason why they became pro power a new study came out of the ISO stating that there's not enough power invest investment in New York state and New York is experiencing a very big problem of power supply and that's why our power plant actually yesterday was running for the grid at a very high price meaning they are paying us a lot of dollars to get our power because it's not enough power plants in New York state I think they're about 38 and two there are no new investment in New York state they got so scared of New York regulatory issues that they place their investment in Texas in other states but not in New York State. So, so New York State is really behind and now they have to play catchup and they have to favor and push power in New York State in order to cope with the demand. So, so I think it's a reversal there. They are very AI friendly now. They are very even SMR friendly. I just want to remind everyone that last year we filed an IFR with Nanuclear about an SMR so we can get grants. I think we filed for a grant of $350 million >> to replace eventually our turbines, our gas turbines with SMR turbines so we can have clean energy. So, so we are on the right path here to not only supply power but to supply green power. We already got this load study approved for 60 megawatt which is 99% green. It's hydro wind. So we I think we are in a very good position in New York state. Good reversal there. What is some of the risks you see? Because someone from the outside looking at this stock for the first time is seeing like, wow, these guys have, you know, 200 megawatts could scale up to 400 megawatts. Massive asset that the biggest companies in the world with the deep pockets are in dire need for just because they're signing, you know, SMR deals and nuclear deals 5 to 20 years out. Again, a lot of that power is not going to be available. SMR is not going to be available probably 2028, 2029 from what I hear from my insiders from in the uranium industry. talk a little bit about that part in terms of how do you get I guess more attention to your stock here because when I'm looking at everything together it's getting more attention a lot of people don't really know about it how do you get more people involved I know you said you know in your PR as well you know bringing all that together for me if you can because now you're seeing more and more people come online you're seeing big investors coming to your stock which you get to in a minute but how do we bring this all together and what are some of the risks you see going forward >> I would say the biggest challenge which we are overcoming is the fear of dilution to finance the expansion of the business and some people were complaining about the ad the market raises that we did in the last few months and I understand their feeling. I want to really reiterate that I'm one of the biggest investor since 2016. I invested $8 million of my own personal dollars that I never, you know, recoup. It's there in the company. [snorts] That's one. Two, in order to create liquidity, in order to leverage and have access to line of credit, in order to pick to finance the expansion through equity versus debt, if debt is dangerous or debt is too high, you need a minimum of cash, which we actually realized in the last few months. I think we have a little bit over $90 million cash and no debts which is extraordinary. So, so people complain say oh but you diluted but while we diluted we created two strategic consequences. First we have liquidity 40x or 50x liquidity which is very important to attract institutions. B, we have the necessary cash that took off the ongoing concerns on our statement. Now we know we can be comfortable wave the storm. If something happen, there's a crisis, we will not go out of business. So there's no risk of us going at a very strong balance sheet, very low rate. From our last quarter, you can see that we are not burning cash. We were actually 1 cent positive earning. We're not burning cash. You have to make decisions as you grow. As we grow our market cap, as we grow our business, we need to have a ratio of debt financing and equity financing. That makes sense. The lowest cost of equity financing are the ATM. You basically sell at retail versus if you do private raise, it's there's a discount. There are sometimes warrants. We don't give warrants anymore. Uh so we have a much ser approach to uh to uh equity raises and it worked for the stock price. The stock price is up dramatically for a year to date. >> You know what I think a lot of people and it's a good discussion you know it been announced for 30 years. People are concerned about delution. It was one of the things I loved about you most when I first met you. This is before April when we did our interview at your house. I've been in the house several times in Miami. to to to get this I like talking face to face and you told me how important in your industry how you don't want to dilute because in your industry you see that all the time like nobody wants to sell their Bitcoin holdings if you look at Bitcoin miners your competitors they diluted the crap out of shareholders it's sad and you just saw a stock price like this with the market cap going higher but you're using dilution even Microsoft if you look early on all these companies diluted but if you're raising money which is going to increase a share count and you do it that way and you're doing it where you're putting it to work to change your assets that are worth 1 million to 10 15 million I mean, that's what as an investor you want. So, I think people have this, you know, speaking about dilution. It's terrible. It's No, it's not. It's terrible if you're paying bills for a lawsuit. It's terrible if you're using it to pay employees and stuff like that. But when you're using it strictly for growth, which you are, you know, I've always, you know, realized that about you because I had you on, I think the second time, and you were saying, "Hey, we're not going to have a lot of dilution." All of a sudden, there was dilution. And don't quote me on this. I think it was like $15 million >> and that was from Ken Griffin coming in. So if I don't need money for my company or if you don't need money, if there's someone out there that has a corporation say, "Hey, I don't need money. I'm fully cash." And Warren Buffett comes along and says, "Hey, you know, we'd like to invest in your company." You got to take the check. You have to take the check. >> Talk about that because Ken Griffin, you have Peter Lynch as an investor. Do you actually talk to I think Peter Lynch, you said, you know, you're friends with, but do you talk to these investors and they talk about strategy with you now that becoming bigger investors? >> 100%. So So of course we talk to them. I talk to them personally and it's simple math. Okay. If I convert my 200 megawatt that's online today, if I convert them in the next 12 to 15 months at a very conservative value of 12 million megawatt, if I convert 200 megawatt times 12 million, we are worth 2.4 billion. >> Now, if we are worth 2.4 4 billion and we need to invest and dilute a little bit to get there. Everybody's going to win, including myself as a major shareholder of a company. Because if I raise couple hundred million dollars to get to an evaluation of 2.4 billion, it's a win-win. We're going to win. The stock price will go up. The market cap will go up. We achieve the goal. Do I not dilute at all and I don't grow my business and I just wait that the revolution of AI you know works in front of me and I just look at it no you you have to be smart we have to be strategic about the the raises of course okay it has to be done in a proper way and not with no exaggeration as you mentioned rightfully I'm not here to take money to go on vacation every dollar we raise is used for capex in in order to create value. So if I put three three and a half million dollars a megawatt that's worth 12 to $15 million megawatt every dollar I put is worth 5x I'm creating value for the company therefore for the shareholders they have to see it that way that's very important [snorts] of course everybody in that space is using the ATM Tesla use the ATM every month every tech company use ATM because you constantly need to invest and be up to date and grow the business and and the market cap potential is there. It's only a matter of execution >> and it seems like you guys are executing perfectly well especially with your timeline still firm which you actually had in your presentation 6 months ago that hey Q1 is going to be you know a big deal for you guys. Talk about the capex spending. I'm looking at you know I think it was a little over 3 million spent this quarter. Say if you put it to 12 months, 1215 million, you have 90 million in cash on the balance sheet. You have the ATM. Seems like you guys are perfectly liquid to to grow this company to where you want it to be. When you look at the 90 million in cash though, some of that is in Bitcoin, Ethereum. I know when it comes to Bitcoin miners, it's like, you know, you're going to die if you ever tell anyone you sell your Bitcoin, but is there since some of that is Bitcoin, have you ever thought about selling some Bitcoin or is it like you're one of those, hey, we're holding Bitcoin forever? I know you have Ethereum as well because it seems like those guys would rather raise capital and dilute. And remember, they're doing it for a business that's not scalable because when it comes to Bitcoin mining, you have to pay more to generate more, right? You got to buy more systems, you got to buy more electricity in order to generate more money. I'm just curious on that end with you if you can answer that question. >> You know, our goal is to pivot 100% to AI infrastructure for the obvious reasons because it's much more valuable. The current digital assets we got represent maybe 15% 60% of the total. I think we have $75 million cash and deposits maybe $80 million total and then the rest are few bitcoin 100 bitcoin and thousand ethereum. So, so, so it's not a big ratio of what we got and as we are pivoting out of Bitcoin mining and focusing on AI infrastructure by 27 it won't even be a subject for us. You [clears throat] know, we our business will be AI data processing infrastructure and we will be focused on that and not combining at all, not treasury. We're not here to buy Bitcoin, sell Bitcoin, all bitcoins. We just happen to have bitcoins. We are in a low cycle. So it would be a mistake to sell you know our Bitcoin Ethereum today. So we keep it as a small digital asset. We're not growing it. We're not buying. We won't use the cash to buy Bitcoin or Ethereum or any cryptocurrency. The cash is strictly to build our AI infrastructure. >> Do you provide forecast? You have Q4 coming up. Will you provide like a year forecast? I mean when I look at the amount of money that you could generate and see this as being 90 hundred million in sales 12 to 18 months from now I mean this is all modeled out and stuff you know do you guys provide those type of forecasts and would you do that in Q4 or is it you more of a conservative basis which again you don't have to but it's just you know seeing the numbers when I see your numbers and even what's going to come next year when you have a lot of these megawatts going into tier three you also have energy sales coming in you know Bitcoin you have some Bitcoin on balance sheet it just seems like everything's firing on all cylinders here, you know, and providing that number, I think if people see it and they're like, "Wait, what's the market cap of this company?" It's 250 million. They like, "This thing should be, you know, over a billion dollars." Do you guys like forecast that far out or is it okay, we're just looking, you know, cuz you guys do a great job of providing a timeline and what you're going to do over that timeline. But I just wondering if you guys forecast numbers because when I look at the forecast for the numbers, if you guys really are on point for the first six months of the year, those numbers command a much much higher stock price in here >> internally with our forecast publicly because of the regulations. It's very hard to publicly disclose forecast. You need to disclose it upon customer contracts. As a general guidance, I would say that there are two type of revenue in our business on the AI. There's the collocation and basically the collocation. It's about $150 a kilowatt per month. So you can, you know, take a calculator and do the math. I mean, you know, share those who are interested to understand what it means. But 150 kilowatt per month per megawatt. Okay. And in terms of GPU at service, you can go to all the sites and you'll realize that it goes anywhere from 350 I would say the lowest for the new chips as high as $15 $20 an hour depending on the contract. If you have a three-year contract, two-year contract, one year contract, if you use it partially, it goes anywhere from 350. very high margin business. And that goes very fast because if you take one megawatt, you can fit about 500 chips in a one megawatt cluster and you multiply 500 times take for argument sakes $500* $5 time 24 hours time 30 and that gives you a number per megawatt of income to have some kind of guidance of the potential revenues. >> And that's pretty much what we did as well. So I guess one of the final questions here is I know I think I saw that you're looking to hire PR team. You have to be getting more attention now because when names like Peter Lynch are investing in your company which is a name a lot of people in this generation haven't heard of. I grew up in and one of the best investors ever. One of the best performing hedge fun managers everly. You have Ken Griffin investing your company personally. Andrew Citadel which is you know $65 billion you know fund. You know how do you handle it? Because what I see from you and meeting you is a cool personality. you love pickle ball, you travel, fashion, and stuff like that. I think it's coming out to to you're probably going to see you do more interviews and everything that's going to bring on more attention. How do you handle that part? Because as you're getting more attention, you're getting more eyeballs on you. It seems like that's happening, especially when I look at the volume of your stock compared to 9 months ago. I mean, is this fun time for you? Is it more responsible? This is like, wow, we're getting a lot of eyeballs on it. How do you handle that as a small company that's transitioning into something that seems like it's going to be much bigger? >> It's actually very exciting. By the way, it's adult tennis, not pickle ball. It's a different test spot but it's okay. Okay. We are very excited. Of course we are as we are getting you know as we are growing into this AI data infrastructure we are about to get a CTO we got to get a head of IR to communicate with the investors because sometimes you know we are very busy executing on on site the construction and the realization of our modular system and that's very important to us but you're right it's also important to communicate and respond to the investor ers and questions. So, so we hiring people to handle that and to communicate better. Uh the reason why we were a little bit short in staff is that I hate to bleed. I [clears throat] hate to lose the dollars in operation. You know, I love revenues to support the growth of our team. So now that we have, you know, the capital to expand, we have to invest in human resources as well. And we are doing that in a very strategic way. We are doing that so we can support our growth at every level on the site in terms of pivoting to tier three and in communication as well. >> Yeah. And listen, I really appreciate you joining us and how busy you are. And it's great that you're hiring a team and more, you know, communication, more transparency cuz I know how difficult that part is covering small caps all my life where you know, yeah, it's nice to have growth, but sometimes when you have so much growth at the same time, you have to hire the right people and it's not as easy because I know you've been so successful doing it with Bitcoin mining, nice successful here. I think investors are going to love because they see that you're prepared for the next stage of growth here and what you're doing and I think that really came out in this interview and yeah, listen, my investors are really happy. I just want to thank you. We've covered you since a little over a dollar. It's $4 and we haven't sold. A lot of us haven't sold. So, you know, I think people are going to be really happy with this update and I just want to say thank you so much for coming on and give us that update and good luck because man, you're busy. You have a lot of goals to achieve and a lot of investors are behind you. So, which is really cool. Thank you so much for coming on. >> I appreciate it, friend. Thank you so much. Thank you guys. >> Okay, guys. Great stuff. It amazes me how a tiny company like this is able to get investors like Peter Lynch and Ken Griffin. You don't see that often in small caps. These are guys that are not buying. I mean, Ken Griffin filed over 5% holder. So, you know, you're not going to file if you want to be in and out of the stock. You really wouldn't do that. Peter Lynch as well. I mean, you know, he talks to these guys and they could see the value of this. This is an incredibly valuable asset. I think it's an easy story to understand. And look, some of these companies stepped in and that's okay. That's how you can make a fortune. Hey, we got all this power, a Bitcoin miner. And he was in Bitcoin mining since 2016, right? He was ahead of the curve before everyone started getting into this. But if you look at the comparisons that I told you within Coree by Core Scientific and even if you discount it, this stock should easily be trading at $10. If they're able to convert to that 55 megawatts of power and then in 2027 they follow up in 2028. I think it's going to be easier and easier with the money that they're going to generate. They have capital now through the ATM. They're sitting on a lot a huge cash balance of what's the market cap 250 million 90 million in cash which includes Bitcoin, Ethereum holdings. It's a company just really well positioned. And I think people are going to start learning about this story pretty soon because when you see these big investors get in, it's really exciting. So, let's see what this company does. There is risk to every investment. Again, I'm a huge investor in this stock personally, not selling shares at all. I came in during their round, I think it was like 260 where I put in some money into the stock and I think we had some of our investors in our Kursia one membership as well, which I'll get to in a second, have come into that to that name. We got a small allocation when they were raising I think $5 million. I think we got 500,000. I told all the investors, I'll take out the whole thing by myself, but we have investors come in and, you know, I got a nice piece of that. So, let's see. A lot of it has to do with execution, but we're sitting on on a company here that we recommended early. I don't mind that it was like $6 for a minute. It came down to 350. We went at a dollar. It's nice to see this. This is what happens with small companies in trends like this, but this trend isn't going away. We have a dire need for power. I've covered this before and these guys are just sitting there with these massive assets. the companies, the biggest companies in the world with the deepest pockets are dying for and paying massive premiums for. And that's not going to change as long as we continue to see capex accelerate for AI. And even if it slows down from here, they still need power. They don't know how they're going to get power to fund their AI needs. This company sitting with real electricity, real assets, and it's pretty exciting. I'm glad our investors got in very early. I want to end with this, and this is about our Kurio1 membership. So if you're a Kursia one member, we're launching the Savvy deal next week. The companies are going to raise around 5 million and we're able to get a piece of this. These are the type of deals we're able to get now. So it's not these private secondary deals in mining and stuff like that. You know, I have great connections there. These are private deals that are coming to us instead of going to Wall Street because they don't like, you know, Wall Street's not looking to take a position in these and believe in the company, right? They're looking to make money as quick as possible and hedge funds and venture capital firms and stuff like that. So now that we're getting bigger in terms of our CRI one membership, we're able to raise 5 million, 6 million. We raised 8 million for one of our first deals. Our average is around 2 million. A lot of companies are coming to us and they see what's going on. They see how our investor list is an amazing investor list. Really great investors. People love to invest. People who ask lots of questions which they like if you're a real company. And they're coming to us now. And it's really exciting. I mean, you know, a deal like this just to explain if you're Kio one member, you know about Savvy. I actually interviewed Eric, the CEO, Eric Golder, on this podcast and I thought we were going to get a piece of the deal when they raised money. However, someone wrote a very large check then and he, you know, apologized and he said, "Look, we're going to come up with the next stage of funding and now the next stage of funding." Now, it's not like missed the boat from then to now. There's massive growth taking place with this platform. And if you don't know Eric, he founded bed &re.com, sold to home away in 2010, eight figure exit. Co-founded turnkey vacation rentals, sold to Vicasa in 2021, nine figure exit. Okay, this is like a a Dorsy, right? This is someone who knows Peter Teal how to create companies and he's in the right space, the hospitality space. He's doing the same thing all over again. He launched Savvy, which is a platform you can check out for yourself. Go to savvy.com. And it's an alternative to Airbnb and Verbbo. And Eric saw a disconnect in this market and he heard you know he knows a lot of people in the industry he has you know just it's amazing to see who joined him as a list of advisors companies these people CEOs the biggest names in the industry are advising because they see this disconnect where Airbnb and Verbbo great services they used to use all the time they have raised prices astronomically over the past 18 months and that opens the door to more disruption and that's what he saw. So Savvy charges no fees to their customers and lets them save probably 15 to 20%. That's how much we're paying in fees. But instead, you're like, "Okay, then how does this company make money?" They do it through kind of like an SEO model where companies can pay to get their home listings to the top of the search results and they can offer other services. and he was going over that and we have a great interview where Eric was at our conference Kersio one and I can't tell you how many people I would I'd be surprised if we had over 100 people from our Kurio one membership there I'll be surprised if not 90% of them are investing in this deal because once they got to see him not only that at our conference Kersio one all the CEOs hung around and I wanted them to hang around I said hey listen you know you need to talk to your investors they know that they're good companies but they all reported back to me and I'm not talking about the main event which is Monday. Tuesday was a breakfast. They could have all left. They were all at the breakfast. They were all like at that breakfast and we had like a special podcast and again they're talking to all the investors and all of them said this you know the investor list that you have is incredible. These guys are engaged. They're good people. Not everybody who comes into Kersio one again they have their own companies. Maybe they don't know about you know the finance angle too much when it comes to stocks and private investing. And what we do is we set up this membership where we do everything for you right and these are deals that I'm going in personally. And once you're in the membership, there's no pressure to invest in deals. My job is to bring good deals to you. And now we have amazing deal flow. We actually have another company. I'm going to California next week to see early stage companies. It's fascinating and fly out to Sacramento in a week to just go see them, see the management team and go to this facility to, you know, test that their products and stuff like that. But the Curs One membership is really cool. We got a lot of members there. And, you know, when we set up these deals, we do almost everything for you, right? We put everything in Docu Sign. We let you know you have to be in a credit investor. Eric said he wanted a $100,000 minimum. I said, "It's not going to work. you have to go to 25. So 25,000 is usually the minimum investment for us. Anyone that comes into this club, I always say you have to be in you try to invest in at least three of these deals for these deals cuz some of them aren't going to work. This is risky investing. One of them works would cover 20 of your other investments usually, right? Cuz that because you're in at such an early stage and it's my job to vet these things and you know and present deals to you and either you're in, you're out. That's perfectly fine. There's no pressure once you're in the membership. It just my goal is to present you lots of ideas and we've been fortunate doing this for several years now that now we're getting the deal flow that we're getting is absolutely incredible like deals like this. We're investing behind someone with a nine figure exit and a eight figure exit. Okay, you go back to the Savvy interview. I interviewed him a few months ago, maybe about four or five months ago and you go into the archives and see it and you know it's really exciting. But this platform is already live. It's growing like a weed right now. It's over 150,000 properties listed. Over 3,000 property managers already signed up and they were begging for an alternative since Airbnb and Verbbo have raised prices considerably right over the past 18 24 months. The momentum this company is seeing month- over-month growth is 52%. And in October, which is the last month that they gave us reported, the platform saw 92% month- over-month growth. Not year-over-year. It's easy to grow your numbers by hundreds of percent if you really didn't have a business a year from now. He's talking month- over-month growth. You're seeing this massive growth take place. Again, 150,000 properties listed. You could go on that site right now. It actually puts the same property that's listed. If it's listed other areas where it's listed, no bias. It'll be Airbnb and it'll show you the price differential of how much you could save by doing this through Savvy. And sometimes maybe, you know, it might not be that big, right? So, it doesn't matter. But I love the transparency where now he's going to show through Verbbo. If this property is listed on Verbbo, if it's listed on Airbnb and then Savvy, it's going to show the difference in price. And as a customer, I mean, 15 20% allows you to get a personal chef. It allows you to, you know, go rent your own boat with your family, right? When you're going on these vacations and stuff and using Airbnbs and Verbos, I mean, 20% of that, which is what, $5,000 minimum, you're going to be paying $1,000. Think you could do an extra $1,000 for most people. Sometimes people will pay more or a little bit less, but saving 20% allows you to really, you know, scale up, have nicer nicer stuff, nicer excursions or wherever you're going to go. So, it's a really big deal in his office. something that's been in someone's been in this industry their whole entire life over 30 years and has made a fortune working and finding the disconnects and having the right investors and now we have access to this deal. So Eric did speak at a crazy one conference in Fort Lauderdale and that was last month like I just said and holy cow I'd be surprised if most of the investors I mean I'm getting emails now when's Savvy come? When's Savvy coming? It's coming next week. So if you're a CRO one member the deals available next week just getting the final paperwork ready. We put all the stuff in docy sign. We go over everything with people and say, "Okay, if you want to invest, that's fine. If you don't, that's okay." We connect you with the company. We show we're going to show the video of my interview with him and then I'll come up with, you know, more statistics and everything of why we're investing and how much I invest in these deals. Again, you're coming in alongside me, which is really cool for these deals. And so far, you know, the club membership has been fantastic and we're just getting really good deals. And I think some of them are going to pay off where, you know, DGX has paid off. People were able to invest a few at 260. That stock went to much much higher, right? and they got warrants on that deal. Really cool. Coming out next week. If you're not a Curtis One member and you're interested, we lowered this price considerably. We used to have a much higher price tag and a lifetime membership and pay a maintenance fee. And we said, "No, let's do an annual membership." Why did I do that? An annual membership is $5,000. First of all, you're going to get access to all our products and services, which is worth probably about $25,000, right? If we sell them all at retail, maybe about 2025,000. You get all those for free. And you get access to a Kirio one wealth form every year which everyone who was there said not everyone but I mean almost everyone had positive feedback sent us testimonials. I can't tell you how many people I heard saying that's the best conference they've ever been to because I interviewed everyone. They had access to the CEOs. It was fun. We had entertainment. You know it was just really cool and everyone's down to earth and talking. It wasn't like you know any everyone checked their ego at the door. It didn't matter how much money you had. It was all about connection and that's what that one membership is about is connecting. It's not. And I told people in my opening speech, look, you don't have to be best friends with people. You don't have to call them every day. But if you know someone that builds data centers and someone else who's, you know, one of the large independent bond fund managers, we had person who's responsible for launching over 700 deals. Now, you have access to these people when you talk to them. You call them and say, "Hey, what do you think of this or what do you think of that?" Or is it, you know, having that network is incredibly valuable. It's where most of my ideas come from, right? Yes, I work hard and travel and find ideas, but a lot of these come from different sources that I trust over my 30-year career. and bringing this all together for that price tag where you you want to be able to invest in several of these deals. If you're interested in coming in, I talked to you one-on-one beforehand. So, I knew most of the people. I spoken to most of the people who were at my event and that's the first time I saw them in person, which was great, right? Which is awesome. I had to spend time with so many of these people. But, if you're interested in coming in, let me know. We're getting access to really amazing private deals. Yes, the private market's opening up. I think that's incredibly dangerous. They're saying they're going to open up more to investors and through funds. I think it's dangerous because people don't know how what's under the hood in these deals. It could be a great company like we saw with spaxs. Most of the spaxs, those companies are very good high growing companies. They just were three 400 million and they came out at 10 billion, 8 billion, 7 billion valuations and now they're down 90% plus, right? 95% of those deals are down more than 90%. in spaxs of all the ones that are listed whatever 300, 400, 500 that were listed in the periods from I think it's late 2020 to 2022 have gotten annihilated because the big guys and Wall Street took advantage. They've done pipe deals. They'll come out at $10. They had shares at 50 cents, $150. They had no lockups. They didn't have to disclose warrants. They have to do any of that They basically robbed you on Wall Street. That doesn't happen in this membership. I'm vetting the deals. I'm letting people know if they're And I call people out. I've called people out and turned deals away and said this is a shitty deal. We'll look at a raise at a 20 million valuation. I said, I'll raise it at a 3 million valuation. No way. Worth more than that. Okay, bye. Go. They never raise money. Okay, so that's my job because I'm putting my own money behind these deals, right? So now that we have access to deals like this, the next deal is from people are launching from the Slim Fast fortune. It's very exciting. I don't want to talk about it cuz I'm going there to do the final part of the research and if I don't like it, I'm not going to pitch it, but it's something it's one of the most exciting deals that that we've ever had that's going to come out probably in about 3 weeks or a month from now if everything goes well on my trip to California. So, if you're interested in coming in as a Kersia one member and speaking to me personally, email me frankresesearch.com. Again, we lower this price because we want more people as we have more and more people now our investments get bigger. If we were able to raise 5 million or 10 million or 20 million for these companies, we're almost bypassing Wall Street and we're getting some of these amazing deals even in biotech again. And then you have access to our conference where I had 12 interviews that I did and most of them private companies that all these guys are invested in and our investors are invested in. They get to talk directly to the CEOs. It was a really nice event. It was really cool. But just that whole package where you get all of our products and services, every single newsletter that we offer is really cool. And then if you're a credit investor, you have access to all of these deals and you get to pick and choose. There's no like, hey, you got to get into this deal. No. Hey, here's the deal. You can call me, ask questions, and be like, it's not right for me. And I'll tell you, I'll be like, hey, this deal is very risky, but if you're right, it's a 100xer or this deal is a little more safer. It's cool. They're generating lots of revenue. Company like Sugarfina, I mean, Sugarfina presented there. Scott Leaport is the CEO. We're invested in early. They just signed an LOI where they're going to go public in two months. And we got warrants on that deal. By Q2, they're gonna go public, which is really exciting. And they're selling their candy in the hotel that we were at. I mean, it's a massive company, right? So, you know, these are the deals we're able to get into. It's a lot of fun right now and I really like that membership. I think everyone who's in it considers it a bargain. It's really cool. But that's what we want to do. We want to give access to these types of deals. And now that we're growing, now that our platform is growing, now we have access to the right people giving us these types of deals. It's really exciting. So, if you're interested in learning more about KIO1, feel free to give me a shout, frankarch.com. And if you do in the next week and a half, you're going to have access to get into this savvy deal if you're at a credit investor. And we walk you through this. I hate to say handholding because, you know, it sounds babyish, but it's true. And sometimes you need that, right? No matter your sophistication of how smart you are in your industry, it's fine. This is what we do. We walk you through. We get go through docu sign. Here's what you have to sign. Someday you're a credit investor. You'll get the certificates after they close a deal, which sometimes happens 30, 60 days later. And I'm here for you. You have direct access to me. You get my my my personal phone number. And people text me. I tell them, "Don't text me to let me know, you know, the Eagles won, which they haven't won." And they looked absolutely disgusting. >> [laughter] >> last game which is frustrating me. But yeah, you have access to me. Any questions, I'm here for you. And it's a really cool membership. I'm really proud of it and really proud of our conference that we launched last month. And I'm glad everyone had a really good time. But you can have access to that, all of our products and services and access. I would say it's at least minimum five, six, seven deals a year. It might be two or three. There might be 10. Depends on what deals come out. I'm looking at deals all the time. And for me to select them and invest in them, they have to be special. We have to get, you know, a really good deal on the table. I'm helping structure those deals now and it's resulting in getting it at really favorable terms very early where if some of these things work out it's a game changer. It really is a game changer and that's really what we want, right? We want to generate as much money and generational wealth as we can and it's really exciting. So if you're interested in the Kursaw one membership feel free to give me a shout frankresearch.com you can get to Savvy Deal and if you're a current one member that's okay you're going to have access to all these deals. The Sav deal is coming out. We're going to try to launch it next week. I think we'll launch it next week. just going through the paperwork, putting everything in docuign now and going over the final touches and make sure that process is very easy for anyone that wants to come