If you are selling $MEEC now, you are missing out on these potential outcomes:
1. Enhanced damages from the CERT trial
2. New supply contracts with 25-30 power plants

Both of these are easily worth $100m+ if successful. Will know by June for both outcomes. Enhanced damages include the following:
1. Legal fees
2. Interest at 8.5% compounding quarterly
3. Treble damages (e.g. 3x the damages amount of $57m)

May 30 is the 1 day bench trial to have a ruling on CERT countersuits and enhanced damages.

Recent wins:
1. Won $57m jury trial, pending enhanced damages worth $100m+
2. Reduced debt by ~$18m
3. Can buyback/place 10% of market cap at 60% off

Recent losses:
1. Placed 2% of the company with friends and family at 60% off.

Unfortunately, the losses > wins right now $MEEC

https://twitter.com/danban__/status/1770086970091258243

As a stand alone issue, this share placement isn't horrendous. But it isn't a standalone issue.

For example, here's the Dakin agreement where MEEC is paying the CEO's private company $450k over 3 years for something never mentioned by the company.

I was waiting to post my thoughts on the recent $MEEC investor presentation until the video was posted to YouTube.

I couldn't wait. Too much good information to share. Let's dig in! The piece of exciting information is that there are 25 to 30 power plants using MEEC's patented technology.

These power plants would have been using it for 6 years and would owe damages on past infringement if litigation paths were taken.

I've received a LOT of questions about the counter suit for $MEEC. I'll admit I can't answer most of them.

To start, I do not know why CERT risked trial knowing there could be treble damages. I do know that this counter suit couldn't happen without trial.

Here's what I know 🧵

https://twitter.com/danban__/status/1766205493180088395

CERT is countering suing for the following:
1. Express License
2. Implied License
3. Inequitable Conduct

It is essentially an argument to invalidate MEEC's patent.

Very humbled to have been acknowledged for my ramblings about $MEEC. This has been the journey of my past year and the most exciting investment I've ever been apart of!

For folks new to the investment or curious where we stand today, here's a quick update ✏️✏️

https://twitter.com/InvestSpecial/status/1765677571998416913

MEEC owns the patent for SEA (Sorbent Enhancement Additive) technology involved in reducing coal emissions.

Their patented sorbent is the leading technology in reducing coal emissions. It is used by 200+ power plants.

Yesterday's $MEEC filing I am hoping is the first of many updates resulting from their recent settlement.

As more positive information comes to light, I expect the share price to reflect the strength in revenue growth and balance sheet strength. To start, I'm a bit disappointed in the filing at face value. The filing indicates licensing sales for the lifetime of the patent, which is August 22, 2025 per Google.

That's ~20 months of licensing revenues.

$MEEC had a Corporate Update today. In case you missed it, you can find it here:

Thanks Jessica and Rick for hosting this 🙌

For those following the MEEC story, here's some things I found inciteful and exciting 🎁 To start - the litigation is still ongoing. Half of the clients settled and the other half (CERT) have a trial date set for February 25.

Rick indicates there is an opportunity to settle beforehand. Let's hope that happens!

What if $GLNG's Gimi, which was signed in 2019, is significantly lower than what an FLNG project would be signed for today?

A quick look at FLNG 👀 Golar's Gimi will produce $151m in Adjusted EBITDA for 20 years.

In 2019, when the contract was signed, HH was in the low $2s, JKM in the $5s, and TTF between $10-20. Compared to today where JKM has been as high as $50 and TTF over $300!

I've been reading a lot about diamond mining and figured I'd start a thread.

This will be the beginning of my thoughts after reading about this industry every night for the past week or so. I have no relevant, industry experience. Please call me out if I misspeak.

A💎⛏️ thread To start, I don't think there's anyone covering diamond mining in #fintwit. Please direct me to anyone you know covering this sector.

Perhaps why this sector isn't covered is the following:
1. Littered w/pink sheets & micro caps
2. Dominated by privates
3. Bad decade in 2010s

What do people think about $cmre here?

Seems like a speculative buy to me... a few thoughts I have: Container charters are impressive. Large backlog.

Dry bulk is spot and not impressive, but profitable at these levels. Waiting game for the market to turn...

There's a lot of high quality articles being written about $glng.

I first started following Golar 3 years ago and buried it away as a speculative investment. Now after years of divestments and a proven future for FLNG, I would categorize Golar as a non-speculative investment. I've been buying heavily for a few weeks now. I'm a bit underwater - it is my only bag. But I'm more excited about it than anything else I'm following.

A few reasons why...

I see very little coverage of $NETI. This is my #2 position and still growing.

Figured I'd start writing why I love this name for those unfamiliar with why Eneti is a great opportunity. A bit of background... $NETI was initially $SALT (Scorpio Bulkers) - a dry bulk company tied to Scorpio Holdings (same ties to $STNG).

Many investors were burned when Scorpio Bulkers announced they were divesting their dry bulk fleet to invest in windmill installation vessels.

We've been expanding the portfolio a bit over the past few weeks. Here's what we own...

🧵 1/n 2/ $PXS - I've written about this at length. Expecting $.6+ in EPS for Q3.

Been rotating out of commons into PXSAP and PXSAW. Fantastic yield from the preferred shares while maintaining upside with less $ invested. Reminder that the preferred par is $25 with a convert > $5.60.

Wanting to highlight a thought on the recent report from CS regarding $VTNR. In particular, the last 3 bullet points stand out to me.

Thought: What does Vertex Energy look like in 3-5 years?

**warning - a long thread

https://twitter.com/QuickDCapital/status/1539625914690113538

We love to look at Vertex for their conventional refining given current crack spreads. It is easy to write off the current refining surge. Narratives prevail left and right - demand destruction, turnarounds coming back online, Chinese teapots, etc..

We need a new narrative.

Perhaps like many of us, I decided to become a more active investor with the onset of covid. Previously I invested primarily in ETFs and Mutual Funds that were aligned with my interests.

When covid hit, I took huge losses and started actively trading to try and regain losses. At one point I was down 33%.

I chased options try to hit a lotto ticket.

I chased SPACs hoping to follow the retail crowd.

I overtraded and lost so much on option fees.

Ultimately, I didn't know what I was doing.

So rewarding to see shiptwit rallying around $vtnr

I have deep trust in the folks I've been following for the past 2+ years who invest in shipping. I know they do their own research and are sticklers for value/mgmt.

Long thread on my thoughts 🧵 To have been buying shipping in 2020, you had to be someone who'd buy something no one else wanted.

You did your own research as there was little info available.

You learned lessons the hard way as no one taught you NMM would dilute into the strongest bull market in decades.

Finally had a chance to dig into $grin (Grindrod Shipping) financials for Q3.

If you are an investor and haven't read it yet, I highly recommend it. The format and info is different than Q2. Here's what I found interesting...
1/N Starting out in the fleet table, there have been some updates QoQ. There's also lazy accounting as there are 7 LTCI (not 8 as stated).

What's New?
1. Charter-in Purchase Price and Daily Charter-in Rates
2. IVS Phoenix is now "owned"
2/N