@GoldmanSpacs_ Good DD! Also keep in mind that the company has mentioned in the recent press release, that they might be preparing for a merger or an acquisition!
https://t.co/s2pvDfFeKu
$UCAR is full of shorts and the increasing volume could trigger massive squeeze in the upcoming sessions!
$UCAR only reports their financials annually so we won't have that report until about April. They raised $12 million in their last offering which was priced at 1.20 so just from that offering they have more cash than their current 9m market cap. Dilution tracker which is usually the most accurate source, says they have about $25 Mil cash which would put their value at .35 cash/share. They raised $26.5 from their two offerings, one from December 2023 for $12mil and one from April 23 for $14.5mil -
It would make sense that they have about $25mil in cash or .35 cash/share due to them only burning $.41Mil cash/quarter (source dilution tracker), Again this would mean UCAR has about 4x cash than their current market cap of $9mil
Combine this with the entire float being traded after hours on Friday, and I think there is a solid chance of continuation Tuesday morning
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This is why I will go over my winning setups in today's YouTube video on the moon market channel.
Drop a ❤️ if you want me to put the video out