- LOTM comment on Soluna Holdings.
- Link to Water Tower Research Summary of Soluna Holding’s situation.
Over the past 27 months LOTM has written, owned and traded Soluna Holdings. The stock in August 2020 was $0.75 and had a nice rally to above $18 in that time frame. Currently the common shares are back under $1.00 per share.
We are making a public comment here because there might be people who do not subscribe to LOTM who still have an interest in Soluna.
Soluna has a very big opportunity in front of the company. That is summarized in the Paid for Research Report linked below. The risk is Soluna has two to six months of cash and there has been no statement of how or where they will get more cash. If they crossover this “Valley of No Cash”, the stock “could” trade much higher. Success or failure rests largely on government approval of their Project Dorothy in Texas. This is “expected” by inside and outside forces to happen. The question is “when and how” will the company finance themselves if this stretches beyond the next two to six month period. This is the set-up for an either or stock price situation. This is high drama so best for Speculator interest. Over the past 27 months LOTM related accounts sold about 65% of its holdings in Soluna common at net profitable returns. We are starting to re-build that position but more in the Preferred Shares which have suffered a sharp price decline. The report linked below is a good but optimistic, not independent, perspective on Soluna. I am also optimistic concerning Soluna, but my risk tolerance is higher than normal. Read between the lines as to their cash situation. My view is that they have working partners who want this to work. Never the less there could be conflicts of interest between various working partners and Soluna management. This is not a buy recommendation as much as a link to a summary on Soluna.
Report Dated November 9, 2022
The report is free, but you will have to register to read it.
Written November 19, 2022, by Tom Linzmeier, for Tom’s LOTM Blog at https://lotm.substack.com/.
Accounts related to LOTM and Tom Linzmeier can & will, buy or sell securities at any time.
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