 Love to welcome everybody back to the independent investor channel. We've got a special opportunity here for three special guests here We are the four horsemen here providing coverage on aduro clean technology who had a groundbreaking announcement This week, we are going to get the reaction from our panel visitors He's on penny and Mariusz as I promised Friday to you guys The long wait is here and you guys get to hear the opinions on what this could potentially mean for aduro Now and going forward in the future. Stay tuned This is a special treat where you get to hear multiple opinions on what the impact of this news could mean for the company Now and going forward. I'll turn it over to Yuzan for his opening comments about what this could mean Yuzan Good morning or good afternoon depending on where you guys are at. Thank you for posting us Ryan Amazing to be here So let me start off with the caveat that everyone needs to hear. We are long shareholders So we obviously have our own biases going into this but let me also now move into the results because I think this week's results show and Confirm to us that have done a lot of diligence for the last two plus years That aduro has a solution to plastic waste upscaling that is second to none No one has this solution. No one has the power that aduro has in terms of upscaling profitably and and why I say profitably is because of the yield when you are producing a yield of 95% The lost the the amount of losses is very minimal and such that gives you a lot of room to to basically Reduce the cost both on capex as well as an optics and I think the interview that marriage had With Eric was was a great eye-opener When he said that our approach is going to require for example one Plant as opposed to three when you're talking to the other technologies They need pre-processing. They need post-processing And they they're very expensive And that's the reason why a lot of the other 70 technologies Because they have yields anywhere between 70 percent and below They you know, they suffer. They have to be Central units. They have to be large the capex. The optics is significantly higher So that's a that's kind of my original reaction and my reaction is You know irrespective of what the share price did. I'm not really Looking at the share price. I know that a common theme comes about which is valuation And I get that question a lot and my answer is simple Prior to these results. We know ara had said That the valuation should be anywhere between 380 canadian and 530 Needless to say with these positive results I think it's way higher now Where where is it going to be? Honestly, I don't know you have the best technology out there For a major problem that every Plastic producer has to care about that's another thing that comes around a lot People say Why do we have to care? You know, it's a pre-revenue company or a revenue The revenues are little They're not profitable so on so forth. Say you have to care because in 2025 the clock starts ticking these producers Have a deadline to have a partner on any new production Under under the plastic Act whether u.s. Canada any developed country basically they have to have that so You know what what about a company that already has presence in Two countries can the can the in netherlands. They also have a Country manager in mexico for those that forgot So, you know, and they do have a team in the u.s. So definitely, you know some reminders for those people um And i'm going to take a step back and i'm i'm going to let uh Penny and marish can't comment and then we'll talk a bit about the impact of these results in my personal view in a business all right okay, um, I could not have been more excited seeing 95 percent I what you know, I I think I've heard 80 a couple of times mentioned and that was where I set my bar and I was happy with that Because I know that pyrolysis is is you know currently it's a gold standard It's basically heating things up Very hot with a lot of pressure and that typically gives you you know about 30 percent char and about 10 percent wax so Wax is saleable, but I wouldn't really count it so You know, you're looking at a competitor sitting at about 60 percent You know as a as a good yield and having 95 percent come out and seeing that it was only 1.2 percent char was well beyond my expectation And it really moved my my personal future Um goals for the company because it made me refigure all the numbers and that was Uh, I I couldn't have been any any more excited and especially uh, but the the numbers were based on polypropylene which you know, it's kind of in the middle It takes more more heat to uh to work with polyethylene It takes a little less for polystyrene So I was happy to see what we got in the middle because I think that might show Might be a really really good. Um A good way to base the rest of the figures until we we have them exactly So I I just couldn't be more happy so Okay, so uh yazan I mentioned a little bit about the valuation So let's let's think about the valuation from two point of view one Individual valuation based on what we think the company can generate And then two is what the what the comps are doing so You know, we'd like to talk about Or compare a pure cycle. What's pure cycle market cap? Well, half a billion dollars Uh Something like that more than that I'm written 50 now without the debt Right. So so the with with the debt the enterprise value is over a billion dollars Okay, and as penny just said You know, they're gonna have a yield of about 60 percent so So a a worse technology A company that doesn't own the technology Is worth more than a billion dollars and here we have 95 yield All the other verticals we own the technology We have a better business model because it's licensing huge profit margins So you're telling me that we shouldn't be worth a billion dollars today We should totally be worth Three billion dollars today if we are comparing ourselves to to to something like pure cycle. Okay So now what about What about like how much money the company can generate? well They they had us they showed us in the presentation that if they if they lend a large client that would equate to about hundred million dollars worth of yearly revenues And about 80 million dollars over ibeda From one client Okay, one client Like do you think there's only one client that needs this solution? Right, what if we get 10 clients? That's pretty that's pretty conservative 10 clients and So that would be like Eight hundred almost a billion dollars of ibeda A billion dollars of ibeda. What is a billion dollars of ibeda work? Like 10 billion 20 billion. I mean we can all dream up numbers, but like That's just 10 clients, right? and so now and another thing is I'm thinking like after this news came out I'm thinking like about those multi billion dollar companies that are aduras working with We know the name shell, but and then we don't know the names of the others Like put yourself in their shoes Like what are they gonna do they're gonna be like, you know what? We don't like 91 yield. We prefer 60 percent You know, we don't want to have the best technology in the world We want to go with the Third fourth technology in the world, right? We don't want to solve this problem Like what do you think is going through their head? Like if you are shell if you are a multi billion dollar company, are you gonna be like You know what I am not going to go with the 95 yield. I prefer 60 percent Right, so it's it's like So many times I I sit and I'm like People are like, well, why why isn't this company getting more attention? Well That's your opportunity here That's your opportunity here because I don't think if we were trading at nasdaq or some kind of reputable exchange I don't think you would have this opportunity I really don't because You only have it because like ryan, do you think you would be getting comments that this is a scam If this thing was trading on nasdaq Nope, nope, right? It's it's it's a stamp of approval. You are getting those comments that this is a scam I'm getting those comments that this is a scam and we're just dreaming, you know, it's gonna It's gonna be zero So I agree with the azan. It's like we need to we need to graduate from this trash exchange and move this thing on nasdaq because otherwise it's People are just not gonna believe that this company has the good. They're just not gonna believe it. They need to have 10 to 20 dollar stock price and then the technology will start working for everybody And it's not and all of a sudden it's not going to be a scam for nobody To add to that comment and you know, it's actually like a fair comment, but To add to that the issue is it's twofold, right? You know Regardless of what we say people have a sub bias We have a sub bias because when we look at something We see we're like, this is mind-blowing. No, wait, why is it trading at the, you know 75 million us like if it's that good it should be, you know, let's say that it's Half a billion. Let's not say a billion But why is it not trading because you know, there's I think there's a lack of, you know, someone on pennies discord mentioned something There's a bit of a lack of credibility Because of the exchange. I think it's the exchange that's on and as well as because I think some of the We're all used to like unfortunately in this era and even We I'm gonna say myself included. We're all in this You know immediate gratification mindset We need to see That something is published and use is published and we see the stock pops 50 100 percent Why didn't it happen? Then something is wrong Well, it didn't happen because one It didn't have the time For enough people to be aware of it to digest it But the other thing is again, it's a limitation today when I speak to a lot of Canadian brokers and Investors a lot of them unfortunately are stuck in this tunnel vision that They're not touching anything that is not profitable because they got jaded from 2021 And onwards and they're like, okay. Look if it's, you know, not profitable We're not gonna touch it. So we're you know, so we're turning into the investors the few and you know that are Retail or brokers that are willing and I can tell you today based on my knowledge I have two brokers in Canada the you and different spaces different places Outside of myself that have five million shares of the 40 million float on their book They have no interest in selling anytime soon I know of several people that own, you know million plus size so Let's say that there's 25 30 million float On this thing This can go fast. It just needs to be the right You know on the on the right platform and I'm pretty sure the adora team is getting enough indication interest Because if I'm speaking to bankers in the s friends and so on that are saying this name on And as that will do significantly better Um, it can be that, you know, they're just all being friendly and nice and saying, you know If you can tell these guys just move on to nazi because we want to collect fees They're saying that because obviously they understand the side the significance of the problem. They are facing they're they're getting a lot of demand for solutions for plastic waste especially after the Anti-inflation act With billions of dollars sitting on the sideline basically wanting to be Invested in something that can resolve this problem One of the one of the bankers I was talking to was saying that there's over 40 or 80 billion dollars Under management that want to tackle recycling Imagine, you know, that's one It's a major bank. But I mean that's one major bank that had that that is saying how much there is sitting on the sidelines So it's just accessibility and we as you know people that can have access to the csc venture And uh and the otc Have this luxury a lot of people that even when talking to the company They have said that many of the road shows that they've had in the us. That was a common Comment that they kept getting which is Guys if you were on nazi or close to we'd be able to buy significant position for our funds So at At one point i'm pretty sure they're they're gonna be considering it. I don't know when but i'm just saying The opportunity is in front of us and everyone that says why why why it's literally what you said it's a Confirmation is gonna come from the stock price moving up Just remind yourselves of one thing like, you know, when re-rating happens they happen quick And they don't look back We've seen it even in in mega caps Like look at what happened with with invidia like literally Went from sub 200 bucks And you know when everyone's saying the world is crashing and you know, there's no way to come back They came back. We've got the best Chip for ai We're talking about an already three 200 plus billion dollar company You know went to a 1.8 trillion dollars In not such a big time So people need to realize the significance of being A solution that's second to none and that that I don't think people Still grasp that and that's fine. That's kind of the reason why we are here I love the people haven't grasped that I am I the only one here that's Loving the price right now because we were just de-risked so much And it tells me that this is my opportunity. I mean, I feel like I've like I've got some sort of golden ticket and nobody else knows about it Like we're we're only sending this to friends, right? Nobody else gets to see this video I guess we've got four bowls in a room You know picking apart all the things that we figured out I when I look at When I'm looking at technology the thing that I'm really focusing on is the capex and op-ex required now Aduro's licensing model takes away almost all of that concern But what really does it for me is They're they're playing in the big leagues. These are multi billion dollar companies that they're working with and we already can see that the results are fantastic So I'm happy. I was just talking to another friend in the u.s. Today And you know, he's looking at the chart saying okay. Well, I'm I'm watching 120 after there We fly, you know on the u.s. Side now that we're at like 75 million as a market cap and But he just couldn't understand, you know, he's not going in more because The volume looks low They're like, oh, well the the volume's hidden on the canadian side So we do have a couple different things happening where you know when you look from the u.s. Side You're like, there's not really a lot happening here. I see I see the trend I see where it's going, but I can't tell why so And I I feel like we've got a a little secret here and I'm okay keeping it a secret for another year or two so Just don't tell anyone I'm ready to go to the moon You know, I have I have all the shares that I want And you know, I got my ticket. I buckled up and I'm ready to go whenever whenever adura is ready to take me back Let me jump in real quick before I turn it back over to mariush I thought that the interview that you did Uh, just this week with eric appleman was critical Um, I want to circle back with the viewing audience And understand where they can find this information. Uh, links will be provided both in the description and the comments section Of this video as well as links to both pennies reaction video from this week and as well as mariush, which I put in my number one in my personal archive of favorites There was a comment that was said mariush your question to eric about the scalability And eric's response to you that the underlying value is in the chemistry and that that doesn't change He also went so far as to change some of the attributes that would in fact change To improve the process as the continuous flow improved over time as the reactors Get larger, but he came back to the chemistry does not change And I thought that was really smart and I appreciate should you ask him that question on behalf of All shareholder holders and everybody following this story mariush Yeah, no, I think uh, both the press release was the most important press release in the company's history And then that interview was Was just amazing I mean, of course, he's he's biased But he didn't have to join them He could have just stayed at the previous job that he had Nobody nobody forced him to join them. He he he said it himself. I joined because they are second to none I joined because they have the best technology in the world So like I mean how many like really I don't I don't think I've ever been involved in a situation where I feel like there's so much certainty As to what the outcome is going to be Like how I've never had a microcap stock that had the best something in the world and there's nobody even close And nobody knows about this story Like and then we have indication after indication after indication all I hear is that Here and there is that When people are testing it or companies are testing they're just blown away by the result Well, now we we're freaking blown away because I I didn't know that it was going to be 95 I know the yield was good. I know that I knew the technology was going to work but 95 percent like That's just out of this world and and so it's like you see with with companies like You know, whether it's meta or in video and I think he has on touched on on this before is that A 5x on nvidia and 5x on aduro are completely two different things Because you don't have you don't ever have the conviction that something like nvidia is going to take you 5x So you don't ever have the conviction to really Put put a significant money behind it But you have that conviction on something like aduro at least I do because of All the indications that I have all the margin of safety that I have What kind of margin of safety do you have on nvidia? Here here we have such a huge margin of safety if if it fails we got more money If it succeeds I make 40 million like I don't think I have to say much more Yes on I'd turn it back to you for a reaction on that but Yeah, just to add to it. I I think you mentioned the internal aspect of eric appleman's You know involvement with aduro, but I I pointed out in my video that I just released today that Yes, he took a position with aduro, but think about his independent position prior to His addition to the aduro team and how that vetting of those 50 additional companies through the campus at brightlands Kind of allowed me to sit back and say, okay Either one of two things and and I think eric appleman strikes to me to be a very straightforward Very honest very intelligent and very well-spoken individual So if he's speaking from a bias perspective, he has got me believing in what I think he believes in And that this is in fact the best in the industry and I I could sense a little reservation and that I think he wanted to say more But at the very end of the interview if you watched it through the very end He said, you know, I hope I conveyed my excitement You know and and I think he did but he's trying to convey that in the most professional manner because for me The full circle is going to be where these companies that they are dealing with now Provide that reciprocation and say yes, indeed Everything that has been conveyed in the marketplace is true. And here's what we're seeing with our independent research I'll turn it over to yuzan yuzan Thanks. So look, I'm going to conclude with um, you know, my personal view is You know, like recon re confirming what what you guys have been saying. It's it's really under discovered I think, you know, the the the thing that I like is you know, like We're not doing this on a sunday because We have to we're doing this on a sunday because we love talking about this and you, you know, there is a there is a point in your life where You know, I think This is one where really hits home because I think Not only, you know, similar to what penny mentioned earlier I think this is one that, you know, I'm going to feel really good about what You know what what this company is going to do to my portfolio But I also feel very good as to what they will do from a, you know, world Sand and just to touch on something that marriage mentioned to so that people grasp Why he was talking about the hundred million, you know, in in sales or revenues potential revenues and You know, 80 million if it done. Why is that one customer so on? remind To a reminder to everyone We have we produce currently 450 million tons of waste plastic a year We have we're sitting at over a billion Tons of waste plastic accumulated that is no one has a solution for it. Okay and the the the hundred million when originally projected Was based on smaller clients and so on but the sum of parts was about 300 400 000 tons per year that they would process and on a licensing model so when we when when marriage is saying, you know, why wouldn't Several clients come in so one client 300 000 tons, you know, like put it in in in In comparison, so 300 000 versus 450 million per year 3 million versus 450 million per year. It's it's nothing it's still not a No, we're not coming here to say they're gonna, you know, take the entire market We're talking about a teeny bit of a marketplace that is just growing further And the biggest the other big can, you know, take away that I want to remind people as a closing statement every year the cost of hosting that Contaminated waste plastic that's about 80 percent Of the annual production is going higher Every publication is saying that, you know, countries don't want this garbage and you know I've read somewhere that it's like 1,000 to 1,500 us per ton just to host it per year So you're offering them a profitable solution to resolve this problem again, like I'm Numbers can drive us to the moon, but I'm much rather stay You know disciplined and say this is this is for people that are trying to kind of Get to how we're talking the numbers that we're talking And I appreciate you hosting us on a Sunday A penny. Do you want to give us a last word here before we sign off for the day? Um, well, I think my you know, my biggest focus and the reason that I initially invested in aduro was the mission You know, it's plastics. It is a It is a huge problem. We're hearing about micro plastics all the time. We know that plastics are not being handled well Um, but and I've said this time and time again I met I met ofer and talked to him and then I was sold on the management And they have proven themselves time and time again That they have been very fair with shareholders. There are no leaks of information You don't see a chart run before news comes out You don't see anything like that when they when they've done raises in the past It has been for the amount they needed to progress to the next step and they've done it every single time so the management has my faith the you know the The purpose and the project is absolutely in line with with what I look to be invested in and They are absolutely kicking ass. I look look at those yields so I just can't wait to see where we are in a year and I I hope mariusz gets his his wish sooner than later But I don't I don't mind churning down here below two bucks for I'd be fine below two bucks for for the whole next year And I just keep packing my suitcases. So I don't know I'm happy here It's not gonna happen You know, I see a lot of people saying oh, I want it to be You know, I don't want it to be too sharp. I want it to be steady. There is no steady There is no steady. There is no There's no like I will I wanted steady The stairs there's no stairs in micro cap stocks. They either they either go Or they just kind of like that, you know, you can wish whatever stairs you want. It's not going to get what you want but like But like I I want to leave people with this message Determine if there's a problem In the world with plastic if you think that the world has a problem with plastic Then your next job as an investor is to determine if aduro is part of the solution We we got a press release that says that they have 95 yield So now your job as an investor is to determine is this good? How does it compare to others if you think this is the best? Like what eric is saying what we're saying if you think this is the best then the next thing is what do you think The major players that want to solve the problem will do with the best solution Are they going to say no, we don't want the best solution or are they going to say, you know what? We're going to go with the best solution and if they do go with the best solution How is that going to translate into revenues and profits for a company like like aduro? and then once you do the math like this then look at the valuation And see if there's any upside for you there Look at what the competitors valuations are and see where aduro sits and then Make a decision whether you want to be part of it or not because as ryan said Like he is done Trying to convince everybody That you need to be on this train Like everybody has to get their butt on the train or stay off the train And nobody's going to force you one way or the other. We're we're here We're excited about this company. We're long this company and we're sharing with you the facts And the excitement and it's your job to decide what you want to do Well, and here I've been trying to make sure that I walk away with more money than you do mariush Good luck I think When I look at this opportunity and look at your Responsibility in this relationship through social media of us providing this Opportunity You are at liberty to judge me You are at liberty to judge everyone on this panel as well as the management at aduro And the integrity of what penny discussed as trust and conviction through trust Okay I also want you to understand that I am 18 months into this position of narya sold one share Um, if I was in this for a pump and dump I would have always already exited my position at let's say a dollar 20. Okay Furthermore, I convey my entry points the dates of those entry points and the can and the cost bases of each of those Those will remain steadfast for the future Okay You have a due diligence responsibility To take this information and use it how you will We do the very best we can I wish I had the perfect thing to say to the audience out there and use social media with what I I want it to be intended to be And that is a conduit to information good information And in this case, I think it is a diamond in the rough I think utilized in the proper and responsible hands. This could be very lucrative But it still does not relinquish your responsibility to do your own due diligence and take this information Subscribe to each of our respective channels because if the information is there You will be the first to hear about it through our respective conduits So I'll take this opportunity to thank mary useh for the reaction video this week. It was phenomenal penny You the same we are in debt to you for your time and yuzan finally with your subject matter expert and command on marshaling and coaching this process through Adura was one of my most coveted positions in my portfolio It's an easy company to invest in and I just hope to convey that the same to the audience and that way we can all enjoy Owning this piece of of what is transpiring to be history in the making My friends, thank you very much for tuning in to the live stream and take care and we will catch you on the next one. Thanks guys