I am the RoaringKitty of Blockmate (MATE.V/MATEF) RoaringMatey lol. Up nearly $250,000 haven't sold a share yet and going for over $1,000,000
Yesterday's breakout to $0.40 in Canada was huge. Lots of people asking me questions about it as it's gaining momentum. I have no hope of answering it all so I'm just making a new post here. I'm also still in PLUG (Energy Plug Tech, not the U.S. listing) and that went up to $0.20. Also haven't sold a share. I'm also still in my Trump plays UMAC and PSQH (the warrants PSQH.WS).
There was an insider filing on MATE last night. Domenic Carosa exercised 3 million warrants at 7.5 cents and sold them at $0.30. So the face of the company made himself a nice bonus pay check of close to $700K. That doesn't bug me or any other long term shareholder. He still owns 20+ million shares and other securities. A warrant exercise is different than selling shares out of his own batch anyways. Warrants come with an expiry date. If they are in the money, you HAVE TO exercise them at some point in time. Anyone who trades options knows this. You can be the most bullish person in the world on a stock, but if you have call options that expire next Friday, you are going to have to do something before then to get them off your books. It has nothing to do with how bullish you are on the company.
Tons of questions in my posts and through PM. Can't possibly answer each one. Added another 200 followers the last few days which I guess is what happens when you consistently call picks low and help people make money. As opposed to the CRKN bagholding and knife catching strategies that work once in a blue moon. Before you knew me as the LODE guy and the Canadian penny stock guy, I was the one busily trashing any obvious pump and dump dilution scam that was being posted by coordinated groups here. Just like how a good defense is recipe for winning in sports, knowing which obvious trash bag picks to avoid even if they pump a little is a good way to make money in the stock market. I also have to admit this has been easy. MATE has made me good money, but it's clearly not alone in this massive run up of certain crypto and junior tech related stocks. Imagine how stupid CRKN bagholders feel right now. There were literally hundreds of choices they could have made money on in the last three weeks, yet they chose to baghold this garbage that just churns hundreds of millions of shares at 13 cents. Because management chose to treat company shares like toilet paper. And it was obvious to anyone who did just a tiny bit of research on this company that it's dead money.
Some questions to answer:
1. Why haven't you locked in some of your gains?
Look, under normal circumstances I would have. If this was UMAC or PSQH moving 4 or 5x from my buy-in and my thesis was complete, I'd have dumped. My initial thesis was based on the value proposition of MATE trading below its NAV and selling some once it hit $0.20. Since it trades well above $0.20 now, that initial thesis has played out. Things have changed since. This is not like UMAC or PSQH. I know what Trump and his kid will be all about. I wouldn't hold those forever.
I have talked personally with Carosa and the CEO Justin Rosenberg. I believe in the vision. Carosa is a good guy, he's smart and he's stumbled on the right thing at the right time. He's talking about how Hivello can help fund charities, and he is serious. This is not a guy who is out to pump and dump retail plebs. He seriously thinks this is going to help get African kids out of poverty. Another reason why I am not disturbed about his insider sale. Let him take his $700K. If that's the money he needs to live off of the next few years so he can go 100% all-in with his vision on MATE and never have to worry about personal expenses, more power to him. This is not Trevor Milton NKLA shit here.
Liking what the management team is doing is one thing. A stock can still be expensive even if the business is awesome. Hivello is just starting up too, so there is a boatload of risk. Even if that risk is much less than the typical startup because at least all of us can use the Hivello platform and judge for ourselves. Instead of relying on the word of management that it works. But there are two things which absolutely destroyed any thought of selling at $0.20 or even $0.40 for me.
First, Tony G (Chairman of HODL.CN) buying in. Second, the absolute insane run on QNC. I talked about this stuff in previous posts. And in the blogs linked at the end of this paragraph. Read them. This post is already long enough. I'm not going to sell at $0.40 if I have extremely high confidence that $1.00 is coming. At $0.60, $0.75 etc., yeah I might start to sell some because then that's at least closer to $1.00 and above the initial $0.50 target.
https://value-trades.blogspot.com/2025/01/if-qnc-can-reach-2-mate-could-reach-5.html
https://value-trades.blogspot.com/2024/12/tony-gs-investment-into-blockmate-is-game-changer.html
2. I missed out on MATE so far, is it too late to get in?
Was it too late to buy QNC.V on December 20th when it was was trading around $0.40? Clearly not. We are entering the stage now where the "easiest" money has been made. Going 5x from $0.08 to $0.40 is easier than going from $0.40 to $2.00. That being said, QNC had no problem doing it. And QNC has less going on than MATE. In fact, it has negative things and drama going on. No one out there is saying Hivello doesn't work. I see it happening real time. The QNC traders are getting frustrated with the drama and questions and are jumping on the Hivello/MATE bandwagon.
Trading wise, I expect volatility. Before it wasn't too bad. Moves from $0.08 to $0.12 then churning around $0.10. A move from $0.15 to $0.35 then a pullback to the $0.20's and churning. Now we *could* see the stock do stuff like $0.40 to $1.00 back to $0.50. Which percentage wise isn't too different than previous trading patterns. But on a dollar basis, is a huge variance. For some, that takes nerves. For others who like trading volatility, a dream come true. It's up to you. But the guy currently riding a $250K profit hasn't sold a share. So that's my answer to this question.
3. Do you have any other stocks you're buying right now?
Yes, I own over 20 different Canadian penny stocks outside of MATE and PLUG. I'm not going to mention them here yet, because I know how people are. Unlike MATE or PLUG, they are dead/in slumber right now. I only mention stocks that I think can move right now. Not six months from now. I don't have the patience to deal with people who are going to ask me every two days "When will this move?" "Did you sell?" and shit like that. I got enough of that on MATE when it was stuck at 10 cents...for like a week. I can't deal with that for six months.
Why do I hold stocks that I think are dead money for six months? Because I own positions in the millions on shares trading less than 5 cents. I have no hope of selling these things without tanking the price. Then when the time comes that I think they will move, I have no hope of buying those shares I sold back without chasing the price up and paying a higher price. Therefore I am stuck holding them. Canada is not like the U.S. If you own over a million shares of something, or want to throw $50K at a new position, you will have serious liquidity challenges buying or selling.
I participate in financing rounds too, which have four month holds in Canada. PLUG was one of them, that's why my balance on my PLUG shares posted above looks so small. That's only my open market buys. Most of my position is through the financing and I haven't gotten those shares and warrants yet.