🔋NetMelc🔋

BREAKING: Nvidia stock, $NVDA, crashes over -10% on reports that the company’s board is preparing to fire him from his role as CEO after news of a second affair.

starting a position in $CBOE. recent 20% drop makes a stable and rapidly growingly business look very attractive. •40% EBITDA growth YoY •forward P/E 19.2 based on NTM EPS of 15$ •mega operating leverage •clean balance sheet with low interest long-term debt •1.75% dividend yield •buy back program with significant authorization remaining •business growing in all areas, helped by all time-high 0DTE option volumes, a trend which is not looking like it's going to stop anytime soon. •technical bounce right on the 200-day Moving Average at 271 to be clear, this is a low-risk, medium reward position. PT 350$

This is crazy GTA 6 on Xbox Series S will be able to run in resolutions from 720p to 1080p

$EOSE whatever. progress. good.

$EOSE Some things I've learned this week. Over the past several months, there have been significant efforts iterating on DawnOS, wiring, and the electronics. I guess we knew all that, but stay with me for the actual new info. The battery module (the gray, plastic tub) hasn't really changed. There have been quality issues with dividers, etc., but those are fixable with improved tooling, processes, attention to detail, and QA/QC. But both things - the hardware and the software / electronics - were deficient to varying degrees in previous systems. The software / electronics should not be understated. I have had a longstanding theory, which I've posted numerous times about, that all cubes produced on the semi-automated line were junk. That opinion has been reinforced with indefinitely postponed hot commissioning, evidence of those customers receiving newer equipment, and overseas shipments (e.g. Italy) sending their cubes back. First piece of information I learned this week - basically all containers made by CMP, or so-called "ILC-A" generation (includes those on semi-automated line, and some on sorta-automated line in early days of 2024) were basically deficient. We also know that all those legacy systems installed in the field are being upgraded to DawnOS. This not only involves software upgrades, the but electrical wiring. And there were 3 different configurations that need different types of updates, depending on the vintage of the cube. The quality culture of Eos in the 2024 time period really, really sucked. But, I guess we knew that. Second piece of information I learned this week (pay attention!), is that there is a third generation circuit board that's been developed. Joe explained some of this on recent earnings call. They started with a circuit board used by Li-ion system, but it wasn't adequate for their bipolar system. They designed a custom circuit board to solve the problem. And there's a third one coming (en masse by EOY) affectionately called the New New Board. I presume the prototype for this has been in testing on smaller systems for some time, and the mass production will follow. As management has said, all those legacy Z3 systems are being upgraded in the field: DawnOS updates, re-wiring, maybe whole new cubes, and apparently new circuit boards coming in larger numbers by EOY. It explains a lot about why hot commissioning for many of these systems have not been completed. I would describe this whole situation as an insanely expensive R&D program that was also paid for with a premium (Viejas batteries were $386/kWh). Nevertheless, all parties paid a price and were frustrated along the way. There were complaints about poor and not-credible communication along the way, and it was escalated to highest levels of management. It explains so much about the lack of commercial field data, hot commissioning, etc. Alessandro's recent cost-out slide quantified this as 20 of the overall 72 point plan. I'm astounded it's that small, but I'll believe him for now. The company still has a lot of work to do to deliver those upgrades, and make some piqued customers whole. I'll just state the obvious. If the larger public knew about these issues last year, the company never would have raised the capital they did. Most battery companies fail. "Fake it till you make it" apparently worked for them. They were extremely lucky to have us as cheerleaders, who believed the DOE actually fully vetted all this and don't take risks on technical issues. I personally know they do now, and aren't all that at vetting. But, that was then, this is now. I am really hopeful these basic issues have been resolved technically. I think there are smaller systems demonstrating it, and companies like Google and Talen and the DOE cutting another $87m check would have never signed on without seeing real performance data. Eos is turning over a new leaf with the move to Thornhill and the formation of FPUSA that can provide them predictable backlog. Thornhill looks really promising. Previous employees have left, and fresh talent has come in. I hope they've solved DawnOS and the electronics by now. I'm giving them one final chance to see it through. I would very much welcome the company correcting me on any of this. It's possible I misinterpreted some of the info I have. But I do have some hard receipts obtained through proper channels for how I came to these conclusions, in case you're interested in getting into any discussion about it. Hope you guys knock it out the park next week on the earnings call. Your biggest fan, Bert

Sew one button, doesn't make u a tailor; cook one meal, doesn't make u a chef; but f* one horse and u r a horsef*er for all of history...