I’m long $SMOL -- this is the one of the most asymmetrical set ups I’ve seen in a while. I’ve been trying to buy it for the past month and it run up 300% without me. Swedish pre-revenue 18 employees. Pre-revenue. ~$400 MCap. nano company. Here's an idea of this crazy company. Chips can't get faster without better power delivery, and traditional capacitors are physically too thick to keep up. Smoltek grows carbon nanofibers directly on silicon to make capacitors thinner than a human hair. The tech that Qualcomm, Apple, and Intel desperately need for next-gen AI chips. But they can't mass produce these on their own. 98 patents protecting the integration of ultra-thin, high-density CNF-MIM capacitors in advanced semiconductor packaging. These go directly on interposers, reducing inductance and bringing them closer to processors and power rails. Possible partners: Yageo 32B MC from Taiwan 🇹🇼 is the world's #2 passive component maker. They walked away from a deal in 2024 citing budget reasons. But they never walked away from the technology. They are still testing Smoltek's components in their own labs. The CEO just presented at a Yageo-organized AI Summit in Taipei alongside multiple industry heavyweights. NDAs signed with several big players. You don't get invited to that stage if the product is dead. Insiders just loaded up on expensive bridge debt due end of 2026. Who in their right mind does that unless something is coming. Right? Then there is the iridium angle: The same nanofiber platform powers Smoltek Hydrogen. Green hydrogen via PEM electrolysis hits a hard ceiling because of iridium -- only 7-9 tonnes mined globally per year. You can't mine more. Smoltek's carbon nanofibers create a massive 3D surface area on the electrode, cutting iridium loading by 95% at the same performance. Their electrode could cost one-sixth of competing products at scale. Serious partners already in place: AGC Japan for manufacturing scale-up, Heraeus Precious Metals for pushing iridium loading even lower. Electrolyzer factories are being built across Europe and the US right now. Smoltek wants to be designed into the next generation in two megatrends none the less. The semiconductor capacitor story alone gets you to a 1-1.5 billion SEK market cap on a license deal -- that's 5.5-8 SEK per share from here. The hydrogen arm is essentially free on top of that. This is a binary event a 0 or x100 no in between. So treat with extreme caution. Pre-revenue. Binary. Spotlight-listed. Long patience required. This is really out there. Out of all my positions this one is furthest from commercialization. So I added a small position.Size accordingly. NFA. You can find it on IBKR as GY9 on the German exchange. I’m long $SMOL 🇸🇪
