$HMR up 30% since my post Tuesday. NASDAQ compliance FUD is dead. Earnings next. The thesis is playing out.
The company had roughly $19 million in cash on its books. Nearly the majority of the entire market cap was cash.
Think about what that means in practice:
* The CEO has been buying shares above market price for three consecutive months with 45% personal ownership already
* Insiders own over 90% of the float
* Float is under 6 million shares nearly unborrowable
* All it needed was any real demand to touch that stock
With a float that tight, it was always going to move fast once momentum started. And now we are back above a dollar and climbing. The compliance issue is gone.
**WHAT YOU WALKED PAST ON TUESDAY**
* Market cap below annual revenue paying less than $1 for every $1 of revenue generated
* 4x forward PE while competitors trade at 15 to 20 times
* 373% year over year revenue growth already booked from a real auditable base not a forecast
* 76% revenue growth forecast for 2026 on top of that
* 55%+ gross margins inside a shipping ticker priced like a commodity boat operator
* $13.2 million operating cash flow the net loss was noise from one-off IPO costs and non-cash stock comp
* Zero debt
* The business was profitable underneath the headline numbers
**THE CEO TOLD YOU EVERYTHING**
His own words: "The only thing I am worried about is if I keep buying, there will be no float left."
He was not worried about the dollar compliance issue. He was buying stock. Every month. Above market price. For three straight months.
That is not how someone acts when they think their business is in trouble.
**THE MODEL STILL STANDS**
For anyone new here, HMR owns zero ships. It is the Uber of tanker shipping an asset-light platform earning fees on gross voyage revenue whether rates are $50k a day or $500k a day.
No capex. No newbuild risk. No steel on the books. When Hormuz gets messy, they earn more not less. When rates spike, the fee base expands automatically.
They re-rate purely on earnings growth, exactly like a software company would. There is no NAV ceiling capping the upside.
**EARNINGS ARE COMING**
Results are imminent. If you want to understand the business before those numbers drop, Heidmar now has a YouTube channel where the CEO explains the model directly. Worth watching before the numbers hit.
The people who did the work early are already up 30% since Tuesday.
The people waiting for mainstream awareness are going to pay a significantly higher price for the same thesis.
Still not financial advice. Still do your own research.
But for everyone who replied asking for a red flag and could not find one the market just started agreeing with you.