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Saw the name at some point and immediately thought what good branding.
Evokes the "Standard Oil" connotation which is great for pumpamentals
I haven't yet looked into if there's any merit to the company itself, but my first inclination is if the thing that stood out among the IPO PR is an affinity naming to Standard Oil it's probably vaporware.
Doing that now...
... confirmed.
A quick search reveals 3M in revenue that's entirely research agreements, founder still has absolute control because of Class B shares, and after lockup the incentives are broken because he's de-risked and can fuck off to an island.
Valuation of 3.5B with no revenue and 25x book value, so the market cap is entirely pumpamentals based as it is now. Doesn't mean it couldn't pump more of course, but asymmetry favors a 90% draw down rather than a 10x or even 2x.
Founder is a former Green Beret with a background in government procurement.
The nuke companies I throw a few sats at have a theme of IC connected-ness to commercialize military or classified technology ("SpookNuke Trust").
Where he is a special operator by pedigree, it would seem to fit at a glance, but my read is he's more someone that knows how to navigate the PRIME system enough to get de minimis contracts to create the illusion of traction... not actually a commercialization operation for something that's a sure thing.
Keeping my UEC shares!! thanks for this insight!!
@justin_shocknet where does your pumpamentals meter stand on this company?