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Twin Vee Powercats: Sailing Away With The Electric Revolution

DeepValuePlay profile picture


  • The company's subsidiary is in process to IPO at a potential valuation that could dwarf existing market cap.
  • This IPO is still under the radar as the company did not issue a press release yet - this could happen any day now.
  • The company could be worth 10x based on recent private transaction of a comparable, and the subsidiary's IPO is a near-term catalyst to narrow this gap.

Speed boat in mediterranean sea

Kesu01/iStock via Getty Images

This article will be shorter than my usual ones, due to the timely nature of this investment – I believe the market will quickly connect the dots on this information, which is not yet easily visible.

This article was written by

DeepValuePlay profile picture
I am a CPA, a Harvard MBA and currently manage a small hedge fund.I consider myself a deep value investor, following Graham and the early career days of Buffet. I am also a fan of Greenblatt and invest frequently in special situations.In recent years I have started implementing value investing into biotech which I think is a unique and profitable way to look into this sector.I attempt to not only compound my investment returns but also compound my knowledge, I'm always trying to facilitate a mutually-beneficial and respectful conversation.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of VEEE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The author has a long position and can trade in and out of the position without notifying the SA community.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (16)

DeepValuePlay profile picture
Article Update 11 Jan. 2022
Incredible news today and significant progress - it seems VEEE is still in the lead to offer a slick fully integrated electric boat. Now signed a battery supplier.

Seems like the last comment is about a year old.
Are there any insights into the reasons of the stock not preforming? and is you conviction still strong?
DeepValuePlay profile picture
Thesis is finally materializing in the last few days. Bright future ahead.
Three nano cap stocks. A reasonable person (me) suspects there is a non-business reason for the need to have three separate business entities since management is one and the same for all of them. Use you heads folks.
No Called Strikes Investing profile picture
Thanks for the article. I'm certainly intrigued enough to dig deeper. An under-covered nanocap spinoff checks a lot of boxes.
Pure Watercraft builds their battery packs as well, but just yesterday announced their in-house pontoon with GM battery. Will need to update that benchmark.
DeepValuePlay profile picture
@CretaciousPelican so do they build their batteries or use the GM battery? I’m confused...
DeepValuePlay profile picture
So I read the press release and it does state that the new boat will use the GM battery... so I don’t see the difference from VEEE really...
@DeepValuePlay Except they already sell electric outboards motors and now have their GM/Pure boat on the water, so they're quite a few steps ahead.
3 publicly traded companies for 1 boat company? And you're telling us you're a student of Buffet and his keep it simple strategy?. It seems like a really complex way to come to market. Same ceo, workers, address, designs etc... So TVPC wasn't good enough for investors, VEEE raised capital and pitched the electric designs to build hype but its not good enough for the investors...and now FRZA is going to be the electric boat builder and the investors will love it.? Ok. The average retail investor that believed there was value is TVPC is screwed. The average retail investor that bought into VEEE as an electric and new version of twin veee is screwed. Chasing money. Disclosure: I own substantial shares in both TVPC, AND VEEE and this move just confounds me as to how it brings value to any retail investor long term. Why even honor the lockup on tvpc shares until July? Imagine the filing fiasco every quarter...
DeepValuePlay profile picture
@WingnutBridges though I understand your point I don’t necessarily agree. One public company is simply a holding company with shares of the operational entity which is a common structure with almost no overhead. The recent decision was to split the EV company from the traditional gas powered business so that each could have its own brand - this also makes sense. A flip to your view is to say that management is aggressive to make the market see the value it sees which I like management teams to do. Just my two cents.
@DeepValuePlay I appreciate the response. I see your point. I also hope your right.
zenvesting profile picture
@WingnutBridges TVPC has 163,454,175 shares outstanding and they own 4,000,000 shares of VEEE, so they would have needed to reverse split 40:1 to achieve the same share structure in the holding company, do a raise, and an uplisting. How do you think a raise after a 40:1 reverse split would go? I would say the strategy of offering VEEE directly for IPO was a more effective strategy. That also means it should take 41 TVPC shares to get 1 VEEE. So whoever got the 9,000 shares @ $0.071 was effectively paying about $2.91 per share of VEEE.
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