AGORACOM Small Cap CEO Interviews

The episode is essentially a live investor-relations PR chat about a press release, with almost no dwell time on mechanisms, technology trade-offs, or business-model detail. A handful of production numbers surface but the conversation never develops them into actionable understanding.

“right now they have, they are producing 5,000 drone engines per month. That translates into 1,250, uh, 1250 batteries packs needed for drones”

“we can make about 600,000 20 uh 1, 700 cells”

No contrarian or first-principles thinking anywhere in the episode; the entire framing is standard small-cap IR narrative (LOI is stronger than it looks, revenues are coming, validation is building). The 'non-Asian supply chain' point is the only potentially interesting angle but is stated once and never interrogated.

“we're now part of the entire dynamic which is to try to create an infrastructure that is non Asian for the battery material”

“We're not getting into the drone business. What happens is that drone engine, uh, drone need batteries”

Bernard is the actual CEO of the operating company and has genuine first-hand knowledge of production specs and partner relationships, which prevents a rock-bottom score; however the setting is a retail investor podcast and he speaks mostly in promotional generalities rather than hard-won operational detail.

“this is a battery that we've done for a client of LMNov. Okay. It's basically a 666-S3P”

“the themes that Novacium and the people at LMNOV have been working together off and on, on different projects for the last 10 years”

A few concrete data points exist (5,000 engines/month, 1,250 battery packs, 21700 cell format, 666-S3P spec, 600,000-cell capacity, 50-ton plan) but most claims about contracts, revenues, and military engagements are deliberately vague or unverifiable, and numbers are not contextualised against market size or financials.

“they are producing 5,000 drone engines per month. That translates into 1,250, uh, 1250 batteries packs needed for drones”

“there's things going okay. It's actually, you know, probably revenues being generated, but we can't really discuss the nature of the contracts”

The host almost exclusively asks leading, validating questions that hand the guest a promotional platform; the one mildly probing question ('Why 190 days?') was answered with 'we just had to put a number' and immediately dropped with no follow-up.

“This doesn't sound like a typical LOI that you see at a small cap company sometimes where George Calm and HBQ decide to put on loi, but they have no idea where they're going”

“Why 190 days, Bernard? It sounds like, it sounds like Elena, um, Novasio, HBQ are already really far down”