Today’s ad for your sleuthifying pleasure? Bryan Perry’s Micro-Cap Stock Trader ($1,495 “charter price,” 30-day refund period) is being launched as a new service right now, with a “live video training” on June 23 to pitch the service to potential subscribers. He says he typically recommends 20-30 trades per year in microcap, pre-IPO and private placement deals.

I haven’t covered a pitch from Bryan Perry in years, he used to sell himself as primarily an “income” guy, with his 25% Cash Machine newsletter picking all kinds of high-yield investments (the 25% part was eventually dropped, given the realities of a zero interest rate world), but apparently he’s more excited about trading, options and micro-cap stocks these days. Looks like the last piece of his that I wrote about was a pitch for a 8.5%-yielding closed-end fund in late 2019, which I guess turned out reasonably well — that’s got a total return of about 12% over 2-1/2 years now, trailing the S&P 500 by a bit, but it was beating the market throughout 2021 (thanks to its use of 30% leverage, which is lovely in bull markets but comes back to bite, it’s down 40% this year to the S&P’s 20% drop).

Today, he’s pitching something far different. And to entice potential subscribers to this new service, he both runs down a list of past micro-cap stock winners… and teases a few ideas that he’s recommending today, holding back those details until he gets your credit card number.

So let’s check out the details and see if we can name those stocks, shall we? If you like his recommendations, maybe you’ll want to subscribe… but $1,495 is a lot to commit to a brand-new service that’s recommending penny stock trades. Particularly at a time when those kinds of trades are regularly blowing up in peoples’ faces.

If you’ve got any greed left in your body, it’s hard to even browse through these kinds of pitches without getting itchy palms… there are endless examples of stocks that gained 700%, 1,500% or more, delightful-looking charts that we oh-so-wish we had known about when the little dot was down at the bottom left, not up at the top right.

But as is usually the case, Perry apparently didn’t know about those stocks at the time, either. They’re just examples of what might be possible with very small stocks… which, duh, we already know. His copywriter is hoping that the littany of these examples will seem like a claim to past success in trading penny stocks, even though they don’t actually say that.

Here’s a little excerpt, when he gets down to one stock that he actually says he was ‘watching’ at the time it started to run…

“The truth is, a lot of regular investors have made very handsome gains with these long-shot plays… just by putting $1,000 or $2,000 into one or two of these microcap stocks.

“That’s often all it takes.

“For example, the graphic chip manufacturer Nvidia (NVDA), one of my favorite stocks, was a penny stock back when it started out.

“It sold for just 92 cents a share back in 2003, when I first started following it.

“Today, those same shares go for $185 – which is a potential profit of 20,000%.”

That 20,000% part is true, though it’s also a little misleading — NVIDA shares were not down at 92 cents at the time, 19 years ago, it wasn’t a penny stock or a “microcap.” There have been three different stock splits since then, so at the time NVDA was a still pretty beaten-down tech stock, licking its wounds from the dot-com collapse and trading at about $10 a share. The market cap had just dipped a little below $2 billion, which at the time was barely small enough to even be considered a “small cap,” let alone a microcap or penny stock.

And, of course, Perry says that he was “following” NVDA back then… he doesn’t say that he knew to buy it or to recommend it to his readers, or that he had the prescience to buy back then and hold it for two decades to get those 20,000% returns. Same with the other examples he gives of microcap moonshots: He does not specifically say that he picked those stocks at those points in time, reaping those massive rewards (and, of course, selling at the right time as well). He just gives them as examples of what could have happened if you had picked these lottery-ticket stocks and traded them with good fortune.

Why is that important? Because when a pundit or a stock-picker has a track record of making a really successful trade, even just one spectacular trade in a long career, they are definitely going to tell you. Self-promotion is the name of the game. If they don’t say they actually recommended a stock that went on to soar… then they didn’t recommend it. They’re just data-mining to give you some examples of the hypothetical wealth that could have been realized by anyone with, well, a time machine.

But anyway… we had a stock or two to sniff out, no? Whatever could they be?

First Perry goes through his criteria for investing in these little startups and microcaps…

“You must know:

• The history behind these companies and the history of the executives who formed them.
• Where the company stands in terms of its life cycle.
• The politics of the states in which each company operates.
• The creative financing that small companies use to keep the doors open (founders and CEOs have options you rarely hear much about: secondary offerings, warrants, preferred shares, interest-bearing paper, a new line of credit, a blend of two or more of these methods).
• Plus, when it comes to companies introducing new technologies, you must know whether a big blue-chip behemoth – like an Apple or an Amazon – might be standing in their way.”

But then he makes clear that he’s doing a top-down pick to find hot sectors, then a bottoms-up screen to try to pick the most appealing microcaps in those hot sectors. Which probably means these picks will be even more volatile than your average small cap.

“First, you want to look in the right sectors.

“I concentrate on those sectors that are off the charts in terms of revenue growth.

“Sometimes one of those sectors is tech, or cannabis, or EV batteries.

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“You definitely want to look in the top-performing sectors to start off with.

“Second, once you know what you want to concentrate on, you use a bottom-up approach.

“This is when I look at all the microcap stocks in a red-hot sector and try to determine which ones have the best fundamental outlook – the fastest revenue growth and, if possible, the least debt.

“You might only have 10 or 20 microcap candidates in a given sector. So you whittle it down to the best two or three.

“The third thing you do is personally visit the company’s headquarters, talk to its chief officers, and tour its facilities.”

Hard to argue with the strategy, as long as you’re placing small bets with money you can afford to lose — usually small caps in rapidly growing sectors are not exactly “widows and orphans” ideas, they’re closer to being lottery tickets. And you have surely walked through the mess outside a convenience store at some point in your life, with the losing lottery tickets like fallen autumn leaves, dancing in the wake of your footsteps.

Personally, I do like to hear interviews with CEOs and company leaders… but I don’t like to visit companies or interview management myself. I don’t think I have any particularly powerful in-person skill at telling when someone is lying to me, and I think I’m far more likely to swallow those lies if I’ve met the person face-to-face and have a personal relationship.

He gives some examples of his wins over the past two years:

“It’s because of the extra effort I put in that I’ve gained a reputation for delivering profits time and time again for subscribers to my services. For example, over the past two years, my subscribers have made…

123% on Marvel Tech Group
152% on Qualcomm
123% on Activision Blizzard
216% on Autodesk
359% on Echo Global Logistics
128% on Cisco Systems
130% on Cadence Design Systems
136% on Digital Turbine
105% on Snap, Inc.
… to name just a few.”

Some very nice returns there, though a lot of similar returns washed over most tech investors over the past couple years… I’ll just point out that the only one of those that was particularly small was Echo Global Logistics (ECHO), which is no longer listed — it was taken private in a nice premium deal last September. So they can at least boast of selling out at close to the top of the market. If Perry made 359% on shares of ECHO, and sold into the go-private deal back in September, that would mean it was probably genuinely small when he bought shares, something in the $200 million neighborhood.

Otherwise, those are mostly mega-cap tech companies. Even Digital Turbine would have been a multi-billion dollar company during the time that it was possible to trade it for a 100%+ gain (it’s down below $2 billion now, but has fallen hard). He did not gain any great and unique insights, I’m sure, by visiting Qualcomm’s headquarters in San Diego.

So that’s the background… which stocks are getting the teaser treatment from Micro-Cap Stock Trader in this “charter” newsletter launch?

He says they’re definitely very small and illiquid… which is typically the rationale for launching a high-price, limited-readership newsletter, it’s easier to charge someone a couple thousand dollars if you say you’re only offering the newsletter to 100 people, and therefore those subscribers might be able to actually buy the micro-cap stocks being teased, without thousands of subscribers swamping the shares.

“A New Opportunity That Is Light-Years Beyond What I Have Been Able to Offer Before!

“At least two or three times a week I get a call from a CEO or a big-fish investor telling me about a new company I should know about.

“These calls are often about a new startup with a cutting-edge technology that is poised to dominate an entire industry – or, more typically, could be the target of a takeover bid by a much bigger company….

“And each time, I think to myself:

‘Which opportunities should I share with my readers… which are the ones they could potentially make millions of dollars out of?’

“But the thing is, these companies are tiny, often trading at less than a buck a share.

“That means they’re simply too risky for my regular readers. Penny stocks are often penny stocks for a reason.”

So that’s what he says his goal is…

“… send this tiny group of elite investors details on publicly traded – or ABOUT to be publicly traded – microcap stocks… that they could often buy for pennies or a few dollars a share.

“They would all be long-shot plays, usually based on new technologies or acquisitions that the public doesn’t see coming yet….

“But because most are publicly traded stocks, no one can stop you from buying them!

“If the stock goes from $1.30 a share to $729 a share, as happened with Align Technology, you’ll still make a fortune whether you’re an accredited investor or not.”

And then we get into his picks — there are actually three little penny stocks teased, so let’s see what they are…

“Here’s an example of what I’m talking about: a relatively small startup that has developed the world’s most powerful electric outboard motor and a whole line of electric boats…

“Microcap Million-Dollar Opportunity #1: Never Work Again Once You Invest in the Tesla of the Water…

“If you fish or spend any time out on the water, you may, like me, have experience with small electric motors: tiny outboard engines for trolling at slow speeds.

“If you want to get anywhere fast, forget about it.

“So I was totally unprepared for what I experienced at the Miami Boat Show this year when I took one small company’s electric boat out for a spin.

“Its top-of-the-line all-electric engine is a 180-horsepower outboard motor that sent the boat I was driving careening across the glassy water of Miami’s inland waterways like a cruise missile.”

That sounds fun, no? Who doesn’t love that promise of “never work again” or the implication that you can get in on the “next Tesla?”

What other clues do we get?

“It’s already listed on the Nasdaq….

“With a market cap of only $31.5 million, sales are up 54.1% year over year ending in August 2021.

“And while the company is not yet profitable, its cash in the bank is up 825% in the same period, signifying revenue growth that is off the charts.

“The company’s sales took a bit of a hit during the COVID-19 pandemic, but now they’re roaring back – with sales nearly quadrupling (up 297%) year over year at the end of February 2022.”

And if you’re a member of Perry’s secret little group, you can buy shares!

“And here’s the great part of this: There is a way for regular investors in our private VIP group to buy these shares right now.

“At the current price of $3.70 per share, you could buy 1,000 shares for only $3,700.

“I believe this stock could easily top $10.00 a share within a year… and could potentially reach as high as $50 a share.”

Of course, you don’t actually have to be a member of his “private VIP group” — this is just a plain ol’ publicly traded stock, and the Thinkolator chewed up those clues right quick for you… the name of the “Tesla of the water” company is Vision Marine Technologies (VMAR).

There are actually quite a few electric boat companies these days, it was an obvious target area for entrepreneurs as soon as electric vehicles started gaining popularity, and a bunch of them are percolating under the surface… but so far, Vision Marine is the one that has actually gotten a NASDAQ listing and sold some boats.

It’s not a lot of boats, to be clear — 2020 and 2021 totaled 44 powerboats sold to retail customers, and 20 to rental fleet operators. Or operator, I guess, since it looks like they sold all of those rental boats to a company called EB Rental, which was affiliated with VMAR’s CEO but is now, after a $9 million acquisition last summer, a subsidiary of VMAR. They don’t have any patents or patent applications, at least as of their last annual report, nor do they license their technology from anyone else, so it’s a bit of a free-for-all startup… though they do rely on a few suppliers to build most of the components of their electric boats and outboard motors.

You can see why it’s only valued at $30 million or so — they have a ways to go before this can become a sustainable business, and they’re likely to need more cash. Yes, they did have 297% revenue growth in their February quarter… but that was to a total of $592,000, so that number has to grow fantastically higher than that in the next couple years to even begin to cover their overhead (they do use stock-based compensation to cover something between 30-50% of their costs, but they still burned through $9 million in cash last quarter. As of February 28, they had about $8 million left in cash on the balance sheet, so presumably they’re either already raising more cash or are looking at ways to do so (I haven’t seen any announcement, though I didn’t read all the filings).

The good news? They’re adding a second rental location, in Florida, and they say rentals are strong in their California location, so they’re adding boats… and they have some development agreements with original equipment manufacturers who are testing their electric outboard motor with various different boat designs, and the world of boat shows has opened back up again after a pandemic hiatus, so perhaps they can make some more sales. It sounds like they’re making some progress… but, as you’d expect with a penny stock, they are going to need some help. And probably more cash.

Sound like your kind of stock? I won’t stand in your way, but I’m going to pass on this speculation. If they decide to expand to Sarasota or Tampa, maybe I’ll try out one of the rental powerboats and see if it’s a life-changing experience (their first location in the state is Dania Beach, which is between Fort Lauderdale and Hollywood on the other side of the state, with a picturesque section of the intracoastal waterway to play in)… but for now, I don’t mind missing out on the early days, not when the company is in what look to me like a pretty fragile financial position.

If you’ve tried out one of these electric boats, or have more info on Vision Marine that you think we should consider, I’m all ears — just use the friendly little comment box below.

While you think about that, we’re moving on to the second microcap he teases…

“Microcap Million-Dollar Opportunity #2: Buy the Next PayPal for Pennies a Share Before It Skyrockets Above $100!

“In case you’re not aware of it, the hottest play in the financial world right now is not cryptocurrencies – which bounce up and down like a yo-yo – but something known as decentralized finance, or DeFi….

“Decentralized finance (DeFi) is a financial technology based on the same encrypted digital ledger system, known as the blockchain, used by cryptocurrencies.

“As Investopedia puts it, the advantage of DeFi and the reason for its burgeoning popularity is that it ‘removes the control banks and institutions have on money, financial products, and financial services.'”

That might have been more appealing a month ago than it is today. People love the idea of having unregulated access to cool new financial services… until there’s a bit of turbulence in the crypto market, and some of those “DeFi” financial services turn out to have been little more than pyramid schemes (we had to wait a decade or so to give the next generation time to forget Bernie Madoff before cryptos could begin promising 15-20% “safe” yields from “yield farming” operations). A few “exchanges” and “DeFi financial services” go under, and a few cryptos crash to zero as faith disappears, and whaddya know, the idea of a little regulation and government involvement begins to sound kind of appealing to folks.

And that’s just with this shady “yield farming” stuff, where we should have known that if a company can’t logically explain why “staked” crypto should somehow yield 10-20%, it shouldn’t be counted on…. Just wait until a blockchain payments platform launches in a big way and tries to really compete with Visa and Mastercard, and buys itself some market shaer… and the folks using that platform realize that maybe a crypto transfer can’t be undone or backed out by calling your bank and complaining that you didn’t get the right item, or that someone stole your crypto wallet.

Sorry, got off on a tangent there — yes, there’s a long way to go to bring better technology to financial services, and to reduce costs, but people are also pretty used to absorbing some costs as a kind of insurance. I’m not sure they want to give up on FDIC protection, brokerage insurance, or credit card protections. The appeal, beyond the unsustainable trading gains in cryptos, is generally privacy and lower costs, and a big part of the appeal of cryptocurrencies has always been a bit of libertarian gloss — starting from Satoshi’s work creating Bitcoin, which was a reaction to the bank bailouts in 2008.

Perry goes on to say that this is also a way to get past government control of stuff they don’t like — he wisely doesn’t use the example of Russian oligarchs trying to circumvent sanctions by using cryptos, but he does say that DeFi would have protected some of the bank account seizures or financial consequences faced by the trucker protest convoys last year in Canada (and, briefly, in the US):

“Whether you agree with the aims of those protesters or not, it was instantly apparent to everyone paying attention that governments now have the ability, and usually the desire, to seize financial assets in seconds – and without court orders or even much discussion.

“That’s where the second company I want to tell you about comes in: It’s developing a technology platform to make DeFi and cryptocurrencies accessible and easy to use for ordinary people.

“The company’s main product is a mobile app that lets you trade digital currencies and NFTs (non-fungible tokens) on your mobile phone as easily as you now use Venmo or Acorn.

“It gives you unprecedented levels of financial privacy and control over your assets.

“You can also use the app to earn interest on your crypto and DeFi assets, invest in the DeFi market by holding ETF-like indexes that track the price of multiple DeFi and crypto sectors, and even track your portfolio growth with the app’s unique dashboard.

“The potential of this company – which is backed by a celebrity billionaire – is simply huge.”

What else do we learn about this one? I’m almost afraid to look up what might have happened to the shares in the past few weeks, since this ad was presumably put together at little while before they sent it out, but here are a few hints:

“It’s a tiny company that has a lock on a very sophisticated technology and, at the same time, owns the largest crypto marketplace in Canada.

“Unlike most small startups, it has raised a decent amount of cash – at least $72 million in various private placement offerings since inception. It has $34 million in cash on its balance sheet….

“Best of all, you can pick up shares of this breakthrough DeFi microcap for less than $1 each. It’s been as low as 35 cents per share during market selloffs….

“Through a series of strategic mergers – most notably, its acquisition of Canada’s cryptocurrency marketplace – this tiny, virtually unknown company with just 130 employees has acquired more than 600,000 users in 174 countries.

“And as a result, it now has its fingers in…

• the $200 billion crypto exchange universe
• the $100 billion DeFi smart contract world
• the $180 billion GameFi (play to earn) gaming world
• the $22 billion NFT market”

And he shares this, after suggesting that just a couple thousand dollars in this stock could be life-changing:

“Bottom line: No guarantees, but this DeFi app company has the potential to be one of those stocks that sets us all up for life – especially if you can buy up shares for under $1 per share.”

OK, so Thinkolator sez that’s WonderFi (WNDR on the Neo exchange in Canada, WONDF OTC in the US), a company that is backed by Kevin O’Leary, best known to most of us as Mr. Wonderful from CNBC’s Shark Tank. I can’t say I find him at all appealing as a pundit or spokesman, but he certainly has a following, and has used his brand, among other things, to engineer some nice profits for himself from his line of O’Shares ETFs not long ago… and, yes, he’s on board with cryptos and sees big gains ahead as the market bottoms out, perhaps with some catastrophic collapses, and becomes more regulated.

I can’t say that I have any insight into how WonderFi operates, or whether it will make money. Since it began trading last year, and has acquired a bunch of different companies in the NFT/Crypto world, the share price has pretty much just mimicked that of the other brokerages, exchanges and crypto conglomerates — which themselves, of course, have pretty much just reacted to the shifting prices of bitcoin and ethereum, which tend to drive sentiment for all cryptocurrencies. Here’s the year-to-date chart of Wonderfi (purple) compared to Coinbase (COIN, orange), Voyager (VYGVF, blue), Galaxy Digital (BRPHF, green), Bitcoin (pink) and Ethereum (brown). It doesn’t really matter if you’re the headline-generating $50 billion giant Coinbase, or the $100 million upstart Wonderfi, business stinks and nobody wants your stock.

Sure, that might be a contrarian indicator. Those stocks were all rising dramatically when cryptocurrency prices were rising last year, and perhaps this will be a repeat of 2018… when everyone gave up on Bitcoin after its second crash, but it came back to set new records again anyway. It also might indicate that if the $50 billion company and the $100 million company are going to trade in lockstep, which means the mega-cap hasn’t protected you from volatility, maybe it’s worth the risk of buying the penny stock — perhaps that gives a little more justification for betting on the optionality of somebody tiny and relatively unknown.

I’m not placing any such bets at the moment, so I’ll leave it to you to make your own call on WonderFi. This is a time of serious tumult for cryptos and small cap stocks, and DeFi and Fintech companies have in many cases actually done worse than the cryptocurrencies themselves, so be careful out there. A lot of the blockchain projects and companies are likely to go belly up if the crypto market doesn’t bounce back this year and find a way to get investors re-engaged.

Finally, we get down to the stock that actually headlined many of Bryan Perry’s recent emails, the “commodity EVs can’t do without” bit…

“Microcap Million-Dollar Opportunity #3: Retire Rich from the One Commodity the Entire EV Industry Can’t Do Without!

“The move to electric vehicles is an unstoppable trend, driven by both new government mandates and the skyrocketing cost of gasoline….

“The State of California, which has the highest gasoline taxes in America, has decreed that all new cars and passenger trucks sold in the state must be zero-emission vehicles by 2035.

“As a result, car companies worldwide are switching to EV technologies.

“A new report by Bloomberg New Energy Finance shows that by 2040, fully 58% of all passenger vehicle sales worldwide will be for electric vehicles.”

No surprises there, we all know about the big commitments all the major countries and car companies have made to a transition to electric vehicles… so what’s the commodity that Perry thinks is going to be critical?

“… there’s a big problem: The EV industry can’t get enough copper….

“Copper is essential for many components in EV vehicles, yet copper prices today are the highest they’ve been in decades. One reason is that electric vehicles use up to four times more copper than internal combustion engines.

“That’s why my next potential microcap blockbuster is a little-known Canadian company that operates a copper mine in Chile.

“More precisely, the company reprocesses environmental waste known as tailings and turns it into pure copper.

“It reminds me of the fairy tale about Rumpelstiltskin in which his female captive spins straw into gold. In goes environmental waste left over from mining operations, and out comes… money.”

OK, so it’s a miner… but it’s a miner who’s trying to use some new technology to process tailings, essentially to re-process mine waste that someone didn’t get all the copper out of in the past, either because copper wasn’t valuable enough to make the effort or because the technology wasn’t available. There have been quite a few projects like this with copper and gold in recent decades, as entrepreneurs realized how much had been left behind by past miners (though the tend to not be huge projects, sometimes they are meaningful, or end up growing beyond the initial tailings dumps they start with).

Which one does he like? Some more clues…

“Revenues for this company have risen steadily, from $136 million in 2018 to $199 million last year.

“Yet net income has nearly quadrupled in the same period, from just $10.5 million to $39.8 million.

“Plus, this company’s stock price has done a moon shot despite the recent volatility in the stock market….

“Its shares have skyrocketed from just 15 cents in mid-2020 to $1.57 today – a gain of 713% in just two years.”

And apparently it’s been volatile — it’s not $1.57 anymore, according to a sentence a few paragraphs later…

“… I believe this Canadian copper play could be another microcap blockbuster.

“Right now, you can still buy shares for only $1.22 each. But not for long.”

Ready for answers? Thinkolator sez this is Amerigo Resources (ARG.TO, ARREF), which is currently trading around US$1.06 (though yes, it was at $1.22 a week ago… and $1.57 a couple months before that). Amerigo is an operating junior miner (sort of), they are actually profitable enough to pay a dividend, and have a market cap of about $180 million.

The company is not really a miner though, as noted, they own a specialized processing plant (called the MVC plant) in Chile, and have partnered with the large state-owned Chilean miner Codelco to process the tailings from their gigantic El Teniente mine… and they think they can continue to do so for a long time, given the huge tailings output of that operation and the potential for other tailings re-processing partnerships with Codelco on other mines in the future. So that’s fairly appealing — they have some debt, but do not need capital to do their current level of work, and are generating enough copper (which they sell back to Codelco, effectively), to be very profitable and pay a solid dividend.

That’s all going by their Investor Presentation, which might be failing to mention some skeletons in the closet — but from a quick look, it seems pretty appealing. I like companies that can get a boost from higher copper prices, and take a piece of that value chain, but who don’t have to raise massive amounts of money to build mines or deal with inflation in mining costs. It sounds like they essentially have a long-term contract with Codelco that gives them the right to the tailings, and they pay a copper royalty to Codelco based on how much they produce. They own the MVC plant, which can produce both copper and a molybdenum byproduct, and they have locked-in renewable power rates for the next 15 years.

Their presentation outlines the possible outcomes for the year, assuming that copper stays in the price range it was in for the first half of the year (their assumption is $4.20/lb, it’s at about $4.10 right now), and it’s pretty rosy: the “theoretical return of capital” plan for 2022 would let them pay a regular dividend of 12 cents and “performance dividend” of 20 cents (both in Canadian $$), and also do $12 million of buybacks. 32 cents in dividends would be a 24% yield at the current price.

Will they get there? I don’t know. There might actually be some further downside if the strike that started today by Codelco miners turns into something bigger, that’s so far having limited impact but might become a bigger deal. That strike shouldn’t directly impact Amerigo’s MVC plant, but it could certainly have an indirect impact if their workers are unavailable as well, or if they can’t access the El Teniente tailings for a while. It’s also possible that it will give Amerigo a boost at some point, since this news helped push the copper price up a little bit.

This might be a little bit of a mirage if copper prices falter from here, since Amerigo has really enjoyed the dual benefit of refinancing their debt last year, and seeing copper prices jump by 50% in 2021… but compared to a “real” junior miner, the income statement and balance sheet look pretty clean and appealing to me, and if the partnership with Codelco is at all sustainable there should not be any shortage of available tailings in the future.

It appears as though they’re focused on selling their story to investors more assertively now, with their debt refinanced and with the restart of their dividend and the promise of potentially higher “performance dividends” if copper prices rise, so it will be interesting to see whether investors nibble at the bait. It look reasonably tasty at first glance, despite the fact that the share price has been falling along with everything else (the copper miners’ index is down about 15% in the past few months, copper prices are down about 20%, Amerigo is down 26%), so I’ll probably spend a little more time thinking this one over. If you’ve looked into Amerigo and have some perspective to share, I’d be delighted to hear from you.

And that’s all we’ve got for you today, dear friends — three microcap stocks being teased by Bryan Perry, who we haven’t covered in quite some time… and one of them even looks a little bit interesting, at least to me, but I’m sure your opinion will not be the same as mine. See anything to like about copper tailings, or crypto brokers, or electric boats? Feel like taking a flier on some little penny stocks? Let us know with a comment below.