Chit Chat Stocks He Bought GameStop Before It Mooned. This Is The MicroCap Stock He Owns Today
Mar 25, 2026
Rod Alzmann, an independent investor and Substack analyst known for deep-dive research and a large WM Technology position. He walks through why WM is down 97%, the company’s revenue mix and regulatory risks, potential Virginia-driven upside, takeover dynamics and the tax receivable agreement’s impact. Short-interest mechanics and board engagement also get close scrutiny.
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Rod's GameStop Win Sparked His Investing Story
- Rod recounts being an early GameStop investor and publishing a GMEDD report in January 2021 that coincided with the stock's surge.
- He describes the experience as once-in-a-lifetime and life-changing, which framed his later interest in meme/SKUs and cannabis SPACs.
Value Weedmaps By Netting Out Cash First
- When valuing WM Technology, separate cash from the operating business: Rod counts ~$62.4M cash and ~159M fully diluted shares, implying ~40¢ cash per share.
- He excludes far‑out warrants and focuses on operating value (~25¢ per share) to assess upside.
Rescheduling Could Help Or Hurt Weedmaps
- Federal rescheduling or descheduling is a two-sided risk: it could remove 280E (big tailwind) but also invite mainstream competitors.
- Rod argues the company's early mover network effects and compliance features may limit competitive displacement after rescheduling.