MicroCapClub

Alex Wylie, founder and CEO of Liberty Stream Infrastructure, is an oil-and-gas entrepreneur turning produced water into lithium. He explains extracting low-ppm lithium from oilfield brines, scaling field units to 10,000 bbl/day, and building on-site refining to make saleable carbonate. He covers Permian scale, partnerships with industrial buyers, funding choices, and plans to expand across U.S. basins.

Michele Corradi, co-founder and CEO steering strategy and finance, and Andrea Allegrini, COO running operations and waste services. They trace Lindbergh’s rise from logistics into HVAC roll-ups and waste management. They discuss rapid HVAC consolidation, technician-focused service platforms, acquisition structures that pay ~2x EBITDA, and how network management fuels cash and synergies.

Tim Hansen, a Private Equity investor at Permanent Equity and author of the Unqualified Opinions newsletter, shares his path from The Motley Fool to buying and operating small firms long-term without debt. He discusses Permanent Equity’s unlevered approach, assessing free cash flow and quality of earnings, recruiting in Columbia, and building durable, culture-driven businesses. Short, engaging stories punctuate the conversation.

In a revealing conversation, Deanna Juergens, CEO of Armanino Foods, shares her journey and strategic vision for the company, a leader in Italian specialty foods. She discusses the importance of disciplined cost management and steady growth through national QSRs and international markets, particularly in Asia. Deanna elaborates on their premium sauce offerings, the pivotal role of pesto, and the firm's robust financial health with no debt. She also highlights the challenges and opportunities within the foodservice sector and the company’s ambitious growth agenda.

David Gardner, co-founder of The Motley Fool and author known for his Rule Breaker Investing approach, delves into his entrepreneurial roots and the birth of The Motley Fool. He shares valuable insights on emotional resilience in investing, the importance of trust in business, and lessons learned from both triumphs and failures. Gardner highlights the dangers of selling winning stocks too early and explains why he prefers buying individual stocks. He encourages listeners to embrace a mindset of humility and curiosity while navigating investments.

Aswath Damodaran, a finance professor and valuation expert known for pragmatic, practice-focused teaching. He recounts his early life, explains valuation as structured storytelling, and shares lessons from big wins and losses. He debates passive versus active investing, questions AI’s monetization, and urges investors to build human-driven, qualitative edges.

In this business breakdowns, Adam Wilk sits down with Mama's Creations (MAMA) CEO Adam Michaels and Chief Commercial Officer Chris Darling. This MicroCap Business Breakdowns discussion took place live on January 7th, 2026, on the MicroCapClub Community. ⁠https://microcapclub.com/join-now/⁠This is a follow up discussion from our initial interview with the company that aired June 24th, 2024: https://youtu.be/QU174KOAnyA?si=dnVLI5ajilPRExaXMama’s Creations, Inc. is a food business that seeks to be a “one-stop-shop” deli supplier. The company originally started selling a single product, Italian meatballs, but have since grown their product portfolio into other Italian cuisine along with salads, sandwiches, olives, soups, pizza and even some initial items in Asian cuisine. Their primary distribution channel is grocery and club. They have a nascent online presence and are very early in making in-roads in the convenience store channel.The business was an operational turnaround with the arrival of CEO Adam Michaels CFO Anthony Gruber in September of 2022. During the past three years, management has improved operations, profitability, and added resources in operations, sales and marketing. The company has a vision of becoming $1 billion business that “owns” the fresh deli space, through a combination of organic growth and acquisitions. They have room to grow within the deli space, as they continue to build out their product portfolio. In addition, while they have a nice customer list including Costco, Sam's Club, Publix, Aldi, Albertsons, BJ’s and others, there remains room to penetrate even larger customers such as Walmart, Target, and Kroger, with an opportunity in convenience as well. https://mamascreations.comDisclaimer: The purpose of this presentation is for informational and educational purposes only and should not be construed as a recommendation to purchase or sell any security. MicroCapClub is not a registered investment advisor. MicroCapClub, its partners, members, subscribers, and affiliates may or may not hold positions in one or more of the securities mentioned on this program and may trade in such securities at any time. Do your own due diligence and seek counsel from a registered investment advisor before trading in any security.

In this conversation, Howard Marks, co-founder and chairman of Oaktree Capital, shares his deep investment insights. He discusses the subjective nature of risk and why it's more than just volatility. Marks analyzes the role of market cycles in microcaps and critiques the dominance of a few stocks in the S&P. He also reflects on the economic impacts of Brexit, warns about private credit complacency, and offers unconventional investment advice. Throughout, he emphasizes personal growth and the importance of maintaining low expectations for a fulfilling life.

In this business breakdowns, Adam Wilk and Trevor Treweeke sit down with BeWhere Holdings (BEW.V / BEWFF) President and CEO Owen Moore. This MicroCap Business Breakdowns discussion took place live on December 22nd, 2025, on the MicroCapClub Community. ⁠https://microcapclub.com/join-now/⁠BeWhere Holdings Inc. is a Mobile-IoT (M-IoT) / Industrial-IoT company that designs, manufactures, and sells hardware with sensors plus software (mobile apps, middleware, cloud-platform) to enable real-time tracking and monitoring of non-powered assets, as well as environmental sensing. Its end markets include a wide set of industries with need for remote or distributed asset/inventory management, notably logistics, transportation and fleet operations (trailers, dry vans, chassis), construction and heavy equipment, government and public services (e.g. emergency-services gear tracking), utilities / infrastructure, healthcare & EMS, and general supply-chain / inventory management. https://bewhere.comDisclaimer: The purpose of this presentation is for informational and educational purposes only and should not be construed as a recommendation to purchase or sell any security. MicroCapClub is not a registered investment advisor. MicroCapClub, its partners, members, subscribers, and affiliates may or may not hold positions in one or more of the securities mentioned on this program and may trade in such securities at any time. Do your own due diligence and seek counsel from a registered investment advisor before trading in any security.

In this business breakdowns, Ian Cassel and Chris Plahm sit down with Sanara MedTech (SMTI) CEO Seth Yon and CFO Elizabeth Tayler. This MicroCap Business Breakdowns discussion took place live on December 11th, 2025, on the MicroCapClub Community. ⁠https://microcapclub.com/join-now/⁠Sanara is a profitable, growing, 90%+ gross margin small-cap med-tech company trading at 1/2 of peer group multiple. The surgical business is on a path toward 20% growth or roughly $125 million in revenue and around $25 million in EBITDA in 2026, representing a multiple today of 1.75x EV/Sales and 8.8x EV/EBITDA. Peer med-tech companies with similar growth and margin characteristics typically trade at 3- 6x sales and in the low-teens to high-teens on EBITDA. The shutdown of THP (discontinued operations) in late 2025, will make the financials much cleaner and easier for investors to see and model through 2026 and beyond. The setup is in place for a meaningful re-rating along with operational progress as the story becomes purely surgical and operating leverage continues to show through. https://sanaramedtech.comDisclaimer: The purpose of this presentation is for informational and educational purposes only and should not be construed as a recommendation to purchase or sell any security. MicroCapClub is not a registered investment advisor. MicroCapClub, its partners, members, subscribers, and affiliates may or may not hold positions in one or more of the securities mentioned on this program and may trade in such securities at any time. Do your own due diligence and seek counsel from a registered investment advisor before trading in any security.