RNK Trading - Peter Solomon Kovacs

01/01/2026

Earlier I caught on to the future success of RocketLab (ticker: RKLB) through a media article and bought some shares to be part of the past year's historic rise of their stock from the low on April 15, 2024 at $3.47 (I bought near that), and then, to close this past year on December 22, 2025 at $79.83 (I closed at $70 on Dec. 19 with an elegant Covered Call Option Trade). This is more than just the financial gain, it is seeing the Space Industry coming of age.

Ironically, this success also triggered a complete total change in my investing style away from “hunch investing” thinking a company might succeed because it’s a good idea, to my actual life process of making good decisions for a gradual growth to success based on facts and data; and this proved to be my most successful investing year in my life with this shift that realigned my investing style to match my life purpose of my wife as woman wisdom and the biblical “crown of life” (James 1:12; Sngs 3:11; Proverbs 31:10) concept that is structured on the same process.

This is "success" defined as living in the epicenter of God’s will and providence and where “Heaven meets with earth,” even when the success is gradual, slow, and still unrealized, that requires patience, perseverance, and faithfulness just doing what Yeshua says walking in faith and trust, even when not having the promised or hoped for results. A practical lesson that proved following God’s wisdom in investing also yields profitable results for the long term

10/10/2024

I have degrees from some of the world's best universities and am a MA RPA, a Registered Professional Archaeologist, but the problem with this scenario, one might think, is that I actually love being an Amazon.com Driver! So a new Facebook album: Lessons Learned from being an Amazon Driver that hopefully are funny for those who understand the humor encrypted in the lesson. Also, my new Amazon Driver Cartoon Avatar I made from a photo of myself as I work for Amazon each day, 10 hours/day, 40 hours/week.

05/22/2023

3-Wheeled SOLO experiment comes to an end. New ElectraMeccanica CEO, Susan E. Docherty, leads the way with a focus on 4 wheels that connects with the Tofino concept car:

"We’re going to focus our expertise and resources on designing and building - onshore - a new, four-wheeled electric vehicle that we’re calling Project E4. We believe that major opportunities remain for an experienced maker of smaller, nimbler EVs with eye-catching design and personalized features."

Looking forward to what they come up with. Everyone knows the single passenger EV commuter car concept, cargo delivery vehicle (and cargo maintenance vehicle), etc., is still a good and needed idea. There are places you just DON'T WANT fuel emissions like in national parks, residential condos/apartments, tourist locations, and urban commuting, etc.

I remember way back in the 1988 just before the "Iron Curtain" fell on 9 November 1989 my family took a trip from Budapest to visit Austria and the majestic mountains of Austria. We stayed in the Zimmer Frei's and our Austrian hosts told us that the boats on the lakes were electric!

"Austria's lakes attract millions of visitors every year, with the larger lakes having a solid infrastructure of marinas, repair shops,
and hire fleets. However, due to the tight restrictions on the use of marine combustion engines, which are banned altogether in many areas, electric boating and sailing are very popular."

Source:https://www.amem.at/pdf/AMEM_Communication_029_IBI.pdf

The Austrians figured out a long time ago that to protect their tourism industry they have to protect their natural resources.

So maybe the 3-Wheeled commuter SOLO may not catch on due to "Path Dependency" that teaches us once humanity gets in "the groove" for a technology it is difficult to try something new. The most famous examples are the computer keyboard layout. I saw the same in the context of archaeology: https://www.academia.edu/4056142/Path_Dependence_as_a_Paradigm_for_Archaeology

The four-wheeled car goes back as far as the invention of the wheel and the horse-drawn wagon or carriage, probably started with farming technology back in Mesopotamia circa 4000 BCE. Humanity can depart from the "path". Humanity once it has a tech it likes usually does not. Lesson learned.

The USA needs to follow the lead of the Europeans and protect our urban areas. Effectively immediately there needs to be a focused reduction and eventual non-use of combustion engines in government vehicles in national parks. A key location to set up EV rental facilities enforced by law for tourists.

I hope ElectraMeccanica is inspired to follow the lead of the Europeans and the design concepts of European cars, as well as Tesla, et al, to develop the SOLO or whatever Project E4 will become as a four-wheeled car, single passenger, two passenger, etc:

- EV commuter car;
- EV convertible "fun" car especially for use at tourist locations;
- EV cargo car for use as a "fun" delivery vehicle;
- EV cargo car for use as a maintenance vehicle at condos;
- four-wheel drive "off road" EV use in national parks and other geographic locations protected as natural resources.

01/26/2023

EV SOLO is one of the companies I am following and own shares. A recent article highlights the same thoughts I had over the last few years since I heard of the company:

"With the nice-looking vehicles being designed in the EV space, it seems to me the SOLO must be positioned as a work horse of some type, or as a secondary option for travel once a person reaches a specific destination, such as the aforementioned lake communities or maybe mobile destinations where people park their motor homes."

- Gary Bourgeault on Seeking Alpha[1]

With the downturn in markets and the "Crypto Winter" after a stellar year of returns I found myself needing to find more sources of income since I have not yet reached my goal of financial independence. I love to drive. I love Amazon. So I got myself hired as an Amazon Delivery Driver.

What I've learned from this experience is that the "a work horse of some type" for the SOLO will be just like the work horse of Amazon: EDVs or Electric DELIVERY Vehicles. Why?

Who do you think I see on the streets of our cities and neighborhoods driving in a professional capacity? Amazon Delivery Vehicles (DVs, not yet EDVs), other DVs (Fed Ex, UPS, USPS, etc.), Police, First Responders, construction vehicles (private and municipal), and Pizza Delivery Vehicles and other Food Delivery Vehicles.

Which one of those "work horses" is SOLO already targeting?

Pizza Delivery.

The SOLO "Pizza" Cargo EDV can own the market for the reason that it is quick and small and can be parked and maneuvered into places that the traditional four-door sedan pizza delivery vehicle cannot. That is important to get the Pizza [E]DV out of the way of local traffic and other DV's trying to make deliveries like Amazon, etc.

Pizza delivery and other food delivery is small quantity, short-run, and local. People want their pizza and food delivery "as fast as possible" and must be quick. THE SOLO EDV for pizza delivery and all food deliveries could potentially be an ideal match.

The other market, "a secondary option for travel once a person reaches a specific destination" is the one I also observed, but not to replace the golf cart. I was thinking tourism and travel. That could then filter back to domestic use in the USA via marketing and experience.

What is needed? Again I agree with Seeking Alpha analyst:

"My thought there is the company already has a product it is manufacturing and should focus most of its spend on marketing the SOLO."

First off, as of December 2022 the SOLO manufacturing facility & corporate headquarters in Mesa, Arizona was only the "nearly-completed manufacturing facility in Mesa, Arizona".[2]

This is still the major obstacle. Why market the SOLO if the company can't meet demand?

When the manufacturing facility in Mesa, Arizona is complete then unleash the global marketing campaign. And as I said before I think the way to market the SOLO EV is as a travel destination "Paradise EV" that you can cruise around in on Santorini, Greece or cruise to your local Starbucks in the USA. The marketing experts will know best, but I think the travel destination marketing concept could be a winner for the SOLO EV.

I guess we'll see. A really tempting time to buy more shares, and maybe I will or maybe I will wait until the manufacturing facility in Mesa, Arizona is complete and the company begins to report positive earnings. That will probably will be too late to get SOLO at the bargain price of under $1.00 where it is today.

A concluding thought is that the permanent investment in the SOLO manufacturing facility & corporate headquarters in Mesa, Arizona is significant. This does show the company believes in its permanent future, and not just the lower-risk manufacturing with a third-party in China, if that matters (Apple manufactures in China, right?).

Even so, I think domestic manufacturing is more important as a new U.S. car manufacturer as evidence of a "hard fact" of what the company believes about its future. While that doesn't guarantee a successful future, it does indicate based on fact, not just an idea, that the company has decided to institutionalize its future in the USA with a permanent manufacturing facility.

Future growth for SOLO EDV: Domino's Pizza EDV

Have you seen the Domino's EDV commercials? SOLO and Domino's Pizza could be a really good match. The most frequent Delivery Vehicle I see on the streets as I drive for Amazon are the Domino's Pizza Delivery Vehicles.[3]

[1] Seeking Alpha article source (sign-in required): https://seekingalpha.com/article/4563539-electrameccanica-must-find-foundational-niche-to-survive

[2] Business Wire article on SOLO manufacturing facility: https://www.businesswire.com/news/home/20221212005168/en/ElectraMeccanica-Celebrates-Commissioning-of-New-Manufacturing-Facility-Corporate-Headquarters-in-Mesa

[3] Domino's Pizza EDV: https://youtu.be/fbKjAKeGsxM

08/23/2022

“The Solo car has quickly built a reputation as an innovative urban commuter EV, and Israel Englander’s curiosity was clearly piqued. The legendary investor already held a small stake in this company, but he increased it by over 2,200%, or 1,069,368 shares, in the last quarter. This brings his total holdings in SOLO to 1,116,375 shares, now worth $1.66 million.”

Great news for one of my favorite EVs. I also have a small holding of SOLO.

https://www.tipranks.com/news/article/billionaire-israel-englander-picks-up-these-3-small-ev-stocks

06/22/2022

Just read the news today, yesterday I was writing about the METAVERSE concept that I called an "Archaeological Holodeck" using 3D software and GIS (geographic information system) I wanted to develop with Archaeology HUJI when I was accepted for the PhD back in 2016 (HUJI stands for the Hebrew University of Jerusalem, Israel). Kol hakavod (Hebrew for "good job", literally "all the glory") to Professor Ilan Sharon for having the foresight to accept me to the PhD, even though ultimately we did not begin.

Perhaps, a bit ahead of our time. That was before virtual reality headsets like META's Oculus VR headset. Oculus uses technology from KOPN one of my other stock recommendations for the METAVERSE since August 2021, also cutting-edge military tech.

[WESTBOROUGH, Mass. - Kopin Corporation (NASDAQ: KOPN), a leading provider of high-resolution microdisplays for Augmented Reality (AR) and Virtual Reality (VR).]

Amazing timing. This happened yesterday in METAVERSE history, June 21st, 2022: the Metaverse Standards Forum.

"The metaverse is motivating the novel integration and deployment of diverse technologies for collaborative spatial computing, such as interactive 3D graphics, augmented and virtual reality, photorealistic content authoring, geospatial systems, end-user content tooling, digital twins, real-time collaboration, physical simulation, online economies, multi-user gaming, [I add: virtual reality visits to archaeology sites and academically-informed GIS reconstructions including placement of artifacts at exact GPS coordinates as when found during excavations for other researchers to study, and tourists to visit], and more – at new levels of scale and immersiveness.

Founding members include: 0xSenses, Academy Software Foundation, Adobe, Alibaba, Autodesk, Avataar, Blackshark.ai, CalConnect, Cesium, Daly Realism, Disguise, the Enosema Foundation, Epic Games, the Express Language Foundation, Huawei, IKEA, John Peddie Research, Khronos, Lamina1, Maxon, Meta, Microsoft, NVIDIA, OpenAR Cloud, the Open Geospatial Consortium, Otoy, Perey Research and Consulting, Qualcomm Technologies, Ribose, Sony Interactive Entertainment, Spatial Web Foundation, Unity, VerseMaker, Wayfair, the Web3D Consortium, the World Wide Web Consortium, and the XR Association (XRA).

Metaverse Standards Forum to foster the development of open standards for the metaverse; Membership is free and open to any organization. Founding members include: 0xSenses, Academy Software Foundation, Adobe, Alibaba, Autodesk, Avataar, Blackshark.ai, CalConnect, Cesium, Daly Realism, Disguise, the...

05/18/2022

"The Many Ways Wall Street Is Embracing Crypto" - David Zeiler

Many have invested millions in crypto startups, but that’s not all they’re doing. Most major banks have created “digital asset teams” and continue to staff them up.

Here’s a taste of what’s been going on:

Goldman Sachs Group Inc. started trading over-the-counter Bitcoin options with Galaxy Digital in March. Last year, it launched a crypto trading desk. In April, Goldman offered its first Bitcoin-backed loan. Internally, the bank is working on ways to offer crypto services to its private wealth management customers.

JPMorgan has more than 200 employees in its digital assets division, making it one of the largest. In February, JPMorgan became the first big bank to open an office in the metaverse – in Decentraland (MANA), to be exact.

[RNKT: JPMorgan Chase & Co. (NYSE: JPM) "Onyx by J.P. Morgan is at the forefront of a major shift in the financial services industry. We are the first global bank to offer a blockchain-based platform for wholesale payments transactions, helping to re-architect the way that money, information and assets are moving around the world." Source: https://www.jpmorgan.com/onyx/about.htm]

Fidelity Investments announced it would allow clients to add Bitcoin to their 401(k) retirement savings accounts. In April, Fidelity established a presence in the Decentraland metaverse.

Visa Inc.‘s head of crypto said in December that the company had formed partnerships with 60 major crypto platforms across the globe. The deals involve card programs that make it easy to convert and spend crypto.

Not to be outdone, Mastercard Inc. has its own “Crypto Card Program” that includes multiple partners, including such major crypto companies as Paxos, Circle, Gemini, and BitPay. A new type of card created in partnership with Nexo (NEXO) uses the customer’s digital assets as collateral.

Blackrock Inc. was part of a $400 million funding round for Circle, with which it has a partnership to look into how Circle’s USDC stablecoin could be used in capital markets.

Last year, the New York Stock Exchange (NYSE) minted its first non-fungible tokens (NFTs), but it appears to have much more ambitious plans. In February, it filed an application with the U.S. Patent and Trademark Office to create an online marketplace for NFTs, metaverse-based products, and other digital assets.

And that’s not all. We’re seeing a huge “brain drain” from both big finance and big tech into crypto startups – an even more telling sign that crypto is here to stay.

The Best and Brightest Are Betting on Crypto

Dozens, if not hundreds of high-level people have left safe, lucrative jobs for the wild, unpredictable world of crypto.

Think about that for a second. People with high-level jobs in major financial and tech firms did not get there by being stupid or foolish. They’re among the smartest, most savvy people you can find.

Why make such a risky move? It’s clear to me they want to “skate to where the puck is going to be” – and that’s crypto and everything related to it.

“There is a giant sucking sound coming from crypto,” Sridhar Ramaswamy, a former Google executive who is now CEO of search engine startup Neeva, told The New York Times. “It feels a bit like the 1990s and the birth of the internet all over again. It’s that early, that chaotic and that much full of opportunity.”

I can’t give you an exact number, because as far as I know, no one is tracking it. But over the past year or so I have personally seen dozens of stories about Wall Street people taking the leap into crypto.

Here’s a sample:

John Dalby, the former chief financial officer at Bridgewater Associates – the world’s largest hedge fund – left to join New York Digital Investment Group (NYDIG) last year.

The head of crypto at Meta (Facebook’s parent), David Marcus, left in December to become co-founder and CEO at Lightspark, a company created to explore the capabilities and utility of Bitcoin.

Three former Citi executives left the bank earlier this year to form a crypto-oriented investment management firm called Motus Capital Management.

The head of fintech at the Bank of England, Varun Paul, has left to join crypto custody firm Fireblocks.

The vice-president of Amazon‘s cloud computing division, Sandy Carter, left in December to become vice president of business development and channel chief at a crypto startup called Unstoppable Domains. Before AWS, Carter spent 16 years at IBM.

The head of ETF technology at Citadel Securities, Brett Harrison, left last year to become president of the FTX.US crypto exchange.

Visa’s head for regulatory affairs for Europe, Roeland Van der Stappen, jumped to crypto exchange Crypto.com less than a month ago, where he serves as vice president, policy, and engagement, EMEA.

A long-time managing director at Goldman Sachs, Roger Bartlett, jumped to Coinbase in February, where he is now vice president for global financial operations.

Heavy hitters like this don’t make career moves into a nascent industry that they think is going to blow up and disappear. They’re convinced that crypto is the future of finance – and that shifting to crypto will boost their careers.

Source: American Institute for Crypto Investors

Photo screenshot from JPMorgan: https://www.jpmorgan.com/onyx/onyx-digital-assets.htm]

05/11/2022

This is my response to Peter Schiff, et al, who are skeptical about the DeFi paradigm shift and global finance built upon the Blockchain and Bitcoin as a new Digital Gold Standard and advise the return to the Gold Standard, and to invest in gold long-term as a multi-generational investment (short-term is another issue). Whatever you do, DO NOT advise people to buy Lapis Lazuli! Look at King Tut for example.

First, reference this excellent interview with and that sets the stage: https://youtu.be/2Q44zJoMRN4

We need to hear the CRITICAL PERSPECTIVE on Bitcoin to help us be more certain that in the long-term after the present shift in global finance to DeFi is completed, we can be more confident today that Gold will become near worthless just as Lapis Lazuli is at present.

King Tut's mask is actually made of copper, layered in gold, and inlaid with lapis lazuli. I think if Peter Schiff lived in ancient Egypt he definitely should have advised his clients to invest in lapis lazuli because it was the gemstone of Royalty and Nobility, Kings and the Elite, and one the most valuable precious stones of its time...unless of course he was advising some of his ancestors among the ancient Israelites who were settling in our new homeland of the Promised Land. At that time still semi-nomadic and looking for good deals.

"In 3400 years lapis lazuli will be worth a fortune, and maybe gold as well, but that's really only used for royal tomb artifacts. Buy lapis lazuli!" an ancient Israelite investment advisor maybe said one day to a Hebrew shepherd looking to invest some cash after selling a few goats and shearing his sheep.

Fine ancient lapis lazuli from the Late Bronze age is still worth something as an artifact, but new lapis lazuli...here's 1 kg for $8! King Tut and the Pharaohs would probably be in shock!

03/15/2022

SPACE: “We can confirm the successful deployment of the satellites on Spaceflight's Astra-1 mission today. We are grateful to our partner and incredibly proud of this mission success.”

Some screen captures from the successful launch today. When the Bible was written thousands of years ago they had no way to see the Earth from Space yet this screen capture illustrates the verses I was reading this very morning so perfectly (my commentary in brackets):

“Forever, ADONAI, Your Word stands (נצב) in the Heavens (שמים [shamayim] symbolized by the blue ספיר [sapir, i.e. sapphire] Israelite signet stone that now for us also symbolizes the view of Earth from Space! cf. Psalm 19).

Your Faithfulness endures from generation to generation. You established (כון) the Earth and she stands (תעמד like a “tamar” palm column like the proto-aeolic capitals and columns of the House of David in Jerusalem reading עמודא in Syriac (from BDB) into the verse) (Psalms 119:89-90).

03/07/2022

"Ukraine “weaponized” crypto after Russia invaded the European nation at the end of February, raising over $60 million in bitcoin (BTC), ether (ETH) and other cryptocurrencies and immediately spending some of these funds on fuel, food and other supplies – including bulletproof vests for soldiers.

Ukraine’s de facto crypto ministry, the Ministry of Digital Transformation, is facilitating the buying of military equipment based on the demands of the Ministry of Defense, said Alex Bornyakov, the deputy minister at the ministry. The operation involves Kuna, the Ukrainian exchange that set up the donation addresses; two ministries; five signatories and several other government officials as key players."

Some of the military suppliers to Ukraine have crypto accounts, said the Ukraine government.

03/01/2022

Massachusetts Institute of Technology names Ethereum Proof of Stake as Top Tech Breakthrough for 2022!

The Massachusetts Institute of Technology has named Ethereum’s (CRYPTO: ETH) upcoming transition to a proof-of-stake blockchain to its list of top technological breakthroughs for 2022.

02/23/2022

"Let the mountains bring pizza to the people" (Psalm 72:3 PLV - Pizza Lovers Version).

"VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) - a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today announced an initial fleet purchase of 20 SOLO Cargo EVs from Mountain Mike’s Pizza, a 40-year old regional pizza chain headquartered in Northern California, with more than 200+ restaurants across California, Arizona, Oregon, Nevada and Utah.

The SOLO Cargo currently allows space for approximately 15 standard pizza boxes in its 11.8 cubic feet trunk, and operates at an average cost of $.30 per mile (which is roughly 5 times the savings of third-party delivery applications and $.24 per mile savings for those on a driver reimbursement model). Given its right-sized capabilities, the SOLO Cargo creates an ideal price point in the market to change food delivery space behavior: optimizing those restaurants looking to transition to in-house deliveries or those individuals looking for a low-cost alternative to drive for third-party delivery apps.

Revenue in the US online food delivery segment is projected to reach $66.5 billion by the end of 2022, with an annual growth rate of 9.7%. The SOLO Cargo addresses this niche need within the industry by offering a low total cost of ownership alternative, which incorporates the right vehicle acquisition price point, with little maintenance requirements and lower annual insurance premiums. Additionally, the SOLO and SOLO Cargo supports those businesses looking to reduce their carbon footprint by transitioning to an electric and downgrade their oversized traditional gas-powered fleet vehicles."

Sources:

1. https://investors.electrameccanica.com/press-releases/detail/171/electrameccanica-announces-initial-20-unit-solo-cargo-fleet

2. https://www.mountainmikespizza.com/