ABSI is held for its pending royalty litigation; favorable trial read supports upside (multi-bagger potential) with downside protection from royalty cash flows if lost.

So like there's for example um Anaptist Biosciences is a stock I own where they you know basically re recently they separated their development assets from a royalty stream.

So a lot of people own the stock for development assets. Those development assets are no longer there. Um you know the people that own the owned it for the development assets presumably they sell.

Then you have a royalty stream and then there's litigation around the royalty stream.

The business is entirely different today than it was a year ago and it is entirely well not entirely it is there are real upside cases tied to an event that is pending and that should be concluded by the end of this year independent of you know Iran and oil prices and interest rates.

Um you know the the trial is complete the I my my read on the trial is very favorable and we'll see what happens. But you know for now we're just kind of waiting to see. In a bad in a bad scenario though, there's still future cash flows tied to royalty stream.

You can value those cash flows however you choose and come up with some downside protection.

And in a a good trial outcome, um you know, there's there's in theory there's multi-bagger potential depending on how how good the trial outcome could be.