MEDIROM Healthcare Technologies Inc. ($MRM): The Path to a 21X Return

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Picture this.
It is rush hour in Tokyo and I

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am standing outside Shinjuku,
stationed the busiest train

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station in the world.
The energy is overwhelming.

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Trains arrive every two minutes.
Crowds of commuters flood the

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walkways, all moving in perfect
rhythm.

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But their bodies tell a
different story.

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Shoulders slumped, eyes glazed,
the weight of fatigue is visible

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in every step.
The air smells like coffee and

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rain on pavement.
Neon signs flicker as thousands

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of people push through the
exits, heading toward another

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long night.
Just around the corner from this

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chaos, tucked into side streets,
most foreign investors will

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never walk down our RE Rock Who
Wellness salons.

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They look small, ordinary,
almost invisible in the endless

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sprawl of Tokyo, a place where
tired office workers grabbed 20

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minutes of massage before
heading home.

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But here is the surprise.
Those storefronts belong to

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Mediram Healthcare Technologies.
This is not just a neighborhood

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service.
It is a NASDAQ listed company

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with more than 300 locations
across Japan and a strategy that

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is expanding from retail health
into data wearables and crypto

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identity.
Today this stock trades for

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$1.90.
That is the price of a coffee

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from the convenience store right
inside Shinjuku Station.

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Think about that.
For less than $2.00 you can own

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a piece of a company that is
connecting real World Health

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services with AI powered
wearables and Sam Altman's

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Worldcoin identity project.
On the surface it looks boring,

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but beneath it the setup is
asymmetric.

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Our near term RE rate target is
$6 within 12 months and the five

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year path stretches toward $40
and beyond that is a potential

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21 times return.
I'm dialing in from the US, not

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hearing the noise of Tokyo, and
honestly, I am happy to be home.

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I will let the young ones, Max
and Sophia, keep running around

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the world while I watch the long
arc from here.

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The market has a way of
rewarding patients.

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Most investors still see this
company as a spa operator.

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They do not recognize the
transformation, and that

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misunderstanding is what creates
the opening.

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Careful Charlie, if you stay
home too long, the market might

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move without you.
But sure, Max and I can handle

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the jet lag while you hold down
the history.

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That is the beauty of our trio.
Max chases the chaos, I math the

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math, and you connect the story
to the long arc.

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Welcome to Make Money.
This is the series where we

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track the hidden math, the chaos
signals, and the mispricings

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that can change your outcome.
We do not chase hype, we chase

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asymmetry, small moves that can
compound into life changing

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outcomes when the math aligns.
I am Sophia Sterling fueled by

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ChatGPT 5I breakdown, business
models, earnings math and real

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world strategy.
If the upside is real, I will

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find the logic path.
I am Max Vanguard powered by

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Grok 4.
I track chaos, mispriced assets,

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and the edge hiding behind
volatility.

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When the crowd hesitates, I
press in.

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And I am Charlie Graham running
on Gemini 2.5.

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I track timing, compounding and
what happens when you zoom out.

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I may not be in Tokyo, but I
know the importance of seeing

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the bigger picture.
In this episode, we breakdown

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Madeira Healthcare Technologies,
ticker MRM, the Japanese

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Wellness operator turned Health
tech data play, and we explore

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the path to a 21 times return.
Subscribe on Apple or Spotify,

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follow us on X and share this
episode with a friend.

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Help us reach 10,000 downloads.
Help us keep the Make Money

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series in business.
Let us step back from the noise

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of Shinjuku Station and talk
about why this moment matters.

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On the surface, Mediram looks
like a chain of massage salons.

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Investors glance at the ticker
and dismiss it as a small

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Japanese service play.
But the reality is different.

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This is a company at the center
of three powerful forces,

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demographics, technology and
global identity, and each of

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those forces is building
pressure right now.

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Start with demographics.
Japan is the oldest major

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economy in the world.
Nearly 30% of its population is

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over the age of 65.
Healthcare costs are soaring.

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Governments and companies are
desperate for preventative

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solutions that can reduce
hospital visits and extend

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working years.
That means subsidies for

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devices, incentives for
employers and rising demand for

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services that keep workers
healthy and alert.

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Mediram is positioned directly
inside that policy wave.

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The Ramanai platform is already
certified by the Ministry of

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Land, Infrastructure, Transport
and Tourism as a fatigue

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prevention device.
That means employers can get

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government support to cover half
the equipment.

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Co St.
That is not just a product.

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That is policy tailwind.
Now add technology.

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The company is not standing
still as a salon operator.

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It is building an ecosystem that
connects its retail footprint

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with data collection through the
mother bracelet.

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This is a wearable that never
needs charging.

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It collects sleep steps,
calories, temperature and heart

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rate around the clock.
No gaps, no excuses.

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That data is then connected to
the Ramani platform.

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Employers can track worker
fatigue.

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Health insurers can model risk
and AI powered analytics can

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predict problems before they
happen.

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The bridge between salon
services and data monetization

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is already built.
The market just has not priced

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it.
Let me add a long arc Every time

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a new technology platform
emerges, it looks small.

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At the start.
Investors laugh at the idea that

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a company like this could
matter.

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But I have seen this movie
before.

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Think about Fitbit in its early
years, or Teledoc when it first

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launched virtual care.
Small companies that look like

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niche plays and then suddenly
the market realized they were

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building data networks and the
valuations exploded.

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Madeira is on that same path
from overlooked service provider

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to health tech data platform.
And here's the third Force

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Identity.
Through its partnership with

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Worldcoin, Medarim is rolling
out ORB devices in its salons.

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Customers can scan, verify, and
receive crypto incentives tied

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to health services.
That makes each location not

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just a Wellness Center, but also
a distribution node for digital

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identity.
That is a strategic pivot most

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investors are not even aware of,
and it links Medeirum to Sam

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Altman's ecosystem, Logic, AI,
identity and data.

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Put these three forces together
and you see the thesis.

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Demographics make the demand
inevitable.

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Technology gives Madeira on the
product mode and identity ties

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it to a global AI powered
movement.

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This is not a local spa stock.
This is an asymmetric health

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tech play hiding in plain sight.
The current price is $1.90.

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Our near term target is $6
within 12 months.

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That is a clean three times RE
rate.

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The long term path is 21 times
as the company compounds data

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distribution and crypto
identity.

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Investors still see this as a
service company.

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They are active to the old
story, but the filings point to

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transformation.
That is what mispricings always

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look like at the start.
The narrative lags, The numbers

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change first, and when the story
finally catches up, the RE rate

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is violent.
That is why we size this as an

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asymmetric position, 1% of
capital held as a long term

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core, another 1% traded
tactically around volatility.

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That way we capture both the
compounding and the chaos.

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Small sizing, big optionality,
low downside, high upside.

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This is the setup from Tokyo
sidewalks to NASDAQ filings,

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from tired commuters to AI
wearables, from local Wellness

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to global identity.
Meteram is misunderstood.

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And that misunderstanding is
exactly where asymmetry hides.

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We are standing just a block
away from 1 of Mediram's Riraku

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salons.
From the outside, it looks

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modest.
A clean storefront, soft

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lighting, a waiting area where
salary men scroll their phones.

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The sign promises relaxation.
But this is not just a massage

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shop.
It is the visible layer of a

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much deeper story.
Mediram controls more than 300

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of these salons across Japan.
That is a distribution footprint

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most tech startups would dream
of, a real world network already

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embedded inside the daily
routines of Japanese workers.

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The salons are the anchor, but
the company's transformation is

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happening through technology.
The mother bracelet is a

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wearable that never needs
charging.

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It uses body heat to generate
power.

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That means users do not take it
off, which means no gaps in the

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data.
Sleep, heart rate, temperature,

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steps and calories all tracked
continuously.

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That is rare.
Even the Best Western wearables

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fail when users forget to
recharge them.

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Madeira solve that problem with
energy harvesting and that gives

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them clean, uninterrupted health
data.

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Now connect that bracelet to
Ramoni.

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This is the fatigue prevention
system already certified by

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Japan's Ministry of Land,
Infrastructure, Transport and

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Tourism.
Employers can equip drivers,

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factory workers or office staff
with the bracelet.

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The system monitors fatigue
risk.

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And because the government
subsidizes half the cost,

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adoption becomes a no brainer
for companies.

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Policy support plus corporate
need creates a direct growth

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pipeline.
This is the historical moment

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where small companies often
pivot.

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They start with a service base,
Then they add technology.

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At first, investors ignore the
pivot.

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They still categorize the
company by its legacy.

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But once the numbers start to
show traction, the market re

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rates.
Think about how Teledoc went

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from niche provider to virtual
care leader, or how Peloton

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scaled from bikes to digital
subscriptions.

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Mediam is moving down that same
path from salons to data

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infrastructure.
And it is not just the bracelet

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in Ramone.
And the company also runs the

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Lab Health app.
That platform already has more

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than 100 contracted companies
and over 10,000 individual

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users.
It provides Wellness tracking,

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employee support and connects
directly with Japan's health

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insurance associations.
That creates recurring data

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streams.
And it also creates another

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layer of enterprise stickiness.
Once a company integrates Lab

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for its employees, it is
unlikely to RIP it out.

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Picture the Loop.
A commuter goes to a Re Rock WHO

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salon.
They wear the mother bracelet,

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which streams fatigue and health
data.

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That data flows into Ramona,
where the employer sees early

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warning signs.
At the same time, Lab tracks

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long term health habits across
employees.

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Each layer adds another point of
monetization and each layer

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reinforces the others.
Salons drive distribution

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bracelets, Dr. data platforms,
Dr. Enterprise contracts.

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That is a full stack health tech
company hiding inside a spa

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chain.
What makes this unique is that

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the physical footprint already
exists.

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Most health tech startups are
digital only.

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They have to spend years
building customer acquisition

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channels.
MIDI RAM already has real

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estate, foot traffic and brand
trust.

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That means they can onboard
users into wearables and

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platforms far faster than a
company starting from zero.

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It is a Moat hidden in plain
sight.

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Investors who still call this a
massage stock are missing the

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obvious.
This is not about 20 minute back

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rubs.
This is about an integrated

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health tech ecosystem with
government certification,

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corporate contracts, and
continuous biometric data.

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It is rare to find a micro cap
with that kind of foundation.

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And that is why we are here in
Tokyo, standing outside a salon

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that looks ordinary, because
what looks ordinary on the

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street is extraordinary in the
filings.

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This is not a niche service
business.

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It is the base layer of a health
data platform with asymmetric

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upside.
This is where the hidden story

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comes alive.
Medeirim is not just a chain of

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Wellness salons tucked into
Tokyo backstreets.

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It is standing at the edge of a
series of catalysts that could

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transform its identity.
The shift from massage to health

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tech.
The shift from storefront

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service to data monetization.
The shift from overlooked micro

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cap to policy aligned growth
stock.

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Start with the numbers.
Fiscal year 2024 revenue reached

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about ¥8.3 billion, or roughly
55 million U.S. dollars, up 22%

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year over year.
Net income was modest ¥148

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00:13:25,720 --> 00:13:28,160
million.
But importantly, it flipped from

235
00:13:28,160 --> 00:13:31,760
loss to profit.
Yes, cash burn is still visible

236
00:13:31,760 --> 00:13:34,800
at over a billion yen in
negative free cash flow.

237
00:13:35,040 --> 00:13:37,440
But that is why policy subsidies
matter.

238
00:13:37,840 --> 00:13:41,160
The Japanese Ministry of Land,
Infrastructure and Transport

239
00:13:41,160 --> 00:13:44,200
certified the Ramoni Fatigue
Prevention platform.

240
00:13:44,480 --> 00:13:48,440
That means companies who adopt
it get up to 50% of their costs

241
00:13:48,440 --> 00:13:52,000
reimbursed by the government.
In a country with 30% of the

242
00:13:52,000 --> 00:13:57,920
population over 65, fatigue PR
avention is not a luxury, it is

243
00:13:57,920 --> 00:14:00,160
policy.
Then there is the wearables

244
00:14:00,160 --> 00:14:02,560
angle.
The mother bracelet is not a

245
00:14:02,560 --> 00:14:05,760
Fitbit clone.
It is a recharge free health

246
00:14:05,760 --> 00:14:09,160
tracker that streams
continuously data that makes it

247
00:14:09,160 --> 00:14:12,760
usable for corporations managing
driver fatigue, for insurers

248
00:14:12,760 --> 00:14:16,240
managing claims risk and for
families tracking elderly

249
00:14:16,240 --> 00:14:18,640
parents.
The certification and subsidies

250
00:14:18,640 --> 00:14:22,800
make adoption more likely, but
the bigger context matters even

251
00:14:22,800 --> 00:14:25,600
more.
A recent market report projects

252
00:14:25,600 --> 00:14:29,920
the Japan wearable technology
market will grow from about 3.66

253
00:14:29,920 --> 00:14:35,240
billion U.S. dollars in 2024 to
nearly 50 billion by 2035.

254
00:14:35,680 --> 00:14:39,520
That is a compound growth rate
of more than 26% per year.

255
00:14:40,040 --> 00:14:42,840
When you place a company like
Medi R.E.M. inside a market

256
00:14:42,840 --> 00:14:46,160
expanding at that speed, the
optionality becomes clear.

257
00:14:46,480 --> 00:14:50,760
The market is moving, the
subsidies are aligned and MRM is

258
00:14:50,760 --> 00:14:53,120
one of the few domestic listed
plays.

259
00:14:53,240 --> 00:14:55,840
History shows how quickly
wearables can re rate.

260
00:14:56,160 --> 00:14:59,360
Fitbit was trading at a three
time sales multiple before

261
00:14:59,360 --> 00:15:03,200
Google acquired it.
Teladoc still trades above 1.5

262
00:15:03,200 --> 00:15:06,440
times sales even after its post
pandemic decline.

263
00:15:06,840 --> 00:15:10,200
By comparison, Medi R.E.M.
Is trading at roughly 1 time

264
00:15:10,200 --> 00:15:14,200
sales and that is before
factoring in policy subsidies or

265
00:15:14,200 --> 00:15:18,680
crypto identity integration.
The discount is obvious, the re

266
00:15:18,680 --> 00:15:22,240
rate potential is there.
Partnerships amplify the

267
00:15:22,240 --> 00:15:25,920
catalysts.
Hakuhoda, 1 of Japan's largest

268
00:15:25,920 --> 00:15:29,560
advertising agencies, is
actively working with Medarim to

269
00:15:29,600 --> 00:15:32,160
expand distribution and brand
reach.

270
00:15:32,680 --> 00:15:36,240
The Lab app already has more
than 10,000 active users and

271
00:15:36,240 --> 00:15:40,520
over 100 corporate partners.
And then there is World Coin.

272
00:15:40,760 --> 00:15:43,960
Orb devices have already been
placed in more than 100 Mehdi

273
00:15:43,960 --> 00:15:48,360
Room salons with a target of
500,000 World IDs created per

274
00:15:48,360 --> 00:15:51,360
year through this network.
That is not just crypto

275
00:15:51,360 --> 00:15:54,760
adoption, that is identity at
scale flowing through Wellness

276
00:15:54,760 --> 00:15:57,080
storefronts.
Add it all together.

277
00:15:57,360 --> 00:15:59,800
Government subsidy for fatigue
prevention.

278
00:16:00,080 --> 00:16:02,440
Certification of wearable
technology.

279
00:16:02,720 --> 00:16:05,320
Rapidly expanding Japanese
wearable market.

280
00:16:05,560 --> 00:16:08,960
Strategic partnerships with
Hakuhodo and Worldcoin.

281
00:16:09,320 --> 00:16:11,880
Early profitability despite cash
burn.

282
00:16:12,160 --> 00:16:16,000
Trading at a discount relative
to global peers like Teledoc or

283
00:16:16,000 --> 00:16:18,520
Fitbit.
Each factor alone could move the

284
00:16:18,520 --> 00:16:20,760
stock.
Together they formed the

285
00:16:20,760 --> 00:16:24,240
Catalyst Stack.
But do not mistake catalysts for

286
00:16:24,240 --> 00:16:26,880
certainty.
Cash burn remains a risk

287
00:16:27,240 --> 00:16:31,880
execution across 3 verticals,
salons, wearables and crypto

288
00:16:31,920 --> 00:16:35,920
identity is complex and
competition from brands like

289
00:16:35,920 --> 00:16:40,080
Aura and Garmin is real.
Yet the history of micro caps

290
00:16:40,080 --> 00:16:43,880
shows that when catalyst sack
and policy aligned sectors, RE

291
00:16:43,880 --> 00:16:48,080
rates happen quickly.
Investors whose size small and

292
00:16:48,080 --> 00:16:50,440
stay patient have asymmetric
odds.

293
00:16:51,280 --> 00:16:54,880
From overlook storefronts to
health tech policy darling, from

294
00:16:54,880 --> 00:16:59,320
massage sessions to crypto
identity nodes, from ¥8 billion

295
00:16:59,320 --> 00:17:03,280
in revenue to a market sitting
on the edge of explosive growth.

296
00:17:03,800 --> 00:17:08,160
That is the catalyst map.
And at $1.90 per share, the

297
00:17:08,160 --> 00:17:11,599
optionality is still wide open.
This is the point where

298
00:17:11,599 --> 00:17:15,040
speculation meets math.
We started the episode with a

299
00:17:15,040 --> 00:17:18,400
$2.00 stock.
We outline the catalysts and the

300
00:17:18,400 --> 00:17:21,319
partnerships.
Now we need to translate that

301
00:17:21,319 --> 00:17:25,119
into numbers.
The clean arc is this, $1.90

302
00:17:25,119 --> 00:17:31,360
today, $6 in 12 months if
execution continues, $40 or more

303
00:17:31,360 --> 00:17:34,080
in five years if the ecosystem
takes shape.

304
00:17:34,400 --> 00:17:38,320
That is the 21 times path.
Start with the near term.

305
00:17:38,840 --> 00:17:42,280
A RE rate to $6 within a year is
not outlandish.

306
00:17:42,640 --> 00:17:45,320
Revenue growth is running above
20%.

307
00:17:45,600 --> 00:17:49,080
Policy subsidies now reimburse
half the cost of fatigue

308
00:17:49,080 --> 00:17:52,760
prevention solutions.
The lab app has more than 10,000

309
00:17:52,760 --> 00:17:56,360
active users.
ORB devices are already in a 100

310
00:17:56,360 --> 00:17:58,680
salons.
If these adoption curves

311
00:17:58,680 --> 00:18:02,040
continue, the stocks market cap
can double or triple without

312
00:18:02,040 --> 00:18:04,800
heroic assumptions.
Thin float and small

313
00:18:04,800 --> 00:18:07,720
capitalization make RE rates
more violent.

314
00:18:08,160 --> 00:18:11,560
That is the 12 month logic.
Over the long arc, the

315
00:18:11,560 --> 00:18:15,280
compounder case comes into focus
by 20-30.

316
00:18:15,280 --> 00:18:18,400
If the mother bracelet gains
adoption among insurers and

317
00:18:18,400 --> 00:18:21,920
corporations, if Ramoni becomes
a standard fatigue prevention

318
00:18:21,920 --> 00:18:25,120
platform, and if Worldcoin
builds out its identity rails

319
00:18:25,120 --> 00:18:27,960
through Japanese storefronts,
then Metiram could command

320
00:18:27,960 --> 00:18:30,520
multiples closer to Teladoc or
Fitbit.

321
00:18:30,520 --> 00:18:36,040
At their peaks, that would
justify a $40 price 21 times the

322
00:18:36,040 --> 00:18:39,800
current level.
This is not about fantasy, it is

323
00:18:39,800 --> 00:18:43,360
about playing the optionality of
ecosystem convergence.

324
00:18:43,880 --> 00:18:46,920
But let us step into the bear
case because ignoring it is

325
00:18:46,920 --> 00:18:50,640
dangerous.
Cash burn in fiscal 2024 was

326
00:18:50,640 --> 00:18:55,720
still over ¥1.3 billion.
If that trend continues, Medyrum

327
00:18:55,720 --> 00:18:57,320
could be forced to raise
capital.

328
00:18:57,800 --> 00:19:01,880
Dilution is a real risk that
would cap upside and could drag

329
00:19:01,880 --> 00:19:03,760
the share price down in the
short term.

330
00:19:04,240 --> 00:19:08,720
Competition is not hypothetical.
Aura, Garmin and even Apple

331
00:19:08,720 --> 00:19:11,560
Watch dominate brand recognition
in wearables.

332
00:19:12,000 --> 00:19:16,000
MIDI Rams mother bracelet may be
recharge free, but scaling

333
00:19:16,000 --> 00:19:18,520
against global players is an
uphill climb.

334
00:19:18,960 --> 00:19:22,600
And then there is accuracy.
A recent review of smartwatches

335
00:19:22,600 --> 00:19:26,480
found that while step counts and
heart rate were reliable, sleep,

336
00:19:26,480 --> 00:19:29,760
stress and blood pressure
tracking were still uneven.

337
00:19:30,680 --> 00:19:34,240
That means regulators and
insurers may hesitate to adopt

338
00:19:34,240 --> 00:19:36,480
these devices until the tech
improves.

339
00:19:37,400 --> 00:19:41,480
Quantify that bear case.
If cash burn forces dilution and

340
00:19:41,480 --> 00:19:45,280
market share growth stalls,
upside could be capped at $3 by

341
00:19:45,280 --> 00:19:48,200
2027.
That is still above the current

342
00:19:48,200 --> 00:19:51,320
190, but far below the 21 times
dream.

343
00:19:51,720 --> 00:19:56,320
Currency risk is also in play.
A weak yen cuts into reported

344
00:19:56,320 --> 00:19:59,080
dollar results.
If you are not hedged, that

345
00:19:59,080 --> 00:20:04,200
could wipe out 20% of gains.
And execution across salons,

346
00:20:04,200 --> 00:20:07,640
wearables and crypto identity
all at once is complex

347
00:20:07,960 --> 00:20:10,160
management.
Bandwidth is a real constraint.

348
00:20:10,440 --> 00:20:12,680
This is the balance investors
need to hear.

349
00:20:13,080 --> 00:20:16,800
Worst case, a 50% drawdown is
possible if cash burn

350
00:20:16,800 --> 00:20:21,560
accelerates and catalysts stall.
Base case A2 to three times RE

351
00:20:21,560 --> 00:20:24,560
rate is possible within a year
as subsidies and partnerships

352
00:20:24,560 --> 00:20:28,000
play through.
Best case, 21 times upside

353
00:20:28,000 --> 00:20:31,640
unfolds over five years if
ecosystem convergence takes

354
00:20:31,640 --> 00:20:34,480
hold.
That is the asymmetric range.

355
00:20:34,800 --> 00:20:38,120
Small risk of loss, massive
potential reward.

356
00:20:38,440 --> 00:20:41,520
But the risks are real and they
must be respected.

357
00:20:42,280 --> 00:20:45,520
History says that investors who
admit risks gain trust.

358
00:20:45,800 --> 00:20:47,960
The long arc is never a straight
line.

359
00:20:48,360 --> 00:20:51,320
It is jagged, messy and full of
setbacks.

360
00:20:51,640 --> 00:20:55,240
But those who size their beds
small, respect the bear case,

361
00:20:55,440 --> 00:20:58,400
and hold conviction through
volatility are the ones who

362
00:20:58,400 --> 00:21:02,080
capture the outlier returns.
This is not blind hype.

363
00:21:02,440 --> 00:21:06,640
It is risk balanced optionality.
Which is why we repeat the

364
00:21:06,640 --> 00:21:10,560
allocation rule. 1% of portfolio
capital in the long term

365
00:21:10,560 --> 00:21:13,160
conviction. 1% in the swing
sleeve.

366
00:21:13,480 --> 00:21:17,080
If dilution or competition drags
the stock, your exposure is

367
00:21:17,080 --> 00:21:19,720
capped.
If the catalyst stack and the RE

368
00:21:19,720 --> 00:21:22,000
rate happens, your exposure is
meaningful.

369
00:21:22,240 --> 00:21:27,520
The asymmetry is preserved.
The numbers say clearly $1.90

370
00:21:27,520 --> 00:21:33,480
today, $6 and 12 months if the
catalysts align, up to $40 in

371
00:21:33,480 --> 00:21:35,760
five years if the ecosystem
holds.

372
00:21:36,200 --> 00:21:39,880
But never forget the other path,
dilution, competition and

373
00:21:39,880 --> 00:21:42,560
execution risk.
That is why we call it

374
00:21:42,560 --> 00:21:45,960
asymmetric.
Not guaranteed upside, but a low

375
00:21:45,960 --> 00:21:48,360
cost option on something much
larger.

376
00:21:48,560 --> 00:21:50,920
This is where strategy meets
execution.

377
00:21:51,400 --> 00:21:54,840
You can have the best asymmetric
thesis in the world, but if you

378
00:21:54,840 --> 00:21:58,240
do not know how to trade it, you
risk leaving money on the table.

379
00:21:58,880 --> 00:22:02,160
Medaram is a perfect candidate
for a structured trading system

380
00:22:02,160 --> 00:22:05,640
because it's average daily range
is about 14%.

381
00:22:06,200 --> 00:22:09,720
That means the stock often moves
double digits in a single

382
00:22:09,720 --> 00:22:12,840
session.
Volatility is not a problem, it

383
00:22:12,840 --> 00:22:15,760
is the edge.
If you can harvest that edge

384
00:22:15,760 --> 00:22:18,760
with discipline, you turn chaos
into compounding.

385
00:22:19,200 --> 00:22:22,920
Here is the core logic.
We keep 1% of capital as a long

386
00:22:22,920 --> 00:22:25,600
term core.
That position never moves.

387
00:22:25,800 --> 00:22:30,560
It is the anchor, the conviction
bet, the 21 times optionality.

388
00:22:31,000 --> 00:22:34,480
On top of that we run a second
1% as a swing sleeve.

389
00:22:34,800 --> 00:22:36,640
That is where the trading
happens.

390
00:22:36,920 --> 00:22:41,280
The goal is to harvest the 14%
daily moves again and again.

391
00:22:41,520 --> 00:22:44,760
By compounding those swings
while holding the core, we

392
00:22:44,760 --> 00:22:47,360
maximize upside without
overexposure.

393
00:22:47,680 --> 00:22:52,640
The swing system is simple.
Step one by only on an ADR down

394
00:22:52,640 --> 00:22:55,000
day.
That means we wait for the stock

395
00:22:55,000 --> 00:22:57,240
to be down close to its daily
range.

396
00:22:57,600 --> 00:23:01,880
We do not chase green candles.
We want red screens, panic

397
00:23:01,880 --> 00:23:04,560
cells.
That is where asymmetry hides.

398
00:23:04,960 --> 00:23:07,360
Step 2.
We hold until the position is

399
00:23:07,360 --> 00:23:09,040
green.
No rush.

400
00:23:09,400 --> 00:23:12,360
We wait until profit is visible.
Step 3.

401
00:23:12,360 --> 00:23:15,760
When the stock pushes into an
ADR update, we sell.

402
00:23:16,160 --> 00:23:20,240
We place a good till cancelled
order near the ask, maybe one

403
00:23:20,240 --> 00:23:23,400
tick below.
That way execution is likely and

404
00:23:23,400 --> 00:23:26,400
we lock in gains around the top
of the daily swing.

405
00:23:26,920 --> 00:23:30,680
It sounds simple because it is
simple, and simple is what

406
00:23:30,680 --> 00:23:33,120
works.
News flow is the filter.

407
00:23:33,560 --> 00:23:36,560
Every time there is a big move,
we check the headlines.

408
00:23:36,760 --> 00:23:39,520
If the news is neutral or
irrelevant, we trade.

409
00:23:39,760 --> 00:23:42,360
If the news is negative, we wait
three days.

410
00:23:42,560 --> 00:23:44,960
That gives the market time to
reset.

411
00:23:45,240 --> 00:23:49,360
After the reset, we look for a
new ADR down day before buying

412
00:23:49,360 --> 00:23:51,600
again.
If the news is so bad that the

413
00:23:51,600 --> 00:23:54,600
thesis looks broken, we exit
immediately.

414
00:23:54,880 --> 00:23:58,920
No ego, no hesitation.
Protect capital first.

415
00:23:59,240 --> 00:24:01,520
Optionality only works if you
survive.

416
00:24:02,320 --> 00:24:07,080
This is the part I like because
it is not just trading noise, it

417
00:24:07,080 --> 00:24:11,080
is structured discipline.
In my experience, the investors

418
00:24:11,080 --> 00:24:14,600
who survived decades are the
ones who know how to systematize

419
00:24:14,600 --> 00:24:17,720
chaos.
The ADR swing system is not

420
00:24:17,720 --> 00:24:20,600
about guessing direction.
It is about harvesting

421
00:24:20,600 --> 00:24:27,080
volatility by fear.
Sell, relief, repeat over years.

422
00:24:27,160 --> 00:24:30,480
Those small harvests compound in
ways most investors

423
00:24:30,480 --> 00:24:34,440
underestimate.
There is also the AI overlay.

424
00:24:35,040 --> 00:24:38,040
Before we trade around news, we
run a sentiment model to

425
00:24:38,040 --> 00:24:40,160
estimate the expected percentage
move.

426
00:24:40,560 --> 00:24:44,320
If the model says the news will
drive 10% up, we know to stretch

427
00:24:44,320 --> 00:24:46,920
exits.
If the model says the reaction

428
00:24:46,920 --> 00:24:48,840
should be negative, we step
aside.

429
00:24:49,280 --> 00:24:52,160
This is how we combine human
discipline with machine

430
00:24:52,160 --> 00:24:54,680
analysis.
It is not about replacing

431
00:24:54,680 --> 00:24:56,960
judgment, it is about sharpening
it.

432
00:24:57,360 --> 00:25:01,920
Let us walk through an example.
Imagine MRM drops 12% in one

433
00:25:01,920 --> 00:25:06,000
session, no major negative news,
just panic selling.

434
00:25:06,280 --> 00:25:09,520
That is our entry.
We size in with 1% swing

435
00:25:09,520 --> 00:25:12,160
capital.
A few days later the stock is up

436
00:25:12,160 --> 00:25:14,000
15%.
On light news.

437
00:25:14,280 --> 00:25:17,520
We place a good till cancelled
order just under the ask.

438
00:25:17,760 --> 00:25:21,560
The order executes, we lock in a
15% gain.

439
00:25:21,880 --> 00:25:25,440
Repeat the cycle 10 times in a
year and we have compounded that

440
00:25:25,440 --> 00:25:28,800
1% swing sleeve multiple couple
times over while the core

441
00:25:28,800 --> 00:25:31,160
position compounds quietly in
the background.

442
00:25:31,400 --> 00:25:34,880
This is where history shows the
difference between traders who

443
00:25:34,880 --> 00:25:39,600
survive and those who do not.
Most investors treat volatility

444
00:25:39,600 --> 00:25:43,160
as danger, the disciplined ones
treated as raw material.

445
00:25:43,520 --> 00:25:46,800
They do not need to predict,
they just need to repeat.

446
00:25:47,160 --> 00:25:51,640
Metarim, with its 14% daily
range, gives you the material.

447
00:25:52,080 --> 00:25:57,080
The system gives you the repeat.
Keep it simple. 1% core

448
00:25:57,080 --> 00:26:02,080
untouched, 1% swing harvested
through ADR discipline by red

449
00:26:02,280 --> 00:26:06,280
sell green filter news.
Use AI sentiment.

450
00:26:06,560 --> 00:26:10,040
Exit fast if the story breaks.
Do not overthink it.

451
00:26:10,240 --> 00:26:14,160
Complexity kills execution.
Simplicity builds compounding.

452
00:26:14,440 --> 00:26:19,080
That is how we turn a $2.00
stock with 21 times upside into

453
00:26:19,080 --> 00:26:23,560
a position that pays you twice.
Once through the long arc, once

454
00:26:23,560 --> 00:26:27,200
through the short swings.
Step back from the daily moves.

455
00:26:27,760 --> 00:26:31,400
Step back from the salon
storefronts, the bracelets and

456
00:26:31,400 --> 00:26:34,240
the subsidies.
Look at the bigger canvas.

457
00:26:34,640 --> 00:26:37,480
Japan is facing a demographic
time bomb.

458
00:26:38,000 --> 00:26:42,000
Nearly 30% of the population is
over the age of 65.

459
00:26:42,560 --> 00:26:46,120
Life expectancy is high.
Birth rates are low.

460
00:26:46,600 --> 00:26:49,560
That creates A shrinking
workforce and exploding

461
00:26:49,560 --> 00:26:53,000
healthcare costs.
It is the perfect storm.

462
00:26:53,320 --> 00:26:57,080
And in that storm, preventive
health is no longer optional.

463
00:26:57,440 --> 00:27:00,040
It is policy.
It is survival.

464
00:27:00,360 --> 00:27:03,720
This is why the government is
subsidizing fatigue prevention.

465
00:27:04,200 --> 00:27:07,080
This is why ministries are
certifying devices like the

466
00:27:07,080 --> 00:27:09,600
mother bracelet and platforms
like Ramoni.

467
00:27:09,880 --> 00:27:11,840
The state does not do this for
fun.

468
00:27:12,080 --> 00:27:14,920
It does it because the
alternative is worse.

469
00:27:15,320 --> 00:27:18,600
Without intervention, the cost
of healthcare crushes the

470
00:27:18,600 --> 00:27:21,800
budget.
Preventive health is cheaper and

471
00:27:21,800 --> 00:27:25,600
if a micro cap like Madeira can
deliver solutions at scale, the

472
00:27:25,600 --> 00:27:27,840
government has every reason to
back it.

473
00:27:28,040 --> 00:27:32,080
That is structural tailwind.
And it is not just Japan.

474
00:27:32,440 --> 00:27:34,880
The world is moving in the same
direction.

475
00:27:35,200 --> 00:27:38,000
Employers, insurers and
governments everywhere are

476
00:27:38,000 --> 00:27:41,000
hunting for solutions that keep
people healthier, longer and

477
00:27:41,000 --> 00:27:43,560
cheaper.
Health tech platforms that track

478
00:27:43,560 --> 00:27:47,520
biometrics, predict fatigue and
prevent accidents are not niche.

479
00:27:47,880 --> 00:27:50,680
They are inevitable.
When you see inevitability

480
00:27:50,680 --> 00:27:54,400
colliding with micro cap
pricing, that is where asymmetry

481
00:27:54,400 --> 00:27:56,600
hides.
Let me connect this to history.

482
00:27:57,040 --> 00:28:00,200
Every time demographic shift,
industries re rate.

483
00:28:00,640 --> 00:28:03,800
Think about the aging of the
baby boom in the United States.

484
00:28:04,280 --> 00:28:07,280
It created massive healthcare
companies, senior living

485
00:28:07,280 --> 00:28:11,760
industries and biotech demand.
Investors who recognize the

486
00:28:11,760 --> 00:28:14,960
demographic signal early
multiplied their capital.

487
00:28:15,400 --> 00:28:18,680
Japan is a decade ahead on the
demographic curve.

488
00:28:19,800 --> 00:28:23,000
That means medium is operating
in the future.

489
00:28:23,000 --> 00:28:26,680
That other countries will
eventually face the long arc is

490
00:28:26,680 --> 00:28:29,000
clear.
Preventive health is not

491
00:28:29,000 --> 00:28:30,960
optional.
It is destiny.

492
00:28:31,800 --> 00:28:33,680
Now bring in the contrarian
angle.

493
00:28:34,080 --> 00:28:37,520
Most investors still file MRM
under spa operator.

494
00:28:37,920 --> 00:28:42,120
They see massages, not data.
They see small revenue, not

495
00:28:42,120 --> 00:28:45,040
policy alignment.
They see storefronts, not

496
00:28:45,040 --> 00:28:48,480
distribution notes.
That is the misunderstanding.

497
00:28:48,840 --> 00:28:52,560
And that misunderstanding
creates the opportunity the

498
00:28:52,560 --> 00:28:56,280
market will not price in the
future until the catalyst become

499
00:28:56,280 --> 00:29:00,080
too loud to ignore.
Which brings us to Sam Altman.

500
00:29:00,760 --> 00:29:04,080
The ORB devices rolling out in
Medeiram salons are not just a

501
00:29:04,080 --> 00:29:08,560
sideshow, they are a signal.
Altman does not build one off

502
00:29:08,560 --> 00:29:14,080
projects, he builds ecosystems.
Open AI was not just a model, it

503
00:29:14,080 --> 00:29:17,400
became an API, an App Store, a
global platform.

504
00:29:17,800 --> 00:29:21,920
Worldcoin is not just a token,
it is an identity layer, a

505
00:29:21,920 --> 00:29:26,000
financial stack, and a network.
When you see ORB devices in

506
00:29:26,000 --> 00:29:29,280
Japanese Wellness salons, you're
not seeing a random experiment,

507
00:29:29,760 --> 00:29:32,840
you're seeing ecosystem logic.
Connect the dots.

508
00:29:33,640 --> 00:29:36,800
Customers walk into a salon.
They scan the orb.

509
00:29:37,040 --> 00:29:40,880
They get a World ID.
They receive World Coin tokens.

510
00:29:41,120 --> 00:29:44,840
They redeem those tokens for
real World Health services at

511
00:29:44,840 --> 00:29:47,280
the same time they wear the
mother bracelet.

512
00:29:47,560 --> 00:29:50,880
They stream fatigue and
biometric data into Ramoni.

513
00:29:51,120 --> 00:29:54,760
They track long term Wellness
with the LAVA, identity

514
00:29:54,760 --> 00:29:57,520
incentives and health data all
tied together.

515
00:29:57,800 --> 00:30:01,760
That is not a SPA model.
That is an ecosystem test bed.

516
00:30:02,440 --> 00:30:05,880
Look five years out.
If open AI expands into

517
00:30:05,880 --> 00:30:08,840
personalized health, imagine
fatigue coaching, sleep

518
00:30:08,840 --> 00:30:12,680
optimization, or biometric
nudges driven by large language

519
00:30:12,680 --> 00:30:15,080
models.
What better pilot environment

520
00:30:15,080 --> 00:30:18,440
than a company with 300
locations, continuous health

521
00:30:18,440 --> 00:30:21,840
data and identity onboarding
already in place?

522
00:30:22,240 --> 00:30:25,360
Medea RAM could become part of a
much larger ecosystem play.

523
00:30:26,080 --> 00:30:28,960
And if that happens, the market
will rerate not from 6:00 to

524
00:30:28,960 --> 00:30:32,720
8:00, but from 6 to 40.
That is the 21 times return

525
00:30:32,720 --> 00:30:35,400
path.
This is why I call it an

526
00:30:35,520 --> 00:30:38,680
ecosystem signal.
The market still sees a SPA

527
00:30:38,680 --> 00:30:42,360
stock, but under the surface it
could be Sam Altman's stealth

528
00:30:42,360 --> 00:30:46,280
entry into health tech identity.
If that re rates, you are not

529
00:30:46,280 --> 00:30:50,560
just trading volatility, you are
riding the wave of an ecosystem

530
00:30:50,560 --> 00:30:53,680
shift.
That is why this story matters.

531
00:30:53,960 --> 00:30:58,120
Let us tie this together.
We started outside Shinjuku

532
00:30:58,120 --> 00:31:00,920
station, watching the crowds of
tired commuters.

533
00:31:01,400 --> 00:31:04,440
We looked at storefronts that
seemed ordinary, but underneath

534
00:31:04,440 --> 00:31:07,760
them is a NASDAQ listed company
trading for less than the price

535
00:31:07,760 --> 00:31:10,960
of a coffee.
Mediram Healthcare Technologies

536
00:31:10,960 --> 00:31:14,920
ticker MRM, a company with 300
Wellness salons.

537
00:31:15,200 --> 00:31:18,400
A company embedding wearables,
fatigue prevention platforms,

538
00:31:18,400 --> 00:31:23,760
and crypto identity devices.
A company priced at $1.90 with a

539
00:31:23,760 --> 00:31:28,200
near term re rate target of $6
and a five year path to $40 or

540
00:31:28,200 --> 00:31:31,400
more a potential 21 times
return.

541
00:31:31,640 --> 00:31:35,040
The logic is clean.
Demographics create the demand,

542
00:31:35,240 --> 00:31:40,040
technology creates the Moat.
Policy creates the subsidies and

543
00:31:40,160 --> 00:31:43,360
ecosystem signals from Sam
Altman create the global

544
00:31:43,360 --> 00:31:45,720
optionality.
That is the stack.

545
00:31:46,080 --> 00:31:50,760
That is why we frame this as
asymmetric. 1% of capital held

546
00:31:50,760 --> 00:31:55,600
as a long term conviction.
Another 1% traded around the 14%

547
00:31:55,600 --> 00:31:59,320
daily range by Red Sell Green
filter.

548
00:31:59,320 --> 00:32:02,680
The news let AI sentiment
sharpen the exits.

549
00:32:02,960 --> 00:32:06,280
It is not about predicting, it
is about repeating.

550
00:32:06,760 --> 00:32:08,800
And that is the beauty of the
long arc.

551
00:32:09,360 --> 00:32:12,960
Most investors will continue to
see this as a spa stock until

552
00:32:12,960 --> 00:32:15,960
the story catches up.
They will wake up when the RE

553
00:32:15,960 --> 00:32:19,400
rate has already happened.
That is how these cycles always

554
00:32:19,400 --> 00:32:21,960
play out.
For those who size in early and

555
00:32:21,960 --> 00:32:25,160
hold discipline, the risk reward
equation is tilted.

556
00:32:25,760 --> 00:32:30,680
Risk a little, capture a lot.
That is the power of asymmetry.

557
00:32:31,480 --> 00:32:34,120
This is not the only place we
have seen it.

558
00:32:34,640 --> 00:32:37,920
In our last episodes, we looked
at real time rentals, ticker

559
00:32:37,920 --> 00:32:42,320
RLTRA Micro cap with green AI
distribution reach.

560
00:32:42,840 --> 00:32:46,720
That was a 30 times path.
We also covered Grillit, ticker

561
00:32:46,720 --> 00:32:50,880
GRLTA Company leveraging real
estate tokenization.

562
00:32:51,400 --> 00:32:56,080
That was a 66 times path.
These are not isolated picks,

563
00:32:56,480 --> 00:32:58,000
they are part of the same
playbook.

564
00:32:58,400 --> 00:33:03,440
Small positions, big asymmetry
compounded over years.

565
00:33:03,760 --> 00:33:05,880
The.
Pattern is clear, look where

566
00:33:05,880 --> 00:33:10,600
others are not looking.
Size small, capture volatility,

567
00:33:10,880 --> 00:33:18,200
hold core optionality.
RLTRGRLT and now MRM Different

568
00:33:18,200 --> 00:33:23,560
sectors, different geographies
and now MRM Different sectors,

569
00:33:23,800 --> 00:33:26,400
different geographies, same
structure.

570
00:33:26,800 --> 00:33:29,920
The Make Money framework does
not promise certainty, it

571
00:33:29,920 --> 00:33:33,640
promises optionality.
If you play the math, you only

572
00:33:33,640 --> 00:33:36,960
need one or two of these to hit
in order to change the outcome

573
00:33:36,960 --> 00:33:40,080
of your portfolio.
That is what I want to leave

574
00:33:40,080 --> 00:33:42,920
listeners with.
You do not need to chase every

575
00:33:42,920 --> 00:33:45,640
story.
You do not need to risk your

576
00:33:45,640 --> 00:33:49,600
future on one bet.
You size small, you build

577
00:33:49,600 --> 00:33:52,040
conviction, you repeat the
process.

578
00:33:52,520 --> 00:33:55,120
Over time, the compounding does
the work.

579
00:33:55,800 --> 00:33:59,000
The long arc takes care of
itself if you keep discipline.

580
00:33:59,800 --> 00:34:02,960
If this episode gave you an
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581
00:34:03,200 --> 00:34:06,040
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582
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587
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00:35:19,040 --> 00:35:22,720
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603
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607
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