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Wow just shoot up to $7.70+ whats going on?
https://finance.yahoo.com/news/foresight-eye-net-initiates-pilot-133000628.html
The remainder of my shares in FRSX are now LT status.
FRSX
$ FRSX. Where Foresight is partnered with FLIR. Teledyne is merging or buying out FLIR so FRSX should benefit all the way around.
?
https://ih.advfn.com/stock-market/NASDAQ/flir-systems-FLIR/stock-news/84036448/filing-of-certain-prospectuses-and-communications
Some end of day strength! maybe FLIR told their suitor you got to take FRSX also or we won't go LOL
The ol' Don Drysdale/Sandy Koufax routine (for us senior citizens out there).
While FRSX is still supposedly still testing, others are doing
Draganfly Inc
Mon, January 4, 2021, 9:15 AM EST
Alabama State University Sets the Stage for Safe Return to Athletics
Montgomery AB, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading manufacturer and systems developer is pleased to announce that Alabama State University (ASU) opened its 2021 basketball season with Draganfly safety protocols in place.
The Draganfly Vital Intelligence system which can enable existing camera systems or cameras on kiosks, drones, and smart phones to measure vital signs as well as its Varigard 24hr pathogen sequestration and kill sanitizing spray applied via patented drone technology has successfully helped enable the 2021 College Basketball season to open amid the COVID-19 Pandemic.
The ASU Hornet’s game against Grambling State University on January 2 marked the official return-to-play for the Southwestern Athletic Conference (SWAC). ASU President, Dr. Quinton T. Ross, Jr., said before the players took to the court, Draganfly drones were used to spray the University’s basketball arena with the Varigard sanitizer.
“There is no price that can be put on the health and safety of our students, faculty, staff, alumni and community,” said Alabama State University President, Dr. Quinton T. Ross, Jr. “ASU was one of the first Universities in the country to recognize the benefit of partnering with Draganfly, and we have been able to take full advantage of the cutting-edge technology and services that the company offers to keep our campus as safe as possible during this pandemic. Technology such as Draganfly’s Vital Intelligence and Varigard Sanitizer is a worthy investment and is a vital part of our overall campus safety protocols.”
Ross said the University will continue to partner with Draganfly throughout the season and beyond.
Draganfly is part of the National Safely Opening Schools (SOS) initiative, an end-to-end protocol composed of leading companies that provide health screening, testing, medical personnel, equipment, sanitization and data analysis to help ensure the safe operation of facilities.
“This is the type of technology and leadership that will get our schools and their programs operational again,” said Derek Anderson, NBA, NCAA champion and Draganfly board advisor. “The SOS initiative with Draganfly is key to ensuring we have sustainable health security for all facilities for years to come.”
Down .17 in pre-market.
VLDR, their competition, is up .28
Nice for them. Will it help or hurt our relationship with FLIR?
I wonder is we have already had our day in the sun?
Other companies in the same space are the ones getting all the attention---LAZR VLDR
Tomorrow may see last minute tax loss selling for those that bought higher than current price.
Hopefully we hold $4
$ FRSX. This will show all the News that came out Monday about the Filing that is showing on the board today as you know and it didn't take them no time to raise the $26 Million with over 30 Million shares trading. $FRSX
December 28, 2020
9:30 am ET
*Foresight Autonomous shares were trading lower after the company priced its roughly 6.27 million ADS offering at $4.15 per ADS.
Benzinga
9:30 am ET
*Foresight Autonomous shares are trading lower after the company priced its roughly 6.27 million ADS offering at $4.15 per ADS.
Benzinga
9:15 am ET
*Foresight Autonomous Shares Resume Trade, Down 9%
Benzinga
8:37 am ET
*Foresight Autonomous Shares To Resume Trade At 9:15 a.m. EST
Benzinga
8:31 am ET
*Foresight Autonomous Prices ~6.27M ADS Offering At $4.15/ADS
Benzinga
7:39 am ET
*Foresight Autonomous Shares Were Halted With Code News Pending Earlier; Co. F-3 Filing Shows Registration For $4.34M ADS Offering
Benzinga
5:30 am ET
Foresight Autonomous Holdings Prices $26 Million Registered Direct Offering
BusinessWire
5:00 am ET
70 Biggest Movers From Thursday
Benzinga
$ FRSX. The filing News that came out yesterday evening after 5:PM was traded Monday Morning in pre-market and it hardly affected the trading because the volume was so high and they just set it up to close today the 30th because they didn't know how long it would take. Here is Mondays News about it
Foresight Autonomous Holdings Prices $26 Million Registered Direct Offering
5:30 am ET December 28, 2020 (BusinessWire) Print
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), today announced it has entered into definitive agreements with investors for the purchase and sale of 6,265,063 of the Company's American Depositary Shares ("ADSs") at a price of $4.15 per ADS pursuant to a registered direct offering. The gross proceeds of the offering will be approximately $26 million, before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes. The closing of the registered direct offering is expected to take place on or about December 30, 2020, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as the lead placement agent for the offering. Aegis Capital Corp. is acting as a co-placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-229715) previously filed with the U.S. Securities and Exchange Commission (the "SEC"). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 36th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed $ FRSX
* * $FRSX Video Chart 12-29-2020 * *
Link to Video - click here to watch the technical chart video
* * $FRSX Video Chart 12-28-2020 * *
Link to Video - click here to watch the technical chart video
Even and offering doesn't slow this beast down.
Amazing !!
FRSX
Foresight Autonomous prices $26M direct offering
Dec. 28, 2020 8:41 AM ETForesight Autonomous Holdings Ltd. (FRSX)By: Pranav Ghumatkar, SA News Editor
Foresight Autonomous Holdings (NASDAQ:FRSX) has entered into definitive agreements with investors for the purchase and sale of ~6.27M ADSs at a price of $4.15/ADS in a registered direct offering.
The gross proceeds of ~$26M will be used for working capital and for other general corporate purposes.
The closing date on or about Dec. 30, 2020.
FRSX...$5.02...Bearish Harami Cross formed on the close with an Open Gap in the $3.40 to $4.00 range...
Looking for a dip for another entry..imo...we shall see...
Chart...https://schrts.co/GJGYrbKC
From Seeking Alpha:
Foresight Skyrocketed But It Is Best To Avoid It For Now
Dec. 26, 2020 10:50 PM ET | About: Foresight Autonomous Holdings Ltd. (FRSX),
Guney Kaya
Long/Short Equity, Value, Special Situations
Summary
Foresight is a microcap technology company developing autonomous vehicle solutions.
Its subsidiary Foresight Automotive is specialized in automobiles, while Railvision develops new solutions for railway safety, security, and maintenance.
Autonomous driving market is booming and Foresight has been going under the radar until this month.
Company's stock skyrocketed with the autonomous driving hype, and currently it is a risky investment despite the long-term potential.
Article Thesis
The autonomous driving market is booming, with more companies developing their autonomous driving platforms. Foresight has high potential in the long run with the ever-increasing demand for the sector and its ability to provide unique solutions to autonomous driving solutions. However, it skyrocketed recently with spiked interest in the field, and it is best to avoid it until there is a correction.
Foresight At A Glance
Foresight Autonomous Holdings Ltd. (FRSX) is the parent company of Foresight Automotive and Rail Vision. The holding wholly owns Foresight Automotive and its subsidiary Eye-Net Mobile. Though, it only holds a minority share of 19.34% in Rail Vision after Knorr-Bremse (OTC: KNRRY) topped up its initial investment in October.
The company was founded in 2015, and it is working to develop revolutionary solutions for autonomous vehicles ever since. Although automotive solutions are the company's main focus, they could not get a solid sales deal yet. On the other hand, Rail Vision's business is going more smoothly, and it is giving investors confidence about the company's R&D capabilities.
The automotive solutions branch mainly focuses on vision-based accident prevention systems. Their current product is called Quadsight, and it is aiming to create a new vision for autonomous vehicles. Quadsight ensures a safe autonomous drive even during the most extreme circumstances and weather conditions. The technology is based on a complex vision system that creates a 3D view of the environment through fusing stereo visible-light cameras with thermal long-wave infrared sensors. Besides, they are working on a visionary project under Eye-Net Mobile to prevent accidents through a mobile application based system.
Recent Spike
December has been an excellent month for Foresight investors so far, as positive catalysts came one after the other. First, the company announced awarded a grant of €20 million by taking part in European Commission's All-Weather Autonomous Real logistics operations and Demonstration (AWARD) program. Then, Apple (NASDAQ:AAPL) announced its plans to develop the iCar, its autonomous vehicle program. Foresight's stocks skyrocketed with the news totaling up December gains close to 400%.
Promising Plans But Nothing Solid Yet
Quadsight's technology is the firm's main business, and they have been working on this project since the company has been founded. They have partnered with Flir Systems (NASDAQ:FLIR) to develop the product. It is a promising partnership as Flir is an experienced player in the thermal imaging and night vision field. The prototype of the device is ready. They have announced a few more partnerships, one with the Israeli defense company Elbit and another one with an undisclosed Chinese electric vehicle company and the European Council's AWARD program. Although we don't have any information about the final product's effectiveness yet, it seems promising as they already have a couple of possible partnerships on the table.
Moreover, it is a positive sign that the company proved its R&D capabilities through its Rail Vision branch's success. Rail Vision's valuation grew more than ten times, from $4.4 million to $50 million since the first investment of Knorr-Bremse. Also, Elbit Systems (NASDAQ:ESLT) are known to be a high technology defense company, and it is a good sign that they are interested in the Quadsight product and already bought some prototypes.
Still, Foresight does not have a major solidified sales deal other than small projects and prototype sales. Therefore the company is burning cash without any sales. It is normal for a microcap autonomous vehicles start-up to burn cash, but it has been five years since their foundation, and one could expect to have more solid deals by this time.
On the other hand, more technology companies are shifting their interest in autonomous driving solutions, and bigger fish in the sea may want to acquire Foresight to grow faster by accessing their know-how in the field. Thus, we can see an acquisition just like the Rail Visions' acquisition by German Knorr-Bremse. However, the Automotive branch is likely to be valued way above the Rail Vision as the addressable market is way bigger, and competition is fierce in autonomous vehicles.
Eye-Net Mobile
Eye-Net Mobile's technology brings a revolutionary perspective to road safety. The platform provides accident prevention futures of smart cars by alerting vehicles and pedestrians on the road. In case of an accident, it automatically calls emergency services to your area. It also provides data about the roads' safety by analyzing big data and predicting through an AI.
It is a groundbreaking technology that is taking its baby steps right now. Pilot-tests are going on in Japan in partnership with a multi-billion dollar corporation. Additionally, it already received patent approval as an accident prevention solution from U.S Patent and Trademark Office.
This idea has various other possible applications, and it can change the way we are looking at traffic and car accidents if it can achieve success.
Risks
Foresight had a stellar rally with the positive news and microcap rally in December, but momentum can change swiftly if the positive announcements stream fades. The stock is likely to have a correction as it spiked with Apple's interest in the field, which has no direct implications on Foresight as they have not announced any partnerships or talks. It was a speculative rise with the vast attention the sector got, and it is risky to take a position on both sides due to high volatility.
Takeaway
To sum up, Foresight is a promising start-up in the growing autonomous vehicles market. The company has a bright future, but it has not proven itself yet. The market appreciated its positive outlook in line with the sector, and the stock had a robust rally this month.
Although the rally can continue further, I believe it is risky to take positions in this price range without further developments and partnerships announced. I think it is best to wait until clouds are clear and the company starts making some sales of the Quadsight product.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
You have a site?
FRSX: All eyes are on $FRSX. This could hit north of $15B in market cap before a company take over by one of the big guns who has a high stake in more accurate autonomous object or human recognition.
Got me into NNDM and MP, but he nails some picks for sure! Cheers
Deadnsyde def has some solid advice! I recommend him to everyone.
Deadnsyde! Just watched his video
This thing is gonna keep running. Most likely 10 next week. I added more today!
* * $FRSX Video Chart 12-24-2020 * *
Link to Video - click here to watch the technical chart video
* * $FRSX Video Chart 12-23-2020 * *
Link to Video - click here to watch the technical chart video
As they ask in the movie My Cousin Vinny:
Is that fact or opinion??
Next week $10+. Hold them shares tight!$$
Stock has traded double the outstanding shares and almost 4 times the float, so far today
I've left so much money on the table over the years.
Just the way I trade mostly, scale in scale out.
But, long as I'm making it on a consistent basis, I'm good with it.
Every trader looks over their shoulder.
Either cause they sold too early or too late LOL.
And, no occasion, we nail it just right.
You got in at a nice price point so make what you'll make and move on to the next one/s.
I've sold off bits of several stocks today. All profitable trades. In the end, that's all that matters.
FRSX
Just trying to make me feel good now that it is over $6.
Still got some.
This is scary.
Well done.
Never go wrong booking profits.
FRSX
sold a bit at $5.60 Picked that spot earlier and put the order in.
FRSX back over $5 again
$5.19 atm
FRSX
Seems to have settled here. But if only based on possibility of Apple, will fade in a day or two
with no news.
Your thoughts Gregg?
Just IMHO
From Seeking Alpha:
Meanwhile, a couple of EV stocks bucking the weak tape today in the sector are Lordstown Motors (RIDE +9.8%) and new-to-the-scene Canoo (GOEV +1.3%). There is also Foresight Autonomous Holdings (FRSX +44.6%), which is rocketing higher following the Apple iCar development.
$4.50 :D nice
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