Kraken Robotics Inc (KRKNF)

[joelawyer]

But that’s not dilution.

[Ruffieruff]

Have you not been watching the stock get absolutely annihilated. Everyday there are huge amounts of stock available on the ask. The stock has been pounded down on good news after good news. Today all day there was 200k on the ask.

[joelawyer]

Where are you seeing that?

[Ruffieruff]

This is turning into a total disaster. Looks like major dilution occurring. Wow.

[Ruffieruff]

The dumpfest continues. When will it end? I keep buying, but catching this falling knife hurts.

[Ruffieruff]

Man they have the foot on the neck around here.

[Ferdenando the Bull]

Have yet to see it on news feeds....it is a big deal and Kraken continues to be stellar company.

[lolabean]

it was already expected and baked in...........market likes unexpected good news and the you see a spike up

[Ruffieruff]

Thought we would have had a better reaction to the news.

[Ruffieruff]

11Am.

[Ringrock]

Thanks! Excellent news!... trading oughta resume soon,... news didn’t hit my fidelity wire yet...

[joelawyer]

Canada’s Ocean Supercluster Commits Funding to Kraken’s $20M OceanVision™ Project

https://www.globenewswire.com/news-release/2019/06/28/1876101/0/en/Canada-s-Ocean-Supercluster-Commits-Funding-to-Kraken-s-20M-OceanVision-Project.html

[Ringrock]

Trading halt!

[Ruffieruff]

Ok thanks.

[joelawyer]

Not sure there’s any connection. Sophic just put out the PR.

[Ruffieruff]

That’s worth the trading halt? Interesting.

[joelawyer]

https://www.canada.ca/en/innovation-science-economic-development/news/2019/06/minister-bains-to-mark-an-ocean-supercluster-milestone.html

[Ruffieruff]

Stock halted for company news. Let’s hope it’s good news.

[Sunblazers]

http://sophiccapital.com/krakens-potential-hidden-treasure/

[joelawyer]

Sorry, I don’t have a clue. Anything I would say would be a complete BS out of thin air. All I know is, I am adding on every dip.

[7longyears]

Good Morning JoeLawyer, What in your opinion could be a possible buyout number or amount? I know it is all speculative. TIA

[Ringrock]

Thanks, I’ve been following it for a couple of years, along with poet... a lot of interesting developments in the sector...

[joelawyer]

Check out this news: https://www.businesswire.com/news/home/20190613005386/en/
This is huge!

[Ringrock]

It’s actually on my watch list, some smart guys over there... ;))

[joelawyer]

I was responding to Ruffieruff’s question on Spectra7 Microsystems. That symbol is SPVNF

[Ringrock]

KRKNF

[joelawyer]

Yep, I agree

[Ferdenando the Bull]

I agree, I also think it has the potential to be bought by a large defense contractor like Raytheon or Leonardo.

[joelawyer]

Could easily be a dollar by September

[Ferdenando the Bull]

Buy on the dips, I dont even follow the day to day on this at some point it will be a buy out in the double digits dollar wise IMO.

[joelawyer]

Tweet this morning by Sean at Sophic Capital:

So many upcoming catalysts for @KrakenRobotics (PNG-TSXV; KRKNF-OTC). Management has called out a pipeline of over $200M in additional revenue opportunities that should begin to convert in the coming months. Stay tuned!

[Ruffieruff]

Thanks

[joelawyer]

SPVNF on OTC

[Ruffieruff]

Nice find. Looks like it has some legs. Very hard for me to buy TSX stocks

[joelawyer]

Ruff: I think this is the bigger news: https://www.businesswire.com/news/home/20190613005386/en/

[Ruffieruff]

Nice News this AM.

[joelawyer]

Ocean Supercluster on verge of awarding contracts. Official says: "Within a month or so, we'll be making [project] announcements. Fingers crossed,"

https://t.co/iZz3PVRoza?amp=1

[joelawyer]

Kraken CFO bought 44,000 yesterday on the open market. Follow the smart money. I am.

[TrendTrade2016]

heading to .45 on the Canadian side!!

[7longyears]

Looks like you are right.

[TrendTrade2016]

sold this bottom buy on the poor 1st Q... company is very overvalued and will need another year to prove itself!!

look for a sell off over summer!!

[joelawyer]

“Entered 2019 with backlog of $10.5 million all of which expected to be recognized in 2019. Our guidance for the fiscal year remains unchanged, and we expect revenues of at least $15 million and to be net income positive.” AND “Our guidance excludes any benefit of larger program opportunities we are pursuing such as Ocean SuperCluster and various large foreign navy minehunting program upgrades.”
IMO - AMAZING!

[Ruffieruff]

Financials out this AM. Looks very promising.

[Ruffieruff]

These could be the warrant holders. There are tons daily on the ask. They only positive is I keep adding every chance I can.

[joelawyer]

What public news do you see that would lead you to believe that a delusion is going on?

[Ruffieruff]

Unfortunately seems like the is major dilution going on. Hopefully they will be done soon.

[7longyears]

We can only hope. Good Luck

[joelawyer]

Yes, I’m here. And, I will be for a long time. I consider this an investment not a trade. I’m expecting a very good report Thursday of Q1, but more importantly I’m expecting a great year.

[7longyears]

Hey JoeLawyer, glad to see you still here. This stock is getting pretty depressing. Hope some new contract news comes out soon.

[joelawyer]

Q1 financials out this week, probably Thursday.