Red Cat Holdings Inc (RCAT)

[nickmerck]

The owners have the least to lose. That's what "going public" means - you sell the company at a multiple. It's also called "taking skin out of the game" or "taking money off the table".

Going public makes sense to the investors when your capital requirements exceed your cashflow, due to rapid growth - they get rewarded for providing the risk capital. The owners have enough money to fund growth themselves, but they're not. I wonder why that is?

On top of that, you're not seeing any growth, are you? So, where is all that money going? It's going into bonuses & salaries. Seems that the owners and I are in agreement: the companies have run their course, and the best way for them to make money is to leverage the hot news of the day to look for more greater fools to pay themselves insane bonus packages by overpaying for product, overpaying salaries, overpaying for other daily operations and - last but not least - selling shares. It's how government contractors and corrupt government officials typically make money, just in this case it's the investor that's getting fleeced instead of taxpayers.

Anyway, all of this is probably going over your head. In the meantime, enjoy watching the ticker go down, down, down.

[Lfrye]

We agree! Yes! Not so excited about agreeing with “The Joker” but, I have “The Penguin” as a Senator so “What the heck”! As for the owners…I like to let “owners” be “owners” lol! They have the most to lose. You know, if you run down a hill, and stop in the middle, anything bigger than you has to keep going, lol! Always better to stay small. Have a great night!

[nickmerck]

As The Joker once said: "It's not about the money". By the way, in case you missed it, the owners are selling again - good signs for sure!

[Lfrye]

That was funny, Nick! You are getting good! Sorry my response is late. These dang NY giants! Can’t seem to shake them lol! Don’t worry about any cash transfers from me…too small of an amount to interest you :) ta ta

[HoldEm777]

A lot of recent activity so I say it will be a while.
https://fintel.io/so/us/rcat

[nickmerck]

I don't know what's more surprising - Prigozhin having an accident, or RCAT returning below $1.00. Any bets on when the delisting happens?

[HoldEm777]

Send it…. Lmao

[nickmerck]

oh dear, that ER though ... :)

9.8M in sales on goods that cost 10M, while using up an additional 27M to produce those sales. What a business ... LOL

[nickmerck]

To tell you the truth, I can't complain. My concern is just how this friendship will progress once all your cash has moved to my account :)

[Lfrye]

Ha ha! Here I am thinking we have such a delightful friendship! ??

[Lfrye]

Ha ha! Here I am thinking we have such a delightful friendship! ??

[nickmerck]

You have a very unhealthy obsession with shortsellers... It's clouding your judgement. Down 10% today, I guess you'll need to wait for the next pumpy press-release to celebrate again :)

[nickmerck]

I will surely take financial advice from the person that just lost 10%, and will be down 30% before the week is over.

[Lfrye]

Lol! More like insider shorting! I’m a long term investor, I don’t bother myself too much with the day to day penny pinchers. I simply reached out in remembrance of a certain conversation we had…hoped you remembered too! Alas, Nick! You’re just not any fun! It’s ok, I like you anyway :)

[reena969]

I'm not an insider, however I took a position yesterday. If your Shorting you might want to consider covering.

Happy Trading

[nickmerck]

If I was you, I'd think about who bought into the close yesterday and consider why clear-as-day insider-buying is happening on such a low-volume stock, and what will happen when (not if) the FTC starts looking into this.

Oh, and wake me up when they actually post good quarterly results. Until then, this stock is still down 75% from the reverse merger price, and will continue to go down notwithstanding shot-term pump-and-dump and insider trading games.

[Lfrye]

Hi Nick! I can’t help but think about you today! We should both pray for those Titan crew members. I told you. Smarter and wealthier people than us had an interest in the Titanic. You had the wrong shipwreck, my friend! Happy shorting!

[Lfrye]

Hi Nick! I can’t help but think about you today! We should both pray for those Titan crew members. I told you. Smarter and wealthier people than us had an interest in the Titanic. You had the wrong shipwreck, my friend! Happy shorting!

[nickmerck]

Isn't a PR that 200 drones were sold an admission that you have absolutely no sales? This company has a $100M+ valuation and boasts about selling 200 units? that's a $50'000 profit at best.

I wonder why there is good selling into any strength? Delisting in 2023 or 2024? Anyone taking bets?

[Nelson2]

But only up 11% on that news! WTF!

GLTU

[TheFinalCD]

SAN JUAN, Puerto Rico , May 10, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a military technology company integrating robotic hardware and software to protect and support the warfighter, announces that it will fulfill a purchase order to provide 200 long-range, high-speed FPV (first-person view) drones to Ukrainian drone pilots engaged in conflict with Russia.

[RDQ CEO]

Good day

[Lfrye]

I am not confused at all, Nick. I first heard about “The Sabby” here. I have no idea who stole money and who didn’t. I simply recognized the same math skills and thought he was the Sabby who traded here. Red Cat isn’t the Sabby and neither are you. Thanks for reminding me that you warned me me! Happy New Year :)

[nickmerck]

You sound confused. SBF stole money. I don't think they stole money. They also warned you in every prospectus that you'll lose it all. It's the thing that RCAT and me have in common :)

[Lfrye]

Great! I knew you knew it all! So, tell me…is SBF, the Sabby thing you were warning us about? Or, is the Sabby another crook?

[nickmerck]

I am an industry veteran and I know and have met and done business with most involved in RCAT. So I am intricately familiar with how the product (the stock) is being sold as well as what the reality of the situation is. It also isn't so hard to look up these individuals and how they have a continuous track record of fleecing everyone for their money. Or to come to the conclusion when a no-name company and no-name owner buy up established companies for a very risky multiple over what they are worth. The obviousness of it all bundled with your cluelessness is the main source of my laughter.

I am also not the only short, all my peers are short too, they just don't find the enjoyment in watching you lose it all. Me, on the other hand, I am having the time of my life :)

Merry Christmas! & rocketemoji.gif lol

[Lfrye]

Nick, I would like to ask you a question, if you don’t mind? You are the only short I know and you seem to know everything behind the scenes. Let me know.

[Lfrye]

Ahh! I see. You got too excited for proper sarcasm lol! Practice up! You’ll get better :)

[nickmerck]

The point being that they are continuously behind the curve. They were a hobbyist company while the hobby sector was booming. Now they are a military company since there's a war going on with drones (none of theirs, but who's counting ...). They will most likely have a ready product just in time for the cease-fire.

[Lfrye]

You have me confused? Are you a long now? Great! Welcome! Glad you finally changed your mind!

[Lfrye]

Very Good! Your getting pretty funny, Nick! Funny thing about giving a company your heart….it multiplies!!! Merry Christmas!

[Lfrye]

Great time to buy! Merry Christmas!

[nickmerck]

Crickets :)

Oh well, merry xmas to you all. Don't forget to send the RCAT leadership team a christmas card, since you already sent them everything else. LOL

[nickmerck]

It's at $0.81 now. Time to buy? :)

[nickmerck]

mel_gibson_hold.gif

lol

[nickmerck]

Consumer business sold off. Net loss of $10M, with $4M in sales, over 6 months.
... and the stock price is below $1, which means we're in for a split or a delisting. Both are obviously very positive indicators :)

Still holding? Please tell me you're still holding!

[nickmerck]

in their latest PR, they are now calling themselves ...

"a military technology company that integrates robotic hardware and software to provide critical situational awareness and actionable intelligence to on-the-ground warfighters and battlefield commanders"

I am lost for words. quarterly report tomorrow. I have $50 on "more bonus paid than revenue collected", any takers? :)

[RDQ CEO]

Great price

[nickmerck]

I haven't traded this stock in almost a year. It's like printing money at this point :)

[Lfrye]

Hi Nick! Are you still shorting this stock? Still can’t get it under a dollar I see. Pretty soon, I’ll buy more ?? Still time to join us longs. You are shorting your value. This stock shouldn’t be this low and you know it lol! I bought this stock when it was still Timefire and we’ve come along way. There is nothing you can say that will change my mind. Red Cat is going to Mars!

[nickmerck]

I hope you sold by now? My exit will be at $0.05

[nickmerck]

All the cash in hand is from selling the shares in the first place. They are burning through it by paying it to themselves at 3-4x the rate than the revenue from all companies (not profits ... revenue).

As stated years ago, this is an exit vehicle by founders of failing drone companies. The shorts aren't taking advantage of you, the founders are. We're now close to $1 (minimum price to stay on NASDAQ). In a few months this will be delisted, and I'll get to the finishing act: Me telling you that I told you so :)

[alstocks]

What’s wrong with $rcat….

from afar, I can only guess there are a bunch

of shorts out there taking advantage of little

interest in this stock…. this can’t be dilution!!??

they have/had so much cash in hand!?!?!

looks like a screaming buy at 1.00… only if

you are a patient shareholder though…

Good luck to all

[nickmerck]

That's because they pay themselves more than that on a quarterly basis (and before they reward shareholders), and we all know this is a one-time deal. This one is going to zero, gentlemen, as was predicted.

[Nelson2]

$1 million plus contract and this is the PPS reaction???
GOOD GRIEF!

GLTA

[nickmerck]

RCAT is down 44% the last 12 months, and 25% year-to-date. the company is still making a higher loss than revenue, and has paid for those revenues as if the companies are as profitable as they once were.

You're right, we do invest differently. I generally don't subsidize someone's exit vehicle :)

[Reyeton]

CEO of Teale drones coming up on Fox Business Now!

[Samshalom1]

I would think that swarm technology will greatly improve our tranche 2 prospects!!! Exciting stuff. Now let’s sell contracts!!!



https://ir.redcatholdings.com/news-events/press-releases/detail/63/red-cat-holdings-becomes-first-commercial-enterprise

[Lfrye]

No disrespect to your opinion, but I bought and hold this stock at .86. We invest differently. I respect your opinion, you pay more fees and margin interest than I, but I don’t agree. God speed, Nick! See you on Mars because if you are still in then you’re going too!!!

[Lfrye]

Yes! The shorts are nuts on RCAT. Update on Stocktwits…the people you block, still show up. I can’t waste my time with obscene videos that they seem to think is an argument, so I’m done with them. Also, you might find this interesting…The shorts have figured out how to combat us longs lol! I slapped the ask on one of my tickets and it filled lower lol! Good for me, but who does that?