[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?

[nickmerck]

Nothing has changed since they reverse-merged. In fact, it was the business plan from the start to take a bunch of drone companies that are in decline, package them as a "investing into drones" opportunity and provide a nice exit vehicle for the owners of these companies.

[nickmerck]

There is absolutely nothing that shows that this company won't go bankrupt. they haven't been profitable ever, only Fatshark has been, but as pointed out earlier RCAT didn't buy Fatshark, just the soon-to-be-obsolete parts of it.

Rotor Riot was bought at the brink of bankruptcy. Teal has squandered millions of dollars in the last few years. The other companies that were bought look equally bleak financially. And the revenue trend is decreasing YoY, while stock bonuses paid to executives are higher than the revenue.

The reverse merger price was over $4. We're now in the 50% decline, where a lot of resistance will be because lower than $2 none of the owners will sell shares, and they hold most of the control over the stock price. But eventually they will have no choice but to sell shares, to finance ongoing operations and bonuses.

[investor2004]

They never announced him stepping down, so I am guessing yes.

[Samshalom1]

Lol. So true - I wonder if Read is still on the board.

[investor2004]

I have learned over many years, as long as something does not go bankrupt or seriously decline, eventually it will come back. Like this. Who would have thunk Terraforge would end up being where it is now? We are on the cusp of something amazing here and we have waited a long time to get it! GLTY and see you on the other side my friend.

[Lfrye]

Long for a day trader but not so long for an investment. I did finally figure out why I can’t understand the shorts lol! They look at the daily and weekly charts and I reside in the 3 year chart. They need to back their charts up a few years to see my argument…it’s all about perspective. God bless and good luck!

[Lfrye]

You beat me with .76! I was still pouting over the split back then. These shorts are nuts! RCAT is the biggest winner in my portfolio and has been for over a year. See you on Mars lol!

[investor2004]

Ya, at that point I think I got some around .76! Definitely helps the average down after the years of John Read screwing us in the kiester and the huge reverse split.

[investor2004]

Hey! Sorry for the long response. Just do not follow much here...well, because of everything I posted in the message. Anyway, we have been here a VERY long time. Hope it comes to fruition here soon. And that post about buying around .86, I hear you! I bought a good chunk around there also. Thanks shorts!

[Lfrye]

Well, it wasn’t a scam when I bought them a couple years ago. In fact, I paid top dollar at the time as I slap the ask in all my buys (can’t let the shorties see me coming). I just held them and last I looked I have a 170% unrealized gain. I am very careful, not to buy more in that account so I don’t mess up my average :) When I buy now it’s just a little in a smaller account. No one can complain. I paid top dollar for what the shorts wanted at the time. Over a 50% return a year. None of the shorts arguments make sense to me and they haven’t for awhile now.

[nickmerck]

I guess we can both laugh at whoever shorted at $0.86. Since this is obviously a scam, there will be a lot of resistance close to $1 as that is the barrier to delisting and would spell the end of passive inflows which is what the owners are selling into.

[Lfrye]

Hi Investor,
I gave Stocktwits another try! I also learned to block the vulgar videos lol! I have owned horses and I am completely familiar with the way a large animal goes to the bathroom, I guess I never saw the value of it as a stock argument. Who knew? Someone must actually think it will make people sell. Anyhow, my experience has been a lot better since I found the block button! God bless to all us longs! You too, Nick :)

[Lfrye]

Nick,
I am not laughing at shorts. I am forever grateful to them lol! One of them sold me thousands of RCAT shares for .86 cents years ago….this stock hasn’t been a loser for me, for a couple years. If you bring RCAT down that low again, I’ll just buy more lol!

[nickmerck]

15 drones! I hope they built a second factory next to their new one to build such. a. massive. order.

+30% on 120M market cap for an order that will net them $100k. And people are laughing at shorts...

[Lfrye]

So much for mine as well!

[Chartmaster]

Make them attack drones and wipe out Putin!!!!

[Samshalom1]

Well so much for my volume prediction. Lol

[Chartmaster]

Teal Drones Secures Purchase Order for Golden Eagle Drone Units from NATO Member Country for Deployment in Ukraine

SAN JUAN, Puerto Rico, April 04, 2022 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a hardware-enabled software provider to the drone industry, announces that its subsidiary Teal Drones (Teal) has secured an order for 15 Golden Eagle drone units, plus spares and training, from a NATO (North Atlantic Treaty Organization) member country that has committed them to deployment in the Ukraine.

“Drones in the category of the Golden Eagle can be among the most impactful technologies during a war, and there is significant need for drones in Ukraine to be used for reconnaissance purposes. We are now seeing small drones like the Golden Eagle helping to define the outcomes of wars such as what we’re experiencing now,” commented George Matus, founder and CEO of Teal. “Teal is one of the only drone companies in the world able to provide these types of drones at scale, utilizing our own proprietary technology, manufacturing and resources, despite the supply chain issues that have plagued the industry at large.”

“Red Cat Holdings stands by Ukraine, and we will continue to support its needs to the greatest extent possible using Teal’s Golden Eagle platform,” added Jeff Thompson, Red Cat’s CEO. “Since the war in Ukraine began, we have seen strong interest in the Teal drone platform from numerous European countries. Defense budgets within Europe have risen seemingly overnight due to the need to support this current invasion, as well as the desire to be prepared for future geopolitical conflicts. Many countries and military units are recognizing the strategic benefit of having an adequate baseline inventory of drone units that can be invaluable in reconnaissance and surveillance on the front lines. We believe this is the first of many relationships and purchases in the region.”

About Red Cat Holdings, Inc.
Red Cat provides drone-based products, services, and solutions through its five subsidiaries and services the enterprise, military, and consumer markets. Teal Drones is a leader in unmanned aircraft systems (UAS), and its Golden Eagle is one of only five drones approved by the Department of Defense for reconnaissance, public safety, and inspection applications. Skypersonic’s technology enables drones to complete inspection services in locations where GPS is not available, yet still record and transmit data even while being operated from thousands of miles away. Fat Shark is a leading provider of First Person View (FPV) video goggles. Rotor Riot, LLC is a reseller of FPV drones and equipment, primarily to the consumer marketplace. Learn more at https://www.redcatholdings.com/.

Forward Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

Contact:
INVESTORS:
CORE IR
Phone: [phone]
E-mail: [e-mail]
Website: https://www.redcatholdings.com/
https://www.globenewswire.com/newsroom/ti?nf=ODUxNTQ1MyM0ODMyMjc0IzUwMDEwMjY5OA==
https://ml.globenewswire.com/media/ODg4NmQyNWUtZGUwOS00NmUyLWIxNDktYWJmZTI2ZGY0ZTdiLTUwMDEwMjY5OA==/tiny/Red-Cat-Holdings-Inc-.png

Source: Red Cat Holdings, Inc.

© 2022 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/RCAT/news/story?e&id=2173504

[Samshalom1]

No - that was what was posted. I’m hoping that we see a number of contracts in the near future. We shall see what the price action is as a result.

[PStockPickz]

Estimate it to be roughly $250k order. Maybe I'm wrong. Was hoping to see a pump here at least

[Samshalom1]

Not enough of an order - I think it settles down to around 10-15 million in volume and ends the day around $2.50. If we get a large contract, we will do better. The bears will push it down on its order size - thus your poop memes. I mean 15 drones is not much when the Confrence call suggested that we shall angle for production of 2000 per month. So I’m hoping that this is the first of many much larger order. Hope I’m wrong and it’s much higher. GLTY

[Lfrye]

How do you handle all the posts with animals defecating? I don’t know lol, maybe it’s just my stocks but that’s what Stocktwits offers me. Here, people are real…most of them. So, what do you think? I bet we see a 200 million volume day. Bet, lol? God bless to all!

[Nelson2]

Oh boy! Here we go!!! $$$$$$$

GLTA

[Samshalom1]

Meant Stocktwits

[Samshalom1]

I occasionally follow IHub now. Most of my interactions have been on IHub for quite some time now. Just not enough followers here

[investor2004]

On Another Note...

On another note, IHUB is being ridiculous in not changing their ways. Because of it, they are seriously going to become obsolete I am guessing. Most people get free level 2...so not a factor anymore....and of course, they do WAY to much babysitting of posters here and are to strict similar to big tech social media. Thus, they are going broke I am guessing. They really need to move forward into 2022 and come up with some ideas of how they are going to offer something here that is really worth anything of value. Maybe outside of the penny discussion boards which are questionable as far as their usefulness for investors as well. Just my opinion, but you can just see it with the "silence" on many boards here and the slow mo over the cliff! It would also be interesting to find out how much % wise revenue they have lost in the last few years. I am guessing it is massive. At least here, which is one benefit, unlike Stocktwits, you can still lurk without an account. But that small thing is not going to save them when Stocktwits basically treats posters and people like adults rather then children who need to be reprimanded. Not to mention, they also have a highly superior board and chat forum.

Also noticed they are now doing pop up ads on the site now. That is another warning sign people are leaving....

[nickmerck]

I'm counting on the press covering RCAT. That's always a good shorting opportunity. As for the rug pull; I am not going to move the stock either way. The rug pull will be performed by the owners of the stock. Like they did with TWER. Coincidentally that finally hit zero this month!

[nickmerck]

Because it may never happen again. Only the owners know when the rug-pull is going to happen, and with every pump it is more likely to happen soon. Why risk getting caught on the wrong side of it? No need to be greedy, this is free money and pigs get slaughtered.

[chupon]

Why not jump in then for the next pump. You can ride her up and down - both ways is twice the fun!

[Lfrye]

Oh Nick,
Actually, pretty soon, the press will run out of reasons NOT to cover Redcat lol! As for the rug pull…Mr. Matus is flying. I don’t think he’ll be bothered by your old rug trick ;) Best wishes!

[nickmerck]

Please don't mistake my lack of a position to be a long. I'm simply waiting for the pump to take another short position. I have no illusions that this will go anywhere except zero. Eventually they will run out of excuses for press releases. And I think we're fairly close to shares from the first few exits unlocking, right? Poor Mr. Matus will learn what a proper rugpull looks like.

[tai12345]

RNWK vision technology to be incorporated in DRONES!! IMHO hopefully

[tai12345]

RNWK vision technology to be incorporated in DRONES!! IMHO hopefully

[Chartmaster]

Red Cat Holdings Selected by U.S. Army for Short Range Reconnaissance Tranche 2 Drone Program

HUMACAO, Puerto Rico, March 14, 2022 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a hardware-enabled software provider to the drone industry, announces that its subsidiary Teal Drones (Teal) has been selected by the Department of Defense's (DoD) Defense Innovation Unit (DIU) and U.S. Army to compete in the Short Range Reconnaissance Tranche 2 (SRR T2) Program of Record.

Teal was selected to develop a next-generation small unmanned aerial system (sUAS) designed for surveillance and reconnaissance (S&R) duties, with a focus on autonomous capability, for the U.S. Army. The ultimate goal of the SRR T2 program is to provide a small, rucksack portable sUAS that gives all Army platoons (20-50 soldiers) with situational awareness beyond the next terrain feature.

Following a successful demonstration in September 2021, Teal was notified by the U.S. Army's Short Range Reconnaissance Product Office that it would advance to the prototype phase of the SRR T2 program and was awarded a $1.5M prototype contract. Teal will develop a next-generation drone that meets or exceeds the Army's technical system requirements of SRR T2 and competes for the SRR T2 production contract.

"The rigorous technical requirements and program objectives of SRR T2 dramatically narrowed the field from over three dozen drone manufacturers to just a handful that were selected by the Army to move forward with the program. We believe this puts us among the most elite drone manufacturers in the world and, consequently, is a significant recognition of our capabilities," commented George Matus, founder and Chief Executive Officer of Teal. "The $1.5 million prototype contract we were awarded for SRR T2 reinforces the sophistication and technical expertise of our entire Teal Team. We look forward to developing the Army's next-generation sUAS to improve the safety and lethality of our warfighters."

The SRR Tranche 1 program began in 2020, and Teal was similarly selected for that program with a prototype contract award as part of its selection. The five drones (including Teal's Golden Eagle) developed for SRR Tranche 1 became the five drones named to the Blue sUAS list in August 2020 and were subsequently approved by the Department of Defense (DoD) and other U.S. Federal Departments. The Blue sUAS list was originally developed by the Defense Innovation Unit (DIU), an organization within the DoD organization, that is focused on integrating leading commercial technologies into the Government.

About Red Cat Holdings, Inc.
Red Cat provides drone-based products, services, and solutions through its five subsidiaries and services the enterprise, military, and consumer markets. Teal Drones is a leader in unmanned aircraft systems (UAS), and its Golden Eagle is one of only five drones approved by the Department of Defense for reconnaissance, public safety, and inspection applications. Skypersonic's technology enables drones to complete inspection services in locations where GPS is not available, yet still record and transmit data even while being operated from thousands of miles away. Fat Shark is a leading provider of First Person View (FPV) video goggles. Rotor Riot, LLC is a reseller of FPV drones and equipment, primarily to the consumer marketplace. Red Cat Propware is developing a Software-as-a-Solution ("SaaS") platform to provide drone flight data analytics and storage, as well as diagnostic products and services. Learn more at https://www.redcatholdings.com/.

Forward Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

Contact:
INVESTORS:
CORE IR
Phone: [phone]
E-mail: [e-mail]
Website: https://www.redcatholdings.com/

https://c212.net/c/img/favicon.png?sn=CL90098&sd=2022-03-14 View original content to download multimedia:https://www.prnewswire.com/news-releases/red-cat-holdings-selected-by-us-army-for-short-range-reconnaissance-tranche-2-drone-program-301501405.html

SOURCE Red Cat Holdings, Inc.

https://www.otcmarkets.com/stock/RCAT/news/story?e&id=2155766

[Chartmaster]

Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2022 and Provides Corporate Update

HUMACAO, Puerto Rico, March 17, 2022 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or "Company"), a hardware-enabled software provider to the drone industry, reports its financial results for the fiscal third quarter ended January 31, 2022 and provides a business update.

Recent Corporate Highlights:

Teal Drones ("Teal") Selected by U.S. Army for Short Range Reconnaissance Tranche 2 Drone Program
Teal Awarded Customs and Border Protection Contract Worth up to $90 Million over Five Years
Teal Manufacturing Facility Doubled in Size
Skypersonic collaborating with NASA to deploy remotely piloted drones in a variety of vehicles and environments
Appointed Venture Capitalist and Cargo Drone Entrepreneur Christopher R. Moe to Board of Directors

Third Quarter 2022 Financial Highlights:

Revenue for the fiscal third quarter ended January 31, 2022 decreased 13% compared to the same period in fiscal 2021 as the Company focused its efforts on doubling the manufacturing capacity for its Teal subsidiary. Revenue for the nine months ended January 31, 2022 increased 64% compared to the nine months ended January 31, 2021
Operating Expenses for the quarter ended January 31, 2022 increased to $3.2 million compared to $1.1 million for the same period in fiscal 2021, reflecting the acquisitions of Skypersonic and Teal. Headcount at Teal has doubled with the addition of skilled engineering talent required to design an expanded manufacturing facility and incorporate technical product enhancements requested by customers
Cash and marketable securities were approximately $56 million as of January 31, 2022

"All our business divisions are well-positioned to benefit from current tailwinds in the drone industry. The current conflict in Ukraine is leading to many inquiries for Teal's Golden Eagle drone and we are optimistic that many of these will be converted into material contracts," commented Red Cat CEO Jeff Thompson. "Over the longer term, our selection as one of just two companies awarded the Short Range Reconnaissance Tranche 2 $1.5 million prototype contract, which may lead to a production contract award. The production award for Tranche 1 was $100 million. Ultimately, there is the Tranche 3 prototype and production awards that Teal will also be competing for. We are committed to increasing Teal's production capacity to meet the strong demand we see from current contracts and in our pipeline.

"Skypersonic and its unique drone inspection service platform is ideally positioned to benefit from the federal Infrastructure Bill that was passed in 2021. We would expect increased commercial activity related to this opportunity later in 2022 and into 2023.

"With our strong balance sheet and numerous opportunities ahead, we look forward to keeping investors informed of our commercial progress and thank investors for their continued support," concluded Mr. Thompson.

"We invested significantly in hiring the engineering talent required to support our expanded manufacturing facility at Teal including the technical enhancements that our military customers are seeking," stated Joseph Hernon, Chief Financial Officer. "Our financial position remains strong with almost $56 million of cash and marketable securities and debt obligations less than $3 million."



RED CAT HOLDINGS

Condensed Consolidated Balance Sheets

(Unaudited)




January 31,



April 30,



2022



2021

ASSETS




Cash and marketable securities


$ 55,557,829



$ 277,347

Inventory, including deposits


3,879,159



841,011

Intangible assets, including goodwill


28,012,942



10,049,502

Other


2,934,752



525,505

TOTAL ASSETS


90,384,682



11,693,365









LIABILITIES AND STOCKHOLDERS' EQUITY




Accounts payable and accrued expenses


2,351,451



1,202,049

Debt obligations


2,466,728



269,045

Warrant derivative liability


1,350,099



2,812,767

Other


876,156



2,143,209

Total Liabilities


7,044,434



6,427,070





Stockholders' Equity




Stockholders' capital


106,011,208



21,076,223

Accumulated deficit


(22,670,960)



(15,809,928)

Total Stockholders' Equity


83,340,248



5,266,295

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY


$ 90,384,682



$ 11,693,365



RED CAT HOLDINGS

Condensed Consolidated Statements of Operations

(Unaudited)





Three months ended January 31,



Nine months ended January 31,




2022



2021



2022



2021










Revenues



$ 1,856,751



$ 2,145,988



$ 5,116,741



$ 3,122,077










Cost of goods sold



1,516,970



1,576,265



4,521,974



2,351,153










Gross Margin



339,781



569,723



594,767



770,924










Operating Expenses









Operations



334,278



146,539



794,390



353,295

Research and development



811,288



167,968



1,548,983



341,892

Sales and marketing



238,624



48,719



524,642



97,534

General and administrative



1,337,183



499,155



3,264,071



929,874

Stock based compensation



782,123



854,195



2,066,146



1,068,317

Total operating expenses



3,503,496



1,716,576



8,198,232



2,790,912

Operating loss



(3,163,715)



(1,146,853)



(7,603,465)



(2,019,988)










Other Expense (Income)



(598,898)



7,837,407



(740,275)



8,069,797










Net loss



($2,564,817)



($8,984,260)



($6,863,190)



($10,089,785)










Loss per share - basic and diluted



$ (0.05)



$ (0.34)



$ (0.15)



$ (0.46)










Weighted average shares outstanding - basic and diluted



53,592,927



26,232,755



46,604,898



22,161,745



RED CAT HOLDINGS

Condensed Consolidated Cash Flows Statements

(Unaudited)




Nine months ended January 31,



2022



2021

Cash Flows from Operating Activities




Net loss


$ (6,863,190)



$ (10,089,785)

Non-cash expenses


1,083,885



9,217,301

Changes in operating assets and liabilities


(6,259,810)



(44,532)

Net cash used in operating activities


(12,039,115)



(917,016)





Cash Flows from Investing Activities




Purchases of marketable securities, net


(48,446,302)



-

Other, net


(67,715)



(48,368)

Net cash used in investing activities


(48,514,017)



(48,368)





Cash Flows from Financing Activities




(Payments) proceeds of debt obligations


(2,663,931)



1,200,368

Proceeds from issuance of equity, net


70,051,243



-

Net cash provided by financing activities


67,387,312



1,200,368





Net increase in cash and cash equivalents


6,834,180



234,984

Cash and cash equivalents, beginning of period


277,347



236,668

Cash and cash equivalents, end of period


7,111,527



471,652

Marketable securities


48,446,302



-

Cash and marketable securities


$ 55,557,829



$ 471,652



Conference Call Today
Jeff Thompson, CEO and Joseph Hernon, CFO will also host a conference call at 5:00 p.m. ET on Thursday, March 17 to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session.

To listen to the conference call, interested parties within the U.S. should dial 1-866-777-2509 (domestic) or 1-412-317-5413 (international). All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Red Cat Holdings, Inc. conference call. Participants can also pre-register for this event using the following link: https://dpregister.com/sreg/10164315/f1ca1b35e3.

The conference call will also be available through a live webcast that can be accessed at https://dpregister.com/sreg/10164315/f1ca1b35e3.

The webcast replay will be available until June 17, 2022 and can be accessed through the above link or on the Company's website. A telephonic replay will be available until March 31, 2022, by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 5639695.

About Red Cat Holdings, Inc.
Red Cat provides drone-based products, services, and solutions through its five subsidiaries and services the enterprise, military, and consumer markets. Teal Drones is a leader in unmanned aircraft systems (UAS), and its Golden Eagle is one of only five drones approved by the Department of Defense for reconnaissance, public safety, and inspection applications. Skypersonic's technology enables drones to complete inspection services in locations where GPS is not available, yet still record and transmit data even while being operated from thousands of miles away. Fat Shark is a leading provider of First Person View (FPV) video goggles. Rotor Riot, LLC is a reseller of FPV drones and equipment, primarily to the consumer marketplace. Learn more at https://www.redcatholdings.com/.

Forward Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

For Investor Relations Inquiries:

CORE IR
Phone: [phone]
E-mail: [e-mail]
Website: https://www.redcatholdings.com/

https://c212.net/c/img/favicon.png?sn=CL95961&sd=2022-03-17 View original content to download multimedia:https://www.prnewswire.com/news-releases/red-cat-holdings-reports-financial-results-for-fiscal-third-quarter-2022-and-provides-corporate-update-301505387.html

SOURCE Red Cat Holdings, Inc.

https://www.otcmarkets.com/stock/RCAT/news/story?e&id=2160267

[Chartmaster]

This looks ready to pop to 2.50 any day now imo

[SlamDunk89]

Rcat biggest dilution company I ever been in…. Of course the massssssive reverse split makes them look good temporary…. Until they dwindle back down to under a .01 I feel…. Be careful with this con job of a company!