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Hey Nick. How’s that monster short going? Lol enjoy the night shift
Mmmm desperation
Likely no ER for a bit. Kapper responded to a post last week when someone asked which date was correct. He seemed confused and asked where they got the dates. He reminded the poster fiscal year end was April - I took him saying that as we’ll see it in the 90 day window…Let’s keep pumping this volume in the meantime
1.5 hrs left of the trading day...I bet 5 bucks we pass a million in volume for the first time today, what say ye?
Hahaha I was gonna say after living in New England for the past 15 years the “pizza” really threw me off. Wicked pissah guy ;)
https://corporatefinanceinstitute.com/resources/knowledge/finance/ipo-process/
Good article on IPO process you guys should read. While I’m not sure how long after it applies but “ Stabilization activities can only be carried out for a short period of time – however, during this period of time, the underwriter has the freedom to trade and influence the price of the issue as prohibitions against price manipulation are suspended.” Not sure if this applies to uplisting offerings as well but something to note.
I’m really not worried, they priced this thing pretty fairly I don’t see us falling much lol I added last week, didn’t have cash today but cudo’s to anyone that did. A couple years ago a trader said something on lines of “stocks have tendencies to go down right before they go up.” and it’s been engraved in my mind since. We see it all time, earnings will come out decent, restless holders don’t get the pop they want right away so they sell. One week later it’s up 10-15% (or the move was priced in the weeks leading up and that’s all she gave on the run up) but usually there tends to be a shake out before things move higher, it’s just how it is half the time.
Thompson’s salary incentives tell me he thinks we’ll see movement sometime. Just the same waiting game til then...Skypersonic closing should lead us closer to DroneBox release as I’m sure the data analytics would only help General Motors and Aramco’s inspection fleet.
https://www.prnewswire.com/news-releases/red-cat-completes-skypersonic-acquisition-301288611.html
Red day today, let’s see what happens.
Aramco is the worlds biggest oil producer...I’d say that presents another bullish case
https://www.lugus-studios.be/portfolio/liftoff-academy
Liftoff academy expected to be released this year.
They already helped create remote training platform for skypersonic
https://www.skypersonic.net/skycopter-simulator/
27k after hours buy that’s a first...
Also, Institutional buyers get gibs on shares...~4m+ Shares ain’t a lot There’s already Webull and Robin Hood chatter of wanting to buy in comment sections...I wonder if the company can use these next 5 days to launch us via catalysts or if they plan to trickle Dronebox out within the year.I will say 160m is a fair price here, if we can collect institutional buying this could get heavy eyes on it. GLTA Nasdaq is really happening, this is a rare moment. Don’t forget management is tied up for 6 months. I wish everybody the best, it will be interesting to see how we get rolled out.
I can’t view that image - are you referring to what deucestaleyy posted? The 20 is the offering amount (20m)
RCAT TO UPLIST MONDAY 5/3
Nasdaq approved!
https://d1io3yog0oux5.cloudfront.net/_a2dd10800d6c1d925851a1690b966c09/redcatholdings/db/1086/9700/pdf/RCAT+web+site+Investor+Presentation+April+8+2021+v7.pdf
Newest updated presentation is April 8th, they also updated the website a bit/added skypersonic
Depends on share structure at the time and volume? No price predictions but Red Chip and ThinkEquity work with some players. Record revenues (4x UAVS), links with GM “national program” Skypersonic deal should be closing this month along with FAA regulations. I like my odds and average here. goodluck everybody.
From that 8k looks like Jeff Thompson thinks we may hit a 500m cap at some point. 3.95$ Warrants also. NICE 250k salary, still think that was less than Read’s lol GLTA
https://www.einnews.com/pr_news/537905642/red-cat-reports-record-revenues-for-fiscal-third-quarter
Skypersonic expected to close this month instead of may also check hernon’s comments...GLTA
https://newsfilter.io/a/89a9c3d4eb4ad9028a6943a5b219723d
Second debt holder converted to shares & used warrants to purchase 44k more shares at 1.5$
Happy Easter guys, enjoy the long weekend
It’s assuming @ 4.00, official valuation / price has still not been set. Probably still a couple/few weeks away.
Let’s see if they get that 10k at 4.3, they’ve been waiting all day. I added some cash, hopefully settles tomorrow so I can piggy back on them. There was also another 10k at 4.2 that disappeared earlier
Not sure who is gonna sell here lol but this could be some attempted accumulation. Make them pay.
Nice bid size going on in level 2. Some size (for this stock) wants in.
Alpine F1 is formerly Renault...They rebranded but is Renault’s brand...
“Formerly named Renault F1 Team and owned by the French automotive company Groupe Renault, the team was rebranded for 2021 to promote Renault's sports car brand, Alpine, and continues to serve as Renault's works team”
Joseph Hernon said it was expected on “or around” March 15th. I’m expecting it this or next week. Not really upset for a delay, I’m sure they are busy.
Lol Nick FAA laws are kicking into effect and they will be forcing people to be compliant. Recreational pilots will be the last to adopt it but the commercial industry will be first ones to adapt...Hasn’t I talked to any FPV pilot you ask?
Two champion Drone Racing League pilots are signed with rotor riot....and will be endorsing/using Dronebox not just for fpv and racing but for real world remote drone inspections via 5g all while maintaining regulatory compliance and keeping a drone like skypersonics insured on the job site...
This is no longer just about DroneBox but also the pilot platform and the need for remote drone flights and inspections/operations.
Please continue to short. RCAT is working with players. Think equity - $pll $blnk $nndm $pola $solo, Red Chip - $vldr $gmbl $lazr
This stock is one Apple/Tesla factory flight away from being $40...I don’t think you realize the companies these people have connections/do business with. Good luck to you.
General Motors is already confirmed working with skypersonic. Same with the Leonardo company. Same with Exelon. And many more.
This is a no brainer buy/hold. Been saying that for two years, you have been saying the opposite the only difference is my fruition came true. Thanks for contributing to the volatility of the stock, you only helped my buy average. I secretly do love you Nick.
They aren’t putting 6m into Dronebox, they are putting it into redcat drone services...Also revs from both Fat Shark and Rotor Riot are in fact growing...even seekingalpha’s write up confirms revs AND MARGINS are both experiencing growth in the right direction.
Fat sharks revs grew 21% YOY 2019-2020 to 7.3m last year...
https://d1io3yog0oux5.cloudfront.net/_0c12b16ea1b4c713c1952bdf91408a7e/redcatholdings/db/1086/9700/pdf/RCAT+Investor+Presentation+Feb+2021.pdf
Just give up the charade already. I’d bet money you’re an ex Rotor Riot pilot or fanboy who has an emotional vendetta against this company lol Sorry the industry is moving towards commercialization and a group of entrepreneurs/investors are about to profit from it....immensely :) ....This stock is clearly in bullish trend and even basic T&A shows that. You lost the war Nick. This hasn’t been below 4 in months...and isn’t going to be anytime soon..The minute we left the pinks for the QB the whole game changed. It’s been real - nobody cares, Bulls won this one my friend. Go kick rocks.
Depends on how much we can convince funds of our worth/future growth...Also depends on the demand for said IPO. Not a play like this in the drone space, a lot different from the air taxi’s/delivery/autonomous plays out there...We actually have real world applications and solutions for the current industry not a fairy tale that is 10 years out that could be anybody’s game...
The writer of the article states they’ll make a decision when they learn more about the IPO from management/official valuation given. Not sure if that means they’ll be directly in contact with management or if they’ll just wait for news to drop to write another article. The fact that the 20m (initial) IPO isn’t priced in yet makes me wonder if there is another player in background. Think equity was the sole bookrunner a couple weeks ago, more funds could be wanting in which does happen sometimes...Not banking on that but it is a possibility. I imagine there will be another s1a form before the uplist filling the gaps...ER should drop next week that could help improve our valuation/interest.
*double post sorry*
32% towards “red cat drone services”
I personally believe we will/can hit higher in the months to come, 10$ is me being conservative/initial IPO price. I think a 500m-1b market cap is more than reasonable, who knows maybe even higher depending on the noise and catalysts *cough dronebox* they begin to roll out. I like our odds...
+1
Only 20x’d my position since the split...UP 250% at these levels lol the dumbest part about all this is since the OTCQB listing it hasn’t been below 4.00 in months so you’re short thesis no longer holds any merit Nick...RCAT is gonna hit Nasdaq....most likely at worst 10.00$ a share....Why tf would anyone to short this thing still is beyond me.
EVEN seekingalpha article states gross revenue and margins growing...It doesn’t matter if the company fails long term, short term 2021 we’re gonna get paid...
Also that seekingalpha article Sam posted shows management wants to use 48% of IPO proceeding towards acquisitions and related costs...Perhaps they think they don’t need that many shares and can use cash instead which would be awesome for us...
Not sure about the drop from 7m though, I remember seeing Lfrye’s post about that. It’s been at 5m since and hasn’t moved since
Seeing 5m as well (they increased float after the initial run up to 4 before the secondary explosion to 7.75) think it’s just delayed
https://ir.redcatholdings.com/
——
GM LINK COULD BE GAMECHANGER IF PEOPLE CATCH WIND
RCAT added an “investors tab” to website
has a more recent investor presentation here
https://d1io3yog0oux5.cloudfront.net/_0c12b16ea1b4c713c1952bdf91408a7e/redcatholdings/db/1086/9700/pdf/RCAT+Investor+Presentation+Feb+2021.pdf
Skypersonic working with GM
US companies will adapt measures. Skydio just got 170m up pumped into it. US energy/assets will choose American made. Red Cat is the middle but stands to benefit from the market. We are also sitting on a DJI partnership (remember back in 2019 they said they were working on DJI integration as well) Rotor Riot even posted DJI’s new FPV drone today on YouTube. Tie’s still look strong in the background.
Skypersonic’s remote platform is gonna bring so much to the table. I still feel very good here at RCAT. The market needs the “next thing” and drones are it. RCAT will play the pilot/regulation side of things. Official FAA publication should be out sometime this month I believe
“ The technology underlying this patent enables the construction of a higher performance headset at a lower cost. ”