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We will be able to tell with the next SEC filings. I can't explain it other than people weren't happy with the ~10% rise in pps after merger and decided that's what they were waiting for, and sold. Now you just see it's oversold...more scared money following. People have been screaming dilution for months and I have yet to see the O/S reflect that.
Yep, oversold from panic. Gotta have some gut to be in OTC especially being a long...or you can stop loss or take losses (lol I've heard people taking $500-2k losses today) I know the feeling selling and missing out on a huge run. Won't make that mistake here.
If this goes that low it will be absolute insanity on the bid. I've been dreaming of getting .10 again! Makes becoming a millionaire with $1 pps actually possible.
Wow, surprised you're out! I went through both 0.03 to .11 pullbacks and held, this is nothing! But profit is profit. Can't say it hasn't crossed my mind, but to think of selling this low is just out of the question for me. Plus I'll slap myself silly if this thing skyrockets on contracts. GL, hope you choose to get back in!
123k on the bid!
L2 looks to be getting back to normal, maybe they're done
Really?...
VP of Sales for RAD.
Past Employment history with Securitas, Dept of Homeland Security, etc.
That's normal, run of the mill statements they must make legally as a startup. This isn't shocking and 100% normal. You won't find a robotics company like RAD under $1-5 pps if they had stellar financials. The business is literally just starting.
lol 0.01 man come on, look at the chart. You would be lucky to see less than .16 again
16 minutes into the bell, patience...
Exactly. That's why startups go on gofundme, they need money to start up, hence the name. We are fine!
And Trump is a perfect speaker.
I say "gonna" and I have a Doctorate.
Merger VIDEO out!!!!
https://vimeo.com/229774579
Sticky this! Great title so it's seen!
We will be fine. Merger means OMVS is now RAD. People with shares in OMVS now have shares in RAD. This wasn't the case yesterday. Backlog of PRs will be systematically released to benefit both the company and shareholders. It would be idiotic to put all your eggs in one basket in the merger PR. Good luck getting shares!
Let the buying begin!
Also keep in mind a robot was deployed for service on Microsoft's campus on May 2017!
It says enough! Plus the new merger tweet from steve... this is happening and I'm so excited for next week. Got my position locked!
This is what happens when a merger date is pushed back. Inevitably you get people with scared money leading into the 31st giving reasons why the merger won't go through this time.
As it gets closer expect the bashing to increase up until the 31st. Especially if pps drops to 16 or below, the bears and shorts will be posting furiously. Many eyes on this stock this week.
Know what you own! $OMVS!
For new investors, the answer to the often asked question: "If RAD doesn't make the robots, what does RAD do?"
Answer:
For the S5 Security Guard, RAD provides the hardware and software that enables organizations to choose what video management software they want to use with the robot, according to Steve Reinharz, RAD’s founder and CEO. RAD has also partnered with NVIDIA to provide the software and hardware necessary for the robot to perform human and vehicle identification. Additionally, Reinharz , who has spent more than two decades working in the fields of robotics and artificial intelligence, says RAD drives the development priority schedule for the robot and does all of the physical assembly. For its part, SMP works on the technology R&D side to bring advanced functionality to the S5 Security Guard.
Securitas is the distribution partner in the Aug 10 PR, IMO.
It started with the hiring of a new VP of Sales press release...
Klock's employment history speaks for itself....but better yet..
Both Klock and Kevin Hafty, a National Account Manager at Securitas liked a RAD post on their business profile on LinkedIn. A National Account Manager linked with RAD?
A month later the PR hits...
Securitas is the 2nd largest security guard company in the USA. Less employees, but many more possible offices to distribute to.
As you know, Securitas also has interest in AI - as it has already partnered with Knightscope until 2020 - but that doesn't mean RAD can't get a larger piece of the pie depending on the terms between both companies.
I increased my position at .156 couldn't get the full 10k though :)
Still waiting.....
.16 is your entry to get back in. Quit trying to get .10, it won't happen man
I've made plenty and will continue to
News to some I guess! I saw this before today
There's folks with large positions (600k+) that have admitted to selling daily just in case the merger doesn't go through on the 31st. Could very well be someone with 1mm+ doing the same
Give us a reason(s) or analysis or your guesses are pointless
The longs I know will rebuy if that becomes even close to reality. I just don't see it unless there's bad news. I myself will increase my position .17 and under. Watching the price action last week would tell you we aren't going to .10
Knightscope charges $7/hr to lease the robots. So assuming we compete with them, that would be the price point. $61,000/yr for 24hr surveillance PER robot. But that doesn't mean RAD can't charge more on the end of $12/hr or so. Of course, there could be additional fees for decals/custom bots which would be a certainty.
No direct connection known, but...
1. PR says "with one of the largest security companies in North America"
2. Securitas has a "North American" office
3. Securitas is not THE largest but is the second largest, would qualify as "one of the largest".
4. Securitas is interested in AI and robotic security and partners with robotic security guard companies already, such as Knightscope.
Agree. No belief from me about these "groups" until I see otherwise. They said one day they bought $2mm shares and it was a $3mm volume day. lol. All talk at this point, which is fine, but if you're all talk -- expect doubters and don't get upset when doubters come your way! There's only so much you can believe from certain people on the board. Anyway - know what you own, good luck to all longs!
"Your group"....feel free to provide proof, I don't think you have a group, it's just you. Sorry!
Is this dilution? Sorry. Don't understand hedge fund buying. Does OMVS just issue 9mm shares to this company for current pps and keep the cash? How does this work?
Someone sold 100,000 shares at .163
Haha!
Nice bounce! Not quite .15-.16 yet!