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I’m completely wrong. The other 25k cash was from the TFVR merger.
Sorry to excite anyone got a head of myself Oof. My apologies everyone. There is no hidden acquisition that we know of. The K obviously included last year but the way they worded it I got excited quick hahaha
10Q states we received 21,623$ cash from RR back in Jan.
Looks they are most certainly sitting on atleast one acquisition announcement.
I remember the Initial ether purchase being closer 80 - 100K at the time of his “investment” but I doubt they would have kept any crypto after the merger pretty sure he sold everything to buy the gpu miners/keep them a float.
Re-read the 10k today and found something we missed. It mentions a second acquisition that has taken place in 2020.
https://ibb.co/JKrcg6r
OASHOBBY has been making a lot of RR builds lately if you follow his Instagram...He’s the builder behind their digiwhoops the past few months (carries them on his website as well)... Also has pictures of his assembled RR cinewhoops about to be shipped out, been wondering if there was plans to merge and have him join forces seeing how he has been already assisting in production...
His website has also start pushing DJI products in a similar manner to RR last year...
Not trying to start rumors but it’s just something I’ve been paying loose attention to and something that wouldn’t be shocking to see.
Jeff Thompson is mentioned in Department of Transportation blockchain UAV study which also references blockchain and organ delivery case study....
(See previous post for link)
THIS IS HUGE. Anyone else excited?
This is worth a look as well - Blockchain for Unmanned Aircraft Systems
Published Date: 2020-04-15
https://rosap.ntl.bts.gov/view/dot/48789
Source: United States Department of Transportation
Also if you check the resources section they have this article (and many more) that may have slipped our attention
https://dronedj.com/2020/04/29/us-government-blockchain-make-drones-safer/
Anyone scroll down and see the RCAT MAP with RR and Dronebox listed as subsidiaries with two ghost logo’s that say future acquisition? I’m Intrigued. Maybe this is some of the pipeline talk we heard so much about...We were told second half of this year should be fun, hope it is for real and doesn’t get kicked down the ol road again. GLTA
www.redcatholdings.com
Finally updated!
Anyone think we’ll see the Q on Monday? I’m gonna go with nay.
Did proxy vote already happen? Edit: NVM, tomorrow is 10th day. We should see a date, yes?
Agreed. Anyone stuck here on the fence of selling probably got out in March.
10Q is due 9/14 - history says they’ll extend it, so who knows.
Probably more of the same between now and then.
I emailed Rotor Riot's media rep to see if I could I scoop up anything on the Renault + RR collaboration and also on the f1 push.
I was told they could not share anything at this time however, he did say he liked the way Renault put it on linkedin - "more to come in the coming months with Guillaume Vergnas (Partnerships Development & Esports Manager - Renault DP World F1 Team)
https://www.linkedin.com/feed/update/urn:li:activity:6699684686370754560/
Regarding other F1 announcements, I was told they will have more news in the future but they are unable to mention anything yet...
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I did some digging around, F1 esports pro series is about to start up in October and go into December. Draft will be held in 3 days on the 27th of august.
learn more here - https://f1esports.com/news/when-does-f1-esports-2020-start/
Last year they reported 5.8 million viewers - also had 169 million social media impressions up 66 YOY%
https://f1esports.com/news/f1-esports-audience-2019/#:~:text=The%20third%20season%20of%20the,F1%20New%20Balance%20Esports%20Series.
This year so far - "over 237,000 participants this year, up from 109,000 participants in 2019, we are seeing incredible growth. We also continue to push boundaries by offering our largest ever cash prize fund of $750,000 which is industry-leading as well as continue to innovate by adapting quickly in the current landscape and operating the series entirely remotely as we look to ensure an enjoyable, but safe, Pro Series this year – we can’t wait to get started!”
https://www.formula1.com/en/latest/article.f1-esports-series-returns-for-fourth-season-in-2020-with-record-prize-fund.3DnTVsG0tMc4EyxbWUemke.html#:~:text=This%20has%20set%20us%20up,we%20are%20seeing%20incredible%20growth.
“The FAA continues to issue new rules and regulations which are designed to build a traffic management ecosystem for drones. For example, in December 2019, the FAA proposed a rule which would require drones to be identified remotely. We plan to build this feature into Dronebox”
RemoteID compliant. An update on where that development stands would be appreciated. Granted this is still years out for full scale adoption but it will be a big thing.
Agreed. I don’t think the k will give us the interest we want but atleast we have rev’s coming in now. And Thompson mentioned the 10k needing to be out to get funding from institutional investors. Let’s see what happens. We know May’s and June’s numbers were up as investor mentioned as we had the investor calls after this time period and things were a lot more rosey.
And the waiting game continues.
And/or to really grow the brand on a mainstream level.
What did you and investor think about the 10k mentioning it being marketed to the military among others? Would like to know more about that one.
Media contact for Rotor riot is jimredner@therednergroup.com
Not sure if they’ve helped Kapper before or a new hire but on the last call Thompson said Kapper would begin marketing dronebox to corporations http://therednergroup.com/ could be helping with this? When you visit dronebox, there is a RR loading screen. So they might be really trying to expand the RR brand...I looked up Renault and blockchain and apparently they have been experimenting using blockchain for certain applications since 2015 with Microsoft *cough*gochains partner*cough* and some others. I’m beginning to think RedChip is being used for Nasdaq connections and Kapper and therednergroup will be handling the branding. Imagine if we could be the official analytic platform for the droneracingleague? They commented on RR last Instagram post. I think there is stuff going on the on background and we have the connections via gochain. The problem is funding, we need the next 10Q. Question is how soon? Good news is the timeline remained the same for dronebox “second half of the year” but as Sam shared his sentiments it does feel like we are left waiting again with no guarantee for the forth quarter. All I know is read gets his shares in Q1 2021, so my guess it will be between now and sometime then when we launch.
The Nasdaq is at ATH’s and trading on crazy speculations, if they can get the branding and valuation up on this thing before or after the election as long as the fed is printing, ’m all for waiting. It could be very worth it.
Report should be submitted today by 5:30 pm ET, I believe? Hope this is the start to great things.
Awesome!
Never mind fixed now.
They changed the grey logo back to the red one on the website earlier this week and now the logo is not visible on mobile but still desktop(still haven’t updated it but signals somethings in the works for it to be buggy right now..Perhaps some creative differences lol)
8/13 allegedly. Past episode of RR monday was sponsored again by DJI so partnership remains intact. That’s all I got.
I wouldn’t want a company I ordered something with cold calling me for my money to invest in them. That’s just desperate and annoying. Thompson said he’d rather have customers who are excited about their products find that on their own. We’ve been stuck here for what feels like eternity but if you think about it this thing is only in the 1st inning to everyone else...
Nonsense indeed. I'll eat my own words this time.
However from a market perspective it's probably best they did. Unemployment benefits are ending and congress hasn't got their act together. Jobless claims are rising. Earnings are a flop, some sort of gravity is taking place today. Vix is up 10%. I agree the show is getting old. I think they were always gonna take their time though why they couldn't just be honest from the get go I don't know. The silver lining is we aren't delinquent. They mentioned specifically doing case studies with DISH network on the last call. RR sales are thriving and have done a couple virtual events with DRL. Things are trading on growth speculation and not reality right now, could they get the timing right with the uplist this thing could shoot aslong as the fed is still pumping money. That's all I can say. Complete bullshit otherwise. I'll cry and curl into a ball should they become delinquent in the next two weeks. I'm still not worried just pissed.
The phone number for the presentation and Q&A tomorrow is +1 (866) 821-0302
Tuesday 6/30 @ 4 pm ET
RedChip sent an email this morning. Bruce @ +1 (407) 712-8965 can also add you to the call as Sam mentioned
Gotrace was released yesterday if anyone cares - https://gochain.io/gotrace/
With regulations changing in the drone industry applying technology like this could be beneficial further down the road. Just a thought.
I can’t speak to the architecture of the software but I imagine it would run off dronebox marketed as some sort of service or plug-in to freemium RR users. At least that’s how I interpreted it. It would keep paying customers close to rotor riot as they receive unparalleled customer and product support. I’m a fan.
They spoke off this briefly in the January press release when we acquired RR so we know they’ve been working on it for months. Perhaps it will get rolled out alongside dronebox or shortly after?
I think we’ll have to see earnings first to really drive some interest but I do appreciate the update from them. Q3 starts next Wednesday, let’s hope this is the turning point. GLTA
Drone Sales Surge for Red Cat Holdings
Red Cat Holdings sees 68% growth in April drone sales
https://www.prnewswire.com/news-releases/drone-sales-surge-for-red-cat-holdings-301081014.html - There is a video too.
ORLANDO, Fla., June 22, 2020 /PRNewswire/ -- Red Cat Holdings, Inc., a Nevada corporation (the "Company" or "Red Cat") (OTC Pink: RCAT), a provider of products and solutions to the drone industry, announced today that its Rotor Riot eCommerce store has experienced high growth since Red Cat's acquisition of Rotor Riot, LLC ("Rotor Riot") several months ago. Specifically, the Company recognized a 68% revenue increase on sales of drones and drone parts in April, compared to March.
Rotor Riot is a hobby-based drone company focused on sales of high-performance drone parts and creation of original YouTube content. On January 23, 2020, Rotor Riot merged with Red Cat, a public company investing in the future of drones.
Since January 2020, Rotor Riot has seen a 32% increase in total sales; a 28% increase in online store sessions; a 51% returning customer rate; and a 70% increase in average order value. This underscores the value of eCommerce, even in a difficult economic climate.
Jeff Thompson, CEO of Red Cat said: "It is great to see Rotor Riot continue to develop in such a unique way. Since taking over their own fulfillment in September, Rotor Riot has been able to apply more focus to its vision of providing complete performance drones. This new autonomy has led to the best sales month in company history. We believe the Rotor Riot and Red Cat partnership will continue to rapidly grow."
As it stands, Rotor Riot and Red Cat are working on a troubleshooting platform intended to help drone pilots fix and enhance the performance of their drones. Rotor Riot's team of specialists and Red Cat's DroneBox software are being pooled together for the project.
Red Cat is also currently working on a secure blockchain-centered distributed storage, analytics, and software package for the service drone industry.
With the drone market poised to be among the fastest growing tech markets, more and more people of all ages are buying drones and drone accessories. Drones are growing in popularity in uses ranging from aerial photography to content creation.
Rotor Riot and Red Cat are both thrilled about the spike in online sales and look forward to seeing where 2020 takes the combined company. With new projects already underway, 2020 is shaping up to be an exciting year for both Rotor Riot and Red Cat.
Granted we have a way better balance sheet and a better business model. What I’m saying is why make noise before NASDAQ? I’m not sure if you’ve been following the other red chip companies but some of them have been ripping it lately. They said Q3, we’re almost there.
Have you seen dragan fly’s stock during the pandemic? All they’ve done is bark and the stock has done nothing.
Something to note - GoChain is announcing some big news next Friday - I believe it’s the roll out of GoTrace which makes supply chains more transparent and increases audibility. It would make sense if RCAT is going to implement this platform as it would track and verify any of it’s merchandise on blockchain...GoChain is currently working with Gentag to authenticate COVID19 tests...This has real world applications and at government level too. Everything is backed by proof of reputations by large business and institutions to create trusted data...
Also from the past couple of months - RR hosted a handful of virtual sim drone racing league try outs. It’s nice to know they are working with players in the industry... Yes, no news is getting old from RCAT but other things are going on in the background and at the end of the day it’s always stakeholders over shareholders. If they wanted to dilute this to zero they wouldn’t have waited a year to do it...Just my two cents...
I think we’ll be rewarded nicely. Stock is basically trading at 10 x RR rev’s with no growth assumption @ 1.34$...If shares do become available closer to 1.00$ again, I might have to pick some more up other than that I’m locked and loaded and happy with my position.
I’ll let the kids try to short this for beer money while we wait.
That was me =) I couldn’t get them to fill my order as a whole so I had to chip away at the ask to get them to sell. Today was my final add. I now own a total .36% of public float. GLTA
They told us 45 days. That’s this Friday I believe. They also stated we should hear about our new sales force in 45-90 days. They’ve stated the second half of the year multiple times, we’re just getting there. Stock is trading at December levels, they aren’t desperately releasing news either. No signs of recent dilution. NASDAQ IPO’s remain heavily active. We know April YOY was 30%, other businesses sales are decelerating ours are growing. We are attractive. Let Thompson play the cards, I’ll start to worry in another 45 days.
lol nice cover on your short at 3:06 pm. Hope the 25% loss was worth it....
Just a tip - You need volume and interest to short...Two things this stock does not have LOL
Not that we are aware of at this present time.
They presented at HC Wainwright global in September and twice at LD micro, invitational and main event. Since then we have acquired RR and have shown revenue, the pipeline should appreciate the progression.
Not sure if anyone has been following HC Wainwright but even in the month of May they still funded companies with roughly 3 billion dollars - https://hcwco.com/transactions/
Nice to know they haven’t slowed down through covid - Let’s hope we’re next up. GLTA
+1 excellent find, 45 day mark will hit in the next couple of weeks. We should be hearing something soon.