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There were about 30 posts pumping Redcat just before the volume spiked. Much higher posting than usual - clearly a pump move. Not sure on who is dumping. But yeah -it looks like it’s happening
Wow volume from no where and a pump on Stocktwits. Something is shaking the trees
Well that felt better. Was just able to tweek Kapper on Stocktwits about hopefully releasing Dronebox soon. I hope that he responds
Oh I so agree. This was such a good opportunity. I would think
Oh I so agree
I assume nothing newsworthy at the Nasdaq closing ceremony. Did anyone watch? Anything news worth knowing? GLTY’all
Unless there was accompanied news, big deal (sarcasm) on the ringing of the Nasdaq bell 2morrow
Sorry the name of the poster was Earnings Calendar IO - not IPO:
https://stocktwits.com/EarningsCalendarIO/message/333997838
Usually it would be 6/15/21. Typically, they post a filing for a delay of a few days (this has gone on for years in this fashion for quarterly reports. Thus typically the filing would take place around the 21st. Thus my surprise when Earning Calendar IPO posted 6/4/21 as the release date. Do I believe it. Probably not. However, if it is so, then it would be out of the ordinary and thus notable.
So per a posting on Stocktwits, the annual report looks like it will be 6/4/21 and not 6/15/21. If the is true (which I have been conditioned to doubt base upon the past) this would be welcomed news.
A Shark byte update from Fatshark. Nothing amazing imo, However , I like the fact that they are moving the ball forward and keeping the public informed. GLTY’all!!!!
https://mailchi.mp/a9b0f386a013/development-update-shark-byte-may-20-201
So no comments on the s 8 filing. I have no clue - other than more monies sought. May me something big going on. Any input?
“Title of Securities to be Registered
Amount to be Registered
(1)
Proposed Maximum Offering Price Per Share (2) Proposed Maximum Aggregate Offering Price (2) Amount of Registration Fee
Common Stock
$0.0001 par value
8,750,000
Shares
$2.75
Per Share
$24,062,500
$2,625.22”
They got the paint brush out at the end of the day and painted it red. No manipulation going on here lol.
So a director buying 11,000 shares cannot be a bad thing imo - GLTY’all
This has been the description for some time. It’s time to release it soon I hope!
Well that was a quick education. Was not aware of a shelf offering before. This seems to be a good sign in preparation of a possible Dronebox release, imo. Learning on the Fly (yes a bad pun) Lol
I’m not what today’s filing means as I thought that share were locked up for 6 months. I mean 100mil. Wth!!! Any thoughts?
No “content” here. However, from experience (right Investor) it’s no loss until you sell. Not that I’m at a loss year to date - however, I am staying the plan and expect good things at some point. GLTY’all
Do balloon. You think this will rise. Pun intended. Lol
I mean there are many good associations. The problem is ( as has been the case for some time) lack of visibility. I am glad that P R’s are coming out at this time. I’m thinking that the next quarterly report will hold some good news regarding income. However our bullets in the chamber are dwindling. It’s time for the co to shake the tees and call attention to us. Not sure what that will look like
Thanks. Good to know
So I’m am experiment I am placing a bid to sell a few. For some reason I do not show up on level 2. Any ideas? I placed my did in an area that no one is near thus thinking that it would pop - nothing
Your shift?
Lol - Pissa
To quote a famous Maine saying. It’s just a pizza to watch this dip. But hey. I’m not going anywhere - lol
Wow a 41k order after hours!
I like the following from today’ announcement.
"We have allocated a portion of our recently completed financing to building an enterprise sales force which will be focused on increasing market awareness of the compelling solutions offered by Skypersonic" noted Joseph Hernon, Chief Financial Officer. "We believe that Skypersonic will be a significant contributor to revenue growth in our new fiscal year which started on May 1, 2021."
Also:
"Industry leaders like General Motors and Aramco are already customers of Skypersonic and we expect their customer base to grow significantly over the next twelve months."
Let’s hope for this sales force to be effective. GLTY’all!!!
Yeah - we wait. So used to this. lol.
And on the Fatshark front from Facebook:
https://mailchi.mp/2d66c455f56a/development-update-shark-byte-may-5
Maybe the Skypersonic acquisition will gain us some steam. That is if they have a specific amount that they are bringing in. I’m thinking that proven money makers will be the driving force. I hate to project, however the quarterly statement in June may be the hard data news to show actual income earned vs projected. Even then, this income will only reflect Fat Shark income to that point. I’m just trying explain the dip so far. I mean there are so many things looking good on paper. I think it needs to play out. Any thoughts?
Well so far the p r did not capture the public’s imagination. I guess the Skypersonic acquisition is next and then the quarterly numbers in mid June. This downward pressure is way too familiar
Thanks Doc/ BTC
And we now see some of the funds being put to use with a letter of intent. Looks like we are bolstering our overall approach to the industry needs.
“Liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone.”
Also it couples well with Skypersonic’s vision.
“LuGus Studios is an award winning team of software developers that produce clever on-line games which can be leveraged beyond just entertainment to provide critical educational and development applications for business. LuGus is planning to launch Liftoff Academy, a more expansive training platform which will teach drone pilots how to fly in various industrial environments including oil and gas pipelines, cell towers, and automotive manufacturing plants.”
The specific application sounds like it fits very well with Skypersonic doesn’t it!!!
I like that we are evolving our niche into something special and inter related. Imo. The more programmers will also help solidify other areas of the company and maybe helps get Dronebox more ready for release soon with improvements and the ability to adapt. Hope that the pps reflects the same and “liftoffs” . GLTY’all !!!
In case there was a problem with the lync, the article is listed below:
RED CAT HOLDINGS ANNOUNCES CLOSING OF $16 MILLION PUBLIC OFFERING AND NASDAQ LISTING
Download as PDF MAY 04, 2021 6:16PM EDT
HUMACAO, Puerto Rico, May 4, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, today announced the closing of its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $16,000,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount. All of the shares of common stock are being offered by the Company.
Red Cat Holdings Logo (PRNewsfoto/Red Cat Holdings, Inc.)
The Company will use the proceeds to provide funding for service, sales, and marketing efforts for its Red Cat Drone Services, strategic acquisitions and related expenses, and general working capital.
ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-253491) relating to the shares was filed with the Securities and Exchange Commission ("SEC") and became effective on April 29, 2021. A final prospectus relating to this offering was filed with the Securities and Exchange Commission on April 30, 2021. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained by contacting ThinkEquity, 17 State Street, 22nd Floor, New York, NY 10004, telephone (877) 436-3673, email: prospectus@think-equity.com. Investors may also obtain these documents at no cost by visiting the SEC's website at https://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
And we have a closure to the public offering
https://www.redcatholdings.com/
This was the breakdown of intended usage of monies from the uplift monies:
Amount Percent
USE OF NET PROCEEDS1 $ 14,504,318 100 %
Service, Sales, and Marketing Efforts for Red Cat Drone Services2 $ 4,641,382 32 %
Strategic Acquisitions and Related Costs3 $ 6,962,072 48 %
Working Capital4 $ 2,900,864 20 %
TOTAL APPLICATION OF NET PROCEEDS $ 14,504,318 100.00 %
1 Reflects estimated offering expenses, underwriting discounts, and commissions payable by us and assumes no exercise of the underwriters? option to purchase additional shares of our common stock.
2 We intend to use approximately $4,641,382, or approximately 32% of the net proceeds of the offering to build out our sales, marketing and customer support team for our Red Cat Drone Services and Drone Box licensing.
3 We intend to use approximately $6,962,072, or approximately 48% of the net proceeds of the offering to fund due diligence activities and acquisition costs for businesses accretive to revenues and complimentary to our corporate capabilities.
4 We intend to use approximately $2,900,864, or 20% of the net offering proceeds, for working capital and general corporate purposes.
The actual allocation of proceeds realized from this offering will depend upon our operating revenues and cash position and our working capital requirements and may change.
Therefore, as of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to be received upon the completion of this offering. Accordingly, we will have discretion in the application of the net proceeds, and investors will be relying on our judgment regarding the application of the proceeds of this offering.
Pending our use of the net proceeds from this offering, we intend to invest the net proceeds in a variety of capital preservation investments, including short-term, investment-grade, interest-bearing instruments and U.S. government securities. We anticipate that the proceeds from this offering will enable us to become cash flow from operations positive.
You are back. Last time I remember you was when Timefire was pushed down mercilessly. Let me guess, I should sell.
Good Morning peeps! Let go Nasdaq Rcat!!!
But hey. The delays are working to our advantage - in that the launch point is higher