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New 8K states RR was acquired 1/23. Patience boys, Our day is coming.
*Double post* Sorry.
Patience. I remember even a few months ago I was beginning to grow thin but investor reminded me we’ve already have been here for 2 years, what’s a little bit more? This has something working for it, we all feel it. It’s coming.
I think we’ll see it in Q2 with a million in revs. Don’t forget they are waiting for the FAA ruling and SaaS launch, the longer we wait the closer we are to that. Also there’s a protest happening next weekend and RR will be there. Will be good publicity on their part to be there. I imagine things will get moving forward in March with the website as we grow closer to Q2. Things do take time, this is an investment and not a quick trade. We’re close, don’t lose hope. If they really are preparing for a NASDAQ listing then interest here really doesn’t matter, it will have it’s day(I have to remind myself this sometimes too as my patience grows weary sometimes as well)
If you’re ever in Boston I’ll buy you a beer hahaha
Correction they did get involved during the read era as well
https://fintel.io/so/us/tfvr/cavalry-fund-i-lp
They funded timefirevr in 2016 with 1.5 million before read was the CEO(who knows maybe it was at his direction). I believe it was Hudson Bay who got involved late during reads reign.
I agree with sonofab on them being a predatory lender. Not liking it either.
Cavalry now owns 3% of the OS. That’s what I got. Maybe we needed to raise some funding to complete the merger? Would they have needed to file an 8k by now? Not entirely sure either.
Drone Technology Company Is in the Limelight Amid Data Security Concerns
https://www.streetwisereports.com/article/2020/02/12/drone-technology-company-is-in-the-limelight-amid-data-security-concerns.html - Posted 2/12
As worries over drone data take center stage, Red Cat Holdings' blockchain technology offers security and integrity of data.
Drone data security has become a hot issue. The Department of the Interior last fall grounded its 1,000-strong drone fleet and in January announced a permanent halt to the use of drones because of security fears over the use of data generated from equipment made or partially made in China.
Protection of data has become a major security issue and small-cap Red Cat Holdings Inc. (RCAT:OTCMKTS) has a solution using blockchain to protect data. In an interview with Commercial UAV News, Red Cat CEO Jeff Thompson said, "when a government, any government, has to go through the same process and usage model as a consumer, including giving your data to a company in another country, that's a huge concern for governments across the globe. It's a big deal. Red Cat is trying to do something very similar to what Apple has done with its own devices: it's your device, so it's your data and no one else should ever be able to see that data unless you want them to see it."
"There are a lot of companies globally who don't want their data to be tied to the manufacturer, regardless of origin," Thompson stated. "We need to cut that cord between the drone manufacturer and that data being collected and generated by the drone. Drones can do useful stuff for many governments across the globe, but that data has to be protected and secure and cannot be accessible to other governments who might use that data for bad things."
Red Cat has been addressing this issue, "trying to make it so that drone manufacturers, through their process, can enable Red Cat to put the drone owner/operator in control of their own data, and make it so it cannot be accessed unless that drone operator wants it to be accessed," Thompson said.
Blockchain is a distributed ledger, where data cannot be changed, so the data is trusted and is also secure because "you have to have the correct key to connect to that blockchain," Thompson explained.
"We are looking for ways to help manufacturers of flight controllers and CPUs have that capability to do all the encryption while it is flying so that the data is 100% safe and only accessible to the owner of that drone, regardless of the origin of the manufacturer," Thompson said. "If your drone, regardless of the manufacturer, falls out of the sky into a place you didn't want it to go, if someone finds that drone, that data is 100% useless to them."
In addition to Red Cat's blockchain platform, the firm is growing by acquiring Rotor Riot, which provides first person view drone content to drone hobbyists. "Combining our companies will further align our SaaS platform and data capabilities with cutting edge hardware available today and provide a solid foundation for us to develop and engineer new and exciting technologies," Thompson stated.
Technical analyst Clive Maund has been following Red Cat and wrote on January 9 on CliveMaund.com, "Red Cat is a leading company in the fast ascending drone sector, and its stock appears to be in position for lift off, which is why we are looking at it now, and the fact that it is off the radar of most investors should mean that it has even more upside potential, but once it gets moving it should create a considerable buzz of interest."
"Red Cat has developed sophisticated onboard black box data storage and analytics software that creates a data log of all flight info which is encrypted and therefore cannot fall into the wrong hands. To those with legitimate access, all data with respect to flight duration and tracking and of course imagery, is accessible," Maund explained.
As far as the company's stock is concerned, Maund wrote, "there are about 17 million shares in issue, of which only about 2 million shares are free trading, with the vast bulk of the shares being held by associates of the company. It is understood that the company will be looking to list on the NASDAQ which will obviously greatly raise its profile, and to this end it is likely to do a small funding, much of which is likely to be taken up by those close to the company."
"So this is a company that is almost completely unknown, but yet whose profile is set to be raised considerably, especially when it gets listed on the NASDAQ, and it is set to be very well positioned once the merger with Rotor Riot is complete and the new FAA legislation is introduced, which Red Cat will be in conformity with from the outset, without having to do anything," wrote Maund.
On February 3, Maund noted that Red Cat shares are "showing remarkable resilience, for on Friday [January 31] it rose 25% on a day when the Dow was down over 600 points, which is an indication that it will probably be little affected in the event of a general bear market and could perform very well anyway for its own reasons."
Good to see you’re still here! GLTA $RCAT
Why Red cat could be the next drone leader
Nevermind lol seems to be picking up
Any chartheads liking what they see?
Yes, I’d like more volume but I appreciate the walk up
New interview with Jeff Thompson from ld micro main event (from December)
I agree. Did some DD on Facebook and Camden said Kapper was going to New York to speak with the marketing firm sometime later this week to make sure they are clear about RCAT and RR’s vision. Maybe they are holding off until after that meeting? There’s so many elements here, they really want to please and show the fpv community that they still love the hobby and are actually trying to save what will be left of it.Some of their followers are aboard that train some don’t see it that way. How they portray that image will be important going forward.
I’ll grab some of these cheapies while we’re still down here.
Thanks for posting! I never heard this, great find!
Drew Camden said RCAT is taking him to Washington to talk to senators on the Facebook group, maybe they got in contact with senator Mike Lee?
Seems like it’s in the hobbies best interest to fight for the 200 FT act. Obviously the FAA regs are threatening to their business and it makes sense for them to fight it. I like the fact they are working with DJI and focusing their equipment to work with their components. If the US really bans building your own drone, then maybe RR through it’s partnership with DJI can become one of the authorized US drone manufacturers/authorized dealers of drones or components (hypetrain motors could begin to develop bigger motors for commercial drones?)
There is so much going on here with all the regulations, it will be interesting to see what is decided. I think RCAT is trying to hit both sides - commercial and the individual market. It would make monetary sense to fight the FAA for drone freedoms. If they can continue to amass data from the fpv market and commercial market they can continue to use it for data analytics. This company has crazy potential will be interesting to see this one play out. GLTA
RCAT makes NASDAQ by or during 21’, that’s my prediction.
As for results of this? Maybe we hit the 4 or 5’s? Probably settle in the 3’s. I think SaaS release is what really sends this.
New CFO was Jeff’s CFO at Towerstream - ”competent in dealing with complex financial and accounting rules and transactions including Sarbanes Oxley, Securities and Exchange Commission (SEC), and Nasdaq. Integrally involved in more than 15 separate public and private placements of securities totaling more than $200 million including an initial public offering (IPO), common and preferred stock, and debt financing. Strong mergers & acquisitions (M&A) skills and experience.” -LinkedIn Bio
While I don’t disagree about the possibility of diluation, I personally don’t believe it’s coming or nowhere near the extent you fear. Thompson has been nasdaq listed before and raised over 180 million. I think he deserves some credibility for that. He seems to know what he is doing so far through these two acquisitions and I see no reason to blame/compare tfvr’s failures on him.
This has been a well thought out start up from the jump. To those that have mocked the company over being located in PR probably aren’t aware of the islands research and development 50% tax credit. They are taking advantage of ACT 20, ACT 22 and ACT 73
http://puertoricotaxincentives.com/
Do you really think read would have signed the company over if he knew his 50,000 shares post split would be worthless? Doesn’t seem logical to me at all. YES, this is purely speculation and YES we all got burned 2 years from dilution but if you look at this from a real business standpoint and not an overnight OTC pump, things have been moving in right direction. By 2021 we could really have something here. Don’t forget about hc wainwright, these guys loan out close to a billion dollars to companies each and every quarter. We still haven’t heard a word about financing, if we just run with RR revs for the year and receive financing Q4 or Q1 21’ we could be talking 50 - 100 million in financing. Laugh but that isn’t far fetched, they literally throw 100’s of millions at biotech with weak balance sheets like it’s nothing. Why destroy the stock before it even gets started? I just don’t see Thompson doing that.
Bottom line, I don’t know what the future holds and I could be totally wrong but after all the countless hours of DD I’ve done, RCAT seems to be a legitimate investment opportunity. They haven’t given me any evidence to think otherwise. GLTA.
Excellent DD! Figured it was something of that nature. Thanks for getting in touch with Dave.
Here is the screenshot of Drew Camden’s post on Facebook
https://imgur.com/a/YgMcI14
IMO, damage control most likely. Some in the fpv community do not trust RR or RCAT right now. That video had atleast 50 dislikes.
If you follow RR’s Facebook group, people were/are not happy about RCAT’s twitter links to past articles that spoke on the the dangers of drones and the need for regulations. The fpv community does not like their hobby portrayed as a threat. Chad Kapper will be Chief marketing officer of RCAT going forward (says drew Camden president of RR) and I imagine they will start trying to win over of the hobbyist more.
The truth is regulations will be put in place no matter how hard the hobbyists push against it and will have to conform to it somehow. Might be hard to swallow pills for some but that’s just the honest truth. Their hobby is changing and people don’t like it.
GoChain congratulated RCAT for the merger on twitter today, surely we must get a filing and press release either today or Monday morning?
New red chip quick point rcat video @
“I work with many of the companies that would be RedChip companies. And we certainly ascribe to the same view that the RedChip Companies do, which is discovering tomorrow's blue chips today.
NASDAQ is truly pleased to be a trusted partner of RedChip, to help them increase your visibility, not only for RedChip, but most importantly, also for all those companies that you serve.
Bob McCooey, Senior Vice President The NASDAQ Stock Market”
Don’t forget they said they are working towards the Nasdaq a few couple months ago. if we can get that 5-10 million in revenue this year with SaaS launch, we could be listed by 2021 which is also the same year reads options come into play if my memory is correct...
Do your own on DD and invest at you’re own risk
”Red Cat Holdings (RCAT) is a client of RedChip Companies, Inc. RCAT agreed to pay RedChip Companies, Inc. a $5,000 monthly cash fee, beginning in January 2020, for three months and a $10,000 monthly cash fee thereafter for nine months, plus 50,000 shares of RCAT Rule 144 stock for 12 months of RedChip investor awareness services.“ - bottom of rcatinfo.com
- We have their services for a year
Also it looks like redchip helps with uplisting among other things.
Company / CEO looks legit, you can read what current / past employee’s have said here https://www.glassdoor.com/Reviews/RedChip-Reviews-E216834.htm
You are correct. It was a 200 k drop, I even wrote hovering around 400 (meaning 397* in my mind hahaha) no idea how I got/wrote a 100 and not 200 LOL ugh
Rcatinfo.com states black box is patent pending for those who were wondering about patent a few months ago. Can’t wait for the SaaS rollout, I’m guessing it will be Q2. GLTA
Interesting RCAT LinkedIn post @ https://www.linkedin.com/company/red-cat/
- After the October "assessment period" where Chinese drones were temporarily grounded, this news doesn't come as a surprise. What does this mean for U.S. Drone manufacturers and the future of Chinese-made drones in America?
Post -
https://www.photobox.co.uk/my/photo/full?photo_id=502620962756
Article -
https://www.thestreet.com/latest-news/dept-of-interior-to-ground-chinese-made-drones
“Intellectual property and technology transfer reforms are among the promised changes included in the phase-one deal, which is slated to be signed by both nations on Wednesday”
Not many shares left of that recently added 100 k. Looks like this load up should be over by tomorrow or Wednesday.
Smart move would be to replace read from the board with chad kapper.
Unrestricted shares are now at 597,299. I believe that’s a 100 k increase? I haven’t looked at it in awhile but I believe it was hovering around 400 k last time I checked.
If anyone wants a look at rotor riot’s Florida HQ -
https://redcatpropware.com/ is under construction/waiting to update.
Also did anyone else see gochain working with Lenovo today?
https://gochain.io/lenovo-blockchain-node/
I doubt they think they would have partnered with us if it wasn’t worth their time.
RCAT $1.50 Drone industry!
RCAT And Rotor Riot merger in Drone Industry!
Reverse Merger with company CURRENTLY producing 2.4m in revs per year and YOY growth of 44% in the drone industry! Plus, have software that is about to be launched working with FAA and companies to track all drones similar to air traffic control. Very huge growth industry moving into the future!
Companies expect deal to go through mid-January - GET IN NOW!
https://investorshub.advfn.com/Red-Cat-Holdings-Inc-RCAT-3864/
Red cat to acquire Rotor Riot
https://www.globenewswire.com/news-release/2020/01/03/1966171/0/en/Red-Cat-to-Acquire-Rotor-Riot.html
Company announces merger agreement with leader of high-performance FPV drone technology
SANTURCE, Puerto Rico, Jan. 03, 2020 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (OTC: RCAT), a leading provider of distributed data storage, analytics and services for the drone industry, today announced it has entered into an agreement to acquire Rotor Riot in a stock and cash transaction. The companies expect the deal to close in mid-January.
“We believe this deal is another significant milestone in our strategy to fuel rapid growth,” said Jeff Thompson, CEO of Red Cat. “Rotor Riot is not only a leading provider of FPV and drone racing hardware, but the company is also a trusted resource and deeply embedded in the global FPV community. Combining our companies will further align our SaaS platform and data capabilities with cutting edge hardware available today, and provide a solid foundation for us to develop and engineer new and exciting technologies for both the drone hobby lifestyle and commercial industry.”
Rotor Riot’s revenue grew approximately 44% year-over-year from 2018 to 2019 to approximately $2.6 million. This transaction will provide the resources and combined expertise to drive further growth for both companies. Red Cat will continue to build and accelerate its drone black box and SaaS business and utilize its existing data analytics platform to develop a robust customer support system for Rotor Riot. As part of the deal, Chad Kapper will continue as Rotor Riot’s CEO.
“We have unwavering confidence in the Rotor Riot team to continue building their brand, loyal community, and market-leading products under the steadfast leadership of Chad Kapper and Drew Camden,” added Thompson.
“Rotor Riot was started from the ground up to be a premier source for FPV freestyle drone content and products for the hobby and sport,” said Chad Kapper, CEO of Rotor Riot. “We’ve built a large online subscriber base and our goal is to continue to educate, entertain and inspire the FPV community.”
“As an FPV pilot myself, getting to see Rotor Riot into this next phase is exhilarating. Our dream is to bring FPV drone sports to the mainstream by inspiring people to embrace this hobby and help them overcome the barriers to entry. It’s exciting to partner with Red Cat because they share this vision and their resources will help us double down on our efforts,” said Drew Camden, President of Rotor Riot.
In 2019, DJI, the market leader in easy-to-fly drones and aerial photography systems, made a significant entry into the FPV space with a new system that is helping more people than ever get into hobby. Rotor Riot worked closely with DJI to create content that demonstrates the new system’s capabilities and both companies plan to further support each other moving forward.
Following this partnership with DJI, Rotor Riot saw record sales during Q4 2019. Rotor Riot also furthered its expansion into the mainstream consumer retail market with its wired video game and drone controller now also available in the Apple Store and Best Buy.
On the professional FPV racing front, Rotor Riot Team Pilot Alex Vanover won the Drone Racing League World Championships on December 29th, 2019. Alex is the youngest pilot in DRL at age 19, with MultiGP National Championships to his name. The Rotor Riot gear and set up that Vanover uses can be found here: https://rotorriot.com/collections/captain-vanovers-setup.
About Red Cat
Red Cat (OTC: RCAT) is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations. Red Cat's success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visit www.redcatpropware.com.
Forward-Looking Statements
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The Company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.
Investor Relations Contact Information:
Red Cat Inc.
Cobian's Plaza,
1607 Avenida Juan Ponce de León,
San Juan, PR 00909
Investors@redcat.red
PR Contact Information:
Todd Barrish
Indicate Media
todd@indicatemedia.com
917-861-0089
Quick ratio looks decent without product launch. How long they can sustain that is the question.
What surprised me was the warrants at 60$ per share - that would put our market cap at 1 billion. I guess we wait more...Disappointing, yes. Disaster, no.
Red Cat to present at ld micro MAIN EVENT December 11th (same date Q3 earnings is listed as coming out)
The last time we presented at ld micro we released the LOI to acquire RR...GLTA
https://www.bloomberg.com/press-releases/2019-12-04/red-cat-holdings-inc-to-present-at-the-ld-micro-main-event-xii
Whoever is trying to short this is going to learn how hard it is to pick up shares down here lol. 550+ Shareholders have been stuck here for two years, don’t see anyone left selling here. GL bud.
Correction - One of them now works for mapbox as a senior backend engineer as of a month ago. Still not concerning to me if anything encouraging as it shows we have/had competent talent working for us.
Doesn’t really concern me all that much, LinkedIn profiles still say they are present at red cat.
Ditto. Let’s hope our Christmas gift comes early this year.
Q3 announcement now 12/11
https://www.bloomberg.com/quote/RCAT:US