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Consistently late.
You’re right they’ve been at least consistent with that. Fingers crossed but I think you two will be right.
I’m 50-50, checking edgar every hour lol
Logs are stored on cloud.I believe software would be installed on a chip. On the droneradio show Jeff Thompson talked briefly about 5G and RCAT as Matty just said.
I haven’t thrown in the towel. Like I said the potential here is real. This has way more going for it than most bio stocks. It just gets frustrating every time we get closer and closer to something. At the end of the day it’s still Q4 and I will continue to do my DD in the meantime. GLTA
My feelings too. I thought we were finally gonna get something of substance this week ugh.
I suppose if we locked up financing from hc wainwright it wouldn’t matter if the stock dipped down. I started following their Instagram page hcwco and they invest some serious dough into companies. Idk, this stock is either the worst investment of my life or will turn out to be the best one I feel like. The potential is here but man is this thing aggravating. I just want closure already, we’ve been here for two years.
https://www.bloomberg.com/quote/RCAT:US
Q3 earnings announcement now showing 11/26/2019
https://www.bloomberg.com/quote/RCAT:US
Says Expected11/12, we’ll see. Fingers crossed, GLTA
The only thing that is almost comforting thing down here is the that Read’s RSU shares are two years away (Unless I remembered/read it wrong)
This is purely speculation on my part but don’t forget he and the other board members received their RSU shares presplit. I believe he is holding roughly somewhere around 300 k shares post split (once again could be wrong, I’m at work and don’t have time to read the filings as this is just from memory) I highly suspect someone like our boy J Read would be looking out for HIS own best interest and by best interest I mean money. I don’t see him trying to cash out 300 k shares at 0.01, he wants another payday not to cash in 3 grand worth of stock.
Just a thought. Could very well be wrong too.
GoChain twitter just posted an interview with their CEO and Jeff Thompson. I haven’t been able to listen to it as I am currently at but here’s the link if anyone is interested
I’ve never stated the LOI with RR has gone through.I did provide a link to owler however that lists RR as a RCAT subsidiary which I thought was intriguing...You’re welcome to browse my past posts for that link.
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000
NASDAQ application won’t get filed until we have those 4 million in assets and we get back above 3.00. I’m assuming that’s where the RR play and us going live with our blackbox comes in.
Who knows what will actually happen? Guess we have this quarter to find out.
GLTA
I asked the same a couple months back. The only thing they have remotely close Is “aerospace defense services”. This definitely needs to be moved somewhere. We use blockchain technology for encryption purposes but that’s only one element of RCAT software.
Investor, can we think about listing this under software?
The article states the black box is in beta and will be go commercial by the year end.
RCAT working towards NASDAQ listing
https://www.streetwisereports.com/article/2019/10/24/red-cats-black-box-for-drones-preparing-for-take-off.html
And just to clarify my last statement I’m not defending this period of silence. I’m just stating the fact that we might have to realistically wait some more.
Ditto. I think we will find out in that Q3 earnings (expected release date 11/12)
I posted this link sometime ago but I think it’s extremely important as RR is listed as a red cat propware subsidiary.
https://www.owler.com/company/rotorriot
Not entirely sure why the wait or lack of pr but they also mentioned trying to close at least 2 or 3 acquisitions by the year end. This would be one. The timing of everything might be orchestrated around each other. We have 2 months left of Q4, so if anyone is impatient you might want to grab a chair.
And as always, Do your own dd & invest at your own risk.
Should’ve been a detective...Obviously it means nothing if the LOI doesn’t go through but could be a diamond in the rough (hypetrain that is)
GLTA
Crickets indeed. Definitely thought we’d hear something by now.
I’ve continued to do my dd in the meantime and today(trying to find any information on RR’s potential revenue numbers) I thought about who manufactures/owns some of these products sold on their website. I came across hypetrain motors.
https://www.hypetrainfpv.com/
Does anyone know if they are subsidiary of RR? All the information points to RR but I would love confirmation. For those that don’t know their motors are sold by most fpv drone retailers. The revenue from that stream alone could raise some eyebrows. Anyone know for certain?
Q3 earnings expected to be released 11/12
https://www.bloomberg.com/quote/RCAT:US
It’s on H.C. wainwright’s twitter from two days ago. You can also search for $RCAT and view latest. I couldn’t view the presentation as it asks you to login and I do not have an account with them =( however I thought it was worth posting
Not sure if anyone else saw this yesterday but UPS now operates America’s first drone airline. Aviation history is in the making.
https://www.businessinsider.com/ups-is-now-operating-the-first-national-drone-airline-2019-9
Our big Q4 starts tomorrow. I imagine we will start to hear news pretty soon, GLTA.
Indeed. I highly doubt they would risk their reputation/waste their time on red cat at this point. I think this speaks to the legitimacy of our software.
DO YOUR OWN DD AND INVEST AT YOUR OWN RISK.
Found this article on some of gochains partnerships/projects from a few months ago.They are working with dish network and microsoft. Interesting read.
https://www.altcoinbuzz.io/crypto-news/partnerships/gochain-partners-with-3-major-companies-and-it-goes-unnoticed/
Link to gochain and microsoft -https://medium.com/gochain/decentralized-identity-proof-of-concept-with-microsoft-unified-support-the-diploma-f6d421ce4894
Just so we're clear my investment is currently sitting at -81.63%. There's alot of us that got stuck here during the crypto crash, not just you.
I personally think Read was in over his head "acting" as a ceo and should have never been in charge.I think his only plan b was to just sell our assets until the market rebounded, which it did somewhat but by that time we we're already bankrupt. His neglectful spending got us here and my optimism got the better of me. I'm angry too but part of that was my own fault.
Jeff Thompson is not Read though. He is accomplished and has raised over 40 million before. He's not stupid, he's not gonna lie about presenting at a conference or lie about a partnership with gochain.
He's not gonna begin red cat off by scaring people off when there is already no interest thanks to read's handling of tfvr.
Do your own dd and INVEST AT YOUR OWN RISK.
I disagree, I think red cat looks very legit. Definitely more so than most here. They said product would be out in Q4' why not just wait another month or two to see what happens?
Check out GO_CHAIN instagram account, they announced partnership with red cat with a link in their bio!
https://gochain.io/red-cat-drones-selects-gochain
Red Cat Partners with GoChain for Blockchain-Based Drone Data Storage, Analytics, and Services PlatformGLOBENEWSWIRE - 8:47 AM ET
SANTURCE, Puerto Rico, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (RCAT) , a leading provider of distributed data storage, analytics and services for the drone industry, today announced it has partnered with GoChain, a provider of scalable blockchain solutions for enterprises, NGOs and nonprofits. As part of this partnership, Red Cat (RCAT) will integrate its blockchain black box and distributed storage system onto the GoChain platform.
Red Cat (RCAT) developed the industry’s first blackbox flight recorder and distributed system for drones with security and encryption that regulators and insurance companies can trust. The platform includes several integrated systems that enable industry regulators to track and review drone flight data, insurance companies to insure drones with reliable third-party data, and pilots to ensure they stay compliant with regulators.
“In 2018, Red Cat (RCAT) set out on a mission to build the first native blockchain black box analytics platform for the drone industry. We are pleased to announce we have delivered on that mission,” said Jeff Thompson, CEO of Red Cat (RCAT). “With Amazon, Google and UPS currently building large commercial drone fleets, we believe our analytics platform will provide security and data transparency for the entire industry. Experienced partners like GoChain allow us to immediately and easily deliver the technology to our customers with speed and scale, a crucial step as we move towards our commercialization later this year.”
GoChain will provide the infrastructure for Red Cat’s distributed storage where encrypted drone data (GPS coordinates and logs, video and photos, telemetry logs, etc.) is secured and stored on a blockchain, enabling compliant operations and data privacy for pilots. The reason for blockchain is the increased need for solutions that regulators, insurance companies, pilots/enterprisers with drone fleets, and drone service companies can rely on for immutable data—especially with the increase of FAA approvals for commercial drone deliveries.
“With more companies like Amazon testing drones for delivery, Red Cat’s black box technology is critical to receiving approval from aviation regulators around the world. GoChain is proud to provide Red Cat (RCAT) with a blockchain platform that will facilitate their data transfer and streamline the distribution and exchange of data to B2B partners while ensuring compliance,” said Jason Dekker, CEO.
About Red Cat (RCAT)
Red Cat (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 (RCAT) 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 (RCAT) success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place. Red Cat (RCAT) is headquartered in San Juan, Puerto Rico. The company’s ISIN number is US75644T100. For more information, visit www.redcatpropware.com.
About GoChain
GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO.
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 for Red Cat (RCAT):
Todd Barrish
Indicate Media
todd@indicatemedia.com
917-861-0089
Image: RedCat.png
Source: Red Cat Holdings, Inc. (RCAT)
$RCAT latest tweet
"China, and in particular Shanghai, sees great opportunity in the drone industry. This week Red Cat's CEO, Jeff Thompson is traveling with Roto Riot's, CEO Chad Kapper to meet with potential partners and discuss Red Cat's black box flight recorder."
EMAIL FROM CEO JEFF THOMPSON
I emailed the contact listed on their website POLITELY expressing my concerns over the split, the recent twitter posts and asked them not to forget about their shareholders and employees. This was sent to me less than 12 hours later.
--------------
Hi Alexander,
Thank you for reaching out and expressing your concerns. We want you to know, first and foremost, we are an open company, believe in transparency across our team, customers, partners, and shareholders and work hard day in and day out to meet this standard.
The Twitter post you saw came from a former consultant who had control of our Twitter account whom we recently parted ways with.
Red Cat is working on exciting software for the drone industry and the work being done is important, the technology is complex, and there is a vast ecosystem that needs to come together for it all to work. The employees we work with (BTW employees 1,2,3,4, and 5 are still with the company), the partners we choose, the investors, like you, who believe in us are all paramount to our success.
We have completed the name change, and will have our new ticker RCAT around August 28th. The reverse split was very important for Red Cat as we have started to meet with institutional investors and research analysts and they cannot work with public companies sub one penny. I am the largest shareholder at Red Cat and have my own hard earned cash invested and will work VERY hard for all shareholders! Feel free to reach out to us anytime you have additional thoughts or questions. Thanks again.
Regards,
Jeff Thompson, CEO
Owner of rdq bought partial ownership in RR. They teamed up. Racedayquads runs rotor riots store operation. It's on youtube. Old warehouse/company that was handling operations wasn't up to par.
Should we perhaps think about listing this somewhere other than cryptocurrency? I know it's "technically" blockchain technology but if the rotor riot deal becomes official we have legitimate sales coming from drones/parts/fortnite controllers
I grabbed more shares today. Rotor riot's valuation is easily worth more than our current market cap of under a mil. These shares are a steal down here.
And yes,
Do your own dd and invest at your own risk.
Its on globalnewswire as well. I don't want to get my hopes up again but I think there is a chance we might not be getting screwed or should I say less screwed...Bloomberg has shares outstanding at 392.88K We've also seen rotor riot been listed as a $RCAT subsidiary on atleast two websites. We also have acess to teraforge's equipment and location should we need to expand units for cloud storage/mining etc
Due your own DD and invest at your risk.
Ticker is changing to RCAT
The software has been in beta since september 2018.
Just found this https://www.owler.com/company/rotorriot
Rotor riot is being listed as a subsidiary of redcat the bottom of the page. Maybe the deal actually went through.