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Thoughts on the press release?
Jeff’s answer to your question about “pump and dump” was great - especially his phrase “way down here” and no chance of selling.
Thanks Sam. Listening now. Read about it here and on Stocktwits.
Thanks for posting.
Great close. Above $7. Was fun following Stocktwits in that last hour.
Anyone know when earnings is scheduled?
MMEDF - yeah that’s a good looking chart. Excited for what’s ahead.
MM’s sending market buy orders to the bid??
This uplist wait is getting a bit tedious, though.
$RCAT!!
Qrtly report is out. Several links on Stocktwits.
.0035 was the price at the time.
I’m a shareholder in a ticker that was a reverse merger and did a 1:1200 reverse split. They didn’t dilute so it has worked out pretty well so far. And that ticker is soon to be uplisted on NASDAQ.
So it can work — as long as they don’t dilute after the RS.
I’ve got wonder if they are timing Qtr with uplist PR.
Fat finger.
Delayed... but within 5 calendar days of the 17th.
In the News section.
Yeah. Everyone is just waiting. Going to be exciting days ahead.
The MM’s earned their beer money today with those spreads. What a nonsensical chart.
One day closer to NASDAQ and the quarter report. We’ve got a great future here!!
Yup.
Just been trading in a rectangle since Feb 1.
Good video...
Drone technology developer Red Cat Holdings files for a $20 million Nasdaq uplisting
February 25, 2021
RCAT
Red Cat Holdings, which develops and sells drone software and products, filed on Thursday with the SEC to raise up to $20 million in an initial public offering. The company is currently listed on the OTCQB (RCAT).
The company provides products, services, and solutions to the drone industry. It designs, develops, markets, and sells drone software and products, focusing on drones piloted with wearable display devices. It sells flight design cameras, video transmitters, goggles, as well as the mounts, airframes, and accessories to build or operate drone aircraft.
The Humacao, Puerto Rico-based company was founded in 1984 and booked $1 million in sales for the 12 months ended October 31, 2020. It plans to list on the Nasdaq under the symbol RCAT. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.
News hitting Stocktwits that Red Cat has filed S1. Another step closer to NASDAQ...
https://newsfilter.io/a/c00b72faf3597c14904bd5db81639b4b
$.70 spread is pretty wide. Is the float locked? Is something happening soon? Exciting times ahead.
Well I hear you but they are about to put their big boy shoes on. If they up list, they better have their s*%t together and not delay. On that last call the CFO sounded pretty excited about the Qtr report.
Ok 15th was 2nd choice.
Agree all around.
Yup, there’s some big news coming... we got this one. Next two are: Qtr and NASDAQ up list.
Is the Qtr supposed to be March 1?
Wonder if the big boys did their buying last week in the $4’s and today is some retail. Trades are low volume.
At least it’s not “sell the news.”
Great way to start the day!
Thanks again for your continued excellent and helpful DD.
Interesting note about people saying they can’t buy because OTC. I would have QB status would be enough. I had some issues buying “no information” pinks this morning on Fidelity.
But yes it’ll be great when/if they get to NASDAQ!
+26% on top 5 volume day is a great day for sure.
Good trend reversal on strong volume. Is something brewing behind the scenes?
Sure is good volume. We’ve been averaging about 40k last several days and we’re there in the first hour.
I’m on RedChip’s email list and they send out PR material for all their companies. Probably 2-3 / week. It appears they have two drone companies in their portfolio.
They also cold call and offer information on companies. They’re probably doing that for RCAT to plenty of people.
The message below is from RedChip, which is RCAT’s PR company. The presentation is another QB drone company. Their chart looks similar to RCAT’s.
Learn About Draganfly (OTCQB: DFLYF) in Exclusive Zoom Webinar
Today, February 3, 2021 at 4:15 PM ET
Join CFO Cameron Chell of Draganfly for a 15-minute presentation and live Q&A session to learn how DFLYF is supporting clients with enterprise drone solutions, contract engineering services, custom software and professional unmanned aerial vehicle (UAV) services.
Event information:
When: Feb 3, 2021 04:15 PM Eastern Time (US and Canada)
Thanks for writing this review Sam.
I did but I’m going to listen again. One interesting thing is that a guy (analyst?) from HC Wainwright got two of the first three questions.
For the call today - there is a replay # if you can’t join.
“For interested individuals unable to join the conference call, a dial-in replay of the call will be available until February 8, 2021 and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13715543.”
That’s a great way to end the week. Should make for an enjoyable call on Monday!
Sure! Makes sense. In the space of 5 minutes, somebody spent ~roughly $50,000 not worrying too much about price. They wanted in. That’s someone who thinks this is going much higher.
Sure is a good investment!!
There was also 5,000 shares at 11:10(pst) that slapped from 5 up to 6.
Good sign!
3,200 share at 7.45 is a good trade to see. That’s a decent bit of coin to slap the ask.
Cool. Was on a call, but tracking around $4. Hit refresh and BOOM. Good volume too!
Go $RCAT.
I remember those two calls last spring.
First call was pretty good. Upbeat, optimistic, some projections. First investor call type of vibe.
2nd call wasn’t good. I bet it was forced on them by the marketing guys at RedChip. It was too soon after the first call and they were announcing delays. Sam, weren’t you the only one asking questions? I remember Jeff sounding a bit nervous or hesitant. (my impression)
I expect this to be a very good call. If they are wanting NASDAQ they’ll have some good stuff to talk about.