Red Cat Holdings Inc (RCAT)

[Orphanboy]

For business reasons, my wife and I drive through Scottsdale, AZ quite often; 3 or 4 times a month spending a few hours in the area. I'm thinking Mr Read lives in that area; most of the neighborhoods are pretty darn nice. Reputation means a lot for these people. I am leaning to thinking he would not want to become a social pariah in that 'hood by looting his neighbors and having that rep follow him for life. He is still a young guy!
Nothing I have seen in his background leads me to think he is conducting anything nefarious with TFVR. He!!, TFVR was over $1.00 when they were developing and selling Hypatia VR; they have folks who know there way around computers and networks. Listed as having 30 +/- full-time employees. His BTCS experience certainly qualifies him for the job.
Read's annual compensation is listed as 84k, hardly a large sum. TFVR filings show him with a 15 mil option @ 0.03/share. Seems fair to me. Gary Smith with a 1 mill option @ 0.03 exercising on or after 22 April 2018. Seems reasonable.
I'm watching, but over the daily hype. Stepped Sell's GTC in @ a very reasonable px. I like the valuation another post said about a 50 mill market cap and $0.45/share px. Clean balance sheet.
I was a little disillusioned when the PR from 09 Jan said Dapps and ETH was their focus now. Upon further DD, it seems Blockchain and Dapps IS a huge future arena, beyond cryptocurrency and simply mining.
Standing by and waiting for > than $1.00/share on TFVR.
TFVR.