Red Cat Holdings Inc (RCAT)

[investor2004]

I agree with some of that. However I do not agree with the reverse split. Why? Well in my research just the filing of the up list sec paperwork alone should get us up and over what we need for the up list. Secondly with less then 25 million shares out and 500 million authorized they have plenty of room to give equity with new acquisitions. Prior to our original reverse split Read had diluted us into oblivion for his out of line salary and greedyness. Understanding they needed to do these acquisitions and needed that equity it makes sense why they did the original reverse since we were almost out of authorized shares. That situation is now no longer a factor. Plus, the majority of the company is held by insiders unlike before with new large positions from unaffiliated owners of the previous acquired companies who also have a voice. Because of this, they are not going to be easily convinced to change the share structure after the recent acquisitions. This is probably the biggest point.. All of these things add up to a situation where I think eventually this thing will organically grow in a big way without the need for a reverse split. Especially since on top of everything stated above it would disenfranchise the 500+ existing retail stockholders as well who will go out publicly griping about it considering RCAT had pretty much destroyed the original stockholders equity down to almost nothing. Jmho. Glta.