Sarcos Technology and Robotics Corp (STRC)

[maverick one]

Just my opinions & observations.
Been observing since went public with SPAC.
Their facing a serious uphill battle imo.
A recent 1-6 RS never a good thing.
Would be delisted from Nasdaq if not.
Burnt through 100’s of millions from SPAC.
Still no exoskeleton suits or sales.
Closed RE2 Pittsburg facility from merge.
Withdrew guidance - TERRIBLE.
Temp CEO had to step in from board.
Allgood is out as CEO.
RS PPS from $1.87 to $1.45 first day.
Barely trading at $1.45 range to $1.55 lately.
I smell a shorty position to bring PPS lower.
They can’t afford a 2nd RS- have to keep $1+.
Good concept- terrible execution from R & D.
Acquisition of RE2 I question it more now.
Need more capable engineers.
They save $3 million relocating. But do what?
Exoskeleton needs to be executed.
If no exo- and no sales- this could be on OTC.

Potential yes- it always was that- still has it.

But this is going to be a tough tough rest of year and into 24’ and throughout. If they don’t get sales and production of exoskeleton suits ramped up - stop talking and actually start executing - then this will continue to spiral and spiral in PPS.

Man I’d be upset if I invested previously - but I saw it was R & D, completely trying to transition into manufacturing and KNEW to stay so far away from this I could possibly get - until it executes and get sales and started to look like a manufacturing conpany with robust sales. Because it’s been looking like instead of just a wannabe showing up at expos with suits and saying “hey how cool is this?”

No more talk - Sarcos needs to get sales of exo suits and i imagine their biggest investors are likely giving the Mgmt a big side-eyes lately. We’re talking institutional types with 100’s of millions into this SPAC. They want to see and demand a return on their investment. They won’t wait around forever here.