Friday, February 16, 2024 1:16:51 AM
The people inside the company know this, which is why they're selling everything they can and pulling as much capital out of the company as possible, while pumping the stock with PRs such as the one yesterday.
You don't actually have to over-analyze this. Just look at the fundamentals: A company that was formed through a reverse-merger bought several drone companies while bringing no value to the table (they used your money for it after all). All acquisitions were advertised as strategic and visionary to some combined benefit and all but one have since either unwound, closed down or passed on to another company. Meanwhile the owners exited with plenty of cash which the stock paid for (and continues to pay for) by decreasing in value.
And you're here telling me some story about increasing revenues and making comparisons to Amazon ... just like the owners, with the exception that you're not in on the gravy train but funding it :)
Recent RCAT News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:35:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:34:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 01:47:54 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:13:10 AM
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