Red Cat Holdings Inc (RCAT)

[Monksdream]

Excellent appraisal of a nano cap company that appears to be in business simply to enrich four or five guys, not all that unusual when it comes to third tier Nasdaq companies
There are literally hundreds of them
Patrick Boyle calls them zombie companies, and he’s not the only observer of corporations who has used zombie to describe money losing companies continually borrow money al less than favorable terms to remain operable
The bull market, which began in November 2022, hasn’t yet trickled down to the nano cap micro cap and very small cap sectors the way it has for mega cap giant cap large cap and mid cap sectors
A case in point: Curtis-Wright (CW) is a mature small to mid cap company
i didn’t purchase some shares in 2022, but I did buy in 2023 as the stock was making new 52 week highs
So let’s do a three year comparison to demonstrate how, in my opinion, the smart money is deploying its capital