Red Cat Holdings Inc (RCAT)

[nickmerck]

no profits despite revenue growth. it has always been a leadership departure (every company that got bought the owners have departed).

full disclosure: I've always been bearish on this company, and I always said anytime it goes above $1 is a good time to short it. I was wrong for a while, but the fundamentals haven't changed: more debt, more losses, more dilution. this is only going to go one way. and the people running the scam will enrich themselves.