Replies to post #11702 on Red Cat Holdings Inc (RCAT)

[Samshalom1]

Yeah there certainly has been much bad faith tap dancing, it would appear. Despite all of the warnings sounded by the company, they still have a fiduciary responsibility to we investors and seem to be missing the mark in this area. I missed the $60k salary on p r that was mentioned earlier. What P R? If in fact they are spending my invested money in this area, I’d like my money back. I am unaware of any real effort to sell this company to new investors (I’m not talking pump). Read’s salary is a thorn as well. And yet there is still the $1mil on miners. I’d love for an update on this soon. Venting doesn’t seem as cathartic as it once did. Oh well. GLTY

[Lfrye]

The vote on the RV has me confused...back in June they file the Pre Proxy announcing the shareholders meeting on July 31 and the vote for a RV...I didn't even think a company needed shareholder votes for a RV? I always believed they had to have a board vote for a RV? I guess it depends on the State, but either way, a few days later they file a "revised" Pre Proxy just to remind us a RV was possible in near future. I didn't see any difference in the two versions. The stockholders meeting never even takes place. Now, they file a new revised pre proxy and increase the RV percentage? Again, do they even need a vote? What is the purpose of these constant RV scares when the meetings don't even occur and hence, unnecessary negative information coming from the company themselves? I wouldn't be surprised if they give us another "revised" pre proxy in a couple of days with no significant changes except to remind us "yet again" that a RV is coming. They have to be doing this on purpose or they are completely incompetent. As much as I am frustrated with JR myself, I do believe he understands completely what effect the possibility of a RV has on his stock, yet he continues to remind us for apparently no reason.