Replies to post #11754 on Red Cat Holdings Inc (RCAT)

[Bohdmeist]

And I do believe Rassas still owns plenty of shares of TFVR

Early on, angel investors put $1 million into the company. But in 2016, to get more financing, TimefireVR went public via a reverse merger, where a private company allows itself to be acquired by a publicly traded shell company.

Rassás said that the reverse merger was “less than satisfying.” So the company went private about a year ago, reduced its overhead, and kept working on Hypatia.

According to the article, Rassas company is actually doing something....Maybe JRead is just a lousy leftist twitter posting incompetent snowflake CEO that really can't get anything done