Replies to post #16062 on Red Cat Holdings Inc (RCAT)

[alstocks]

My worthless thoughts.... it’s been similar

trading since Monday.... impatient otc traders

who bought only due to Nasdaq... are getting out

accepting a small loss... and big boys , because.

they can now buy due to Nasdaq listing, are

getting in at end of day.... was as low as 3.70

on Monday.... got as low as 3.66 Tuesday... &

every afternoon you see big bids come in...

buying pressure late in day....

Good luck to all

[nickmerck]

The dip is easily explained. They have to keep acquiring companies to show rising revenue to justify the current P/E. When they actually launch DroneBox, the earnings will disappoint and then all the projections will make it clear that this was just a way for the founders of these companies to cash out. Their inability to compete in the market 1-2 years from now is showing.

Why would a company the size of Fatshark not buy RedCat, if the future is so bright? Why would LuGus Studio, who are in the video games business (>$100bn market) sell to a niche drone services company (< $1bn market). It really doesn't take a genius to figure this one out ...