$Richtech Robotics (RR.US)$ This concept is good, but why ha...
$Richtech Robotics (RR.US)$ This concept is good, but why has it been falling all along before?
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kindtoluck OP : There must be a reason.
TechWhiz : The reasons are share dilution , no strong substantial investors, shortist attack. But all these will go away once they release strong results.
Revenue should improve significantly this year with their distribution agreements but we want to know if they will be profitable or when they will be profitable. Competition is high because robotics is still new.
This is definitely a promising company with good growth prospects. Let's hope management don't screw up or play us out.
Anyway, the daily chart looks good now. Should go up from here. Target $1 by 25 Oct or they may get a non compliance notice from Nasdaq .
Nzm Nhr : Even though share dilution causes you to own less of the company percentage-wise, it doesn't necessarily mean your stock is worth less. In fact, the fair market value (FMV) of a company's stock generally increases after a funding round, so the overall value of your shares may actually go up.