Express News | Form 144 | Red Cat Holdings(RCAT.US) Insider Proposes to Sell 18.39 Million in Common Stocks
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QMengColdJoke : Yes. Selling like this feels a bit like going from rags to riches.
DarrenTCC : Shouldn't be that much.
DarrenTCC DarrenTCC : He sold more than 10% of the shares.
Andrew Aran OP : The valuation is so much greater than sales (roughly a billion dollar market cap vs single digit / low double digit millions revenue). Obviously the company will grow a lot and recently struck cool new contracts for 5k drones over 5 years. But that comes with a lot of execution risk, they’re reliant on one customer and there’s minimal visibility to the economics and terms of that contract. Investors are flying blind. Insiders are not.
Kokushibou : They have PLTR under their wing (a Paypal mafia baby), connections with Trump since his son jr. is on member board of UMAC (unusual machines) the one that manufactures their drones, nato pending contracts
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