wolfden2000
$QUCY while the price is a disappointment, it’s not a surprise they need to raise capital.
IMO, they are ramping up operations and either have cotract(s) or finalizing something significant that they will need higher production.
If they sell 20 million shares at $3-$5, into any run, that’s not a big deal. And gives them a cushion for 6 months / year.
Institutions will buy this company and absorb most of it if they demonstrate a path to profitability with contracts and PO’s.
They have no debt now so it’s just a matter of balancing their P/L after PO’s start rolling in. They already have a $2 million PO.
And it’s a total myth that institutions can’t buy stocks under $10 -100 percent bullshit. It is more common the larger tutes buy over $4 and many $1-4.
Defense stocks fall into a different bucket and will definitely be accumulated by more institutions than usual for their defense portfolios. They know drones are a multi billion $ market.
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