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File: 831 KB, 949x508, UAVSagEaglehalfbillionvaluation.png [View same] [iqdb] [saucenao] [google]
28338806 No.28338806 [Reply] [Original]

Literally no consistent revenue stream other than pumping their stock through rumor, and doing an offering...

8 employees
garage next to VFW
"weed surveillance"

>> No.28338953

>>28338806
congrats, you just found a chinese state money laundering front.

>> No.28338957

>>28338806
Kek
Same for every EV shitstock in the past year
There are companies that don't even have a working prototype already worth billions through SPACs lol

>> No.28339043
File: 129 KB, 433x506, 1612994293776.png [View same] [iqdb] [saucenao] [google]
28339043

>>28338806
Welcome to "there is no inflation, goy"

>> No.28339092

>>28338957
>Same for every EV shitstock in the past year
>There are companies that don't even have a working prototype already worth billions through SPACs lol

true but UAVS / AgEagle is just funnier because you can literally see how over valued they are in GoogleMaps.

>> No.28339228

Income Statement filed 2019-12-31.
Total Revenue: $296.68k
Cost of Revenue: $202.05k
Gross Profit: $94.63k
RND: $38.95k
General Admin: $2.41M
Total Expense: $2.66M
Operating Income: $-2.36M
Total Other Expense: $-163.49k
EBIT: $-2.36M
Interest Expense: $-501
Net Income: $-2.52M

>> No.28339607

>>28338957
Is it too late to get into SPAC trading? I feel like the thing is only weeks or months away from imploding so I don't want to get in at the end and end up being a bagholder.

>> No.28339806

>>28338806
Lol did $BYND not have a similarly shitty ass HQ at the start of their IPO? it was some shitty spot in Maryland IIRC

>> No.28340007

>>28338806
UAVS is actually very close to a $1B company.

>> No.28340018

>>28338806
They have a good system for mapping iirc. Plus dude weed fields and an Amazonhottipinsiderpumprumor.

>> No.28340265

>>28339607
>Is it too late to get into SPAC trading
no there are new spacs all the time, just buy around 10 bucks

>> No.28340379

>>28339806
>Lol did $BYND not have a similarly shitty ass HQ at the start of their IPO? it was some shitty spot in Maryland IIRC
'

market leader in their industry vs some drone company that has zero orders and can't find a market to do business in

>> No.28340460

>>28340265
Could you give me a very tl;dr on how it actually works? It can't possibly be as easy as I've heard some people describe it. Literally just buy a SPAC after it confirms merging with an existing company, wait for the merger to happen and take profits? It can't be that easy.

>> No.28340463

>>28340018
>Amazonhottipinsiderpumprumor.

This has been going on for like 3 years now, it's always the same. Amazon bought like 2 of their drones in 2016 to test, they passed on the, and Amazon is making drones in house for their use.

But this rumor will never die.

>> No.28340712

SPAC is created with a par value of $10.

Par value is created by taking each share sold and locking up at least $10 in a trust.

Businessman take the money and go look for a reverse merger candidate.

Find one, leak rumors, price moves above $10 per share, above it's "par value".

official announcement, big pop. Sell the pop.

Buy back around $15, hold until actual merger date.

Sell day before merger date.

Profit.

Oh and if you don't like it, you can redeem your shares for $10.

$10 is literally the floor of a spac pre merger.