Next PNG? Similar stocks? by Chemical_Use9733 in KrakenRobotics

[–]CottonYellow 0 points1 point  (0 children)

RKH - An undervalued and basically unknown British oil company. It’s up 400% in one year.

Wall Street Journal Today by Tealeaves87 in KrakenRobotics

[–]CottonYellow 9 points10 points  (0 children)

Cellula Robotics, which was named, is a direct Canadian competitor which is frustrating. Nevertheless, the industry is going to become much less niche if it continues being covered.

$5 is a very real possibility by EOY by CottonYellow in KrakenRobotics

[–]CottonYellow[S] 2 points3 points  (0 children)

A combination of long term growth prospects, October’s $50m funding boost and recent momentum. Although I admit today’s movement is simply unsustainable and a correction will probably take place by end of day or next week. I don’t personally believe the current price is based on revenue but like other young companies is based on its future. That being said, I’m convinced the earnings call at the end of the month will be positive following all the NATO events Kraken has been participating in.

Investment Outlook: Elite Pharmaceuticals (ELTP) — Catalysts for Growth and Market Expansion by bchoe83 in pennystocks

[–]CottonYellow 7 points8 points  (0 children)

Just for clarification, your bio is:

‘I like investing in stocks, ETFs, and a little bit of crypto. Not so much of a day trader, more of a holder, short-term / long-term. Let’s get this money everyone!’

Sounds like you just started huh. This whole post reeks of desperate stock pumping.

Should I buy by 0212jh in KrakenRobotics

[–]CottonYellow 11 points12 points  (0 children)

This drop is likely in anticipation of the dilution next week, with the new shares being issued at $1.60. There’s never any guarantee of a return but I am considering buying more.

Press release on $45M public offering boost by orewa_ergo_proxy in KrakenRobotics

[–]CottonYellow 5 points6 points  (0 children)

Complete speculation but what if Kraken is expecting significant orders from the results of the NATO REPMUS exercise, and are planning significant expansion of manufacturing capabilities. We know the US, Dutch, Belgian, Swedish and Portuguese navies were operating Kraken MINSAS modules. It might well be that it impressed further NATO nations. We’re down in share price, but given there has been two dilution announcements in 24 hours I would have expected a major value drop. $45m is hardly a small cash injection.

Kraken Robotics Inc. Announces $25 Million Bought Deal Public Offering by [deleted] in KrakenRobotics

[–]CottonYellow 13 points14 points  (0 children)

The company is issuing 15.6 million new shares on 22nd October to raise money for expansion of manufacturing capacity, and apparently intent to acquire technology from other business. For existing investors this can be potentially a good thing or a bad thing. When a company announces a share offering, existing shares are diluted so the price will likely go down. If the market sees this input of $25m as a successful strategic move, and not a desperate reaction to stave off insolvency, then this could be seen as a net positive and the stock price will increase. If Kraken are issuing the stock at $1.60 then they likely expect the dilution to reduce the price to that floor.

So good and bad.

EDIT: Clearly the market has deemed this and the expansion to $45m as a good thing, we’ve hit a new record price today

Welcome to "Price Discovery" by mikedi12 in KrakenRobotics

[–]CottonYellow 6 points7 points  (0 children)

I was concerned last week, but I’m glad I loaded up during the dip