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Rumours About Kraken Robotics Being Up For Sale

[NLMoose]

While this information is just rumours at this point, there are now worries that Kraken Robotics are considering putting the company up for sale or a possible merger, which will be bad news for the St. John's based marine robotics company being put in foreign hands.

If it goes for sale, Newfoundland willl lose a marine robotics marvel to American or other foreign hands.

Let's hope its not true.

[Napcoo]

The former CEO has been trying to sell the company, no success, he had to sell shares instead

[Napcoo]

I have not find a suitor yet, but always in my mind, better break it apart and sell, subsea power, sonar, and services, but apparently my opinion won't matter

[mofwmofw]

Man this can`t be good, going down with large volume is never a positive. Anyone know who is behind all the selling? First an insider sells millions, and now it`s a feeding frenzy. He still has millions of  shares, so I`m not so worried about him, it`s why the large volume of selling now by others. Somebody got spooked big time.

[Possibleidiot01]

Here's my take which I formulated after listening to https://www.youtube.com/@commonsenseinvesting In one of his presentations , he does mention the options, along with the battery order depoists, in reference to the company's abilty to finance operations. Long story short , if you use what Napcoo posted on the options ,the company is not going to see $6,684,000 that could use on

[GetKraken]

all good when you look at the facts .. we're likely going to see a positive line this year .. they've got 'substantial' prepayments coming in from current orders to pay the bills.   They are in bed with so many players in the business .. plus their battery business is selling to 'bus size LD UUV's'   It has just been one house selling recently for