RE:LIKE I SAID...newbieforever: These millions and millions of shares trading, a fact you seem to obsessed with, have actually accomplished quite a bit in the last little while.
- The share price has doubled
- Warrants and options were exercised putting $1.15 Mil into UAV’s coffers with another $0.5 Mil virtually guaranteed in the next 4 weeks.
I short, this current consolidation 80% above warrant exercise price is healthy. It has and still is putting money into UAV’s bank account and it establishes a solid base around $0.175
The probably most important point ... Given recent performance, UAV does seem to need this new money to cover ongoing operating losses like most nano caps but can use this money to grow profits either internally and / or via further acquisitions.
In my books this makes a rather unique “animal” in nano cap land. It makes it (almost) investable versus the typical “tradable” scenario nano caps are usually relegated to.
PS: I say “almost” because of UAV’s short history of profitability. To confirm this trend will certainly require a few more quarters but it should be noted that UAV has gotten on the profitability path way ahead of its oh so well known and promoted (stock market) competitor which is a champion in promoting theoretical upside.