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read about UMAC way back, sold out because they only got hopes and dreams, I don't trade on hopes and dreams. One that sticks out to me was the fact that they rely on one factory in China, but don't have any written order contracts, word orders and oral promises, also they do all their sourcing with the wife of the factory owner, Molly Mo. If the factory in china is spooked by tariffs, or more specifically if Molly Mo wants to shut it down, she will and can at the drop of a hat. There's likely a reason the originaly owner Greg Finch let his wife run this drone component factory.
But more importantly, RCAT owns 46% of UMAC, and the CEO of RCAT also sits on the board, huge connection. BUUUUUT, RCAT got the footing and foundation. They already have drones that the do sell to the US gov, 89mil in the latest contract. So methinks RCAT needed to offload the risk of UMAC, but still thinks they can do great things, like produce the first drone circuit board to get special clearance i forgot what is was. not super refreshed on this, but my point at the end of this is stay cautious tight stops for UMAC, only doing what its doing bc of low float, and concentrate more in RCAT, they have the long term growth ahead of them to support the price increase, I can only see UMAC going off a cliff and settling at a much lower price.
picrel is when I downloaded then read UMAC 10k. I shoulda told some of y'alls, I'll do it next time I get a strong hunch like I had back then.
