As I mentioned in the separate email onthat went out right before this issue, the drop in the share price (which recovered on Monday a fair bit) is a GIFT.
The quirky timing of the company being added to the Russell indexes, as I explained it in my initial recommendation, seemed to trigger some added selling that fed on itself, more from knee-jerk reactions than anything negative to do with the company.
To the extent I have been able to glean any negativity on the part of some, it's had to do with what, to date, has been a healthy cash burn rate with little to show in the revenue department.
I have to say, though, that as I got the grand tour of the company's facility in Pompano Beach, I was duly impressed with the way in which the product has been manufactured and prepared/packaged for sale; the confidence obviously is there that a bigger rollout of products is at hand.
The initial simple "Plug and play" version of a ceiling outlet can be viewed at https://skyxplug.com/.
By appearances, more substantial seals are poised to start imminently. I'll be eagerly awaiting SKYX's Q2 financial results and other details, which should be out by mid-month. My sense is that the beginning of a very sharp upward trajectory in revenues will emerge, among other things.
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- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of SKYX Platforms.
- Chris Temple: I, or members of my immediate household or family, own securities of SKYX Platforms. I determined which companies would be included in this article based on my research and understanding of the sector.
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