Click here to view the video version of this post: AITX Short Squeeze Coming like Kightscope’s ?with NASDAQ Uplist???
Today we are talking about Big News, both the good and not so good developments with the OTC penny stock artificial intelligence, ticker symbol AITX. The company is still making great strides in gaining more attention and orders regarding their security robots. And, keeping a close eye on their number one competitor that just took their stock public in a big way! Stick around to the end of the video, and I’ll reveal more details about the biggest great and not-so-great news!
This has been a crazy market, and I’m holding onto my penny stocks including AITX, despite the steep market pullback. Each day the stock market has been whipping up and down, so you never quite know where it will end until the end of day. I haven’t been buying any more shares of penny stocks at the present, but buying more of my ETFs like VTI and QQQ on sale as they pull back. Plus the newer technology stocks with great futures and financials, like Crisper which were reflecting steep pullbacks last week.
Here you can see the movement of AITX’ stock over the past three months. Each candle on this chart represents one day. The stock has been pulling back with spikes upward here and there on good news. These are movements, that the experienced day-traders love!
Before we continue into AITX’ news, remember that OTC stocks are highly risky, so I only invest money in OTC’s that I can afford to lose. High risk versus high potential reward. And remember, this is not financial advice, and for entertainment only.
Hi investing friends, this is Lynn, and welcome back!
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AITX has been putting some impressive effort into their public facing image, with an improved website. Here is the old version of their website’s home page, and here is the new version which has a lot more zip! This is a great move on AITX’ part, and potential customers always check out a supplier’s website.
The website also has a page with a list of AITX’ 25-Member Board of Advisors, that has some impressive folks on board. This is a big deal as they would have great contacts that could assist with AITX’ growth and steering the company in the right direction. These members have connections in both the public and private sectors.
Here are a couple examples of impressive board members: check out Jeff Slotnick, President of Setacon Enterprise Security Risk Management with 28-yers in the industry. He also has a degree in Cyber Security and Security Management. Setacon provides services in support of lean Enterprise Security Risk Management Operations. Also notice Ricky Davis, who served in the United States Army incuding as a security force advisory. Ricky has 27-years’ experience in the security industry and holds a Master’s degree in Business Security Management.
Here you can see AITX short report and the percentage of volume shorted is pretty much holding steady with what it’s been over the past several months. I, and I am sure most of you, would like to see these shorts get squeezed out of the stock. I’m just waiting for the day!
Now for the good news, AITX CEO Steve Reinharz just released a recent video talking about their number one competitor, Knightscope’s recent IPO.
BUT FIRST, before we continue, if you haven’t yet, please give this video a thumbs up.
So here is Steve and his news:
The exciting news in Steve’s update is that with Knightscopes’ IPO and huge move upward, AITX now see’s a way to move quickly to the NASDAQ. That is of course if Knightscopes’ stock keeps moving up and proves that this move is more than just a short squeeze.
Let’s look again at AITX 3-month stock chart compared to KSCP, Knightscope’s stock. The big yellow line to the right is knightscope shooting upward since their IPO date of Thursday, January 27th. On Monday morning, January 31st, KSCP stock was showing a 66% move up and a market cap of 108 million.
Unfortunately per this yahoo profile screenshot, as of Tuesday morning, February 1st, KSCP was already back down 35%.
I can see why Steve Reinharz is keeping a close eye on this one. If you’re wondering about Knightscope, here is a short clip from my 2021 video summarizing this company, so you can get a better idea of the comparison. Keep in mind that AITX did state in their financial report, right before Steve Reinharz took over as CEO, that Knightscope has been their primary competitor.
(My video on Knightscope)
Obviously, Knightscope’s products are very similar to AITX, and with AITX’ sales skyrocketing, who knows, we might be looking forward to move to the NASDAQ in 2022.
Now for the bad news about AITX regarding an uplisting is that Steve mentioned that a reverse stock split would likely occur.
I always love hearing from you, so please let me know in the comments below, what your thoughts are about AITX, and about any other stocks you’ like me to review. Remember to subscribe to our newsletter in the description below the video, for penny stock alerts and notices regarding the release of videos like this one. Also, go here to check out our latest videos.