Oct. 23 at 9:18 PM
$RVSN Time for a TA update and my thoughts on the LD conference video since im now officially short RVSN
-Shahar said by mid year IRR will be installed. Its almost november and we are only up to #8 (timelines cannot be trusted?)
-IRR another "batch" a few months after all 10 installed. Without any $$$ contract for months this will drift down as people give up (no hope of dodging the incoming RS, makes sense why they wanted 30:1 for a big buffer as no contracts expected)
-Contract from 2024 is "years away from expansion" Not sure why people expect contracts SOON if that came BEFORE CSX, CA, Loram etc
-300k revenue YTD. When questioned David blamed "long sales cycles" Ok so hows that help an investor losing money invested when RVSN cash burn is also INCREASING?
-"incompatible automotive tech" TATA just landed a fat contract with CSX with railway AI based off automotive tech
Chart wise volume is so weak it cannot break 0.56 resistance. Adding to my shorts whenever it gets close to 0.56. Bearish
