Character 1: RCAT — Red Cat Holdings

What this series is

I could invest passively, check results a few times a year, and keep my distance.

Instead, I’m choosing to participate.

This series treats real, publicly traded companies as characters in a larger performance—because businesses, like people, have identities, constraints, and arcs that unfold over time.

Each company is real. Each investment is intentional. Each write-up blends traditional investing with lived curiosity.

This is the first.

Who RCAT is...

Red Cat Holdings is a defense technology company that builds military-grade unmanned systems, primarily drones used for reconnaissance.

Their core platform, often referred to as Black Widow, is designed to operate in environments where GPS may be jammed, communications are unreliable, and mistakes carry serious consequences.

This is not consumer technology. This is technology built for contested, real-world conditions.

RCAT - RED CAT

The role RCAT plays

If this portfolio were a stage, RCAT would play the role of the Watcher. Its job is not to attack or dominate. Its job is to see clearly when clarity is scarce.

In modern defense, visibility and awareness often matter more than speed or firepower. RCAT’s systems exist to extend human perception into environments that are noisy, disrupted, or dangerous.

But technology alone isn’t enough.

What I’m learning right now

One of the most important recent developments at RCAT wasn’t a product announcement or a revenue headline.

It was a cybersecurity and compliance assessment tied to U.S. military approval standards.

In defense, this is a gate. Pass it, and the company becomes eligible to participate in a much broader set of programs. Fail or delay, and growth slows regardless of how good the technology is.

This tells me RCAT is transitioning from:

• Proving the technology exists to

• Earning permission to scale responsibly

At the same time, leadership changes inside the company suggest a shift toward execution and operational discipline. That’s often what happens when a business believes the next challenge is delivery, not vision.

Why RCAT belongs in my portfolio

RCAT sits inside the technology innovation sleeve of my portfolio because I want exposure to how autonomy, security, and trust are actually built in the modern world.

This investment isn’t about predicting short-term price movement. It’s about understanding:

• How defense adoption really works

• Where advanced technology succeeds or fails under pressure

• How organizations adapt when execution becomes the constraint

Those lessons matter far beyond this one company.

The risk

Defense is slow. Approval processes are rigid. Real-world conditions often punish elegant ideas.

There is no guarantee that RCAT scales successfully or on the timeline markets expect.

That’s why this is not passive ownership. It’s active observation.

Watch for the next character in this timeless performance.

“Thus enters the player.”

Disclaimer

This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Nothing here should be considered a recommendation to buy or sell any security.

The companies discussed may be held personally, and opinions expressed reflect an evolving research and learning process that may change over time. Investing involves risk, including the potential loss of capital. Always do your own research or consult a qualified professional before making investment decisions.