A conceptual rendering of the Horizon Aircraft Cavorite X5. Horizon has been pursuing its own media blitz to promote the Cavorite X5, a five-seat eVTOL concept that thus far exists only in renderings and a 1:6 scale model. 18, 2021, one day after revealing its intention to uplist to the Nasdaq with the assistance of Kingswood Capital Markets, Astro announced its plan to acquire Horizon Aircraft, a Canadian startup owned by father and son Brian and Brandon Robinson. By contrast, EHang, which has been criticized by others in the industry for its comparatively paltry R&D budget, spent nearly $8 million on R&D in the same time period. In the first nine months of 2020, according to its most recent quarterly report, Astro spent just under $99,000 on research and development - less than it spent on sales and marketing. Astro boasts of being one of the first companies to fly an eVTOL with a person on board, but it didn’t own the technology at the time of the manned flight in Bulgaria, and Securities and Exchange Commission (SEC) filings suggest that its full-scale prototype hasn’t flown since an unmanned demonstration in September 2018 that lasted less than five minutes. Now, an aggressive stock promotion on behalf of Astro Aerospace, which aims to uplist to the Nasdaq, is testing the credulity of retail investors who have a fear of missing out on the eVTOL space.

But retail investors who want to get in early on the market still have relatively few options, with Nasdaq-listed EHang the only major eVTOL developer to have gone public through an initial public offering (IPO). Investor interest in the emerging eVTOL industry has recently exploded, largely due to special purpose acquisition company (SPAC) deals that have valued eVTOL developers Archer and Joby Aviation, and now Lilium, in the billions of dollars. As a result, investors who purchase during the campaign and hold shares of the profiled issuer when the campaign ends will probably lose most, if not all, of their investment.” When the campaign ends, the volume and price of the profiled issuer will likely decrease dramatically. is a penny stock that was illiquid (little to no trading volume) prior to our campaign, and therefore these securities are subject to wide fluctuations in trading price and volume. is even more cynical in its disclaimer, acknowledging: “Astro Aerospace, Inc. We do not and will not publish any negative information about the profiled issuers.” “The information consists only of positive content. “We publish information about profiled issuers because we are compensated to advertise them and not for any other reason,” says. But buried on each is a disclaimer that the articles are paid advertisements intended solely to boost the company’s stock price. Astro Aerospace Imageīoth websites present themselves as conventional stock tip sites, using sprinklings of factual information about the emerging electric vertical take-off and landing (eVTOL) industry to make a case for investing in the eVTOL developer Astro Aerospace (OTC: ASDN). SEC filings suggest the aircraft hasn’t flown since 2018. share prices have already been going parabolic.” A studio shot of the Astro Elroy, previously known as the PassengerDrone. Meanwhile, says, “If you’d bought 1,000 shares of Tesla in 2010 it would be worth $1M.

“That is competitive advantage at its greatest!” “Astro Aerospace has positioned themselves to control the market for three years before any competitor!” declares the article on.

Astro cavorite x5