Night Market Research published on Ondas Holdings (NASDAQ: ONDS — $226 million), a developer of industrial wireless networks that recently pivoted to autonomous drones. Night Market claimed that “esoteric regulatory language shields poor execution” and said that the company’s pivot to autonomous drones was a “broken story” with negligible revenue. Above all, Night Market found that the Ondas “founders, largest investor, and board member [are] associated with past investor wipeouts.” For example, the chairman of the company’s audit committee has been a director or officer of 16 other companies – 14 of the 16 went on to fall over 90%.
-- Bear Cave #129
The NMR report is very detailed and professional. Not only do the board members have a chequered past, the technology, and regulatory changes, do not support any sort of growth story. This is a small stock, the price of which can easily be manipulated, but it seems hard to believe that it will not go bust eventually (or be taken over by a rival).
Last updated: 2026-03-07 by automated standardization process