Drone Maker Red Cat 'Set To Be Blown Out Of The Sky': Short Seller Claims Management Set 'Almost Impossible' Expectations

1. Kerrisdale Capital initiates a short position against Red Cat Holdings (RCAT). 2. Red Cat shares rose over 1,200%, driven by hype over U.S. Army contracts. 3. Kerrisdale claims management misled investors about contract size and revenue potential. 4. Executive departures raise concerns about Red Cat's future performance. 5. Insider selling may prompt shareholders to divest amid bleak forecasts.