We took a look at what Archer announced on June 20th about their Memorandum of Understanding with Kilroy Realty Corporation. Archer has plans to establish a San Francisco Air Mobility Network connecting five locations across the California Bay Area. Investors got all excited and the Archer's share price got a boost. Why was that?
We believe in retail investors and other smaller stakeholders getting as much information as possible so they can make informed decisions. They generally don't get access to management, tours, events and other opportunities to 'kick the tires'. We are trying to fill some of that gap. We do not offer investment advice.
Full disclosure: At the time of writing we are short Archer, a position we took after we noticed something in the field where we are observing test flights. Archer had made an important change to its design which the company had not talked about. We published a video about this subject on May 30. We have been long Archer in the past, and exited out of that position with a profit.
Негізгі бет Archer's plans for a San Francisco Air Mobility Network got investors all excited. What happened?
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