$Gorilla Technology(GRRR)$ stay away from this con :
1. GRRR is a Taiwan based company and has been in play for 13 years.
2. Has a history of tall claims but not delivered.
3. 12 years back it released a video claiming of Enterprise Appliance in collaboration with Cisco yet it stayed within 25 mil cap after 12 years. Weird
4. CEO claims of many possible solutions under AI sky.
5. Claims GRRR will produce AI chips and that too in a new way. Probably the newly hired Intel executive assured of dreams of competing with NVDA.
6. Above news must have got new investors(2).
7. With new funds, CEO (check his profile) get overhang removed and market welcomes it.
8. Two contracts from Taiwan to deliver Legal and Criminal assistance Video AI solutions cant be traced.
9. Check Glassdoor reviews … too bad.
10. Not sure how many employees.
11. Very shady and unreliable.
12. May be good for momentum play in intraday… I would stay away from it.
13. Please do some checks.
Secondly :
pls go through this
https://en.amwalalghad.com/interview-gorilla-technology-sees-a-lot-more-opportunities-to-making-egypt-digital-hub/
Some believing that recently got some bills from Egypt, above article is abit contradicting and confusing too. GRRR is 25m company before this run up and promised to invest 100mill in Egypt and train 1000s of students. Weird.
GRRR makes tall claims for last 13 years but no meaningful delivery ever.
It also claimed it won Taiwanese contracts which is again unverifiable.
Check it track record on Glassdoor and Linkedin to see how many employees and what they say.
Finally, check shareholding pattern : 99% owned by retail investors and zero percent by institutional investors and 1% by insiders.
And short ratio is now 16%
Stay away from this unless you want to ride the momentum
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