Covid-19 and DRO

There is a lot of negativity and finger pointing going on amongst the DRO HC Community. However an important matter which is being given virtually no consideration in this forum is... coronavirus.

Covid-19 has put DRO's progress back at least 6 months - at least. The world basically came to a standstill for 6 months. This is not the fault of DRO management of course - but bills still need to be paid.

The profits for virtually every company on the ASX have been hammered, not to mention small business too. Some industries have been completely decimated - tourism and hospitality for instance. Massive losses are being recorded by property developers. Share prices have been been hammered generally. The only group of professionals enjoying current circumstances are of course the liquidators.

In my mind - DRO simply got on with the job. Cut costs, yet continued to developed more hardware. Spruced up website and marketing efforts. Continued to forge new distributor and customer relationships. Continued with testing and demonstrations where possible.

And in the midst of all the Covid-19 carnage, the company has been able to initiate what looks like it will be a successful capital raising, at a price 25% above the low range of the prior six months.

The company now comes out of the pandemic (fingers crossed,) with cash at bank; over 100 distribution partners; potential government customers from numerous countries across the globe; in a rapidly growing industry; with a defense solution which will be pretty much a 'must have' for all police and military; energy and critical infrastructure; stadiums; prisons and airports - the world over.

What's your opinion - do you believe DRO has handled the Covid-19 pandemic well and is well placed for a return to normal?

SK.