Ann: Trading Halt, page-201

Let’s just say, for instance, that the US Government have said “we need $400mil worth of equipment, we need it in the next six months and there will be bipartisan support if at least 50% of it is made in the USA - oHow much ur preference is to go with you guys but you need to be capable of those requirements.”

How much could DRO disclose the rationale, specs etc before the government announces it? They may have even been dropped the hint at the point of the last cap raise “start building your inventory big…now”. Now none of that would be discloseable, but a smart company would start building that capacity knowing it’s how you get that big fish. Just because they haven’t yet announced the contract doesn’t mean that it’s not worth being capable of delivering and the earlier raise may not have been in preparation for contracts that never came, but contracts that grew in scope prior to commencement. It would even be foolish for the US and other allies not to review scope given what’s happened in Ukraine and the field of drones since the last cap raise. And it would be foolish to deliver in dribs and drabs if the demand is for a big order, delivered asap. The alternative is full just what we can and let a competitor fill the rest.

When looking at probabilities, this seems far more likely than “company cap raised and got no sales, has surplus stock and surplus money and is now gonna do more of the same and hope for different results. I don’t think there’s much indication that they’re that stupid or cavalier, especially at a time when they’ve been expressing concern about market manipulation impacting their reputation and credibility.

I HATE cap raisings and dilutions, but for there to impetus to do one tells me there’s likely positives of a significant scale on the horizon. But I’m positive and I suspect the market might be too.