DRO 4.21% $1.25 droneshield limited

Ann: Trading Halt, page-236

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  1. 772 Posts.
    lightbulb Created with Sketch. 333
    Changed my sentiment to “sell”

    great business with bumper revenue growth but terrible management. If you look at the quarterly they had quite a lot of cash outflow instead of cash inflow from operations.

    it’s crazy that drone shield is not making free cashflow when they are getting demand during multiple wars.

    This reminds me of another company called “EOS” where they had similar kind of revenue growth but fked everything up by not growing profitably. I feel a similar story for drone shield is on the works.

    Gonna get out of this, hopefully with my pants not torn.

 
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