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3.37%

$1.01 droneshield limited

Ann: Outstanding Shareholder Support for Share Purchase Plan, page-56

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Sirbrighton

396 Posts.

79

08/03/23

12:53

Post #: 66658989
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Originally posted by stardestr0yer: ↑

I was really interested in this stock until I saw this announcement. While it was at the boards discretion, increasing the raise so significantly was insane for the following reasons:
S708 investors would have participated thinking that the raise was going to be tight because the SPP was so small, that most investors would not arbitrage as they would not be guaranteed the sam allocation
Many who put in for such a large amount would have expected scale backs
To me this will be a license for management to burn cash with a grow at "ANY" cost mentalitry simply because they have the cash
I would expect many s707 investors to immediately sell their holdings as they know that when teh SPP shares come out, many existing holders may want to sell as they were not expecting a full allocation.

Then if the price drifts below 30c, then some sellers will panic and just sell.

I am holding back now to see how the SP settles for about a week post the shares release.

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If it dips to 25/26 cents im back in to average down
DRO Price at posting: 34.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last $1.01		Change -0.035(3.37%)		Mkt cap ! $876.4M

Open	High	Low	Value	Volume
$1.06	$1.07	$1.00	$11.98M	11.68M

Buyers (Bids)

No.	Vol.	Price($)
19	201611	$1.01

Sellers (Offers)

Price($)	Vol.	No.
$1.01	253123	38

View Market Depth

No.	Vol.	Price($)
14	201420	1.005
144	650069	1.000
20	281762	0.995
53	403603	0.990
11	137675	0.985

Price($)	Vol.	No.
1.010	135460	22
1.015	202401	21
1.020	171505	12
1.025	271501	11
1.030	559583	9

Last trade - 14.24pm 17/10/2024 (20 minute delay)

DRO (ASX) Chart

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