Ann: 2024 Half Year Results - Investor Presentation, page-8

#1: directors all dumped 100% their shares at 68c a few months ago
#2: $100m CR in Aril to build up inventory, scaling up manufacturing capacity since 2023, yet where is the $100m sales?
#3: only $20+m sales YTD
#4: another massive $120m CR, but to be used to to develop next gen solutions???

Connecting all the dots, my speculation is that, insiders were on the massive US DOD contract ($200-300m) early 2024 which they have been banging about forever, thus scaled up manufacturing capacity and inventory build up, however that game changer sales fell through, thus directors sold all their shares, they have spent a lot of money on building obsolete inventory they can't sell, and thus in August DRO needed another $100m+ to redevelope a new product line to compete in the future (Cash balance = $230m ...).

Notice they didn't even talk about DOD in the half year report?