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$1.30 droneshield limited

Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-26

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Nooby

755 Posts.

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18/04/24

09:37

Post #: 73400651
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Originally posted by rythex: ↑

A great example of retail investors getting screwed up by institutions.

All planned up with few institutions and DRO management - Releasing announcements and tentatively pump up the share price to attract investors.

Then dump the shares at $1.1 to all retail investors before buying back at $0.8 / share through unnecessary capital raise.

If the company already has over $50m in cash and minimal debt there is absolutely no need to raise another $75m.

Bit ridiculous in my opinion plus the company has actually burnt $10m in cash in Q1 2024 alone, despite "claiming 10x on revenue" but cash receipt shows otherwise, pretty much the same as Q1 2023 at $7m.

Seems like more cash burnt this year, in tens of millions, hence the cap raise.

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They have created fomo events multiple times and dumped into it the very next day, multiple times.

DRO Price at posting: $1.12 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.30		Change 0.000(0.00%)		Mkt cap ! $937.7M

Open	High	Low	Value	Volume
$1.24	$1.32	$1.18	$12.78M	10.05M

Buyers (Bids)

No.	Vol.	Price($)
2	11612	$1.29

Sellers (Offers)

Price($)	Vol.	No.
$1.30	3724	1

View Market Depth

No.	Vol.	Price($)
2	11612	1.290
2	5467	1.285
4	75001	1.280
3	37501	1.275
7	29110	1.270

Price($)	Vol.	No.
1.295	3724	1
1.300	34000	3
1.305	34598	4
1.310	34664	4
1.315	21527	3

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last $1.30			Change 0.000 ( 0.68 %)
Open	High		Low	Volume
$1.22	$1.32		$1.19	2801176
Last updated 15.59pm 07/06/2024 ?

DRO (ASX) Chart