"That CR was oversubscribed buts its basis was to fund pre orders for chips et al to manufacture to stock." – absolutely correct. But was it used that way? Did the anticipated sales eventuate? No it wasn't and they didn't. That's why the company still has over $50 million in cash. They didn't need it. They haven't used it. And all the same people who were wildly exuberant over that capital raise seem to have absolutely no reservations that this time around Droneshield management is going to suddenly become wonderful managers of capital.
"That CR was oversubscribed buts its basis was to fund pre...
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Last
$1.24 |
Change
0.115(10.2%) |
Mkt cap ! $897.9M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.25 | $1.15 | $14.55M | 12.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 190565 | 8 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
0.115 ( 11.3 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.25 | $1.15 | 3573630 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| DRO (ASX) Chart |