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3.63%

$1.29 droneshield limited

and I assume you will never grow at the rate that a public...

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The auditor

1,189 Posts.

36

18/04/24

12:27

Post #: 73405802
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Originally posted by Mayi: ↑

If you are referring to me...

If you must know I have been investing in companies since the 70s and am a director of an electronic engineering company (not dissimilar to DRO) and I can tell you that DRO does not need this cash, just as I said it did not need the cash last time, which has proved 100% accurate.

It is true that the company that I am a director of is not listed. It is not listed because there are huge costs associated with being listed and the owners have a fiduciary responsibility to shareholders who have voting rights (though DRO does not seem to take that at all seriously) which is sometimes inconvenient. Though, the most important consideration in not selling our own shares, is that once the IP is developed and manufacturing set up and profitable, these companies require very new little capital. As a result, our shareholders (includes myself) have decided not to dilute our profits by selling shares to third parties who offer nothing in terms of developing the business.

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and I assume you will never grow at the rate that a public company with access to public funds grows

DRO Price at posting: $1.12 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.29		Change 0.045(3.63%)		Mkt cap ! $926.8M

Open	High	Low	Value	Volume
$1.22	$1.30	$1.20	$10.80M	8.594M

Buyers (Bids)

No.	Vol.	Price($)
16	32922	$1.28

Sellers (Offers)

Price($)	Vol.	No.
$1.29	191441	7

View Market Depth

No.	Vol.	Price($)
34	77255	1.280
9	72452	1.275
9	119023	1.270
6	415222	1.265
5	18081	1.260

Price($)	Vol.	No.
1.285	156764	8
1.290	62264	7
1.295	99247	12
1.300	380019	36
1.305	100966	10

Last trade - 15.56pm 04/06/2024 (20 minute delay)


Last $1.29			Change 0.045 ( 4.77 %)
Open	High		Low	Volume
$1.21	$1.30		$1.20	3356116
Last updated 15.59pm 04/06/2024 ?

DRO (ASX) Chart