droneshield recently needed cash to expand for bigger orders so raised 10m from institutions and then took 30m from a massively oversubscribed spp at 30c. admittedly it was trading at something like 37c at cutoff. was a bit of complaining and was under raise price and constrained for 12 months while they executed. but now its running.. be interesting to see what the demand is like for spp and whether they scale back or allow overs. that might be an indication how much they think they need to 'accelerate ' things. or if it was just a mates thing. but i expect that we would only really find that out if we are trading higher than plan price. i suppose any company can say they are well funded for current plans and not be misleading because plans do change. my lesson from above learnt the hard way was that even with solid progress it might now be another 12 months or more before beast awakens
HZR Price at posting:
49.0¢ Sentiment: None Disclosure: Held
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