DRO 0.34% $1.46 droneshield limited

Literally its exactly what they said they're raising the capital...

  1. 505 Posts.
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    Literally its exactly what they said they're raising the capital for along with investment in staff and R&D investment, specifically in AI.
    • What are you unsure about?
    • What do you think is inaccurate or unviable?

    Why are you talking about sales pipelines and signed contracts. They've raised capital for the above purposes. Thats it. No dividends. We're an early stage growth business.

    Lastly in your post re: options
    "What is zero is your understanding of incentive stock options. Options have a strike price and that price is not zero, it is related to the price of DRO when the option is granted."

    This isn't quite right. The options held by the board are ZEPOs. Zero Exercise Price Options. They expire after 3 years, or they vest. They cannot trade them. They exercise for $0 purchase price with a value equal to the closing price on the day they vest. The shares they sold have primarily come from ZEPOs not options. The options listed are more commonly held by Pelaton, Bell Potter and select DRO staff. Only 1.2m in options lapsed last year, v. 28m that were exercised (including ZEPOs)

    Note c: During the year, 2,799,168 options were exercised using limited-recourse loans, where the Company provided interest free loans for conversion of options previously issued by the Company into shares. The loans are due for repayment within 5 years from the date of inception. The loans are non-recourse except against the shares issued on exercise of the options and are held by the participant to which the loan relates. 24,500,000 options were performance options, which vested during the year and were exercised at a zero-exercise price.
    Last edited by specvestor: 11/05/24
 
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