"so they upped it from $50m to $70m, and then to $100m" – this...

"so they upped it from $50m to $70m, and then to $100m" – this is exactly my issue with this stock as well. Presumably the company's financial management determined that they needed $45 million working capital to build inventory and fund growth. So they quite reasonably launched a $55 million capital raising programme to raise the necessary working capital plus a margin for contingencies. Now the company has doubled the amount to be raised to $115 million. Without providing any rationale for the extra money. It will be wasted, just sitting there doing nothing, just as the extra capital raised last year was.

This is tragic. There is an excellent product being launched into a massive opportunity. Everybody has, and will probably continue to, do well with Droneshield. But the returns are a fraction of what they should be because management are flaky, unpredictable, short-sighted, manipulative of their shareholders, insincere, dangerously financially naive, inexperienced and breath-takingly greedy.