RKT 7.69% 1.4¢ rocketdna ltd.

Ann: Delta Drone to Divest ParaZero for A$6 Million in Cash, page-3

  1. 1,445 Posts.
    lightbulb Created with Sketch. 881
    lol what the absolute fk is going on with this company.
    Parazero drone safety company.
    Then some sort of reverse-takover merger thing with rocketmine to provide drones as a service
    now selling Parazero.

    All the meanwhile directors taking chunky salaries to not really create much actual value for shareholders but just shift things around.....

    I held this for ages because it was one of the first stocks I bought (just a few hundred $) and seeing it there was a good reminder that stocks can go seriously backwards. But this company has just been doing absolutely NOTHING so it doesn't even give an interesting case to follow along. Sold out last week after holding for 3 years, and now it turns out they're selling off what was previously the companies core offering, for a fraction of what the company was valued at when I first bought in.

    Lesson learnt. Do research, and management matters.
 
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