As everybody already knows, I'm very cynical about this company's management. So while I welcome the latest news, it's worth keeping in mind that:
- Last year the directors acted in concert to sell essentially all their shares on the market.
- In January, they voted themselves a fresh tranche of millions of free shares (in the form of zero exercise price options vesting on ridiculously low "targets").
- The AGM is next Tuesday, when the remuneration report is to be voted on by the shareholders.
This smells of the "Vornig Playbook". Encouraging-sounding announcements that make no commitments in terms of money or timing are made close to the times when management wants holders to be contented and pliable.
So I harbour a degree of skepticism about the timing of this news, and would encourage caution to those considering buying Droneshield shares at these prices.
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