As everybody already knows, I'm very cynical about this...

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:

1. Last year the directors acted in concert to sell essentially all their shares on the market.
2. 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").
3. 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.