DRO 7.34% $2.34 droneshield limited

Ann: Outstanding Shareholder Support for Share Purchase Plan, page-36

  1. 5,877 Posts.
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    A lot of people here I feel aren’t looking at the bigger picture and simply don’t realise how good this is - they have had firm commitments of $30 mill from existing shareholders. I’ve never seen this from a sub $200 mill company.

    Companies like DRO in this type of growth phase require a large amount of capital to grow production to fulfil future orders - they have now secured the balance sheet, via ocurrent shareholders - who obviously see the value at 30c to stump up the capital. Having an extra $27 odd million won’t devalue the company or change the Enterprise Value…yes a dilution but the trade off is a secure balance sheet and roadmap in a difficult economy when credit markets are tight.

    Just my 30c
    Last edited by Andrew1234: 07/03/23
 
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