Headline: DRO: DroneShield responds to Rodney Forrest, courts...

Headline: DRO: DroneShield responds to Rodney Forrest, courts James Paterson

Introduction:
• The article starts by introducing Rodney Forrest, a controversial investor, and his impact on the share price of DroneShield.
• Forrest has been previously described as a "peacocking investor" who enjoys attention and making noise about his investments.Forrest's Critique:
• Forrest criticized DroneShield's valuation, calling it "wild" and potentially disastrous.
• His reason: DroneShield's price-to-earnings multiple was (and remains) very high.

DroneShield's Response:
• DroneShield's share price dropped significantly after Forrest's comments.
• DroneShield's CEO, Oleg Vornik, blamed Forrest for the decline, claiming his comments triggered selling.
• Vornik also defended his own past decision to sell his shares, which he claims was unrelated to Forrest's critique.
• Vornik dismissed Forrest's claims about new information, stating that nothing new was revealed at the time of the article's publication.

Analysis of Share Price Drop:
• The article notes that Forrest's short position was small and likely didn't solely cause the share price drop.
• It suggests that DroneShield's retail investor base, which was waiting for a reason to sell, might have been influenced by Forrest's comments.

Forrest's Silence:
• Forrest has deactivated his social media accounts, possibly to avoid further controversy.
• The article suggests he might be trying to adopt a more low-key persona similar to Michael Burry, a famous hedge fund manager.

DroneShield's Political Strategy:
• The article highlights DroneShield's efforts to gain political support, particularly from James Paterson.
• DroneShield features photos of politicians using their products in their quarterly production reports.
• James Paterson's visit to DroneShield is mentioned as an example of their political outreach.

Conclusion:
• The article concludes by summarizing the situation as a clash between Forrest and DroneShield.
• It raises ethical questions about Forrest's investment strategy and its potential to manipulate retail investors.

Author Bio:
• The article includes a short biography of Myriam Robin, the author.

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