DRO (ASX) DroneShield rubbishes critics, courts politicians

Originally posted by BRADASX: ↑

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.

This is Summarized Version by My app

Expand

Originally posted by BRADASX: ↑

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.

This is Summarized Version by My app

Expand

Thanks for the copy and paste and your summary. Methinks that Forest deactivated his social media and deleted previous posts out of fer tat he will be cited for unethical if not illegal activity.

Good to see that Oleg took the offensive and went public with a rebuttal.

(20min delay)
Last $1.32		Change -0.080(5.73%)		Mkt cap ! $1.146B

Open	High	Low	Value	Volume
$1.39	$1.40	$1.32	$12.04M	8.963M

No.	Vol.	Price($)
14	124257	1.315
18	160234	1.310
6	22591	1.305
56	462246	1.300
2	6607	1.295

Price($)	Vol.	No.
1.325	40000	1
1.330	31605	2
1.335	42	1
1.340	250872	5
1.345	72869	4

DroneShield rubbishes critics, courts politicians, page-23

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

DroneShield rubbishes critics, courts politicians, page-23

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News