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.

No.	Vol.	Price($)
3	154000	$1.28

No.

Vol.

Price($)

154000

$1.28

Price($)	Vol.	No.
$1.29	3797	1

Price($)

Vol.

No.

$1.29

3797

No.	Vol.	Price($)
3	154000	1.280
5	189748	1.275
11	89605	1.270
1	275	1.265
3	139716	1.260

No.

Vol.

Price($)

154000

1.280

189748

1.275

89605

1.270

275

1.265

139716

1.260

Price($)	Vol.	No.
1.285	3797	1
1.290	16359	2
1.295	106800	2
1.300	74499	8
1.310	64898	8

Price($)

Vol.

No.

1.285

3797

1.290

16359

1.295

106800

1.300

74499

1.310

64898

(20min delay)
Last $1.29		Change 0.115(9.83%)		Mkt cap ! $1.120B

Open	High	Low	Value	Volume
$1.20	$1.31	$1.19	$22.91M	18.13M

Thanks for the copy and paste and your summary. Methinks that...

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Thanks for the copy and paste and your summary. Methinks that...

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