The Bear Room, page-427

How often someone uses the term 'common sense' is often directly correlated with the use of anecdotal evidence and pub level rationale. Often good mates with captain hindsight and argumentum ad populum.

Bear in mind that Bears post in Bull threads so Bulls will post in Bear threads.

The Bear case is relatively simple, but not all easily proven, as a mixture of the below:

• Droneshield (DRO) has no defensible IP and will lose to better resourced and/or connected and/or local (EU/US) companies for contacts
• DROs tech is not viable outside niche and small use cases
• DROs repeat orders will not grow significantly over the NTM
• Management sold all their liquid shares as soon as they doubled this year. This shows no faith in their products and a knowledge that DRO will likely fail to launch beyond CY23. The lack of buying when the SP returned to sub 90c this year supports this.
• Management have focused a lot of advertising money into areas that will be seen by the public which has encouraged retail holders hence this stock has worked more like a pump and dump
• Macro economic factors (Ukraine & Middle East) have driven significant gains in Defense stocks. DRO occupies niche sector for investors to speculate which has driven the SP. This speculation is unfounded (company) but correct (sector). Once the tide goes out, DRO will be shown to be naked without the growth propsects to support the company
• DRO is a great company however overpriced.. The SP is pricing in growth objectives that DRO cannot deliver on. Based on projected growth of (x)% this year the fair value should be <x> cents, with good value being <y> cents.

But Redbills question is mostly "back up what you're saying" which is entirely valid against both the Bears and Bulls who comment here. As yet i've rarely seen anyone articulate anything new. Nothing materially changes week on week and yet we get repeated regurgitation of rubbish daily. You've not got bad news to share, you just have a different opinion which just like <blank> everyone's got one, but not all of them are created equal.