DRO 4.66% $1.24 droneshield limited

Thanks for the comments.Firstly whilst I agree with your...

  1. 194 Posts.
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    Thanks for the comments.

    Firstly whilst I agree with your comments, I don't see that the original poster's hyperbole required a fact-checking discussion.

    To me, the main points the original poster was making were that:
    1. DRO hadn't done much research to set the price at what would be best value for the shareholders.
    2. A lack of reasonable inclusion by existing shareholders in the share issue.

    Both these points I agree with. The designated amount of shares in total that retailers can buy is $5M which is about 1% of the market value (although this may increase at Borad discretion?)

    From my perspective the share issue is somewhat confusing; and it is then difficult to know how many shares to buy.
    Clearly if they had sought more money (indeed probably all of $100m) from existing shareholders they probably could have done it.

    I still think the best action plan by shareholders is to write letters to DRO. I agree that an ASIC intervention is pointless.

 
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$1.24
Change
0.055(4.66%)
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$1.18 $1.25 $1.16 $13.08M 10.80M

Buyers (Bids)

No. Vol. Price($)
2 5865 $1.23
 

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Price($) Vol. No.
$1.24 37064 3
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