I kind of agree @Lewis , I reckon for that sort of money I would have sold the lot, retired and moved to a beach in SE Asia somewhere.

Bird in the hand.. bank it all now and you still have the performance options. Mad not to at that concentration, the only good thing in a way is at least it's like ripping a bandaid off, no slow sell down between 3 of them as a drip feed. It's done now.. but didn't look great

Has the smell of Cettire about it. Oleg has been selling shares the whole way plus the valuation multiple to revenues is insane right? Asking for a friend!

Wow.. thanks Oleg!!

WOW - thank you, fulltime Job and lots of Info i miss news.

that's wild to do that.

Poor holders.

In an attempt to be fair, Oleg and the 2 directors received the shares they sold today on the 5th of Nov... they then sold all those shares over the next few days. I have no doubt they will argue that they now have large tax bills and or too much portfolio concentration in this one stock, both probably true.. but it's a REALLY bad look!

Irrespective of the optics, is it not a good look for the long term outcomes if the CEO decides to dump all their stock at 50% to all time highs.

I would not know how to truly believe in a company where the CEO who doesn’t trust in the the long term prospects to keep even some of the 15m performance rights. Seems like a big tax bill to buy back in later.

disc: not held

Discl: Not Held

I watch DRO from the perspective of my EOS holdings.

What comes out so sharply is that all 3 Directors sold every share they could from their pre-sale holdings, simultaneously. Not a portion, a substantial portion, but every available share for sale. Thats a total Director-stampede-for-the-exits as there is nothing left to dispose ...

With the EU Re-Arming strategy now published with aggressive implementation schedules, with anti-drone peppered all over the strategy and with so much spending there probably won't be enough supply to meet the immediate demand, the timing of this aggressive sale and the message it sends is deeply puzzling/worrying.

Wow thats going to make some angry investors. I was waiting for this drop to get in however seems wise to watch from side lines till we know further. Even the market hasnt bought the drop. Its also going to hurt their reputation re transparency.

@Saiton Like you I have been waiting for a pull back, but this.....Crickey.

I'll just watch from the sidelines, for now.

I did my chart analysis to see if the technicals could find a bottom and I thought $ is about there with in 5-10 cent region (so $2.12 approx). So then went to the Commsec order book to see if could find any orders 50,000 units or greater. There are plenty @ 20K and couple @ 50K. and then 1 order @2.15 for $1.9m or 892,000 units. Thats not institutional order I dont think. Institutions dont like to give away "buying in action" so not to compete with the market. They dont usually put such big orders in. Alternatively they nibble away with smaller orders (100K and the liikes), building the their books. I'd bet that order disappears when it gets closer. someone trying to get the market to prop it up. Some dodgy happenings today.

Note the chart

Normally without todays withdrawal of all 3 top exec's shares, 1 of my alerts triggered on the 3d chart, hitting the bottom of a rising Linear Regression Channel shown in green dotted line.

However not on this news. I will be waiting for what I consider decent waves 1 and 2 to complete then re assess.

I see the team from DRO just responded an ASX price query with the following..

I think it should have been worded slightly differently... something along the lines of....

Overnight our CEO and Chairman decided to perform a Kamikaze Drone Strike on our own share register.. With no warning, no guidance and no explanation of the reasons why, Oleg Vornik decided to torch over $1 Billion in shareholder wealth so he personally could walk away with $50mil in cash. Leaving investors staring at a smouldering crater where a multibagger used to be.

What a complete twat!!

JM

Just to point it out: this is standard behavior for Oleg, Jethro Marks, and James. Meaning selling significant slabs of their holdings, all three together, after receiving a new round of shares.

They last did this prior to 6th March, 2024, which was the date of the ASX announcement - I remember the hoo-ha over it then, so looked it up. That time the SP dropped 14% on the day (from 0.69). The SP was back to 0.70 3 trading days later.

Considering the SP is much higher, and the percentage of holders who are of the readily-spooked kind is much greater, and combined with the stuff-up of the contract announcement (which the directors couldn't have known was going to happen) then a 30% dip seems roughly what one might expect.

I've resigned myself to the fact that DRO is always going to be a volatile stock, at least for the foreseable future. The business itself seems to be powering along in the right direction and that's really all I focus on.

Held in RL and SM.

Great context @Clio -- i came here to make the same observation myself.

As a general rule, i think we as investors tend to read too much into insider selling. I'm not for a second saying we should ignore it, but we do tend to forget all the false positives.

Still..I will also echo the sentiment of others in that it was not handled at all well. And it's not so much that they took some chips off the table, but that they dumped en masse. A very, very poor look.

To your point @Clio

What a crazy weak statement.. I think that’s Oleg saying… I didn’t just screw over shareholders today..

I made sure a substantial number of key Droneshield team members felt the pain as well.

DroneShield US CEO McCrann departs immediately

Matt Bell

DroneShield executive Matt McCrann has resigned, effective immediately, after serving as US chief executive since 2022.

The company said its US operations remain strong, with counterdrone systems deployed across tier 1 government agencies and plans to expand both military and civilian markets.