Forum Topics DRO DRO Keeping the Worlds Safe

Pinned straw:

Added 4 months ago

The 3 amigos running this outfit are: Oleg, Jethro and Pete.

Director talk:

“DRO’s market leading software, hardware and engineering capabilities provide the platform opportunity to entrench its market leadership and facilitate future growth.”

Director actions:

19/1/24

Jethro Marks awards himself 1,500,000 zero cost options expiring Jan 2029

Peter James awards himself 3,000,000 zero cost options expiring Jan 2029

Oleg awards himself 15,000,000 zero cost options expiring Jan 2029


6/3/24:

Oleg cashes all his 10,456,000 shares for $7.2m

Peter James cashes 5,612,000 of his 6,532,000 shares for $3.8m

Jethro Marks cashes all his 1,292,901 shares for a miserable $889k.

(I can only think that poor little Jethro during the financial orgy must have been sent out to get the grapes and so missed out of most of the fun)

Why does Droneshield need to spend tens of millions to hunt down baddies when they have so much work to do inside their own boardroom?

You couldn’t make this stuff up. 

Nnyck777
Added 4 months ago

Wow! Multiple reasons I would not invest in this company but board members enriching themselves during huge share price run ups and selling out. What can describe something that is more than a red flag? A big red blanket?

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Solvetheriddle
Added 4 months ago

I dont blame mgt really, IMO DRO turned into a bit of a meme stock when those US soldiers were unfortunately killed by a drone last year. dont follow it much but i did note the SP was up more than NVDA, and that is a real feat!

17

NewbieHK
Added 4 months ago

They all sold out much earlier (around 60-70c).

I remember @Strawman asking Oleg about his sale and Oleg said something along the lines of ‘having not taken a salary he wanted to take some money after 10yrs’ or or something to this effect.

As that sale happened at around half the present share price he left a lot on the table. This to me indicates he had no idea the share would run as it did - much like anyone who invested.

Their current options (at least for Oleg) has an action linked to 200m in revenue(?).

On different forum sites I visit this has been a constant gripe from holders, non-holders, want to be holders and probably those who missed the run from 60c to 2.70 and back down to 1.20.

A lot of noise out there which, is not unexpected with one of the can I say “meme” or is better to say “well supported” or “well mentioned” stock in the investing and non-investing world.

14

Scoonie
Added 4 months ago


@NewbieHK , it is all very interesting.

The last 3 annual reports show Oleg’s renumeration as:

Up to 31/12/21:  $307k + $150k cash incentive. Total cash $457k. All up including share benefits $962k

Up to 31/12/22:  $306k   All up including share benefits $516k

Up to 31/12/23:  $330k + $495k performance bonus.  Total cash $825k. All up including share benefits $2.8m.

Maybe Oleg is speaking in today's parlance “his own truth” if he did say something along the lines of:  “….have not taken a salary”.

And I guess that is the concern - what Oleg the Unassuming says and what is the reality. 

19

NewbieHK
Added 4 months ago

@Scoonie clearly I miss-recalled. Presently, laid up in bed with Influenza. I am guessing the brain fog from this “man cold” is the super variant and is affecting me worse than I thought.

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