The DroneShield share sales should not have been a surprise
The $60 million sell-off by the firm’s top brass triggered a 70 per cent crash, but the fall was foreshadowed at businesses linked to chairman Peter James.
DroneShield shareholders were shocked when chief executive Oleg Vornik, chairman Peter James and director Jethro Marks sold virtually their entire shareholdings in early November.
The result was a short-term 70 per cent crash in DroneShield’s share price (it has since regained some of those losses). But the sales shouldn’t have been a surprise.
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Adam Schwab is the co-founder and chief executive of Luxury Escapes
