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Draganfly Inc C.DPRO

Alternate Symbol(s):  DPRO

Draganfly Inc. is a Canada-based creator of drone solutions, software, and artificial intelligence (AI) systems. The Company’s segments include Drones, Vital (Vital Intelligence), and Corporate. The Drones segment includes products and services related to the sale of unmanned aerial vehicles (UAV). The Vital Intelligence segment is engaged in the sale of products that measure vitals to help detect symptoms from large groups of people from a distance. The Company creates unmanned and remote data collection and analysis platforms and systems. The Company manufactures and sells a range of multi-rotor helicopters, industrial aerial video systems, and civilian small unmanned aerial systems or vehicles. Its products include the Heavy Lift Drone, Long-range LiDAR, Commander 3 XL, Commander 2, Quantix Mapper, Draganflyer X4-P, and others. Its services include custom engineering, training, flight services, data services, enterprise drone solutions, and spraying services.


CSE:DPRO - Post by User

Post by SteveC2020on Dec 10, 2021 3:24pm
176 Views
Post# 34219939

Fundamentals intact, Tax Loss/Reg A selling

Fundamentals intact, Tax Loss/Reg A selling Guys, the severe drop in price is not due to the CEO or the President lying as Hopeful123 alludes to. They have not overpromised and undelivered. Their only real mistake imo was doing the $20 million raise on the Nasdaq uplist at below market price. However, that greatly improved their balance sheet so in the long run that may work out. This is a technical selloff. Now, tax loss selling is in full force as is overall weakness in the speculative small/micro cap investment world. 1.5 million shares started to became available to trade on Nov. 5. I know because I owned a shitload of those shares. My US broker didn't deposit them till Nov. 16th -I sold them all, even though I like the company. Why? Because I knew that 5.5 million more shares at a cost basis of $2.35 would start to become available to trade from the Reg A financing on December 5. For those who claim to have been duped by this fact, you have no one but yourself to blame and you didn't do your due diligence on the company regarding its share structure or financing. The Reg A selling is by far the biggest pressure on the stock. Unfortunately this will likely continue through the rest of this month, setting up an unreal opportunity to go long once the capitulation and panic/tax loss selliing is over. The fundamentals within the company and the industry are getting better.  Draganfly by any fundamental measure is doing better than its competitors Drone Delivery Canada and AgEagle, yet trades at a fraction of the market cap. Why? because it's technically weak - no more, no less. 
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