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Bullboard - Stock Discussion Forum Drone Delivery Canada Corp V.FLT

Alternate Symbol(s):  TAKOF

Drone Delivery Canada Corp. is a Canada-based drone technology company. The Company is focused on the designing, development and implementation of its proprietary logistics software platform, using drones. The Company’s hardware/software platform is used as a managed service and software as a service business model for government and corporate organizations. It is scalable to operational... see more

TSXV:FLT - Post Discussion

Drone Delivery Canada Corp > what is happening to FLT
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Post by Canadian_101 on Aug 23, 2022 5:06pm

what is happening to FLT

Anyone have any thoughts as to why this keeps dropping, they seem to be laying out the groundwork for success but the SP keeps dropping and dropping, whats the scoop.
Comment by InvestForce on Aug 23, 2022 5:33pm
It's a cash burn concern, likely. That's just my guess. Not likely a problem in reality as DDC can raise equity with shares and warrants. No debt that way but there is some dilution. Those that sold might have expected the millions in revenue that analysts keep projecting but will happen eventually, not on their timeline.