RE:RE:Seems to me Drone SP has been grounded Thanks very much for thye insight, seems to me the future will have lots of drones flying around and makes sense for the remote communities to have goods delivered this way.
Happy Easter to you and other investors everyone as well, better days lie ahead.
InvestForce wrote: Nobody really knows all these answers. Maybe this will help, hopefuly with a balanced view (my bias is that I am long with 15,000 shares at a cost basis of 77.6 cents). I bought more and more on the way down in 20% increments of my desired allocation, which allowed me to lower my cost basis significantly. They sent out a realease inviting new cutomers but no release on how many new deals were made from that. In general, Canaduian companies don't say much and the vacuum of silence leads to price movements that may or may not be reflective of where the stock should be. There is some evidence that the initial plan for delivery to remote First Nations is underway and that DDC was granted essential service status. No need for essential service status unless you have active contracts so it is reasonable to assume they are generating an income. That's new for this company. Loses will likely exceed revenues for some time but it's not all loses now and that gap, we hope, is narrowing. They have enough cash for maybe 1 year without contracts but it seems they have at least one. If investors tie in what happens with airlines and Air Canada with the likelihood of DDC losing ground, that would explain some of this drop. Just look at Chorus which was trading at near bankruptcy or cash levels, before it rebounded. The big limitation for DDC with the healthcare initiative is tht they have non line of sight licensing, low competition, but still they can't operate in cities where drones would be needed most. That takes regulation they don't have. I can't advise, of course, but that's why I am positive for the short term and long term for DDC and why I will buy more if the market retests the bottom.
Another point, insider trading is picking up a lot now, which is positive, though I apologize to everyone for confusing the issue early on.
Thank you to all who post their insight, good and bad, on this site.
Happy Pasosver and Happy Easter to all. Stay healthy.