$Droneshield Ltd (DRO.AU)$ this is great news this company i...
$Droneshield Ltd (DRO.AU)$ this is great news this company is going places five contracts they just announced it's April.. they have been globe trotting for the past 2 months going around the world attending sales expos product demonstrations and it's paying off in a very big way... they're going to have a hell of a lot more than five contracts coming in. this is amazing news.
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Swooping Magpie : When it goes over $1, does it get listed in the USA?
10baggerbamm OP Swooping Magpie : no they have to make an application to the NASDAQ. and it needs to be over two bucks and then I think it's like 30 day average price over $2 they need a certain number of shareholders the shareholders is not an issue.. that's why I'm saying that it actually to me makes sense if they were to just reverse split the stock do a 10 to 1 reverse split or a 6:1 reverse split whatever and make an application in the NASDAQ because their pool of investors that will buy the stock it goes up 100 fold maybe a thousand fold there's so many people that won't touch a pink sheet stock. additionally right now there's zero mutual funds zero institutional ownership in the US they're just not going to buy it if they were to reverse split the stock make application that NASDAQ now you'll have your small cap growth funds you're aggressive growth funds they will take positions so in my opinion it makes sense for them to do it sooner than later