DroneShield Shares Plunge Following Executive Stock Liquidation

Australian counter-drone technology firm DroneShield witnessed a severe market downturn this week, with its share price collapsing by more than 30% during a single trading session. The catalyst for this dramatic sell-off was the disclosure that Chief Executive Officer Oleg Vornik had divested his entire personal stake in the company. This transaction, involving approximately 14.8 million shares valued at A$49.5 million, sent shockwaves through the investment community and triggered a crisis of confidence.

The situation escalated when regulatory filings released on Wednesday, November 12, revealed that the selling spree was not confined to the CEO. Chairman Peter James disposed of holdings worth A$12.3 million, while board member Jethro Marks sold A$4.9 million in stock. Read more...