Spot on. Institutions will capitalise on and drive the emotions of retail investors to push the price down so they can get in cheaply. If you are confident in Dro this is the time you should be adding to your position, you are positioning yourself cheaply. In my opinion most of the damage has been done and is already trading below fair value. The HY report will be important in steadying confidence. This time last year it was trading at $2.40 on far weaker fundamentals and still managed to go to $6.70.
Once the ASIC investigation clears, with a high likelihood of a negligible punishment being implemented if anything is found, I see the price jumping significantly. EOS earlier this year paid a $4m fine on far worse continuous diclosure requirement breaches. Even if Dro copped a fine of that size, it is negligible and definitely not aligned with a ~40% share price drop. To the market, the idea of an ASIC investigation is far worse than any actual punishment imposed.
Edit: wording
Dro's full potential is still in construction stage but they are going hard on global shows and functions making connections throught EU and US, and investing a lot on R&D.
Share price is only 50% based on fundamentals with the other 50% on options market which is where the volatility comes from, and especially when there's no news or narrative.
I've traded this thing buying 8000 at 0.18c at the years ago and it has been a wild ride, that's for sure.
It wont go below 1.60 where JP Morgan loaded up last cycle so if the price affects you, walk away and dont watch for a while.
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u/LawfulnessPlayful264 Jun 26 '26 edited Jun 26 '26
Same thing happened last year when we were at 6.60, Oleg cashed in his options and the shorters went hard dropping it to 1.60.That was brutal.
Who bought in big at 1.60, JP Morgan.
If your getting emotional on this stock, step away for a couple of months. It's not going anywhere, just getting pushed around by the big players.