DroneShield’s shareholders learned the hard way that tech investing can be a high-risk, high-reward game. The company’s share price plummeted more than 32 per cent on Thursday – that’s $1 billion in market cap torched – after investors had an adverse reaction to sell-downs by CEO Oleg Vornik, chair Peter James and director Jethro Marks.
The trio themselves avoided the sting of the crash on their own portfolios, of course. Vornik offloaded his shares in the six trading sessions before Thursday, selling nearly $50 million worth. James and Marks sold a combined $17.2 million worth of stock.
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