The chief executive of DroneShield, Oleg Vornik, is privately telling investors that he was justified in selling his entire $50 million stake in the defence technology business because the stock represented a shareholder-approved bonus and the role carried a significant risk to his life.
Vornik has been on the back foot since he and two other directors, including DroneShield chairman Peter James, dumped more than $70 million in shares with little explanation, sending the stock sliding.
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