DroneShield Crisis Deepens: CEO Defends $50m Share Sale as ASX Investors Punish Governance Missteps
DroneShield shares plunged over 30% on November 13 after CEO Oleg Vornik and two directors sold about A$70 million in stock, triggering a month-long rout. The company later admitted to errors in a US contract announcement and saw its US CEO resign, fueling investor concerns over governance and transparency.