{"id":5102,"date":"2014-11-06T16:13:50","date_gmt":"2014-11-06T16:13:50","guid":{"rendered":"\/?p=5102"},"modified":"2014-11-06T16:17:01","modified_gmt":"2014-11-06T16:17:01","slug":"drone-aviation-holding-corp-otcmktsdrne-slides-back-down","status":"publish","type":"post","link":"\/articles\/drone-aviation-holding-corp-otcmktsdrne-slides-back-down\/","title":{"rendered":"Drone Aviation Holding Corp. (OTCMKTS:DRNE) Slides Back Down"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/88\/88460\/drne_6m_450x350.png\" border=\"0\" \/>Yesterday Drone Aviation Holding Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DRNE\">DRNE<\/a>) continued its slide and closed another 13% down, stopping at $0.295 by the closing bell. The company now sits a good 70% below the price levels it enjoyed in early September, when share volume picked up dramatically.<\/p>\n<p>The company was launched into massive volume trading in early September with the assistance of a Seeking Alpha article and a couple of press releases. Those who missed it back then may want to know that the piece in question singled out <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DRNE\">DRNE<\/a> as the &#8216;best drone investment&#8217;. It seems the author must have been a little off the mark, considering <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DRNE\">DRNE<\/a> dropped some 70% from the date the Seeking Alpha article came out.<\/p>\n<p>The company produces tethered aerostats and its Blimp in a Box system is used by the DoD. The last couple of press releases coming from <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DRNE\">DRNE<\/a> informed of supply orders for system sustainment equipment for the blimp as well as &#8216;aerial and ground based equipment&#8217; being dispatched to Eglin AF base. This does seem like good news but it remains to be seen whether those orders will translate into significant revenues.<\/p>\n<p>The company last reported the following numbers:<\/p>\n<ul>\n<li>$1.7 million in cash<\/li>\n<li>$2.8 million in current liabilities<\/li>\n<li>$124 thousand in Q2 revenues<\/li>\n<li>$391 thousand in Q2 net loss<\/li>\n<\/ul>\n<p>The disappointing performance of the stock over the past couple of months does not place <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DRNE\">DRNE<\/a> in a particularly favorable position. The company&#8217;s next quarterly report is due next week and it will show if and how the share structure has changed and whether there was any improvement in <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DRNE\">DRNE<\/a>&#8216;s revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday Drone Aviation Holding Corp. (OTCMKTS:DRNE) continued its slide and closed another 13% down, stopping at $0.295 by the closing bell. The company now sits a good 70% below the price levels it enjoyed&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1506],"class_list":["post-5102","post","type-post","status-publish","format-standard","hentry","category-news","tag-drne"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5102"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5102\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}