DRONE AVIATION HOLDI (OTCMKTS:DRNE) Reverses Its Direction

[[tagnumber 0]][[tagnumber 1]]DRONE AVIATION HOLDI (OTCMKTS:DRNE) has certainly had an intense year so far. After ascending the charts in the second half of February and the first sessions of March, reaching above the 50 cent per share mark the stock corrected and slowly began to slide down the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The annual report of the company pushed its stock price even further down when it was filed on March 31. It seems that, although [[tagnumber 6]]DRNE[[tagnumber 7]] financials are impressive for an OTC entity, they were not to the liking of investors. Here are some of the numbers of prime interest contained in the balance sheet for 2014.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.37 million[[tagnumber 13]] [[tagnumber 12]]current assets: $1.49 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $179 thousand[[tagnumber 13]] [[tagnumber 12]]annual revenues: $848 thousand[[tagnumber 13]] [[tagnumber 12]]net loss: $2.1 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers certainly don‘t look that bad compared to other companies that are traded on the OTC marketplace. Still, it appears that they were insufficient for investors and had a negative effect on the price of [[tagnumber 6]]DRNE[[tagnumber 7]].[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Then there was the matter of the dilution. Back in April 2014 the outstanding share count stood at 4 million and by the end of the year that number had increased to 37 million. Between January 1 and March 26 of this year another 8,630,000 have seen the light of day and the preferred A shares that remain are around 300 thousand. This means that we can see further dilution.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Anyway, [[tagnumber 6]]DRNE[[tagnumber 7]] did manage to record a few sessions in the green this month gaining 14.78% and 15.49% in Thursday and Friday respectively. The reason for this was an 8–K filing that revealed CNN will be using [[tagnumber 6]]DRNE[[tagnumber 7]] drones as a part of its global newsgathering operations.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week, however, has started on a bad foot and after losing 4.98% in Monday [[tagnumber 6]]DRNE[[tagnumber 7]] slipped another 10% in yesterday‘s session closing at $0.261. So far, the ticker is stable today, but that doesn‘t mean that you should skip doing your due diligence before putting any money on the line.[[tagnumber 2]]