Donald Trump just poached DroneShield’s advisory board member
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Dr Samantha Ravich has stepped down from DroneShield’s advisory board after she was handpicked by President Donald Trump to be the Vice Chairwoman of the President’s Intelligence Advisory Board.
On Tuesday President Trump announced his plan to appoint Dr Ravich to the key position in his Administration to help shape intelligence policy.
Dr Ravich resigned from her position on anti-drone gun maker DroneShield’s (ASX:DRO) advisory board. She had served in the role since June 2016.
Droneshield makes the DroneGun — a rifle-style, battery-powered device designed to inspect and knock out enemy drone models.
DroneShield shares initially rose slightly, up 6 per cent to 18c. The stock is valued at about $30 million.
The company’s full-year results are yet to be released, but yesterday’s half-year results revealed a loss of $3.6 million, a 20 per cent increase on the previous half-year, though revenues rose slightly to $236,758, up 5 per cent.
Previously Dr Ravich has been a deputy national security adviser to Vice President Dick Cheney.