DF DFSC DEFSEC Technologies Inc. Loading... : Bullish and Bearish Analyst Opinions

The author argues DFSC (Bliss) is a company that cannot keep the same name because its dilution mechanism is so extreme, and it lacks revenue while diluting and doing reverse splits to maintain exchange listings. The implied mechanism is that ongoing dilution and reverse splits destroy shareholder value and signal a deteriorating business. The author frames this rhetorically as 'how bad could things get,' indicating a strongly negative view.

Author argues DEFSEC's BLISS laser-warning system, evolved from seven years of BLDS development, is now being tested with a U.S. Army vehicle program and integrated with TAK, positioning it for the Army's >4,000-kit Vehicle Protection System requirement. The investment question has shifted from technology development to converting military evaluation into integration, adoption and production, with DEFSEC's C4ISR/ISTAR arm growing (Q3 FY2026 revenue C$2.72M, up 92% YoY) and an August 2026 C$5.54M financing funding market development. Main risk is that there is no public proof BLISS was selected for the 4,000-unit VPS requirement or participated in the specific Army sensor event. Author discloses holding a position.