Ann: $5.9m Fully Underwritten Capital Raising to fund Hobart DC, page-26

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SMXtimes50folds

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15/04/20

19:59

Post #: 44063368
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Originally posted by HandsomeDave: ↑

Well i think that the market cap is currently sitting under the value of the assets they have so one could say that it was undervalued at its current price. I also think that debt would probably become an option once the are covering overheads and that I expect is their first priority.

My concern right now is that with Covid-19 underway that its going to lead to a huge drag on what were already slow colo sales. Salaries seem to be really high when you look at the quarterlies, not to mention what they are spending on travel. I hope there will be some cost cuts and expect that they will have to be made.

I dont think it takes much to right this ship. At least Sydney is done and they seem to be making a few sales with the modules business. Whats crucial now is that we start seeing consistent sales come through. It was good to see board changes I suspect shareholders stepped in. It was not good to see one of the original directors stick around however, they should have removed everyone who was there at formation. I think they did a shit job of it and its reflected in the share price and the poor manner in which they have handled disclosures and announcements.

Im probably going to participate in this raise given the price and options, have just not decided what i will throw in yet. The stock is basically being given away and its a gamble but one that might pay off a bit and help recover whats been lost already. The potential is still there, pity the execution has been diabolical.

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Tread carefully.

The assets is indeed higher than market value but do remember the shareholders will be the last one holding the stick if this going down. You be lucky to get any % out of it.

DXN Price at posting: 1.0¢ Sentiment: Sell Disclosure: Not Held
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Last 6.7¢		Change -0.003(4.29%)		Mkt cap ! $15.65M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.5¢	$48.75K	729.1K

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No.	Vol.	Price($)
1	51705	6.7¢

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Price($)	Vol.	No.
6.9¢	54049	1

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No.	Vol.	Price($)
1	51705	0.067
1	133912	0.065
1	35000	0.062
2	28500	0.059
1	3636	0.055

Price($)	Vol.	No.
0.069	54049	1
0.070	36895	2
0.071	113000	2
0.073	52631	1
0.074	50000	1

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Ann: $5.9m Fully Underwritten Capital Raising to fund Hobart DC, page-26

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Ann: $5.9m Fully Underwritten Capital Raising to fund Hobart DC, page-26

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