The quarterly results which have to be released by 30 July are going to be interesting. DTC has been in a downtrend since the top last October after the Vault buyout. There seems to have been sellers of stock issued for this and also by Regal and others who had held for 12 months after the IPO to reduce capital gains. The quarterly results on 26 Jan and 26 April 2021 did not show any major increase in receipts and a big increase in admin/corporate costs. Cash has fallen from $9,637,000 in October to $7,551,000 in Jan and then $4,364,000 in April. Clearly, if this cash burn continues in this quarter's results more capital will need to be raised. If you are not increasing receipts and burning through your cash on corporate and admin costs then raising more funds is going to be a hard sell. So in the next quarterly results If the receipts grow, costs fall and cash increases this could pop and start to move up. However, if the current trend in receipts, costs and cash continues the share price will keep going down.
DTC Price at posting:
77.0¢ Sentiment: Hold Disclosure: Held
