Things are looking pretty tough at DC2 atm:
- Alto and Xcel capital are the lead broker, earnings $105k from the raise at 6%, plus 4m options at 11c. Reinforced my point from previous post RE conflict of interest DC2 Chair Shane and Alto.
- DC2 raised $2.5m in September 2021 and used it up in less than a year. What makes them think raising $1.75m this time will be sufficient?
- Blake gets a $160k payrise plus super. Congrats.
- RE the partnership with Attained Group. Conveniently did not mention Blake is the CFO of Attained.
- Cancelling performance rights. All optics. Probably couldn't achieve the preset key performances, and cancelling performance rights also cancels tax obligations. Smart move by the 2.
- Crypto mining: Good luck. If they own crypto then it's a guarantee delisting from the ASX.
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- Ann: DC2 Implements New Strategy to Accelerate Growth Trajectory
Things are looking pretty tough at DC2 atm:Alto and Xcel capital...
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