"DigitalX Ltd had total cash and cash equivalents of $149,000 at quarter end"
What a comfortable amount of cash to hold...lucky the fundraising went ahead.
The lack of details relating to Airpocket adoption and use seems rather negative.
"Lateral will be introducing DigitalX to a number of clients who wish to integrate blockchain capabilities into their current systems and the two companies will be working together to deliver these solutions. The key component of this relationship will be with DigitalX’s AirID technology."
The Lateral deal might well be the only valuable thing here, though once again it shows DigitalX is having a lot of trouble doing anything on their own. But given the interest of companies in Blockchain solutions, this is one area where we still stand a chance to create something interesting (valuable ?) for the future.
It remains to be seen if DigitalX has enough resources to work on both fronts (Airpocket/Lateral) or if they focus on one lead.
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- Ann: March 2017 Quarterly Report - Appendix 4C
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