They got that last round past the SO’s..…(not the retailers though).... but those $5.5mil funds have pretty much been eaten away in a single qtr?!? The Dec qtr cashburn rate was excessive (and somewhat irresponsible from management/board) even for a tech start up…. and the lack of cash receipts now leaves the company in a risky position. SOs will want a much bigger discount before giving away anymore funds to Dough…. and that would be very dilutive for any existing SH. Management need to either drastically cut expenses, raise funds (as stated) or create immediate exponential ‘cashflow’. The mkt cap is still around $28mil…. And based on their risky financial position (as per this 4c) I feel this still has some way to fall.
DOU Price at posting:
5.2¢ Sentiment: Sell Disclosure: Not Held
