You have failed to factor the potential gains from coin liquidations in the current quarter and its potential effect on the projected Consolidated Statement of Cash Flows. In the first table below is an estimate of Coins liquidated (all information was pulled from the December 2017 Quarterly and the recently release Half Yearly). Prior to February 28th. This does not include the Shivom Ether because I cannot tell if it was held or liquidated. If liquidated immediately it would affect the calculations below, as will the exact price of the coin liquidated. My estimates are based on the Median price between December 31 and Feb 28.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 0 Coins Potentially Liquidated 1 Bitcoin Bankera Powerleger Etherparty SingularityNet BitCar INS Ecosystem CoinPoker Bankorus Shivom Ethereum Total 2 12/31 to 2/28 Low coin value $6,234.00 $0.38 $0.40 $1.86 $11.96 3 12/31 to 2/28 High coin value $17,644.00 $1.88 $0.12 $0.31 $1.54 4 Median Coin Value $11,939.00 $1.13 $0.26 $1.09 $0.00 $6.75 $0.00 $0.00 $0.00 $0.00 5 Number of Coins Potentially Sold 14 280,551 1,688,938 2,768,160 24,082 1,317 6 Median Cash Value on sales $167,146.00 $0.00 $317,022.63 $439,123.88 $3,003,453.60 $0.00 $162,553.50 $0.00 $0.00 $0.00 $0.00 $4,089,299.61
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 0 Projected Consolidated Statement of Cash Flows 31 March 2018 Current Quarter USD $'000 Year to Date (9 months) USD $'000 1 1 Cash Flows From Operating Activities $USD'000 $USD'000 2 1.1 Reciepts from customers 4,089 5,535 3 1.2 Payments for 4 a research and development 5 b advertising and marketing (76) (166) 6 c leased assets 7 d staff costs (225) (523) 8 e administration and corporate costs (100) (509) 9 f profesional fees (38) (350) 10 1.3 Dividends received 11 1.4 Interest Received 12 1.5 Interest and other costs of finance paid 13 1.6 Income Taxes Paid 14 1.7 Government grants and tax incentives 15 1.8 Other 16 a capitol raising fees (120) (120) 17 b Interest on interest bearing liabilities (14) (48) 18 1.9 Net Cash from / (used in) operating activities 3,516 3,983
Simply pulling the Estimated Cash Outflows from the December 2017 Quarterly does not tell the whole story. To the contrary it appears that DigitalX will continue to throw off record free cash, as much as 4 times the previous quarter. That puts DigitalX in a good position to continue operations and software development as deemed fit without further financing activity.
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