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1.1¢ domacom limited

looks like you got this call right. T/H to raise cash......but...

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Tinwins

15,090 Posts.

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14/06/19

09:16

Post #: 39054346
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Originally posted by mayafushi ↑

At the last Qtr Update as published on this site on the 31/03/2019, Domacom had cash balance of $531k with a expected next Quarter expenditure ( cash burn rate) of $1079K until 30th June 2019, as I read it.

IMO based on the current burn rate as published by domacom on this site ( reference below) domacoms cash will likely look awfully low during the next few weeks ( on the basis of the numbers published by DCL on Hotcopper).

Refrence: https://hotcopper.com.au/threads/ann-appendix-4c-quarterly.4726111/

If that is the case, does this mean more debt or another round of CR, not sure if that means another Extroidinary General Meeting and if so why didnt they flag it at the last EGM that was held in Sydney only a couple of weeks ago on the 17th of April 2019.

Does any have a view on these numbers.

GLAHLAS and DYOR

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looks like you got this call right.
T/H to raise cash......but dont expect any recognition from the naysayers....

DCL Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
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