I note in the previous 4C (April) that they had $1.783m in the bank and had a quarterly cash burn just for staff (910k), admin (511k) and leased assets (405k) of $1.8m. That's not accounting for any costs for building the containers.
It also mentions "Currently the Board has no plans to raise additional capital via placement or otherwise. Any sale of the Company’s data centre assets will provide cash injections.
Negotiations are ongoing and the Board will provide further updates as they become available."
Humor me as being fresh to tech but they should be out of cash and fire selling one of their data centres? I don't understand why nobody is selling their shares while they can get something back.
What am i missing here? Happy for someone to fill in the gaps
DXN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
