DTZ 3.85% 12.5¢ dotz nano limited

Moving Fowards - Where we at?

  1. 402 Posts.
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    So... after all the news and corruption exposure and the dust has settles.. I ask myself so where is DTZ at right now? Cash position should was at end of March 1.69 million. We previously calculated burn rate of 300k per month. So at YTD should have around 1 million in the bank at least. This could be substantially higher as Moti elected to pay out a lot of the company debts with shares but would take the lower value to be safe. So this means we can see the financial year through and expect a CR in July/August if no substantial news. Reasons why I don't think we will see a CR. 1. Former CEO had hired a few more board members who specifically had the skill set in contract negotiations. Now you wouldn't hire these board members to sit around and wait for contracts. You would expect them to be dealing with and playing with contacts at least within the quarter they was hired in. Plus as per a lot of the previous fluff MOU announcements, a lot of them come to key dates on which the company should announce if both parties are to continue - Recochem Australia (June 2018). 2. He has mentioned cost cutting measures until monthly revenue contracts are signed and delivered. 3. The plant is up and at capacity of 30,000 kg per annum. 4. He decided to issue out to everyone and his buddies shares whilst at this lower price, if he was anticipating a CR, he would do it after CR to swindle and more shares and a much cheaper price and flip for more profit in the transition to commercialisation. Now for anyone out there.. you do not spend millions upgrading plant and equipment to have it sitting around collecting dust... it was completed 30th of April and been doing nothing for 4 weeks.. or maybe it pumped out the 10kg that was announced the other week. Let's forget all the previous BS with the last CEO and formulate a few more valid points or questions for the AGM and find out where the company really is, in the path to commercialisation. The fundamentals are still strong with this tech, and now being lead by better management that has been warned by the ASX and will not tolerate anything else.
 
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