As at the end of Dec DMX had a NAV of $6mil. If the intangibles are excluded the NAV drops to $1mil. There has a cash injection of about $1m during the past 6 months. Thus if no money has been lost over the past 6months (unlikely though) the NAV is about $3mil.
Any guesses as to whether there is any real value attachable to the intangibles?
The market cap now is $3.85mil.
There seem to be traders watching the share and buying up the dips. The volume of shares traded is the highest I can recall for a while. I think 1.2mil was the high for the so-called tax loss trading a few weeks ago.
I have been trading both sides today and still confident of a good future but not as confident.
DMX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
