Todays volume was an all time high, since listing in 2009
During the year ended 30 June 2013, directors of DGI elected to forego remuneration in line with the company’s focus on cash preservation.
Clearly not a wage milking vehicle. No shares or options were issued to directors during the year either. This I like very much.
Total net cash outflows for the entire year were just $150k.
$904,000 cash, $34,000 trade and receivables, debt free.
From most recent report -
DGI is in discussions with component manufacturers to provide the gamer with a hi-tech and comfortable platform.DGI has sourced and is in the process of securing agreements with mini projector manufacturers in China regarding the manufacture and/or distribution of products.
DGI is considering its strategy to enter the ‘Media Chair’ (Gamers) category through a combination of its own unique IP and existing technology and has furthered its initial discussions with component manufacturers to achieve this end result.
Looking for acquisitions. Steinepris knows more than anyone in the business about mergers, acquisitions and backdoor listings.
He is chairman and major holder - Im backing the jockey - he wants DGI stock to go up - he would have noticed or been made aware of the effect the DealsDirect proposal had on MNZ, and especially the Asia Pacific Digital effect on DIG - he was a DIG director up until recently.
He personally (through BlueKnight and Steinepris Paganin, recapitalised the company last year - subscribed for 20,000,000 shares at average price of .007, and 3.5 million options with a 1c strike... he can make another small fortune just from the options if DGI share price does well - note they are not listed so cannot sell them on market, just exercise them, which also brings the benefit of more cash to DGI
............................................................ Roger Steinepreis - legal adviser to numerous ASX-listed companies, specialising in company restructures, initial public offerings and takeovers.
Former director of DIG - close ties with Asia Pacific Digital, Digital Performance Group and Co-Investor Capital. Good access to potential digital/mobile/gaming/app acquisition opportunities.
Holds holds 22 million DGI shares and 3.5 million 1c options ............................................................
2006 - DGI won New Inventors and was a World Technology Award nominee ............................................................
