So, when will DCL need the next Debt Borrowing or Cap Raising

In my opinion, The new $1.5m Cap Raising has IMO already been partially consumed and is a long way short from the prediction of the "Double Down" $2.5m published on this site by Rookie Kaiser.

I am not sure where this really leaves Domacom in terms of the next cash flow critical reference point. If you have a look at Domacoms last Qtr Report. We had cash in the Bank of $531K as at 31/03/19, with expected cash expenditure till the 30th June 2019 of -($1079K). This results therefore IMO with a negative balance in the Bank as indicated by Domacom in their last Qtr Report of Negative -($548k), 30/06/19, admitably unadjusted for any minor icome and expediture variations.

In adding back IMO the new raising of $1.5m less the anticpated cash position of 30/06/19 -($548K), will we have a cash position at the 1st July 2019 of about $950K ( projection) or IMO Two plus months of trading from then.

IMO looks like a short term patch to me.

Interesting to see this comment by Domacom in todays ASX announcement and published on this site:

“After 7 years and around $35 million in capital, the company has completed all product development andis now poised to commercialise the business.”

Wow, thats a truck load of spent shareholders money IMO.,with potentially $950K in the Bank 7 years later.