I Think Today's Volume on the ASX may have actually more than doubled from $5000. by another $6200 in one trade, Four minutes after I last posted at 3.38pm.
Imagine what could happen if Domacom announced a cash strategy ( see below) to take them through after March 2018 and had some marketable product and an income of more than $100k per annum.
Who Knows.
It seems Domacom' s Shareholders and/or new investors have now reacted to a known imminent critical cash flow position ( see below) and are rushing to the Bourse to buy DCL stock. Who would have thought that possible.
Since my last post 1 hour ago following the flurry of cross traders , we have had a whopping $3281.14 of trades from 6 investors buying shares in value between $24 (YES $24) and $1,101.89 including 3 trades which were under marketable parcels sizes of $500. If my Maths are correct that means that Domacoms market Capitalization has increased by $1,710,000 ( approx). Not bad for 9 trades totalling $ 5881.79 ( including 4 Crosses and below market parcels).
If some one can provide some intelligence
Column 1
Column 2
Column 3
Column 4
Column 5
1
:38:32 PM
0.155
7,109
1,101.895
2
2:37:47 PM
0.155
2,050
317.750
3
2:35:10 PM
0.150
5,000
750.000
4
2:33:56 PM
0.145
166
24.070
XT
5
2:15:17 PM
0.145
4,547
659.315
6
2:15:17 PM
0.145
2,953
428.185
Domacom reported one month ago at their November 2017 AGM that they would provide the market with a cash flow strategy that would be released during the current month , December 2017. Slide 11 at the AGM contained the following information:
Domacom had cash at 30th September: $2.0 Million
Domacom expected Net Cash outflow forecast for Q4: $1.3 Million Est. and therefore Net Cash at 31 December: would be $0.7 Million, which equates to a cash burn rate of $433k per month on that basis.
Domacom advised shareholders to:
"Expect a December ( 2017 ) update on cash strategy"
On the basis of these projections, without the proffered advice and a remedial Cash Solution ( perhaps still to be announced before Christmas), then it would seem that Cash will become a real concern in February or March of 2018.
Does anyone have any information on the proposed cash strategy.
DCL Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held