No Bank Announcement Yet and Cash Running Low at Domacom, page-5

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poyndexter

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03/02/19

09:25

Post #: 37312703
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Originally posted by mayafushi ↑

IMO Yesterday would have seen a pretty significant Share Price fall for Domacom if had not been for the unnamed bank announcement.

The cash at bank number of only $530K was announced 10mins after the market closed on Thursday and the unnamed bank announcement occurred 40mins before the market opened on Friday. Pretty darn lucky i'd say that there was no opportunity for market to trade the released financials because, IMO Domacom would have got hammered on Friday..

SO WHERE IS THE BANK ANNOUNCEMENT AND THE DETAIL OF THE SO CALLED PILOT , until that is released IMO it's still all looking pretty shitfull.

OK on the financial front DOMACOM released its QTR report to the ASX on Thursday which showed that it only had $530k in the Bank as at 31 December 2018.
IMO Domacom has a historic cash burn rate of $400k - $430kpcm. If I divide the cash burn rate by 30 days, that equals a daily cash burn rate of $14,333.00 per day.If we then take the bank balance of $530k and divide it by the daily cash burn rate of $14.3k.

Then IMO we have the number of days until DOMACOMs cash is exhausted based on the above parameters. In this case 36.97 days. So if we take the commencement date of 30th December 2018 and add 36.97 days ( lets call it 37) that would mean that based on these numbers IMO DOMACOMS cash will be exhausted by approximately on or around Wednesday the 6th January 2019.

Obviously DOMACOM can borrow more or raise more capital between now and next Wednesday the 6th January ( approx) and that will extend their time line.

What can I say, IMO still not a great OPTIC especially when viewed in Cinemascope with Dolby Surround.

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There is duplication here ... best you return to existing threads to discuss with other members ... this thread closed ... PD

DCL Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
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No Bank Announcement Yet and Cash Running Low at Domacom, page-5

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