Countermeasures? You think the Big 4 bank will just go along...

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rookiekaiser

59 Posts.

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01/02/19

14:48

Post #: 37300978
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Originally posted by mayafushi: ↑

IMO Just looks like countermeasures to me , until we see the details on the Pilot. You have got to wonder why the CEO sold 1,000,000 (1 Million) shares 2 days before xmas @ 7.5 cents in a off market transaction at 20% above market given he now tells us that the suitor has been undergoing due diligence on Domacom for the last 3 months. Makes no sense to me given the imminent announcement 30 days later and clearly upon the announcement the effect would be to drag the SP higher. Why sell

Yesterday was certainly a shitter for Domacom with a cash in Bank of $530K as at 31 December 2018 and a monthly burn rate of $400Kish pcm historically. IMO on that basis cash might apparently be exhausted over the next few weeks.

Zestfulmocha, I'd be having a look at the NTA, Debt and FUM and consequent Revenue. I would also be having a look at who is the underlying/beneficial holder of the first charge on DCL Assets on the $2.95Million in debt brokered through the "Thundering Herd" entity.

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Countermeasures? You think the Big 4 bank will just go along with these 'countermeasures' just because? Hmmm maybe he needed money?

Low cash balance would definitely have impacted the price jump from the Big 4 news, I agree. Although, I would think that the Big 4 news may change the cash position moving forward.

Zestfulmocha I'd also look at mayafushi's posting history before you take on his advice.

DCL Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Countermeasures? You think the Big 4 bank will just go along...

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