DCL 0.00% 1.1¢ domacom limited

Domacom reported one month ago at their November 2017 AGM that...

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    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.
 
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