It seems the the cross trading share transactions have picked up since my last post regarding Domacoms critical cash position ( below ). The cross trades seem to have hit the sweet spot chasm between the then bid/offer. The following trades were all crosses:
Column 1
Column 2
Column 3
Column 4
Column 5
0
1:48:05 PM
0.145
7,940
1,151.300
XT
1
1:48:05 PM
0.145
960
139.200
XT
2
1:45:52 PM
0.145
9,040
1,310.800
XT
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:
14.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
