It seems Domacom' s Shareholders and/or new investors have now reacted to a know 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 0 :38:32 PM 0.155 7,109 1,101.895 1 2:37:47 PM 0.155 2,050 317.750 2 2:35:10 PM 0.150 5,000 750.000 3 2:33:56 PM 0.145 166 24.070 XT 4 2:15:17 PM 0.145 4,547 659.315 5 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.
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Critical Cash Strategy Dec 2017, page-3
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