DCL 0.00% 1.1¢ domacom limited

I Think Today's Volume on the ASX may have actually more than...

  1. 258 Posts.
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    I Think Today's Volume on the ASX  may have actually more than doubled from $5000. by another $6200 in one trade,  Four minutes after I last posted at 3.38pm.

    Imagine what could happen if Domacom  announced a cash strategy ( see below) to take them through after March 2018 and had some marketable product and an income of more than $100k  per annum.

    Who Knows.

    It seems Domacom' s Shareholders and/or new investors  have now reacted to a known 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
    1 :38:32 PM 0.155 7,109 1,101.895  
    2 2:37:47 PM 0.155 2,050 317.750  
    3 2:35:10 PM 0.150 5,000 750.000  
    4 2:33:56 PM 0.145 166 24.070 XT
    5 2:15:17 PM 0.145 4,547 659.315  
    6 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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