I would think that they will abandon DataTrace in hope to give DDT some legs in the financial department. Those figures were appalling!
The 900K reported in “restructuring costs” which they say related to employee payouts and legal fees, I am sure were most likely incurred fighting payouts that ex employees were entitled to and haven't received.
If they had taken the correct steps in the beginning, I don’t think the new DDT would be experiencing the dismal EOY result. 10m loss, I mean really….
And talk of another capital raising is one of the options to keep them a going concern, of the current shareholders that have watched DDT go down hill over the past 7months, is there really anyone who will invest through another capital raising. Why would you do it in this climate and after the last catastrophe?
I'm speechless, again I say 10/11 million loss?
DDT Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
