Does anybody have any clues on whats going on with DCL's price....

Does anybody have any clues on whats going on with DCL's price.

This is a far cry from the CEO saying he is anticipating a company worth $80 million to $100 million upon listing on the ASX in November 2016. I note that some posters have said give the stock time to get traction, however I think the CEO statement pre listing was that that "DCL eyes a $80M to $100m float." I just don't get how this valuation was possible. A fall from 75cents to 10cents in 7 months is monumental.

I think my maths of the reported capital shows that they have raised about $20million in pre and IPO raisings and according to DCL's lastest ASX Qtr report there is only $4 million left. A large cost seems to be developing platform software and recovering that through Federal Government recovery grants for R&D. I really can't work out from the accounts if these costs were incurred internally or paid to a third party provider. They seem to be the only winners in this float.

Previously Held this stock, I don't think I should average down while price is still heading south.

I would Value any other Views