DDT 0.00% 0.4¢ datadot technology limited

possible capital raising

  1. 718 Posts.
    lightbulb Created with Sketch. 87
    If I were DDT's CEO, I'd be very tempted to take advantage of this spike and place a couple of million at around 4c next week. Management could then pay off DDT's modest debt, and give the company a comfortable cash cushion (in case we get a 'w' shaped recovery), which would help attract longer term investors. Indeed, the nature and spacing of the recent newsflow almost looks contrived, as if management has a strategy to pump up the share price and then hit the market for a placement with as little dilution as possible.

    IMO if they don't conduct a placement soon, this period will be looked back upon as a wasted opportunity.
 
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