Ratings Downgrade for Domacom, page-4

Sorry forgot to post the reference to the Rating Downgrade:

"SQM is concerned about the ongoing viability of DomaCom given the inability to demonstrate any steep increases in funds under management over recent years," the note said.
Still in a development phase, DomaCom posted a loss of $6.1 million for the 2017 financial year, up from a loss of $6 million in 2016.

It didn't generate any operating cashflows relying mainly on funds raised through capital raisings. It also said it would raise up to $2 million via a convertible note in January, including one which was issued on Wednesday.


Read more: http://www.copyright link/real-estate/sqm-research-downgrades-domacom-20180207-h0v5n6#ixzz58sEElXbL
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