So reading between the lines you are working for a competitor...

First 4 Last

Share
Profile

Follow
Aquanaut

509 Posts.

33

05/06/18

16:20

Post #: 33508435
Share

Originally posted by mayafushi ↑

Hi Aqua,

I don't believe Domacom's fresh announcement today regarding " Securing a convertible security funding" is either new or relates to the $1m Anonymous private lenders funds announced prior to this announcement this morning.

On the 16th January 2018 Domacom announced a $1m convertible debt note from Lind. Included in that arrangement ( I believe ) was the capacity for Domacom to drawdown a second Tranche of $500k to support cash flow. It seems that todays announcement alerts the market to the drawdown of those funds.

None of the above is at all relevant to my earlier comments today as follows:

.......... a press release that refers to a " Number of Private Lenders have Joined Forces" to stump up a $100m Facility.

I'm guessing the facility won't be on any balance sheet, so we won't be able to see the funds other than in Media Releases. Happy to be corrected if this is not the case.

No doubt this is a very serendipitous windfall at a very critical time for Domacom.

Regardless, I'm not sure how Domacom is going to employ any of the Anonymous Private Lenders Funds on their key business model, given the Federal Treasurers Ban on MIT's holding Residential Property ( other than exempt " Affordable Housing') is still in place.

I assume shortly we will become aware of the outcome of the proceedings in the " Aissiegolfa" Federal Court Action heard on the 23rd May 2018, in what the CEO described as the " Holy Grail". It seems Judgement has been reserved , I assume pending deliberation on the " Notice of Contention " lodged with the Federal Court on the 24th May 2018.

Expand

So reading between the lines you are working for a competitor and are desperately trying to down ramp DCL at all costs.

Interesting.

DCL Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

2 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Chaos reigns markets – so let's take stock of where we're at ahead of December

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 36 more messages in this thread...

First 4 Last

Add DCL (ASX) to my watchlist

(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $4.790M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

DCL (ASX) Chart

Day chart unavailable

So reading between the lines you are working for a competitor...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game