I agree with your comment that there are plenty of struggling companies and Domacom is one of them. In terms of giving them a fair go, that is probably our point of contention. IMO having raised around $20m and almost exhausted that together with overseeing a share price collapse from 75 cents to a low of 0.064cents that it would seem to me, a fair go has come and gone.
Most of my investors were extremely enthusiastic pre float, for both Arthur ( many invested because of Arthur and Kohler) and DCL and the sentiments of those investors sadly rapidly deteriorated with DCL's performance or more relevantly lack thereof.
The current point on the Federal Treasurers Ban and DCL's responses have been mind boggling.
IMO Arthur, should address , in his words, "the Elephants in the room". The new debt ( convertible notes) will IMO be a short term fix, maybe 3 months, then what.
I know Arthur has stated that he will announce cost cutting measures by the end of this month in line with the new debt that could extend cash flow beyond the 3 months, but you still end up with what then.
Maybe IMO its a complete management and capital restructure.
Frugs, give Arthur a tap on the shoulder and see if he can get more funds under management outside of the Treasurers MIT Ban on Residential Property other than "Affordable Housing".
DCL Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
