Hi Occam, The new debt of $1m buys another 65 days ( approx )...

Hi Occam,

The new debt of $1m buys another 65 days ( approx ) post 20th Feb, 2018, based on DCL's projected monthly cash burn rate of $433k per month.

If DCL take up the additional $500K that would extend the cashflow until the end of May 2018 IMO.

At which stage IMO I would assume "Lind" would be the largest creditor in the event of any DOCA if that was to eventuate.

I aslo note that  I cannot find any record of Domacom's Federal Court Appeal to it's recent loss of the "in house asset test" on either the Federal Court Registry or the ASX announcements despite the following quote from the CEO in the AFR on the 12th January 2018 in a article by Joanna Mather, "Domacom chief executive Arthur Naoumidis confirmed an appeal was afoot and said it would be inappropriate to comment further until the legal process had concluded." http://www.copyright link/personal-...-eyes-vast-smsf-opportunities-20180112-h0h98d

If the Federal Court Appeal does not proceed as indicated , I assume the Costs Order  on the lost action of the 15th December 2017 will have to paid within the next 3 months. This would  IMO be outside of the projected cash burn rate of $433k per month, thus reducing the terminal cash time frame.