OTCQX:DMMIF - Post by User
Post by
Angleinv123on May 07, 2019 12:45pm
124 Views
Post# 29720255
AIF
AIF
The three year history at the start of teh AIF makes interesting reading as it summarizes all the financing over the last 3 years. Basically since new management took over at the end of Q3 2016 the Company has raised (or converted debt to equity) a total of $33m.
On September 30, 2016 the Company had negative working capital (which I have calculated as current assets less current liabilities and long term debt) of $14m. That balance has increased to $16.5m on December 31, 2018.
Broadly speaking then the finacial position is worst today than when the new BOD took over despite raising $33m. They obviosuly can't turn the operation around which doeas alot to expalain the Tital meger.