DomaCom Limited (ASX:DCL) Responds to Media Allegations
Response to Speculative Claims
DomaCom Limited (ASX:DCL) has responded to recent media articles questioning its financial position. Claims made in a recent Australian Financial Review article have been firmly refuted by the Company, which emphasises its commitment to Unit Holders amid these allegations.
Financial Stability and Growth
DomaCom reassures investors of its financial stability, countering assertions of being in a “precarious financial position.” The Company has secured fresh financial commitments, enhancing its operational foundations. A member resolution passed on 25 November 2024 enables the issuance of up to 400,000,000 shares, providing DomaCom with a robust capitalisation strategy for sustainable growth. CEO Darren Younger stated, “We remain confident in our financial outlook, focusing on delivering value for all our stakeholders.”
Focus on Unit Holder Engagement
Despite challenges associated with certain NDIS sub-funds, DomaCom is committed to a “fund-first” vision. The Company prioritises active communication with Unit Holders to implement strategies that aim to restore the value of these sub-funds. DomaCom is dedicated to collaborating with Unit Holders for optimal outcomes while ensuring transparency in all processes.
Clarification on Misleading Claims
The Company has clarified misleading statements suggesting that investors should switch to BrickX to achieve returns. Decisions regarding investment strategies will remain with the Unit Holders, ensuring DomaCom protects their interests. The Company is focused on maintaining its high governance standards while addressing challenges proactively.
Commitment to Future Growth
DomaCom is dedicated to delivering long-term value to investors while safeguarding the integrity of its platform. The Company is actively monitoring the situation and is prepared to take steps necessary to protect its name and its Unit Holders’ interests. DomaCom will continue to disclose any material developments, maintaining its commitment to transparency and governance.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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