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Haha, truth, do you want to post your whole CV here? I can show you mine if you show more of yours ;). You may gibe us more surprises, are a transactional God as well? I stand by my comments on you, but like I said, it's up to others to make there own judgement, my game is not to try and convince this board of my views.

Today and yesterday was painful tax free incentive for Boughtwoods to sell what they want. The next few weeks could be the same. They appear hell bent in making a big dent in progress. But this current drop has nothing to do with your cash comments. The future of that remains to be seen.

You are taking my words and coming up with something else - something you have typically done for a while. Fact is, DGI is not dealing with insolvency right now so your point is void and stupid.

Punter, Which I have not disputed. Everyone needs cash but the treatment of spend and claims of how much are ridiculous.

Punter I am not sure if you even read what I wrote. Like i said, capitalising costs is the right thing to do, the story becomes different than expensing everything to your business in one year. An investor will review the balance sheet and income statement. I also said that if DGI does not produce in 2025 / 2026, they would be in big trouble. We do however have two RNS's that suggest production is close. 1) Evage 2) Cummins prototype.

So the cash raise you both harp on about, I am not convinced. I am not saying no cash will be needed, it will be either for AIM entry or for BAU, it is inevitable for a company not producing right now, but some of the values shared are ridiculous. I have seen $3m to $6m noted a few times.

The second issue I have is cash burn topic. It becomes a real issue in 2 years or however many years it is capitalised over. For now, the commercial story is strongly supporting that production will happen next year. If you are going to claim you are an accountant and then talk about cash burn in a way the financial statements are impacted, then I have no time to convince you and your agenda is clear.

Punter, I agree, cash is king. But I will educate you with one thing, cash flow does not include capitalised expenses, these expenses are formed as assets and therefore they protect the working capital formula needed for AIM entry. I am not disputing that they are spending per month (what new company is not), I am correcting misinformation and fear mongering that is happening. It is up to you or anyone else to decide what to believe on a personal level.

I am not disputing nor am I digging into what Punter said, I think we are all aware that we need some good news.

Yes you are spending cash but capitalising costs (salaries will be on of them) is a huge part of reading financial statements, especially in a pre production company. So when you say cash burn and its being put on the balance sheet, the financial impact is not how you say it unless its goes through expenses. If no production happened next year or in 2026, DGI would be in deep trouble. If it happened next year then the expenses incurred this year and the year before, will be released inline with activity.

The process of capitalisation in early stages has supported many many companies moving from R&D to production/service for decades. It is common for a young company not producing to have high costs.

I waited for your commercial input & there was none and I asked your professional opinion & I got an answer that needed to match back with your original story. I rest my case, I won't pester you no more, but my conclusion is that you are just a transactional accountant sprouting information to drive concern & without the full consideration of facts or a balanced view.

Whether you are a fan or not, it is an international accounting standard and its still possible that DGI are doing it and therefore the picture is not really as you say right and not "cash burn" as we don't know if that $300k is running through the P/L or balance sheet? I am a fan of capitalising development costs and it is so important in R&D companies just like DGI.

Hi Truth, thanks for the overview. As I said, I respect you decision, that's up to you.

Question for you, what are your thoughts on IAS 38, capitalising development costs? I'm saying this in relation to the 300k cash burn a month. Personally, I've not dug into it but I'd fully expect some of that monthly expense to hit the balance sheet and be released when production starts.

So your blueprint for decision making appears to be AMTE? Now I cannot really comment on AMTE as I only caught the flag end of what happened but I do recall what you are saying is fact (went bust because of crazy ambition). I do question the relatability here, In Jan and when the MOU for India was announced, it was pretty clear (well to me at least), they would leverage the JVs to create production synergies. Its for that reason alone I am confused on the comparison. You are correct with one thing, a gigafactory (I've been responsible in my career for opening two of these at very large companies) would not have been the right thing for DGI, I would have been cautious about investing because unless the volume trend over a payback period is significant, it would be very hard to make a return.

On the point of payback, as you love transactional accounting so much, what are your thoughts on this. If DGI did raise funds, we know production will likely commence in Q1 25 for Evage and Cummins will likely follow, do you think a 12 month cash flow forecast could be positive or negative? What about a 5 year NPV? Whereby i respect your views as a fellow accountant, i actively challenge your representation on the topic as 'transactional' or agenda driven.

Saying that, wishing you all the best Truth.

I'm not sure why anyone on here would take much notice of what Truth factory says.

He threw the chartered accountant card and claimed 35 years of experience and then said DGI need 6m. But he is a highly transactional mind with what I have seen. It's that or this individual is trying to enter at a lower price and deramp.

Concerns on cash flow are the right but the amount of drivel truthfactory comes up with is absurd, often repeating the same over and over again.

In my experience, never trust a transactional accountant, the world is black and white for them and they often miss the shades of grey.

I've asked Truth for a commercial overview of DGI. Still not seen one except them saying that they will invest when the price is down because they want to see whatbthe raise could be.

I'll leave you to judge this person. If an accountant can only pick out numbers from a statement in an advanced r&d company and not offer a qualitative review to support these numbers, I'd be very very concerned.

The world is a balance of qualitative and quantitative, Truth is just a deramper / transactional mind.

GLA, just ignore this poor soul.

Truth, I think you may have just proven my point.

A transactional accountant will look for the black and white text in the financial statements, just like the cash status. A commercially minded accountant will recognise the financials but also dive into the commercials to make an investment decision. You just seem to only highlight what you learnt in a text book. I wont dismiss you for looking for the lowest entry point, thats your story and you have every right to but "trying" to influence a forum makes it sound like you have an outright agenda to lower the price. Perception is is everything. You are right with one thing, commercials may be sound but there is risk but that is the case with everything.

Ill take you back to memory lane. Amazon pre 2000? Tesla? Uber? Apple? All companies at one point that had very difficult cash flow positions (I think Uber may still be in difficulty) at the start but what they had was a sound strategy, strong leader(s) and a good foundation. The shades of grey are just as important. This is where I have total respect for staylong, he has helped massively to provide solid information on the commercial status of DGI to this entire forum. Without these data points, it would be more difficult to make a investment decision here. Other than your contributions on cash position, where is the rest of your logic?

For context, I'm a fellowship chartered accountant and I am naturally cautious where I put my money but I balance a financial statement with what is going on and that's how I make my decisions.

There are two types of accountants, commerical and transactional. "Truth" is definitely the later with a personal agenda.

Post bank Holiday RNS plz. I just want to know what is going on with my money. 12 months, way too lomg to wait, unless it's for something good!

I had a dream last night it opened at £2.57, I stupidly sold and it kept getting pumped to £5.83. Obviously a massive pipe dream, I'd be happy to just double or at the very least, be flat to my entry price! Hopefully not long left, good luck all!

Cool see you later when you invest, hopefully we don't have to read much more of the timings when you will invest, as if anyone really cares.

Makes sense to me Stay Long - I just topped up another 2k.

Two big buys today, price is up, is there some news coming ...

Is that a possibility? Announcement is made and then few days later trading resumes or would trading resume on announcement? I'd obviously prefer the former just so I can be prepared ....

Just more drivel to drive the price up before a placing, in my opinion.

Yeah the lying scumbag kept asking for questions but from what I saw, the chat was disabled. Good post of all the issues, I've lost confidence. As I said yesterday, it's money just sitting here, hopefully one day I'll make some of it back but bankruptcy is a forming reality soon.

Yoglet, good job I won't tell you how much I gave sitting in other portfolios. You would probably reply with, who has that money. You need to remember investors come from all walks of life. I know people who are a lot lot more.