Let’s be honest, silly behaviour within the company EXEC has been going on since the back door launch at 0.20c. Hello people… this company should have been concerned 12 or 15 months ago with the sort of numbers they were burning per quarter and the number of reciepts they were not recieving:
DEC21 Receipts IN: $5.6M, Expenses OUT: $20.6M (BURNING: $15.0M).
MAR22 Receipts IN: $8.5M, Expenses OUT: $18.7M (BURNING: $10.2M).
JUN22 Receipts IN: $6.7M, Expenses OUT: $19.5M (BURNING: $12.8M).
SEP22 Receipts IN: $9.5M, Expenses OUT: $20.0M (BURNING: $10.2M).
DEC22 Receipts IN: $8.3M, Expenses OUT: $25.4M (BURNING: $17.0M).
Raising $100M just papered over the cracks and gave an inexperienced EXEC leadership team too much of a slush fund to play with. And play with it they did. Time for the grownups to enter the room.
How possibly can it just be just now that the EXEC starts to think they should reign this madness in, and cut expenses, maybe let some people go? These are people they just hired a few months ago. Surely this is an indictment of the leadership and decision-making. It is becoming abundantly clear that the market does not have an appetite to pay for the DUB product on offer.
This was a company founded on “disrupting” a multi-billion Call Recording industry… but turns out they couldn’t sell enough call recording to disrupt anything other than the poor investor's bank balances… So now it’s all about pinning the hopes and dreams to the new, new, thing, AI. So not Call Recording anymore? Does everyone else think this is starting to sound like a hype cycle?
I don’t think this was ever a question about the technology being flawed, at the end of the day I don’t think anyone sees enough value in it to actually pay for it. So back to the question of commercial viability... and there we are again.
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.45M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.3¢ | $31.13K | 905.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 676253 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 127458 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 692204 | 0.033 |
1 | 73381 | 0.032 |
3 | 782258 | 0.031 |
4 | 316166 | 0.030 |
1 | 220000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 127869 | 2 |
0.036 | 800 | 1 |
0.037 | 446000 | 3 |
0.038 | 238888 | 2 |
0.039 | 63190 | 2 |
Last trade - 10.28am 20/08/2024 (20 minute delay) ? |
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