I’m not a lawyer, or an accountant, or a billionaire investor, so I’m undoubtedly missing something. But I don’t understand:
- how Dubber can be allowed to issue tens of millions of shares and options when they are suspended from quotation and they still haven’t released their audited accounts
- how the board can be allowed to approve such a deal when there is still no explanation for the $30m that went missing. At the very least it was on their watch and they failed in their oversight obligations; more likely they were involved to some degree in the decision to funnel that $30m into an account where it could be used “for other purposes”
- how a shareholder - even a big one - can negotiate a deal to massively influence the share price via dilution and grant himself tens of millions of shares and options - when the shares are suspended from trading, no less - in return for a ‘loan’ for $5m
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Price($) | Vol. | No. |
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0.040 | 26016 | 5 |
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