Yup, the CEO has told too many porkie pies, simply unacceptable. What about the farce when they tried to issue performance shares between $1.25-$2? Bwahaha, what a friggen joke.
The chairman said in June last year they "HOPED" they would be cash flow positive by June 2017. Coincidently during that interview (ASX Spotlight Series, Hong Kong) they had also just launched Playback.
So in 8 months they have only managed to deploy Playback to 1 customer - Simetric but no revenue attached to the deal.
The biggest joke of all was when the CEO said that Playback would be launched with a Telco partner at the BroadSoft conference. Instead we were told the App was demonstrated with AKIXI & Mondago. Incidently, DUB has never formally advised shareholders via an ASX announcement it's relationsahip with AKIXI or if there is any revenue attached to the relationship.
The partnership with Mondago is some 7 months old now but we have heard nothing since then.
Same with Oxilio, they signed up in June along with Broadcloud Japan. Nothing, nothing, nothing except a bunch of useless Twitter posts
Oh well, that's my ramp for tonight.
Ann: Quarterly Activity Report, page-59
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