Interesting points tcb007.
My observation is that all the management have received Performance Shares based on many of these deals. It's outlined in the prospectus what the requirements are.
Specifically, the deal with GoCloudIT was the trigger for the first tranche of Performance Shares. And GoCloudIT being granted Master Distribution License for both Australia and Singapore. Management were beneficiaries of this.
Note. In early announcements it was GoCloudIT that originally secured the Macquarie Telco deal, and the Singapore deal. Yet neither deal has translated into revenue. And Macquarie would not elaborate on any details in when I contacted them other than to say they are only testing DUB internally. Not with customers.
And when Gavin Campion stepped out of Dubber, the Board and Management would have been advised why. So at the very best Steve McGovern and moreso Peter Pawlowitsch (as he is also on Board of KNO with Gavin Campion) and the Board are complicit in this. At worst, they are partners-in-crime.
Neither is good for Dubber for several reasons.
1. For many investors like myself who have lost money, and for major investors such as Alex Waislitz's "Thorney Investments" , it exposes them up to a possible class action.
2. Commercialisation Australia may need to stop funding, and indeed claw-back funding, until due diligence or a discovery motion is enacted, allowing their lawyers access to review these agreements and conduct due diligence on the businesses who these agreements are with.
This dog has fleas gentlemen.
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