DUB

0.00%

3.7¢ dubber corporation limited

Ann: Appendix 4D and Interim Financial Report 31 Dec 2023, page-20

First 20 Last

Share
Profile

Follow
Tcb007

20,185 Posts.

2648

13/04/24

15:44

Post #: 73329959
Share

Originally posted by tradie130 ↑

I had a good read of the 4D Half-Yearly last night and noticed a change in language and underlying subtext. It was definitely more circumspect, less confident, and not so inflated.

More focus on providing services and support to existing partners and customers which might be an indication that customers are less satisfied with the service and may be churning away, a theory that may be backed up by revenue projections being reduced and contract and financial disputes being reported.

Less focussed on achieving revenue growth through sales into new customers which might be reflection of a diminished sales pipeline after letting the salesforce go.

Saying they are focused on achieving breakeven sometime in FY25, that is assuming no material changes to trading or strategy. Now that the slush fund, sorry trust fund, has disappeared in the next quarterly due at end of month and moving forward, you would expect to see a true reflection of operating expenses and customer receipts now that their cash flows and books are more transparent.

They say $75M worth of deposits went into this trust fund, $3.4M was recovered, and $26.6M still missing. So in reality it wasn’t just $30M missing, it was more. What was the other $45M used for as this was off the books, was it used to hide company operating costs and expenses, and how much misappropriation of funds were made in off the book payments to certain personnel of the Company or entities or individuals associated with them?

Even with the investigation, which is still ongoing, this is all very much on the nose. It will be interesting to see if they are able to recover the payments made to certain personnel of the Company as part of the investigation. If these payments were made off the books, they can’t really be legitimate company related payments surely?

Expand

Yep, $75M in, $3.4m recovered and $26.6m gone. 3 years of countless overseas trips flying first class and unlimited spending whilst on those junkets. Wonder how McGovern paid for his Aston Martin and I wonder what funds were used when he participated in the past 2-3 CR's?

DUB Price at posting: 13.5¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin: Current State of Play & Where to Next | Swyftx

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

TNC

True North increases silver metal at QLD's Vero deposit by 20%

Revolutionary inverter technology leads the clean energy charge

Emerald & Azure score Digger & Dealer awards

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

There are more pages in this discussion • 8 more messages in this thread...

First 20 Last

Add DUB (ASX) to my watchlist

(20min delay)
Last 3.7¢		Change 0.000(0.00%)		Mkt cap ! $34.14M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.7¢	$1.992K	53.84K

Buyers (Bids)

No.	Vol.	Price($)
4	72783	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	231702	2

View Market Depth

No.	Vol.	Price($)
4	72783	0.037
2	79766	0.036
4	960049	0.035
4	237794	0.034
1	100000	0.033

Price($)	Vol.	No.
0.040	231702	2
0.043	138888	1
0.044	110807	1
0.045	59915	1
0.046	200000	1

Last trade - 15.40pm 09/08/2024 (20 minute delay)

DUB (ASX) Chart

Ann: Appendix 4D and Interim Financial Report 31 Dec 2023, page-20

Bitcoin: Current State of Play & Where to Next | Swyftx

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

True North increases silver metal at QLD's Vero deposit by 20%

Revolutionary inverter technology leads the clean energy charge

Emerald & Azure score Digger & Dealer awards

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Appendix 4D and Interim Financial Report 31 Dec 2023, page-20

Top Stories

Bitcoin: Current State of Play & Where to Next | Swyftx

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

True North increases silver metal at QLD's Vero deposit by 20%

Revolutionary inverter technology leads the clean energy charge

Emerald & Azure score Digger & Dealer awards

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News