$35M rev - $70M opex = -$35M/year or -$2.9M/month, assuming no major loss in customer revenue.
The $24M CR will only give them $5.2M working capital (according to page 39 of the prospectus) so they'll only have a few months before needing more cash.
Reliance on existing revenue assumes there are no further contract disputes, but given the founders' history in sales fraud, the potential for further contract dispute is very real.
This CR gets directors off the hook from current exposure to ATO penalties, and a few months to either offload Dubber or resign from the board to avoid potential further director liabilities.
Dubber has no capital to build further & will never reach self-sustaining profitability.
Dubber is going down.
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- Ann: Appendix 4D and Interim Financial Report 31 Dec 2023
Ann: Appendix 4D and Interim Financial Report 31 Dec 2023, page-27
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $34.18M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.8¢ | $10.59K | 277.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 195347 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 36646 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 195347 | 0.038 |
2 | 250000 | 0.037 |
6 | 1462514 | 0.036 |
7 | 581945 | 0.035 |
2 | 91000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 36646 | 2 |
0.040 | 26016 | 5 |
0.042 | 3000 | 1 |
0.043 | 50000 | 1 |
0.044 | 204000 | 2 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 14.59pm 17/06/2024 ? |
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