This para from the recent Accounts filed on the ASX implies that...

This para from the recent Accounts filed on the ASX implies that Officers of the company may have received funds from the Trust fund. As a show of Correct Corporate Governance - surely the people involved in these transactions should be suspected with immediate effect - pending a full investigation.

If you receive money you know where it comes from - it will be easy to audit.
How can the Board honestly believe the shareholders and authorities will accept that they have investigated this properly - unless of course it is a case of Turkeys Voting for Christmas/Thanksgiving!!

If you read the prospectus - you would be mad to (re) invest in this business - the risks are vast and way greater than a potential upside.

Documents published also highlight a reduction in revenue forecast for FY24. Would be helpful if they could offer a forecast of FY25 revenue as well.. I would fully expect the large telcos to be moving away from Dubber - which will have a material impact on revenue and survival.

Why would Telcos risk being 'cut off' and loosing access to recorded call data they are keeping on behalf of clients who need the data for legal compliance purposes.

With my very basic maths and accounting knowledge...there will only be $16m left after they have paid the $10m tax owed. And with a current burn rate of c$5m a quarter - there is not long left for Dubber. Link that with an inevitable reduction in revenue - closure could be sooner rather than later!

I do hope the authorities are able to fully investigate all parties involved and prosecute legal due process...