Now that's what I call an expensive loan. Interest free ,BUT a fee of 27,000,000 shares plus 31,706,541 options exercisable at $0.05. Do the maths on that effective cost of borrowing! And apparently because Thorney already held 14%, they got a waiver from the ASX for the requirement to obtain shareholder approval on such a terrible deal. Now you could argue we desperately need the case but really? That will be a massive dilution. It seems us long term shareholders just got shafted a second time.
Neil Wilson has thanked Thorney Group, Dubber's customers and employees for their support during this shitstorm. I would suggest he probably ought to thank all the "other" shareholders besides Thorney for their support and patience over the last 2 weeks of blackout. No sign of an apology to those shareholders either for losing $30m of our money.
Poor form for mine. But maybe I'm just a tad jaded.....
Does anyone feel the same?
- Forums
- ASX - By Stock
- Ann: Dubber secures up to $5m loan
Now that's what I call an expensive loan. Interest free ,BUT a...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DUB (ASX) to my watchlist
|
|||||
Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $43.19M |
Open | High | Low | Value | Volume |
4.6¢ | 4.7¢ | 4.4¢ | $152.8K | 3.358M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 361133 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 169436 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11133 | 0.045 |
1 | 500000 | 0.044 |
3 | 565000 | 0.043 |
2 | 100000 | 0.042 |
3 | 280816 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 169436 | 1 |
0.048 | 251168 | 2 |
0.049 | 542222 | 3 |
0.050 | 601995 | 4 |
0.051 | 800 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
DUB (ASX) Chart |