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?
Ann: Dubber secures up to $5m loan, page-3
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Mkt cap ! $43.17M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.9¢ | 4.7¢ | $23.23K | 485.0K |
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| No. | Vol. | Price($) |
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| 1 | 40652 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.9¢ | 4000 | 1 |
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| Last trade - 15.55pm 23/05/2024 (20 minute delay) ? |
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| 4.8¢ | 4.9¢ | 4.7¢ | 427453 | ||
| Last updated 15.55pm 23/05/2024 ? | |||||
| DUB (ASX) Chart |