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Ann: Update - Proposed issue of securities - DUB, page-15

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Ynotbuy20

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27/05/24

21:04

Post #: 74033463
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Originally posted by CheshireCat939: ↑

To clarify - it's only the $26 million that was allegedly stolen that is why you are voting no, and not the litany of poor decisions that happened under his watch, including, but not exclusive of:
The unsustanable growth of the company of people with large salaries after the $100 mil cap raise
The insane travel expenses of the management
The expensive office refurbishments during COVID when the workforce was shifting to work from home/hybrid
The $8 million dollar dispute that has still not yet been resolved
The leasing of the London office for about $1.5 per year (AUS) that went unused and is now back on the market
The retrenchment of 40% of the workforce that they grew the company to the same week that Oscar Piastri's sponsorship was known
The vanishing of the dubber notes for teams product when Microsoft launched a very similar product in built to teams after a week or two
The "long list" of moments that would be delivered every 4 to 6 weeks. We're now at about a year since the launch and only 4 have been released
The failure to launch of the "Actions" functionality that James Slaney showed in the same launch video and has not been mentioned since
The $10 mil cap raise when they didn't need to raise it since they had $30 mil in the "trust account" - I still want them to report the timeline of the funds from their investigation to see if this cap raise was knowingly done under false pretenses
The disputed $1.8m contract that has eventuated in the last quarterly
The showering of shares as ZEPOs to themselves and employees

All of that you're ok with. But it's the missing $26 mil that's got you voting no?

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also add the ASX suspensions , the hiring of a CEO that hasn’t happened , and to me these 10 million shares is a sweetheart deal done before me when they arranged for this financing.. let’s see how Thorney votes on that
DUB Price at posting: 4.7¢ Sentiment: None Disclosure: Held
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Last 3.9¢		Change 0.002(5.41%)		Mkt cap ! $35.08M

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