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Dubber.Dubber.Do., page-7662

  1. shadowcat
    189 Posts.
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    04/03/24
    16:22
    Post #: 72736014
    Their annual report (which tbh is probably not worth the electrons it's printed on) says:

    Cash at Call deposit is a cash term deposit held with a AA3 rated financial institution with a 31 day call back in the name of the Company’s legal firm as trustee for the Company.

    • It actually does say "in the name of the Company's legal firm" !?

    • There are only 5 AA3 rated financial institutions in Australia: CBA, NBA, ANZ, Westpac, and Bankwest

    • The news https://archive.is/RIU7T says it was Christopher William Legal. The annual report that statement was taken from said the company's legal firm was Milcor.


    So there are potentially multiple porkies in that one statement from the annual report alone.
    Last edited by shadowcat: 04/03/24
    DUB Price at posting: 22.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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