Reputational damage here will be difficult to recover from. Just Google Dubber and see what the top 50 searches come at.
Alex wont take an equity stake like that, no way. If the entire $26m is gone then they are looking at the mother of all dilutions just to keep the lights on. Do the maths on a $20m raise @ 7c.
I hope they survive with a complete reset of every leadership position at Dubber. Also, pointless to have HQ in Melbourne when 80% of revenue comes from Europe. Time to also consolidate and restructure those ridiculous head offices everywhere.
DUB Price at posting:
22.0¢ Sentiment: Sell Disclosure: Not Held
