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13.8% 3.3¢ dubber corporation limited

This is my best guess, but just a guess. I think McGovern...

  1. Wizard of Oz
    751 Posts.
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    20/03/24
    16:46
    Post #: 72980392
    This is my best guess, but just a guess.

    I think McGovern accessed the funds to keep the doors open, like pay wages, pay the rent, keep Dubber going. I think Dubber could have been technically insolvent for a year or more and rather than fess up to it, Steve just tapped into the $30m term deposit like an ATM to keep the company running. I don’t actually believe he grabbed a sack of cash and did a runner, his ego is far too inflated for that. Steve wouldn’t want to be seen as a failure.

    Too fkn bad, eh Steve? Doh!


    DUB Price at posting: 22.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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