DUB 2.00% 4.9¢ dubber corporation limited

2023 Financials state:Cash at Call deposit is a cash term...

  1. 100 Posts.
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    2023 Financials state:
    Cash at Call deposit is a cash term deposit held with a AA3 rated financial institution with a 31-day callback in the name of the Company’s legal firm as trustee. *But there is no mention of the legal company in it; previously, it was WA-based.

    Now let's look at the board who are running DUB and currently trying to sort this mess out.. What have they done to earn? Where is any credibility? Look at the companies they are associated with and how much they are getting. a

    Pawlowitsch is leading the company whilst it's being investigated, but he was also CFO for 5 months. Was the money in trust then? What's Slaney been doing? The new CFO look at his track record

    One hopes Thorney and other major shareholders put pressure on and boot them as no doubt they will lay the blame at McGovern, its not just the missing $30 million, misleading statements, presentations ( AI etc ), suspensions, spending, $8 million debt... Time to clean house and salvage the business

    Neil Wilson
    Agreement commenced: 13 February 2023
    Term of Agreement No fixed term
    Remuneration: Annual fee of $120,000 (inclusive of superannuation) and reimbursement of all reasonable expenses incurred in performing the Non-Executive Chairman’s duties.
    Termination notice: None specified

    Non-Executive Director of Knosys Ltd - A trainwreck
    "Does not have a meaningful market cap (A$7M)Earnings have declined by 31.7% per year over the past 5 years, trading at $.033 down 60% in last 12 months"

    Peter Pawlowitsch Executive Director
    Agreement type: Executive Service Agreement
    Agreement commenced: 1 July 2020
    Term of Agreement 3 year minimum term to 30 June 2023, then rolling with 6 month termination notice
    Remuneration: Annual salary of $144,658 plus statutory superannuation, plus reimbursement of
    all reasonable expenses incurred in performing the Executive Director’s duties. Mr Pawlowitsch also acted as Interim Chief Financial Officer from 10 October 2022 to 28 February 2023 and received a temporary increase in base salary during this period as compensation.

    • VRX Silica Limited (February 2010 – present)
    • Knosys Limited (March 2015 – December 2021)
    • Novatti Group Limited (June 2015 – present)
    • Qoria Limited (September 2019 – present)

    Gerard Bongiorno Non-Executive Directo
    Agreement commenced: 2 July 2017
    Term of Agreement No fixed term
    Remuneration: Annual fee of $75,000 (inclusive of statutory superannuation) plus reimbursement of all reasonable expenses incurred in performing the Non-Executive Director’s duties.
    Termination notice: None specified

    ** Linus Technologies- Chairman. A trainwreck. Trading at $.002!!
    Stephen McGovern resigned 15 July 2023

    James Slaney Co-Founder And Chief Operating Officer
    Agreement type: Executive Service Agreement
    Agreement commenced: 1 July 2020
    Term of Agreement 3 year minimum term to 30 June 2023, then rolling with 6 month termination notice
    Remuneration: Annual salary of $415,000 plus statutory superannuation.
    Termination notice: The Company may terminate the agreement on 6 months written notice.

    Andrew Demery Chief Financial Officer

    Agreement type: Executive Service Agreement
    Agreement commenced: 8 February 2023
    Term of Agreement No fixed term
    Remuneration: Annual salary of $422,000 plus statutory superannuation.
    Termination notice: The Company may terminate the agreement on 3 months’ notice, or by providing a cash payment in lieu of such notice.
    Previous role:
    Chief Financial Officer (ASX: BEX) BikeExchange
    Aug 2020 - Oct 2022 · 2 yrs 3 mos
    In that time the share price went from $0.25 to $0.02




    Last edited by Ynotbuy20: 25/03/24
 
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