DUB

5.41%

3.9¢ dubber corporation limited

I haven't read yesterday's orders, but I'd expect McGovern...

First 8005 Last

Share
Profile

Follow
jbezus

35 Posts.

15

27/03/24

10:50

Post #: 73078717
Share

Originally posted by tradie130: ↑

Okay, so we must assume the court had enough evidence of wrongdoing for a ruling to grant the travel restriction and refer to the matter before a judge in August.

This should not prevent DUB from communicating updates to shareholders about where the $26M was supposed to be held, who it was trusted to, where it is now, and what chance of recovery.

More concerning, for now, is the lack of a half-yearly audited report. If the issue was only the missing $26M, wouldn’t they only need to restate the ‘cash on hand’ or ‘call deposits’ balance, to reflect the truth, and then move forward? I am guessing they may be trading insolvent and must complete the CR before they are unsuspended.

Even with the quick $1.5M AW bridging loan to keep lights on, and the recovered $3.4M, by quick calculation, $1.5M + $3.4M = call it $5M is cash on hand, then Customer Receipts for current QTR call that $9M, minus Expenses for QTR being $13M, equals $1M balance, as of about now.

Can someone explain to me how revenue for Q2 in FY24 was $10.7M. We have actual Customer Receipts for Q2 in FY24 being $8.8M. But then they normalised this for reporting to $9.7M by counting late payments expected in December but expected in January. Okay a little fiddling here, but how does it reach $10.7M?

Does anyone think they are still on track to achieve the full-year revenue guidance of $45M? The pre-audited half-yearly receipts were $18M, so I’m not confident that $45M is achievable.

If we ever get there the 4C report in Q3 FY24 will be compulsory reading.

Expand

I haven't read yesterday's orders, but I'd expect McGovern consented to the travel ban to avoid having details about the case heard in open court at this stage, which might have prejudiced his ability to influence matters, selling holdings etc in the short term.

DUB Price at posting: 22.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

RCE

Recce's R327 found effective against E.coli during clinical trial

There are more pages in this discussion • 320 more messages in this thread...

First 8005 Last

Add DUB (ASX) to my watchlist

(20min delay)
Last 3.9¢		Change 0.002(5.41%)		Mkt cap ! $35.08M

Open	High	Low	Value	Volume
3.7¢	3.9¢	3.6¢	$101.8K	2.695M

Buyers (Bids)

No.	Vol.	Price($)
5	346445	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	119420	1

View Market Depth

No.	Vol.	Price($)
4	331445	0.037
10	717281	0.036
7	1105000	0.035
4	105583	0.034
2	100000	0.033

Price($)	Vol.	No.
0.039	119420	1
0.040	92553	2
0.041	54100	2
0.043	50000	1
0.044	200000	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

DUB (ASX) Chart

I haven't read yesterday's orders, but I'd expect McGovern...

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I haven't read yesterday's orders, but I'd expect McGovern...

Top Stories

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Recce's R327 found effective against E.coli during clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News