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Dubber.Dubber.Do., page-8040

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EsAsher

131 Posts.

9

31/03/24

13:16

Post #: 73129473
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Originally posted by tradie130: ↑

Everyone is right here. The founders and leadership are absolute clowns, but unfortunately, the joke is on us. The founders laughed and popped champagne when they raised $110M using fudged ARR and sales revenue projection graphics that never reflected reality, and stories of growth through acquisition which never occurred. All they did was spend the money travelling first class enjoying luxury entertainment, and feeding their collective egos with fancy office fit-outs, corporate branding, and sponsorships. Then on top of this, for acting like clowns in a candy store, they paid themselves executive salaries and incentive payments tied to misleading metrics that were not aligned with revenue targets, and then as the final cherry on top started handing out more and more ZEPOs as the share price fell. The founders and the board are an absolute joke and an excellent case study for why you should allow egotistical children to run a publicly listed company with shareholder funds. There is clearly more fiddling and misleading numbers being reported and the reason why the audited report is taking so long. Ventoux and Stezza may be right, if the underlying technology can be independently validated to be of substance and not vapourware, then the only way out of this complete debacle will be to remove all the founders, spill the board, and hand the company over to UK operations who were the only part of DUB generating sales revenue that was more than the cost to produce.

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Reading the 2023 yearly report, they hit the nail on the head in the material business risk being Key Personal.

Who would havw figured it was the CEO!!

DUB Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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Last 3.3¢		Change 0.004(13.8%)		Mkt cap ! $30.56M

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Dubber.Dubber.Do., page-8040

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Dubber.Dubber.Do., page-8040

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

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