Australia's largest stock trading and investment forum Australia's #1 stock forum

DUB

Click for more information

2.63%

3.9¢ dubber corporation limited

Without Thorney this would be in administration already. The man...

First 8136 Last

Share
Profile

Follow
SBates

76 Posts.

25

11/04/24

12:53

Post #: 73295438
Share

Originally posted by shadowcat: ↑

I’m not a lawyer, or an accountant, or a billionaire investor, so I’m undoubtedly missing something. But I don’t understand:

- how Dubber can be allowed to issue tens of millions of shares and options when they are suspended from quotation and they still haven’t released their audited accounts

- how the board can be allowed to approve such a deal when there is still no explanation for the $30m that went missing. At the very least it was on their watch and they failed in their oversight obligations; more likely they were involved to some degree in the decision to funnel that $30m into an account where it could be used “for other purposes”

- how a shareholder - even a big one - can negotiate a deal to massively influence the share price via dilution and grant himself tens of millions of shares and options - when the shares are suspended from trading, no less - in return for a ‘loan’ for $5m

Expand

Without Thorney this would be in administration already. The man providing the life raft gets to set his own terms. Nobody else would have come near it without existing knowledge of the company, and the only person with existing knowledge, the capital and the stomach for the risk is Thorney. You should be thankful.

DUB Price at posting: 22.0¢ Sentiment: Sell Disclosure: Held
14 Upvote

0 Great analysis

Reply

Top Stories

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

Eurozone-based companies find new ways to secure a regional lithium supply

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

There are more pages in this discussion • 189 more messages in this thread...

First 8136 Last

Add DUB (ASX) to my watchlist

(20min delay)
Last 3.9¢		Change 0.001(2.63%)		Mkt cap ! $35.08M

Open	High	Low	Value	Volume
3.7¢	3.9¢	3.6¢	$86.35K	2.325M

Buyers (Bids)

No.	Vol.	Price($)
3	265000	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	211110	2

View Market Depth

No.	Vol.	Price($)
3	265000	0.037
14	1893947	0.036
11	1893435	0.035
2	74383	0.034
2	100000	0.033

Price($)	Vol.	No.
0.039	211110	2
0.040	140000	2
0.041	44100	2
0.042	19409	1
0.043	50000	1

Last trade - 16.10pm 25/06/2024 (20 minute delay)

DUB (ASX) Chart