News: DUB Dubber Corp Announces Dismissal Of Managing Director & CEO Steve McGovern, page-55

there is a lot of value destruction and anger here - understand. there real question is what is the alternative? reading between the lines it seems they have identified two fraudulent players and had to go down to 5c to be able to get the necessary capital to bridge over to cash flow neutrally. i have been on boards with a dominant director and steve seems to have been that person. i still hear him saying repeatedly on the earnings webcasts - we are fully funded, we are fully funded. hopefully he gets his day in court and has an order to pay back. jail would be good but getting as much of the 26m back would be my priority as his reputation is shot. at the end of the day the positives are a quality customer base, rising revenue, a deep pocketed supporting shareholder with 20% and a renewed focus to bring cost down to more acceptable levels. we may be able to get off the ropes here after all.