News: DUB Dubber Corp Says Became Aware Of Inconsistencies In Respect Of Funds Held On Behalf Of Co, page-14

Disappointing situation for holders, hope they can save this, but needs a total cleanout of Board / Management.
It's not like this couldn't have been spotted either, I was raising the Trade Receivables issue back in 2020.
https://hotcopper.com.au/threads/ann-quarterly-update-appendix-4c.5370406/#post-44345128

I walked away without any confidence in the Board / Management and haven't followed this closely since.
But it's no surprise to see the Term Deposit was recognised as a Trade Receivable in the last Annual Report.


Did the auditors not find it odd that there was no interest recognised as revenue with $30m in term deposit?
I can't spot any in the Revenue note in the Annual Report.

The TD was recognised two years in a year (2022 / 2023) in the annual report, so you should receive interest at least annually.

Anyway, hope they can save something here for holders.