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.
- Forums
- ASX - By Stock
- News: DUB Dubber Corp Says Became Aware Of Inconsistencies In Respect Of Funds Held On Behalf Of Co
Disappointing situation for holders, hope they can save this,...
Featured News
Add DUB (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $22.19M |
Open | High | Low | Value | Volume |
1.7¢ | 1.8¢ | 1.6¢ | $29.27K | 1.726M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 6675164 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1986172 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 6669179 | 0.016 |
10 | 860567 | 0.015 |
5 | 2382923 | 0.014 |
2 | 1004000 | 0.013 |
3 | 1233415 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1986172 | 1 |
0.018 | 1544171 | 10 |
0.019 | 919667 | 3 |
0.020 | 913888 | 3 |
0.021 | 600 | 1 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
DUB (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online