Anyone who reads the 4C’s will know those figures presented in...

Anyone who reads the 4C’s will know those figures presented in the article are false and are misleading but readers and investors DYOR! In 2017 DUB decided to start counting the R&D refund as revenue. In 2016 they didn’t do this. That’s how you book increased revenues. Below figures were reported in last 2 financial years. You will notice DUB went backwards in FY2017.

FY/2016 = Revenue $510k with Expenses of $6.81M.
SEP-15 QTR: Revenue $43K with Expenses of $1.24M.

DEC-15 QTR: Revenue $130K with Expenses of $1.69M.
MAR-16 QTR: Revenue $179K* with Expenses of $2.0M.
JUN-16 QTR: Revenue $158K with Expenses of $1.88M.
*NOTE: DUB did not count this GOV R&D refund: $1.37M (paid MAR-16 QTR) when quoting revenues.

2016 Revenue: +$510k
2016 Tax Refund: +$1.37M
2016 Expenses: -$6.81M
2016 Position: -$4.93M

FY/2017
SEP-16 QTR: Revenue $106K with Expenses of $1.88M.

DEC-16 QTR: Revenue $101K with Expenses of $2.42M.
MAR-17 QTR: Revenue $111K with Expenses of $2.26M.
JUN-17 QTR: Revenue $123K* with Expenses of $2.38M.
*NOTE: DUB counts this GOV R&D refund: $1.44M (paid JUN-17 QTR) when quoting revenues.

2017 Revenue: +$441k
2017 Tax Refund: +$1.44M
2017 Expenses: -$8.95M
2017 Position: -$7.07M