Seem to be having trouble posting... So here goes try number 3:...

Seem to be having trouble posting... So here goes try number 3:

I think the business model is fundamentally flawed. That marketing spend ($503k) is greater than revenue. Look at the occupancy ($307k) and director ($292k) costs and then the travel costs ($380k) and you have a classic OPM culture (Other Peoples Money). Coupled with a Board and exec that seem to be involved in a few other entities. That's ok, until things aren't going to plan and they lose focus for other opportunities. Im not saying that is what is happening, just saying that's human nature.

It has a market cap of near $60M. Net assets are $14m. Made up mainly of the cash at $8m, which is burning $6M per half and the intangibles, which is mainly Dubber IP and Goodwill, but this IP is not generating any value... so there should be an impairment on the horizon.

Beggars belief.