Scandal Ex-Melbourne player Joel MacDonald accused of misleading shareholders

Remove this Banner Ad

Murphkreuzmitch

Club Legend
Aug 20, 2011
1,175
1,534
Keilor
AFL Club
Carlton
not surprised. I trialled the software and everything they claimed they could do was limited. Great if your a pizza delivery guy, but of zero use if you have differing freight profiles or running a fleet.

They market what they can't do to customers so am not surprised they have made empty promises and omitted information to shareholders. Really ordinary tactics to secure business and investors.
 

The 747

Brownlow Medallist
Jan 19, 2008
21,820
26,077
Melbourne
AFL Club
Geelong
Given themselves a couple of hundred grand pay rise despite losing $5million with revenue under $500k, from memory in the AFR today.

Very poorly governed company by the looks. Need a new, independent board.

Well they did learn something about how to run companies, gotta pay yourself more while the ship is going under.
 

The 747

Brownlow Medallist
Jan 19, 2008
21,820
26,077
Melbourne
AFL Club
Geelong
That seems pretty stupid, but believable, if that makes sense.

I guess the answer to ‘why is it different?’ is just ‘rich people’?

Generally, outside of some specific rules which another poster referred to, governments are not keen to get involved in investments as an umpire. If you want to give some blokes 200K in the hope you might make 400K that's up to you to do your research and take the risk. It's not the same as buying a product.
 

Log in to remove this ad.

The Final Word

Club Legend
Jun 7, 2007
1,920
1,915
Melbourne
AFL Club
Geelong
Where is this at?

" The Federal Court has found technology and services company GetSwift Limited (GetSwift) made misleading statements and breached its continuous disclosure obligations " ......

" The Court also found GetSwift directors Mr Bane Hunter and Mr Joel Macdonald failed to meet their obligations as directors due to their involvement in the announcements made to the ASX, and that they were both knowingly concerned in multiple continuous disclosure breaches made by GetSwift. "....

" ASIC will now seek pecuniary penalty orders against GetSwift, Mr Hunter, Mr Macdonald and Mr Eagle. ASIC will also seek orders disqualifying Mr Hunter, Mr Macdonald and Mr Eagle from managing corporations. "
 

Remove this Banner Ad

Remove this Banner Ad