Dashdot liquidators to claw back $70,000 loan from founders
Divided among 700 clients, staff and backers, Dashdot’s creditors are increasingly unlikely to see their money.
Hundreds of Dashdot customers and employees, along with the company’s backers, will be left fighting over scraps as the latest liquidator report paints a dismal picture of the finances of the now-defunct national buyers agency.
The 48-page report, filed with ASIC and viewed by Capital Brief, shows liquidators from Teneo expect to claw back just $69,925.23 from directors and co-founders Glenn ‘Goose’ McGrath and Gabi Billing via an outstanding loan.
Dashdot’s only other identified receivable is a $3.08 million intercompany loan, to Global Proptech Operations Pty Ltd, of which liquidator Rebecca Gill expects to recover nothing.
The related company is one of several registered to Bondi Junction, with its lending arm sold to Fouracre Financial earlier this month in a deal reportedly worth seven figures. It is unclear whether any of the proceeds will be seen by creditors as the liquidators unpick a complex corporate structure.
