Dashdot customers urged to proceed days before collapse

Prospective customers were still being urged to proceed with Dashdot's property investment services just days before the buyer's agency entered voluntary liquidation, according to emails and messages obtained by ABC News. The communications do not prove wrongdoing but raise questions about the company's operations in the weeks leading up to its collapse.

“

Sometimes the headlines can make it feel like the underlying investment fundamentals have shifted dramatically. In our experience, the biggest risk often isn't market volatility itself, it's allowing uncertainty to delay the actions that move us toward the goals we originally set out to achieve.

One potential client, Daniel, who asked for his surname to be withheld, had signed an agreement with Dashdot in early May but had not yet paid the company's upfront fee of approximately $21,000. After being prompted to pay the invoice, he expressed concerns about property tax changes and requested to pause his engagement. However, an email sent three days before Dashdot announced its liquidation encouraged him to reconsider, stating, "Sometimes the headlines can make it feel like the underlying investment fundamentals have shifted dramatically." The email added, "In our experience, the biggest risk often isn't market volatility itself, it's allowing uncertainty to delay the actions that move us toward the goals we originally set out to achieve."

“

I was very close. They were very confident. There was not a single indication of anything bad that was going to happen.

Daniel ultimately decided not to proceed, stating, "I was very close. They were very confident. There was not a single indication of anything bad that was going to happen." For existing customers, the collapse has had more severe consequences. Sydney-based David Meehan paid Dashdot $23,100 in April, attracted by its online content and "all-inclusive" model. Seven weeks later, the company entered liquidation. "Just out-of-the-blue shock," he said. "We had only spoken to the employees in a strategy session the week before, so it was out of the blue."

“

Just out-of-the-blue shock. We had only spoken to the employees in a strategy session the week before, so it was out of the blue.

Meehan estimates the loss has set him back by a year's worth of superannuation. He questioned the company's actions, asking, "If you know the Titanic ship is going down, why are you taking on more passengers? That's the hardest part about all this." He also expressed surprise at receiving emails from CEO Glenn "Goose" McGrath after the company went into liquidation, offering introductions to other buyer's agents through a "partner pathway."

“

If you know the Titanic ship is going down, why are you taking on more passengers? That's the hardest part about all this.