Dashdot customers urged to proceed days before collapse

David Meehan says he paid Dashdot $23,100 in April, and did not receive the property investment services he was promised. (ABC News: Daniel Irvine) Buyer's agency Dashdot, which collapsed in May, has estimated liabilities of $16.6 million but just $71,000 in estimated realisable assets, according to an initial liquidators' notice obtained by ABC News. The liabilities include $10.6 million in prepaid services or refunds it owes almost 700 customers. Liquidators are investigating Dashdot's affairs and are expected to release a report to creditors within three months. Link copiedShareShare articleCustomers were still being encouraged 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 any wrongdoing occurred. But they raise fresh questions about what was happening inside the company in the weeks before its collapse, and whether prospective customers were being encouraged to commit to significant up-front fees while the business was approaching insolvency. One prospective customer, Daniel, who asked for his surname to be withheld for privacy reasons, had signed an agreement with Dashdot in early May but had not yet paid the company's up-front fee of about $21,000. After being prompted to pay the outstanding invoice, he told Dashdot he wanted to pause and reconsider, concerned about property tax changes, which were announced after he signed the contract. Email correspondence between Dashdot personnel and customer dated May 25, 2026. (Supplied) But in an email sent three days before Dashdot announced it was entering voluntary liquidation, a company representative encouraged him to rethink that decision. "Sometimes the headlines can make it feel like the underlying investment fundamentals have shifted dramatically," the email read. "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." The email said there would "always be reasons to wait" and offered to arrange a call before Daniel made a final decision. Daniel said he ultimately decided not to proceed. For existing customers, the collapse has had far more serious consequences. Sydney-based David Meehan, who had purchased investment properties before, said he paid Dashdot $23,100 in April after being attracted by the company's online content and what he described as its "all-inclusive" model. Seven weeks later, the company entered voluntary liquidation. "We had only spoken to the employees in a strategy session the week before, so it was out of the blue." The 44-year-old estimates the loss has effectively set him back by a year's worth of superannuation. "If you know the Titanic ship is going down, why are you taking on more passengers?" he asked. "That's the hardest part about all this." He said he was also surprised to continue receiving emails from CEO Glenn "Goose" McGrath after the company went into liquidation, offering introductions to other buyer's agents through what he called a "partner pathway". After the liquidators were appointed, the powers of Dashdot's directors were suspended. However, the ABC has seen five emails sent after the appointment from Mr McGrath using Dashdot branding and the title "CEO". The emails directed customers to a liquidator email address that appeared to be associated with Dashdot, rather than the liquidators' official Teneo email address. Joint liquidator Rebecca Gill told ABC News she was "aware" of Mr McGrath's actions, and noted he was not making any commitments on behalf of the company. Mr McGrath told the ABC he had helped connect clients with other buyer's agents willing to credit some or all of the fees they had paid Dashdot against future services. "Neither we nor any related party has received any incentive from the firms involved," he said. Text message from Dashdot personnel to a prospective customer shortly before the company entered liquidation. (Supplied) Another prospective customer, Karl, who did not want his surname published, said the company contacted him less than a week before it entered voluntary liquidation. Karl said he had previously registered for a market report and was contacted over the phone on May 22 to discuss whether he remained interested in property investment opportunities. A follow-up text message seen by ABC News thanked him for his time and included links to Dashdot material, including an investment tool, a video from the company’s chief executive, customer reviews and analysis of the federal budget. Karl decided not to proceed. Dashdot Pty Ltd entered voluntary liquidation on May 28. If you have more information about this story or any other tips, you can contact business journalist Lin Lin at lin.lin@abc.net.au or securely at linreporting@proton.me. Under Australian co

Dashdot customers urged to proceed days before collapse

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