LHC Capital,the only significant external investor in iSignthis,told investors its December quarter performance plunged into negative territory after it halved the carrying value of its $90m investment in the tech firm.
Tech outfit iSignthis has announced a tie-up with Australia’s second largest stock exchange,the NSX,in a deal that gives it a cornerstone stake in the bourse.
A court has found companies providing services to vet customer information or to facilitate payments could be held responsible for their clients'breaches.
The troubled tech group has booked a massive increase in revenue for the December quarter despite noting a"commercial dispute"with the ASX had hit its earnings.
The ASX says it's still considering iSignthis'response to its draft findings in relation to allegations the company didn't adhere to listing rules.
Leading law firm Gadens says iSignthis's response to queries from the ASX has raised serious questions about the group's forecasts and prior disclosures.
Suspended tech stock iSignthis lost its'prime'rating from ISS ESG one day after the controversial company was touting its success in receiving the highly coveted rating.
A sponsor of rugby league club Rabbitohs and customer of iSignthis is under investigation for allegedly running a $100 million trading scheme that has ripped off Australian customers.
Rabbitohs sponsor EuropeFX is the subject of a major ASIC investigation into its business activities.
FCorp,a company that is a key customer of iSignthis's European arm,has been ordered to shut down by Germany's financial regulator for alleged unlicensed trading.
The embattled tech group has ramped up its battle with the sharemarket operator,launching legal action against the ASX as it fights to have its trading suspension lifted.