Controversial ASX tech darling iSignthis says it's preparing to respond to more questions from the bourse,as it revealed an uptick in merchant processing volumes
Customers of Ozifin Tech,the iSignthis customer wound up by the corporate regulator last month,have collectively lost more than $11 million.
The future of iSignthis has been thrown into doubt after it was forced to admit it had misclassified most of its revenue for the six months to June 30,2018.
Two executives linked to customers of suspended ASX-listed payments firm iSignthis have been charged with fraud in the United States.
Fallen tech darling iSignthis is in open battle with the ASX over its ongoing trading suspension after announcing that ASIC did not request the move.
More questions have been raised about some of the major customers of controversial tech stock iSignthis.
The billion-dollar tech stock has confirmed that more than one-quarter of the revenue for June 2018 half year came from two customers being wound up by ASIC.
The controversial payments-tech company released its September quarterly results on Thursday,saying the outlook for the company remains'extremely positive'.
LHC Capital,the only significant external investor in suspended ASX tech darling iSignthis,has backed its business model and taken a shot at regulators.
Payments-tech provider iSignthis has revealed it has been forced to hand over its books and records to the corporate regulator
iSignthis rose to a billion-dollar valuation on claims it can solve regulatory problems,so why was it suspended from trading this week by both the market and corporate regulators?