Shares of controversial billion-dollar tech stock iSignthis have been suspended from trading indefinitely amid ongoing inquiries from regulators.
Australia's latest billion-dollar tech stock,iSignthis wilted under further scrutiny on Tuesday with shares dropping 10 per cent.
Regulators'moves against high-risk financial products have hit customers of Australia's latest billion-dollar tech stock.
Billion-dollar fintech group iSignthis stepped up the rhetoric against a report that raised questions about the company's governance.
The iSignthis sharemarket rollercoaster continued on Monday on the back of old news.
It started off as the sort of week an entrepreneur like John Karantzis could only dream about.
The payment verification provider said it will lodge a complaint with the corporate watchdog over a report which questioned its share issue to senior executives.
A bonus deal which awarded shares worth more than $500 million to senior executives at fintech iSignthis may have triggered a share rout this week which has attracted the attention of the securities regulator.