Call recording software company Dubber (ASX: DUB) is returning to the ASX after an inconsistency in funds came to light and its CEO Steve McGovern was fired following an investigation into $26.6 million worth of funds being unaccounted for. On February 27, 2024, Dubber’s board reported potential misuse of Company funds intended for a term
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Dubber Corporation (ASX: DUB) has found itself embroiled in a financial quagmire during its audit process which has prompted the tech company to notify the market that efforts have commenced immediately to locate $26.6 million which was believed to be held in term deposits. It also led to the immediate suspension of Managing Director Steve
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When COVID was first introduced to the world, everyone wanted a slice of the hand sanitiser market but three years later, misleading claims by producers are being retrospectively called out by regulators, one of which has seen ASIC throw the book at biotech company Holista Colltech (ASX: HCT). After a long-running investigation and litigation which
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The Australian Securities Exchange (ASX: ASX) and its botched attempt to replace its settlements and clearing system (known as CHESS), with blockchain tech has finally faced reality and has abandoned its five year debacle, writing off millions of dollars of investment. Eventually coming to their senses, last month the ASX board released a statement that
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To distance themselves from a plagued past, cannabis company Creso Pharma (ASX: CPH) has announced a complete business overhaul and rebranding to pave the way for growth and any future mergers and acquisitions (M&A) opportunities. To kick off the revamp, Creso has appointed two new board directors to bolster its growth strategy to achieve global
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The wild-west-like days for Binary Options and CFD’s could be seriously numbered in Australia. The eye of ASIC is now glaring at these investment products that have seemingly gone under the radar as compared to other derivatives. The regulatory body has proposed both a ban on the sale of Binary Options (to retail clients), and
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