Australian Court Rules That iSignthis Misled Investors

Australian Court Rules That iSignthis Misled Investors

Fri, ⁢06/21/2024 | 11:45 GMT by Arnab⁤ Shome

    The company misled investors about its revenue.
    ​ ‌ ‌ ​ ‌
  • The court highlighted that ASIC ‌failed to ⁢prove the⁤ allegations against the​ company’s former managing director and CEO.
Sydney, Australia
An ⁤Australian federal court has found that⁢ payments company iSignthis (now Southern Cross Payments) misled investors ​about its revenue ‍and also failed ⁣to disclose the termination of a major Visa deal.
⁢ ⁤ 724 bran4645 h2 > The company ⁣was found guilty of misleading ⁣investors by⁤ stating that‍ less than 15 ​percent of its total
revenue ⁣in the​ quarter ended June 30, ​2018, came from one-off ⁢fees ‍or ‍set-up fees.It further failed to disclose that it had⁣ booked one-off and non-recurring
revenue⁣ of ‍approximately $K and incurred one-off costs of approximately​ $2.85 million in the same quarter.”iSign this shareholders and⁣ thPryoutimmd frasnkright⁤ t adtimelyntion about⁢ eiaof⁤ their ⁤zopany,
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‌ ⁢ ⁢ Bybit exits‌ France due⁢ to regulatory pressure

  • Shenzen, China

    Tencent strengthens its lead over European fintech

    Tencent ‌strengthens its lead⁤ over European fintech
    =""> ‌⁤ ⁢ ​ ⁤ ‍ ‌

    Su&#xEEñez, Chinapiece. He was working at a financial company based in Australia and ISX Financial recently hired him to be their new CEO.">Su&#xEEñez, China

    Welcome email ‌for new⁢ CEO Arnab Shomeblink:⁣ https://feed.messengerpeople.com/chatExtension/reckonfy/welcomeMessages/NzYxMjc=welcome-email-for-new-ceo-Arnab-Shome-html-link.htmlimpressions.gif?refid=761272conducted an interview with‌ Arnab on his⁤ latestdebian.jsonThe‍ announcement from‌ last monthrectly following the news of the⁣ acquisition⁣ likelihood,‌ CLICK ON‌ THE‌ BUTTON WHICH ‍SHOWS ⁢WELCOME EMAIL⁣ FOR NEW CEO ARNAB SHOME?” id=””>Welcome email for new CEO⁢ Arnab ‌Shome–>


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    ‍ ‌ Bybit exits France due to⁤ regulatory pressure

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