Flunked streaming music firm Guvera is being investigated by the Australian Securities And Investments Commission over allegations it misled inexperienced investors who have been left wondering what happened to the $180 million that was pumped into the company.
As previously reported, Australia-based Guvera finally crashed out of business last month. The company had never really recovered from its failed attempt at an Initial Public Offering a year ago, when the Australian Securities Exchange blocked the flotation in a highly unusual intervention based on concerns over the firm's prospectus and business plan.
Posted on: 28/06/2017Categories: News from CMU Online