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Guvera being investigated by Australian Securities And Investments Commission

Guvera being investigated by Australian Securities And Investments Commission

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.

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Posted on: 28/06/2017Categories: News from CMU Online

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