can someone please explain why????, page-16

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thepylee

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19/09/19

13:27

Post #: 40482117
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Originally posted by 8horse: ↑

Media analysts are working hard,

More trouble for iSignthis as regulatory crackdown hits its customers

By Colin Kruger

September 19, 2019 — 12.34pm

A regulatory crackdown on high-risk financial products has hit customers of Australia's latest billion-dollar tech stock, iSignthis.
The Australian Securities and Investments Commission (ASIC) is going to court to get liquidators appointed to so-called contracts for difference (CFDs) and foreign exchange traders OT Capital and Trader Q on October 1. iSignthis provides automated customer verification services to brokers selling these high-risk products and wagering platforms.
The regulator's crackdown adds to investor concerns which sent iSignthis' stock down 34 per cent on Thursday morning after the Australian Financial Review reported a legal dispute between an early investor and parties including company founder John Karantzis over performance rights granted to executives. Mr Karantzis has dismissed the claim.

disallowed/business/com...kdown-hits-its-customers-20190919-p52svb.html

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Don't they love generating clickbait using one of the most talked about stocks of 2019? We all know that ASIC has started cracking down on CFD merchants in Australia last month, thats been on-going in EU for awhile now. Even the company tweeted about it.

Colin Kruger from SMH and Jonathan Shapiro from AFR having a witchhunt on ISignthis. Guess they want their fair share ?

ISX Price at posting: 80.0¢ Sentiment: Buy Disclosure: Held
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