ISX – ISIGNTHIS – down 11 cents, or 10.5 per cent, to 94 cents
The billion-dollar know-your-customer company pre-empted an upcoming media release by ASIC, the Australian Securities and Investments Commission, regarding frozen client funds.
ISignthis said that ASIC applied to the Federal Court to freeze two merchant accounts containing $4.7 million, which the Isignthis is holding until the court orders are lifted.
Isignthis said the freezing of client funds hasn’t affected its profit and loss in any way, and its net assets remain unchanged.
OSX – OSTEOPORE – up 29.5 cents, or 40.7 per cent, to $1.02
A day after the bone healing company listed on the ASX, its shares continued to gain.
The initial public offering price was 20 cents.
MML – MACQUARIE MEDIA – up 1.5 cents, or 1.8 per cent, to 84.5 cents
NEC – NINE ENTERTAINMENT – down 0.5 cents, or one cent, to $1.975
Macquarie Media says advertising legend John Singleton, who owns 32.3 per cent of the company, has accepted Nine’s off-market takeover offer.
Nine now holds an 87.05 per cent stake in Macquarie, just short of the 90 per cent threshold needed to compulsorily acquire all shares and de-list Macquarie.
STX – STRIKE ENERGY – down two cents, or 7.4 per cent, to 25 cents
WGO – WARREGO ENERGY – down 3.5 cents, or 10.3 per cent, to 30.5 cents
Strike has finished its West Erregulla-2 exploration well north of Perth, the deepest ever drilled on Australian soil, and is installing the wellhead “Christmas tree” valve assembly atop the well.
Flow tests will commence in early October and are expected to take about two weeks.
Warrego owns a 50 per cent stake in the project.
ARQ – ARQ GROUP – down 18 cents, or 33.3 per cent, to 36 cents
Chief executive Martin Mercer will step down of the digital services company as its enterprise division falls far short of expectations and executives consider a sale of some of the business.
TRL – TANGA RESOURCES – flat at 0.3 cents
The mineral exploration company has completed its maiden drilling program at its Hagenhof Copper Project in Namibia, southwest Africa.
APV – APPSVILLAGE – flat at 17 cents
The software-as-a-service company is expanding its Facebook advertising to target emerging markets in the Philippines, India, Malaysia and countries within Africa.
Appsvillage allows small and medium businesses to easily create promotional and advertorial content quickly and easily via its app, and advertise directly on Facebook.
NOX – NOXOPHARM – up 1.5 cents, or 4.1 per cent, to 38.5 cents
Chief executive Greg Van Wyk is leaving the drug development company after just 10 months with it. No reason was given.