Cloud-based call recording platform for the financial services industry, Dubber, has seen one of the “worst share price falls in the history of the ASX,” says Sky News Business Editor Ross Greenwood.
He said while it is not uncommon for a company to fall 70 per cent in a year, Dubber lost 70 per cent in a day.
“Dubber shares haven't traded for six weeks," he said.
“It raised $24 million from shareholders at just five cents apiece - 77 per cent lower than they're previous price. The shares resumed trading today ... and immediately they collapsed.
“Thorney Technologies, led by investor Alex Waislitz, owns almost 20 per cent of the company and supported the capital raising.”
