Forum Topics FDV FDV Risks

Pinned straw:

Added 4 months ago

Not a good look...


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Frontier Digital Ventures Limited (ASX: FDV or "the Company") requests a trading halt of its securities pursuant

to Listing Rule 17.1 effective immediately.

The Company requests the trading halt to investigate the apparent misappropriation of funds relating to its

Colombian business (trading as Fincaraiz) which was discovered during the weekend. At this stage, the total

amount of the apparent misappropriation of funds is approximately US$430,000. The Company is in the process

of fully investigating these matters.

The Company expects the trading halt to remain in place until the earlier of commencement of trading on

Wednesday, 20 August 2025 and when the Company makes an announcement regarding the above.

The Company is not aware of any reason why the the trading halt should not be granted or of any other

information necessary to inform the market about the trading halt.

Bushmanpat
Added 4 months ago

Let's hope it's confined to Fincaraiz

10

PhilO
Added 4 months ago

They’re pretty decentralised by look of it so I imagine so. Columbia. What could go wrong!

9