Business Services Industry
Angry iP3 abandons fund-raising plan.(securities)(Brief Article)
Australasian Business Intelligence, March, 2005 by Winterford, Brett
Mar 13, 2005 (The Australian Financial Review - ABIX via COMTEX)
Melbourne-based software company, iP3, will no longer undertake a capital raising. According to the company, its largest investor, USA Health Investors, decided not to guarantee the share rights issue after Victoria University filed a complaint with the Australian Securities & Investments Commission. CEO Ahmed Yousseff says USA Health Investors and other backers will provide the company with the financial assistance to continue its legal battle with Victoria University.
Publication Date: 14 March 2005
IP3 SYSTEMS LIMITED:
VICTORIA UNIVERSITY OF TECHNOLOGY:
USA HEALTH INVESTORS LLC:
AUSTRALIAN SECURITIES AND
INVESTMENTS COMMISSION:
IBM AUSTRALIA LIMITED: ...
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