Business
Douugh (ASX:DOU) share price still in limbo. Here’s why.
The Douugh Limited (ASX: DOU) share price remains suspended today as the company released a response to an ASX query regarding potential breaches of its recent acquisition of Goodments.
This is now the fourth week that shares in the tech minnow have been suspended. As such, the Douugh share price remains static at 17 cents.
Douugh offers response
Today is the second time this week that the fintech has responded to the ASX Ltd (ASX: ASX) query.
Douugh was asked for particular dates regarding the deal to acquire Goodments, and responded as follows:
On Wednesday, 21 October 2020, CEO Andy Taylor started discussions about a potential opportunity with Goodments. Discussions between the company and Goodments progressed over the course…
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