Investors Bite

SEC Files Settled Charges Against Company and Founder For Defrauding Investors in Event Center Business

11/5/2018/US SEC On May 10, 2018, the Securities and Exchange Commission filed a complaint in the U.S. District Court for the District of Utah against The Falls Event Center, LLC (The Falls), a Utah limited liability company, and its CEO Steven L. Down of West Jordan, Utah (Down) for making […]

Diamond Bank Post N11.55 Billion Loss Before Tax in 2017 after Delayed Filing

By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s lender, Diamond Bank Plc on Friday reported a loss before tax (LBT) of N11.55 billion for the period ended December 31, 2017 compared to N3.37 billion posted a year earlier. Similarly, the bank recorded a loss after tax (LAT) of N9.01 billion compared to N3.49 billion […]

Cybersecurity Group Avast Valued At £2.4bn In London’s Biggest Ever Software IPO

Culled–Proshare May 11, 2018/London Stock Exchange  London Stock Exchange yesterday welcomed Avast, a leading global cybersecurity provider, to the Premium Segment of the Main Market.  Raising $200 million in primary proceeds and $616.6 million in secondary proceeds, pre-greenshoe, with a valuation of $3.23 billion. Avast is the largest tech IPO […]