Struggling Australian online bookseller Booktopia looks to have reached a troubling new stage. Late last week they suspended trading of the company’s stock — which is worth only five cents a share — pending an announcement. But the follow-up announcement earlier this week simply said that trading in their shares would remain suspended, “pending the release of an announcement regarding further outcomes from the previously announced strategic review including its progress in seeking additional funding.” Co-founder, board member and once-again executive Tony Nash told The Guardian Australia, “We’re in motion at the moment, so [an announcement] will be probably more […]
