Perth entrepreneurs Tony Sage and Ranko Matic have both hit roadblocks on their path to turn their respective businesses into online gambling companies through reverse takeovers.
Small companies hoping to list on the stock market are facing tougher conditions, with more than a dozen announced deals in Western Australia hitting problems this year and the ASX foreshadowing tighter regulation of new deals.
A Perth-based online gaming company that has raised $14.6 million from private investors is pursuing a stockmarket float after reporting spectacular growth in revenue.
FIVE years after buying private Perth business ComputerCORP and renaming it Synergy Plus, the directors of the listed IT services company have called in the administrators.
Perth-based IT services group Synergy Plus has been placed into receivership after its major funder GE Capital demanded repayment of a finance facility.
FOUR contracts with separate government bodies and publicly listed outfits worth about $65 million have been secured by local IT services providers during the past month.
Delays have prompted Stirling-based ComputerCORP to terminate its acquisition of private east coast outfit S Central while it seals the deal on another purchase.
West Perth-based ComputerCORP will undergo some major changes including a name change and a new east coast-based chief executive following the acquisition of two technology providers.
ComputerCORP will pay some $15 million in cash and scrip to acquire two eastern states technology providers and has announced plans to launch a $5 million capital raising.
