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The latest update is out from Dropsuite ( (AU:DSE) ).
Dropsuite Limited, a company listed on the ASX, is currently involved in a legal matter concerning its shares. The Acting President of the Takeovers Panel has issued interim orders in response to an application by Harvest Lane Asset Management Pty Ltd. These orders prevent Topline Capital Management LLC, Topline Capital Partners LP, and their associates from selling or transferring any shares in Dropsuite or decreasing their voting power in the company. The orders are in place to maintain the status quo until further proceedings or decisions are made, impacting the company’s immediate operational flexibility and potentially affecting its market position.
More about Dropsuite
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $257.4M
For detailed information about DSE stock, go to TipRanks’ Stock Analysis page.