DigitalX, listed on the Australian Securities Trade (ASX), has pushed again towards claims that certainly one of its administrators might have damaged buying and selling guidelines.
The corporate mentioned it adopted its inner insurance policies after the ASX raised issues about latest share purchases by Ieva Guoga and her enterprise ties together with her father, Antanas “Tony G” Guoga.
In keeping with an August 11 report from The Australian Monetary Evaluate, the ASX is wanting into whether or not Ieva Guoga purchased 3 million shares simply earlier than a Could 29 announcement.
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DigitalX had made an $11.6 million funding in Solana
$179.13
tokens. The change additionally desires particulars about any associated transactions involving her father.
The corporate defined that its coverage outlines particular time durations when administrators should buy or promote shares. Earlier than making a commerce, they have to get approval from senior workers.
These guidelines are supposed to forestall trades from occurring whereas the corporate holds info that would impression its share worth and hasn’t but shared it with the general public.
Antanas Guoga owns about 15% of DigitalX. He’s additionally the chairman of SOL Methods, a Canadian firm that lately signed a 12-month deal to supply Solana staking providers to DigitalX. This enterprise relationship has added to issues about attainable conflicts of curiosity.
To deal with the problem extra formally, DigitalX plans to carry a shareholder vote on September 5.
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