A blindingly bright-coloured flag appeared only a month ago when the listed company told the market that directors fees for the year would be paid by issuing shares, rather than in cash.
A battalion of red flags paved the way for investors to assess the prospects for one-time market darling, but now bankrupt, online tome seller Booktopia.
The timing couldn’t have been better for Booktopia, who in those heady days boasted a market capitalisation of around $400 million. Despite strong revenue in 2022, it was clear that all was not well at Booktopia as its earnings that year fell a very concerning 54 per cent.
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Australian online bookseller Booktopia stops trading on stock market7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
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