WhiteHawk shares crash 99.9% under Porcelli
WhiteHawk Limited shares have lost nearly all their value since listing in 2018, falling from 20c to below 1c.
WhiteHawk Limited, a cybersecurity business founded in the US, listed on the ASX in 2018 at 20c per share. WhiteHawk Limited shares jumped to 26c on day one, then collapsed over the next few years.
Shares now sit well below 1c, erasing roughly 99.9% of their value. Giuseppe Porcelli, an Italian entrepreneur based in Manly, is now involved with the company.
Porcelli's track record includes failed attempts to get other companies listed or relisted on the ASX. His ventures have consistently struggled with funding, focus and execution.
Why it mattersShareholders in WhiteHawk face potential total loss of their investment as the company's value has evaporated.
AustraliaAustralian investors who bought WhiteHawk shares have lost nearly all their money in what was once a promising ASX-listed cybersecurity business.
✓ Claims checked against the source. checked 4 d ago
