Prime sacks Destra Board
Destra is the latest company to fall prey to the Opes Prime collapse – with its major stake holder Prime Media Group moving in yesterday to sack the board
Destra is the latest company to fall prey to the Opes Prime collapse – with its major stake holder Prime Media Group moving in yesterday to sack all but one member of the board, including company founder Dominic Carosa.
Destra’s trouble began when the ANZ Banking Group sold a massive pool of shares by Opes clients in an attempt to recoup some of the $650 million dollars they were owed by Opes. Prime Media responded by buying up Destra stock increasing their stake in the company to 44% and soon after Carosa’s days as a digital media mogul were over… Pic: by Michael Clayton Jones
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