Author Bio
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of
Triterras (NASDAQ:TRIT) were pummeled today after the company said in a regulatory filing that Rhodium Resources (which recently changed its name to Antanium Resources) received a statutory demand for payment from one of its creditors.
Rhodium and Triterras were both founded by Srinivas Koneru and both companies "are each under the control" of Koneru, according to the filing.
The tech stock sank by as much as 41.7% today and was down by 31.5% as of 2:42 p.m EST.