When a big-talking adviser turns aggressive
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At some stage, almost all burgeoning companies look to experienced advisers for help – to raise capital, to hire talented managers, to grow.
A small Perth-based biotechnology company, which hired a corporate advisory firm with an impressive-sounding talent roster and slick marketing spiel, is now experiencing the flipside of what should be an intimate and mutually beneficial relationship.
Holista Colltech makes collagen, food ingredients, supplements and sanitisers.
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Last Friday, ASX-listed collagen and supplements manufacturer Holista Colltech disclosed it is being sued by its Singapore-headquartered adviser, Eight Mercatus, for defamation in the Singapore High Court.