Rewind to this time last year and Silicon Valley-based, ASX-listed HR tech company 1-Page was being trumpeted as the most successful backdoor listed stock of the year – an inspiration to many other companies taking the same route to the public market.

But how the mighty fall. Since reaching a share price high of $5.69 in September last year, a huge 2745 per cent up on its 20¢ issue price in less than a year, the company has since lost more than 91 per cent of its value, slipping to less than 50¢.