Fullshare was the product of a 2013 reverse merger. It was attacked by two short-sellers alleging fraud: by Glaucus Research in April 2017 and then by GeoInvesting in May 2017. The reports failed to have any impact. However, from December 2018 to December 2019, the company's share price lost 95% of its value. This might relate to being associated with a share price manipulation ring highlighted by activist David Webb, the loss of auditor Ernst & Young (replaced by PricewaterhouseCoopers), rumours of the Chairman's family being in financial difficulty or simply because of deteriorating financial performance. Although the short-sellers' allegations are not proven, we think Fullshare's financials are questionable.

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