2 business men and a lawyer walk into a bar

That should read:

Two businessmen, a lawyer, an IT guy and two PhDs walk into a bar after their grueling six week NexusBattle experience. Six people from many different states have been fighting a battle on behalf of the small unheard majority of Nexus shareholders. They weren't seen for two weeks, such was the amount of alcohol it took to numb the memories of the stench of the battle they undertook .............

OK, you'll have to excuse the dramatic intro, as a theoretical quantum physicist it is rare that I can let the emotional half of my brain have a little fun.

Also, as an expert in my field who has refereed papers of my peers in tier-1 international physics journals, I quickly see where the bodies are buried in any argument and politely request clarification. The blind (anonymous) refereeing process in academia can be quite grueling, but ultimately truths are uncovered and more robust research outcomes are obtained.

Unfortunately, the same rules do not apply in the world of commerce.

On Friday, I received a personal reply from Deloitte regarding my letter of complaint. I also note that Nexus received a copy of their reply and have chosen not to release on ASX (yet?).

On first scanning through the document, even I was a bit depressed by my feelings of "how could I have been so wrong". Well, now having fully digested their reply, it is once again a well crafted document that boils down to:

(1) Oh we can't compare with other analysts ... too much has happened since their analysis.
(2) Yes we agree there are some errors, but they don't make any difference, and
(3) Didn't mention the word "misleading" in my argument on book value comparisons, but now argue that a comparison with book value is not really a good cross check of their valuation. Well, its a bl****dy important one to me!

Anyway, there is no rest for the wicked, and today and tomorrow I will be working on a fair critique of their response, so that shareholders are fully informed of my opinion.

It is not my mission to sway shareholders voting intention, but to uncover information to give some balance to the argument. It will be very important that shareholders seek their own independent advice when making their decision.