Need to relax people, Its an AFR article wait for the verdict...

Need to relax people, Its an AFR article wait for the verdict still in discovery phase.

* Didn't hit guidance by $8mil ($193m -> $185m). its 4% out of original estimate.
* Nuix doesn't control the share price or the stock market.
* Covid was unprecedented times with huge bull run pushing SP to $11 in January.
* SP rockets prior to discovery (February) that there may be issue with guidance.
* Covid also was the cause for many businesses in stopping service due to lockdowns Etc.. (Slowdown in revenue)
* Nuix eventually did disclose the adjusted guidance (They didn't hide it)
* Conducted investigation as soon as was advised by the board.
* Delayed disclosure to market - and response was shown in the sell off.

Ill ask the question...

Do you actually think that if the announcement was made in Feb as the article suggests that the market would have responded differently to how it did?

I don't think so, its 4% off guidance - where talking during Covid lockdowns.

I think Macquarie and previous CFO where in murkier waters. Either way lets not get our panties in a twist. Not long to go now expect a Christmas hit piece or two in the AFR and SMH.

As for SP its going to fluctuate if we hold up here its a good day.