These are small gains imo madau that do not amount to anything...

These are small gains imo madau that do not amount to anything meaningful.
Doesn't solve any problems apart from liabilities & the stock is so heavily manipulated the market won't go near it.
Debt is far from extinguished as MCT have their hand out for 1.28m, plus other legal action well advanced.
If the proxy votes were deemed to be tampered with this may have implications on Allans holding & board position so small gains imo.

The market hasn't impacted this stock as it looks heavily manipulated from the rights issue, having an MC of 9m & 5m in liabilities makes this company very over valued in comparison to MCT.
The major concern the market has here isn't the liabilities, it's the solvency question & value of the company. It had an SP of 2.5c sometime ago but now it's over 3c even with the current debacle. Add to that the significant dilution and it's probably 3x it's market value or more imo.
This rights issue is devaluing shareholder interest and making the company less appealing to current share holders.
The question you have to ask yourself is how much is NEX actual market value, I don't see value here.