This has been my official Complaint to ASIC against AFRI urge...

This has been my official Complaint to ASIC against AFR

I urge all holders of Nuix to also make an official complaint to ASIC about AFR. Let's all get the ball rolling on this gang. We want a class action against AFR for stock market manipulation!

The Australian Financial Review, Nine Entertainment Company (copyright link), published an article on Feb 13, 2023 at 5:00 am, with the title: 'ASIC ready to dump Nuix'.

The above article was published on Monday, Feb 13, 2023 at 5:00 am. This was before the ASX market would open on that day, 10:00 am.

Nuix had an announcement on 7th Feb with the title, 'Nuix successfully defends legal proceedings'. This was received well by the market and Nuix's stock price rose from 90c to 160c and settled at 150c by Friday, Feb 10, 2023. The momentum looked good for Nuix's stock price which was expected to stay upbeat.

The AFR article was published with an intention of hurting the market sentiment and manipulating the investors into selling Nuix by spreading a rumour and hear sayin a compelling and sensational manner. The timing was perfectly chosen just before the market opened on Monday, but giving enough time to investors to panic and prepare for selling shares of Nuix. There were no facts but only speculation in the article using vague sources.

As a result, Nuix's stock price dropped at ASX market open on Monday to 106.5c which was a drop of nearly 30%.

AFRhas indulged into market manipulation and unethical conduct by being in a position of power. AFR has abused and misused it's market position and people's trust in the company's journalistic standards.

It seems that AFR knew that the market would react to their critical article, even though it is not based on any factual information available to public, but simply on rumors.

AFR has been critical of Nuix for quite some time, so people had reasonable reason to believe what AFR published. However, AFR's intention at this instance seemed to be to damage Nuix's reputation and positive market momentum of Nuix's share price. The article AFR published had no substantiated facts or information from identifiable persons within ASIC and other mentioned organizations. As a result of this, my holdings of Nuix lost nearly $55,000 in value, and the loss of opportunity for me to invest my foreseeable profits in other stocks in ASX due to this conduct is truly in 100s of 1000s of dollars.

I would like AFR's conduct in this case, to be investigated by ASIC as I believe AFR have indulged in serious market manipulation and stock price manipulation by means of unethical and sinister advantage of their position in Australian media circles and influence over Australian public.