Ok so I did some digging into how Sheehy lost and it turns out the reason is a principle called Anshun estoppel, it basically means if you didn't bring up evidence in a prior court case, you aren't able to use that evidence in a later related court case. It's funny because in this case, they used the fact they didn't "sell the business" to finesse him out of his shares, Why did the other scumbags like Castagna have access to the options if the business wasn't sold? it's interesting how the law works, he has a short time to appeal.
PS. Today is also the Case management hearing for the ASIC v NUIX case.
Ann: Nuix successfully defends legal proceedings, page-16
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