Novonix (NVX) was a one time market darling but like many market darlings, expectations were unmet , if you go to their HC a forum you can smell a bunch of disgruntled shareholders. It reminds me of two other tech stocks when it come to management remuneration, LVT and BRN, management have no hesitation to reward themselves excessively despite bleeding P&L , this practice may well be well and good in the US but much unappreciated amongst Australian investors.
And I think its product and technology is somewhat complicated for many to truly understand the potential it holds.
Despite an -83pc fall over the past year, its market cap is still $480m with a US$30mil loss over 6 months!
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