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, withthe title: 'ASIC ready to dump Nuix'.

Theabove article was published on Monday, Feb 13, 2023 at 5:00 am. This was beforethe ASX market would open on that day, 10:00 am.

Nuixhad an announcement on 7th Feb with the title, 'Nuix successfully defends legal proceedings'. This was receivedwell by the market and Nuix's stock price rose from 90c to 160c and settled at150c by Friday, Feb 10, 2023. The momentum looked good for Nuix's stock pricewhich was expected to stay upbeat.

TheAFR article was published with an intention of hurting the market sentiment andmanipulating the investors into selling Nuix by spreading a rumour and hearsayin a compelling and sensational manner. The timing was perfectly chosen justbefore the market opened on Monday, but giving enough time to investors topanic and prepare for selling shares of Nuix. There were no facts but onlyspeculation in the article using vague sources.

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

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

Itseems that AFR knew that the market would react to their critical article, eventhough it is not based on any factual information available to public, butsimply on rumors.

AFRhas been critical of Nuix for quite some time, so people had reasonable reasonto believe what AFR published. However, AFR's intention at this instance seemedto be to damage Nuix's reputation and positive market momentum of Nuix's shareprice. 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.

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