NXL 0.98% $3.08 nuix limited

Was there grief for Eddie ? If so it was carried forward - with...

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    Was there grief for Eddie ?
    If so it was carried forward - with interest - to pre IPO , November 2020
    https://www.innovationaus.com/the-eddie-sheehy-nuix-fracas-is-a-problem/

    Here’s an excerpt ...
    “The Eddie Sheehy Nuix fracas is a problem

    James Riley
    Editorial Director
    10 November 2020


    The legal fracas between the majority Macquarie-owned software success story Nuix and its co-founder Eddie Sheehy has potentially profound implications for the nascent Australian tech sector.
    At a time when the nation is seeking to attract entrepreneurs and innovators to join Australia’s maturing but fragmented innovation ecosystem, the circumstances that prompted Federal Court action sends an unfortunate and alarming message to the world.
    The Australian Financial Review has been reporting Nuix’ steady march toward a $1.5 billion-plus IPO that has included the shocking dilution of the value of an option package owned by Mr Sheehy from an estimated $110 million to a post- share split value of around $1 million........”

    ....etc
    Last edited by sabine: 01/02/21
 
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