Well, duh.
- The reason everyone frothed over the IPO is that it was built around a prospectus that turned out to be a fantasy.
- The reason everyone is bashing Nuix post downgrades is because the truth came out and the prospectus was shown for what it really was: a fantasy dressed up in a whole raft of wide-ranging disclosures.
It’s only logical that now the facts have actually come out, investors and commentators are piling the negativity on Nuix. The fact is, it took investigative journalists to get to the bottom of the Nuix situation. Oh, and the CEO and CFO have been (or are being) jettisoned. That speaks volumes.
(PS: it is now well known the prospectus was flagged to ASIC pre-float so it’s not true to say nobody had an issue pre-IPO. Some fund managers have since revealed they elected to avoid the IPO because of all the disclaimers).
Potential catalyst for rocketing soon, page-142
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Last
$2.87 |
Change
-0.090(3.04%) |
Mkt cap ! $928.5M | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.97 | $2.84 | $2.122M | 735.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1589 | $2.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 22088 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$2.88 |
Change
-0.090 ( 2.41 %) |
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| Open | High | Low | Volume | ||
| $2.94 | $2.96 | $2.84 | 57438 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| NXL (ASX) Chart |