Given the CEO purchased shares over a three day period before the pause, I'd say there's a good change the bid has already been accepted.
As you say, let's see how this plays, but the management of this company have been charlatans from the get-go, as has Macquarie.
I'm genuiely amazed that the CEO can get away with purchasing hundreds of thousands of dollars worth of shares just before a takeover bid is announced. Has the CEO allowed greed to get in the way of common-sense or is he legally allowed to do what he's done?
I guess at Nuix, the bar has already been set so low that nothing should surprise us. Insider trading is just "Business As Usual".
NXL Price at posting:
87.0¢ Sentiment: Hold Disclosure: Held
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