Yes, I'm burnt by this as I bought in just after the IPO, not at the peak but bad enough.
As it stands now: Revenue $82-85M 1H22 Net Loss of $2-3.5M after tax Profit Margin -0.8% Free Cash Flow -$24.5M Cash from Operations $10M Operating Expense $124M Class Actions by Shine Lawyers AND Phi Finney McDonald ex CEO Eddie Sheehy also seeking damages for options $118M
Can someone explain to me, HOW does Nuix get out of this mess?
Do we wait for a takeover, wait 3+ years for it to turnaround, is there insurance that covers these law suits, does it go into voluntary insolvency and we get the pickings of what's left? How will this play out?
I'll click Sentiment NONE...when I really want to scream!!! There is plenty of sentiment but I am vacillating between selling with an expensive lesson or holding and praying.
NXL Price at posting:
$1.59 Sentiment: None Disclosure: Held
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