Business
Nuix investors urge leadership overhaul – The Australian Financial Review
The besieged $996 million business plunged another 9.5 per cent on Monday after trying to explain away reports of infighting and inadequate prospectus risk disclosures….
One investor who did not want to be named sold out a large chunk of his holding earlier this year, but still retains a small position. He said there was a decent underlying business, but it needed a new CEO, an internal investor relations team and more transparent accounting.
They need a new CEO at a minimum. This guy has lost the trust of everyone in the market.
Nuix investor
It looks like they did something funny with the IPO accounting… but I actually think its a very interesting situation…
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