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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….

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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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