Although the littlehedge article has NEA as a buy this is what...

Although the littlehedge article has NEA as a buy this is what sticks out like a sore thumb for me.

The above said, no company is perfect and so we have considered some of the risk and potential downside on NEA below;

Corporate Governance and work culture

NEA does not have a good track record of market transparency and corporate governance as evidenced by the following string of embarrassing market updates.

1. CEO Simon Crowther massively over promises on US revenue delivery timeline – 13th October 2014
2. Simon Crowther gets sacked abruptly – 15th October 2015
   
3. Millions of free options given to new directors Ian Morris (with a strike of 39.5 cents) and Peter James (with a strike of 55.1 cents) – 3rd February 2016
4. Company denies strong market rumor of imminent capital raising – 21st November 2016
5. Company launches rumored capital raising – 24th November 2016
6. Glassdoor staff reviews show consistent negative bias (however showing some improvement under the new CEO Rob Newman)
   
7. Unannounced changes in executive structure (General Manager of Australia John Biviano and CTO Paul Lapstun leaving the company) – 20th March 2017