that delved into the company’s problems, including how it went from investment hero to villain in its short 18 months as a listed company, with its market capitalisation shrinking from close to $400 million to just $26 million this week.
In an at times eccentric and apparently light-hearted post – where he compared himself to Jack Reacher, the protagonist in a series of crime thriller books by author Lee Child – Nash declared he still expected big things for the polarising e-commerce group.“I don’t like being the villain in the investment community. There’s nothing fabulous about that. But at the cost of being a leader in the book industry. Never!” Nash told his connections on the social media platform.
“But fundamentally everything points to Booktopia being a crusader for the Australian book industry, authors, literacy and taking on the might of Amazon.”