Actually it has a lot to do with NUH. They just signed a deal which is really a "distressed debt" deal. They also have a supply chain which is exposed to countries affected by the coronoavirus.
NUH are on a timeline to pay back this debt before the lender decides to exercise at a discount to the VWAP. This Virus could not come at a worse time for NUH. In fact for any company who is running a very tight cashflow and is under capitalised this is potentially catostrophic event.
NUH is being sold down, and rightly so, the chances they survive the next 12-18 months are very very slim. NUH aren't alone, but don't kid yourself into thinking this will all just "blow over" for NUH. The SP is likely to be driven into the ground.
Unfortunately I don't think there is a lot NUH can do about it, they are a victim of bad timing and taking too long to execute. It will be what it will be.
That's not accurate, they just did a deal on a convertible note.
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