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8.1¢ nuheara limited

Ann: Appointment of Voluntary Administrators, page-280

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the trickster

9,918 Posts.

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27/08/24

14:11

Post #: 75395976
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Originally posted by sydneyguy: ↑

Nuh Ltd own 100 percent of nuh ip pty limited

nuh ip is a real asset of nuh Ltd

there is a difference to what the va says about a secured creditor ability to enforce security and the company announcements regarding a credit note and the security it granted over the real assets of the company in exchange for 2.5 m dollars

no doubt this will be cleared up in due course as I said messy when secured creditors dont move before va

but just wanted to point out to some who don’t seem to understand that nuh ip is 100 percent owned by nuh Ltd and regardless of what happens with a charge of security - nuh ip is a real asset of nuh Ltd and isn’t excluded if there is in fact a properly register charge over all the real assets of nuh Ltd as disclosed to the market by nuh Ltd

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No one said it is excluded
RT is simply an unsecured creditor with a very compromised standing as I have indicated. If they were secured the administrator would of disclosed that, after all there was a creditors meeting.
They can try to get their "$2.5mln " and lose allot more in the process or alternatively resolve the issues and get on with business.
There is nothing too complicated here.

NUH Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
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