Ann: Appointment of Voluntary Administrators, page-439

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Lambchops

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16/11/24

07:43

Post #: 76635246
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Originally posted by Bb1974: ↑

The debt of 5 million ( plus any others we don't know about) stops it coming out of suspension. The sales figures have been so poor, the company so badly run, more competition in the marketplace, that no one is going to take this over. Audeara has surpassed the sales figures of Nuheara now, is in all the retailers Nuheara should have been in, has OEM deals, licensing deals and is now in China market. This market was a huge missed opportunity by Miller and the board, and they alone, are fully responsible for its demise given the way they have ran this into the ground, from pole position when doppler went into liquidation. This is a good example of how not to run a company, why you do not build CE PRODUCT, and why you should license technology instead of trying to encompass it in your own product and try and compete against multi million dollar global advertising budgets that all the big CE companies have.

They had an amazing opportunity with Realtek, to place the Nuheara tech in their gear, and license their way to profitability, why that did not transpire, who really knows, but as it did not transpire, the board in turn, wipe all shareholders out, whilst walking away with a few million dollars in their back pockets.

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Honestly, i took it on the chin awhile back. Bought some more in 2011 or so. I am wholly responsible. Sorry Gerrado for smiling in your general direction long time back. 13k down the pisser, oh well, haven't gambled in 4 years, pittance by comparison. Howardiknow, uncertain the calibre of that spruiker, shoulda ESC @THE same time. FO to any resident filth poster that responds...ell whatever.

NUH Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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Ann: Appointment of Voluntary Administrators, page-439

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