Realtek have been aware of their position for a long time and are in pole position as only secured hold over assets . They have seen the maneuvering for the last 5 months and IMO safe harbouring M & A specialists consulting and did not take the bait and contribute when the $1.85 was raised. You must assume RK are well advised and as seen by timing of VA it has been left so RT couldn't pull trigger as debt had not fallen due.
So if indeed RT have 2.5 mill prioritised debt over NUH the outcome is that they walk with asset and the VA gets paid and everyone else doesn't have job from end of this month ( is the usual or instantly at VA) , shareholders get zip. RT may also be owed for further work?
As of appointment of VA for them to accept it there must have been approx opportunity $400k in cash or something realisable . RT IMO have no interest in ASX shell and the complication of it.
The advisor and VA would be aware of any offers made to RT renegotiating conv note and also have set a min value that RT would probably offer for IP etc just to settle the matter ? No idea if that would include any staff etc. RT or a client of theirs is the obvious home assuming there is actually a product with a commercial opportunity or IP that can be applied to RT chipset as software or hardware.
RT will IMO push NUH to a empty shell if VA will accept their offer / demand DOCA or RT will force liquidation .
NUH Price at posting:
8.1¢ Sentiment: None Disclosure: Held
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