VA are never very creative and usually teh only reason it heads a different pathway if if management bring something to the table. Management with "specialist" who is also usually VA advisory working with management in 5 months has not done a suitable deal or been able to extend.
Shareholder are not secured and frankly are so far down the ladder VA hass no interest in them. Safe harbour will have protected specialist and NUH management IMO from any shareholder claim and 6 months has put enough time and distance for such.
If any extra $ somehow appear IMO it just means VA takes some more fees if they can or gets it off to liquidation while something exists for a liquidator to take it on.. Well at least if the VA and liquidator are the same.
Reality - If they raised 2 mill to pay out RT they still need $ to continue business ( a business that has no product to sell and remnants of a product that wasn't selling IMO and technology that RT has not been able to get clients commit to yet ) . Next cheapest stage is management to do a deal and take it a private as low cost company and try and get a deal away or even get bought out / partner with RT. Yep shareholder and creditors get zip ..
NUH Price at posting:
8.1¢ Sentiment: None Disclosure: Held
(20min delay)