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8.1¢ nuheara limited

Ann: Appointment of Voluntary Administrators, page-257

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Teddyward

9,474 Posts.

898

25/08/24

15:12

Post #: 75362823
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Originally posted by ElleBee: ↑

The debt is due in two weeks. Of course the administrators are going to attempt to delay that. You’ve gone way down the wrong path with all of this talk of litigation and legal action. Even if there was a royalty deal in place, no money would be due as no product has been sold. The really simple fact in all of this is that NUH has $2.5m due in a couple of weeks and currently has no way of paying it. Work the rest out for yourself if there is no extension.

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Yes RT may chose to take shares at 16c!!! and give up 1st security over whole company ?
Never know till trigger date or formal irrevocable notification and as of day before VA when they would have been obliged to tell holders nadda nadda nadda .

NUH Price at posting: 8.1¢ Sentiment: None Disclosure: Held
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