They have money which was recently raised plus prior cash in the...

They have money which was recently raised plus prior cash in the bank plus reciepts from invoices.
They bled money because Miller pursued a very reckless and unrealistic strategy and not understanding the business he was in.
When RealTek became a partner, NUH effectively became a platform company as opposed to what they were before, because now they with RealTek were creating the chips and effectively the platform rather than using 3rd party chips and tech.
NUH needed to focus on this instead and leverage this, instead they continued on as if RealTek was not even there.
They were making more sales selling to the consumer market previously, yet he junked this. With a new category it is not easy to work out how long it would take to get traction, Miller assumed it would take off immediately it appears. He also seems to have some delusional idea that NUH would be a leading stand alone hearing brand not understanding what it takes to establish that, ironically he went with HP branding rather than NUH branding.
Leroy (RealTek board director) talked about the platform approach in a investor briefing last year and one would of though this would of been pursued aggressively
Something has come to ahead since the Feb briefing and I doubt its a takeover, if it were that, that creates a few issues with respect to the money raised and as to what was disclosed to the participating party's.