The problem with the your whole Realtek scenario is they could of done this 2 years ago at a fraction of the cost. Seems like a very strange path to go through the expense and time over 2 yrs when it could of been done in June 2022
RealTek has the option of payment or conversion , it is a convertible note not a bond. If there is a conversion it will be contingent on what deal/s if any are done. The 20% threshold is not a limit, per se, there are exceptions to the rule eg scheme of arrangement
RealTek’s goal was to always sell the chip or version of chips to the world. Leroy stated that in a investor briefing back in MAy 2023. That has never changed and in hindsight perhaps NUH should of become more of an R&D house rather than trying to compete in retail without the resources or knowledge.
I note that question was posed to Miller back in an Investor Webinar in early 2023 which he lampooned, it is probably where NUH will end up. Their retail business is worth zero but their IP and technology has value and application.
Why would shareholders be organising let along funding a challenge to administrators?
They cannot keep running until cash runs out as they have entitlements to pay out, the directors get into serious trouble if that happens. Interestingly, there does not appear to be any mass sackings or redundancies to date. Nor have any of the C-suite non directors jumped yet. They are usually the first to jump ship.
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