NUH 0.00% 8.1¢ nuheara limited

Being a joint founder of the company, he was on a large salary...

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  1. 1,268 Posts.
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    Being a joint founder of the company, he was on a large salary and sold 5M self allocated shares (money for nothing) for $200,000 off market. Maybe the latter was done so as not to panic the market or it was just plain deceitful but certainly was the attempt by management to hide the transaction amidst a bevy of other announcements. He stepped down from his position, also as a director, but after the dust had settled he has resumed a directorship with salary plus super of $123.018 and is still a major holder.

    Any personal financial difficulties were his problem, whereas there maybe many here who have, or stand to suffer major losses having paid for their shares. All will be forgotten if he and management can drive the company into profitability with the opportunities now available..
 
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