”generous with the truth”? You mean “very loose with the truth”
It’s not really about incentives, Miller drove this company into the ground twice, firstly back in mid 2022 where RealTek stepped in and effectively bailed out NUH. And now again in 2024. After RealTek came on board NUH should have really been able to go on with it. With a global chip supplier in their corner, they needed to re-orient themselves instead under Miller they really didnt understand the business they were in. How many people does NUH actually have in the US?
Where were the negotiations for deals last year and earlier this year? Basically after Miller has run the company into the ground and required an emergency capital raise to avoid bankruptcy they have come to their senses realising they need a deal/s. Was he lying to people and the market or was he being completely uncommercial in any talks. You would think with 10 interested parties NUH would be able to get at least one over the line.
What Miller is engaging in is unconscionable and pure theft. He will cut a deal then exit. It is the lowest form of conduct from a company officer that you can witness and tells you he doesnt give a damn about shareholders. His performance in the Feb webinar was pure deceit, he gave a bullish summation of things and cried crocodile tears over how shareholders have lost money then less than 3 weeks later, the stock is suspended and it is in a emergency situation.
It has also come to my attention Miller has serious health problems , he had surgery in mid 2022 , it appears it was for cancer , this guy is not a healthy specimen and this may also be a reason why he is doing the grab and run stealing from shareholders. His time horizon may be limited.
It appears NUH has something on the go, whether it’s a JV, takeover , merger or some other deal is anyone’s guess. They have issued short dated options to the investors who pumped in $1.85mln and now the directors are trying to pass off share issues to themselves in the GM, that suggests a pay day is around the corner.
NUH Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
(20min delay)