NUH 0.00% 8.1¢ nuheara limited

Ann: Strategic Review Update & Variation of MD Employment Terms, page-56

  1. 1,399 Posts.
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    TP...."IF" the Board can orchestrate a deal....and I believe they will....I think we will find NUH is sold to a third party and we will receive (a small amount of) equity in that business.

    I do not believe NUH will trade again on the ASX....

    Miller and the Board should only receive 'performance' shares if stretch performance targets are put in place...eg if a deal is done at say a minimum 80c a share (which is only 4c in 'old' money...the failed Harman deal that Miller could not close was around 7c in 'old' money or $1.40 in current dollars).

    Under the current resolutions all shareholders are being asked to approve; NUH could be sold for only 0.001c a share and Miller and the Board get all their free 'performance' shares....!

    And then Miller's full $407,334 salary plus super will be re-instated after he has received the 5,429,334 shares....it's an absolute joke.
 
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