For years companies have used " friendly " VAs, to get out of jail. As for the strategic review, that was just the lead up to entering VA, you only have to look at the secured debts and unsecured debts uncovered. They knew they were out of time and Realtek were not going to go ahead. The pivotal warning point, which as laughed at, saying we could not wait to get rid of her, was the departure of the previous CFO. That was a huge red flag. The next red flag, again laughed at, was the announcements on the Realtek platform regarding Alango, and no mention of Nuheara anywhere. No mention of making chipsets, no mention of the name Nuheara, no nothing.
As I said before, if you unwind everything, and look at it from an impartial point of view, all the signs have been there. Sixty million dollars raised, 8 million in debts uncovered, no market penetration, nothing sold in high volume when it did get market penetration, no hearing aid companies selling it, no large retailers selling it, huge amounts of money spent on building products no one wanted to buy, not changing the design flaws early enough, bad management, inexperienced CEO, no retail gurus engaged on the board, sponsorship of basketball teams, trips to CES every year with no customers signed up and so on and so forth.
It doesn't matter now either way, the shares here are all gone, the company no longer exists, and to me, why throw good money after bad, whereas if you win, they will just bankrupt themselves and start up in the wifes name or a n other - its not worth the fight, and its all he said she said hearsay, you wont win, even if you do win, and will end up more out of pocket than people are now.
There is no sale here,
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