Farjoy alone spent around $7.5 for 7.9% of the company about 71mln shares back in 2018 then another several million to bring their average down over 2022/23 (say about $12mln) Fiago/Jamore put in around $10mln Both these guys tipped in $1.85mln combined for the "strategic review" Then there are the rest of the proponents who combined put in well over $5mln Then there is the amount to keep the lights on during VA $1.3mln Then the $6mln via Orrechio to exit VA with 100% ownership of NUh and the IP
So you are looking at around $36mln invested/spent so far.
Add in at least $10mln to keep it trading for the next 12-18 mths.
You are up to at least $46mln. Market cap at last trade was $20mln approx
They could not get a buyer while in VA to save themselves
You can also see why the shareholder committe decided to ditch the rest of the NUH shareholders and give the zero
NUH Price at posting:
8.1¢ Sentiment: None Disclosure: Not Held
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