NUH previously and VA have as far as we are aware made no claim...

NUH previously and VA have as far as we are aware made no claim against RT. RT have not acknowledged any claim or counterclaim.
Funding and contributions for chip would be as per MOU and ongoing costs and progress agreement. We have never been notified of dispute
NUH management in very weak position previously and basically no position unless they can pay cash and recapitalise business
Only DOCA avaliable is with RT - secured creditor and only if they don't appoint receiver and manager . Receiver works for RT to realise debt asap.
VA will not fund a claim even if the imaginary claim some invent exists .
Saving face - they get 2.5 mill back in cash if it exists and or take ownership of assets to that valuation. Why would RT dilute their dominate position at any point .

NUH management as shown by letters have avoided any such claim. They don't claim any fault for any delay if any existed in delivery of final chip - whatever that simplistic language means
Receiver or VA will take whatever reasonable offer on table from RT or others and unless NUH management organise a competing offer - that is unlikely IMO as they have had 8 months to do so and find a backer .

If RT take it all as cash it may indicate what they believe value of IP is now or just play the game and try and pick IP up in liquidation if they want it knowing they have a massive head start as they know what is in chip , in design and on chip along with NUH knowledge . If they want it may as well offer to receiver an get it as VA and receiver would rather cash so they can take fees and time to get $ out of listed shell