I wish to thank NBT and the anonymous author of the letter for their outstanding work.
One thing i cannot comprehend is the enormous potential of Nexus. In the letter it refers to success at Auriga worth 59 cents per share to Nexus, see page 7. Is this correct? If so, how could the CEO not attract partners or capital raisings? The lack of marketing and contingency planning from the CEO is incompetence at best and i best not say at worst. What did the CEO achieve in 2 years? A revised GSA that likely sunk the company and reduced admin costs by 30%? Big deal.
I have emailed Nexus to see if they are pursuing re-financing options should the SGH bid fail. No response so far. Does anyone know if they are precluded from pursuing this option? I know this is wishful thinking but what else are they doing? They sure aren't taking phone calls or responding to queries.
Good luck to all
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