Member Discussion

NUUO To Issue Up To 6 Million Shares Via Private Placement - What Does This Mean?

Agree
Disagree
Informative
Unhelpful
Funny

The source document cited says "Limited to 6,000,000 shares, NT$10 per denomination."

That's equivalent to $2 million USD if they sell all the shares.

For context, NUUO's stock plunged ~90% in 2014 and never recovered:

NUUO's revenue has dropped by ~50% in the last 5 years, with 2017 revenue at ~$9 million USD. Worse, Q1 2018 revenue dropped another 20% year over year.

NUUO made mediocre software at best. I am not sure what other internal issues they had but that is sufficient to put them in this position.

Agree: 1
Disagree
Informative
Unhelpful
Funny