NUUO To Issue Up To 6 Mln Shares Via Private Placement
NOTICE: This comment was moved from an existing discussion: Nuuo Alternatives? Comparable Or Better Price Point? Quality Software?
NUUO To Issue Up To 6 Mln Shares Via Private Placement
NOTICE: This comment was moved from an existing discussion: Nuuo Alternatives? Comparable Or Better Price Point? Quality Software?
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.
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