RE:RE:Towers Curious as to your takeYou say the guy essentially built Nuuvera. First he was the CFO so how much his roll was who knows.
Secondly according to Seeking Alpha their assessment was
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As to Nuuvera's operations, Nuuvera is a newly formed business that was incorporated only on January 30, 2017, and has generated total revenue of $29,770 from inception to September 30th, 2017 (Pg. 56). (That revenue is in actual dollars, not thousands). The company went public via reverse merger through a shell corporation and listed on the TSX Venture Exchange just months ago in January 2018.
After reviewing Nuuvera's limited history, we characterize the company's operations as very preliminary stage. Aside from an estimated $35 million in cash on the balance sheet, we believe the rest of the company is likely too early stage and too speculative to have any meaningful economic value.
It sounds like it was a bit of a sham and some insider slight of hand is what generated value, not actually a legit business.