Option conversion is not a CR. It is independent of the company....

Option conversion is not a CR.

It is independent of the company.

FYI: Last week Prosperion Wealth (The IPO underwriters and option converters) converted 9.5m of which they still held 3m at close of business Friday. 6.5m sold in a day.

On that basis, you would expect them to have been the big sellers today. Volume of 56m means they might have sold about another 11m today. We will know in a few days.

In my view, Nuheara held up well today in the face of the selling. To close at 10.5c was a good result.

On the cash side, the injection of $1.5m in the last couple of weeks gives them another month extra. That takes it out to end of July (assuming the near R&D refund). Of course income from Jan to end of July will extend that even further. With a linear scale up they may not need to raise at all.