It looks like a CR to me: New issue announcement, application...

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rigormortis

279 Posts.

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23/03/18

09:01

Post #: 31969450
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Originally posted by kickit2me ↑

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.

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It looks like a CR to me:

New issue announcement,
application for quotation of additional securities
and agreement.

I agree otherwise with all your points. Whoever it was that cashed in must have a contact in the White House.

NUH Price at posting: 10.3¢ Sentiment: Hold Disclosure: Held
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It looks like a CR to me: New issue announcement, application...

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