I talked previously about the reasonable need to cap raise -...

I talked previously about the reasonable need to cap raise - whilst a penny stock - no problem there.

The issue becomes NUH cannot be ticking all of the right boxes though - they have had two stalled quarters of receipts and if this quarter there is another relatively stalled quarter that would mean you are burning on average $4m to $4.5m per quarter.

I do think for those who got in at the 7c area it would be wise to lock in profit at 10c - especially if the next quarter indicates a third quarter of stalled receipts (that is 9 months).

Gloss can only get a stock so far and at some point the market will expect receipt growth and a control over outflows. NUH has neither - so can it really be ticking all of the right boxes?