NUH is now entering a segment resilient and proven to benefit more than consumer electronics, Hearing aid sector and health sector has performed well even in market weaknesses.
Many new investors may have joined NUH on the back of Australian government approval and Nuheara’s ties with major Hearing aid companies like bloom, sonova etc.
What bought NUH down to this level again is a massive opportunistic move by funds behind first capital rising for Nuhera’s RTO in 2016 Options. (Option exercise price was higher than SP at the time of issuing)
As per some credible fund managers view they converted 9.5 million shares for $ 475 K and may have sold 11.5-13.5 range to make over $ 1 million and pay that money to convert next 20.5 million. If they sell all they will make profit over 2 million in a blink of an eye. What amaze me yesterday was the demand it had to absorb all the selling.
Good luck in the volatile market, NUH is entering an exciting stage and SP will follow when they see results.
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