Ann: Trading Halt, page-8

the capital raising is not such a bad thing for medium or long term holders if, as expected, the money is to fund increases in production to meet expected demand.

what is disappointing is the "leaky ship"; we saw the same price action in the lead up to the last capital raising.  of course, it could be the "sophisticated investors"  who find out about the CR via being approached by whoever is organising it for NUH who then force the price down, if this is so then it is not NUH at fault.  BUT this should be investigated as it has happened twice now.  asic seem to have no teeth or not enough resources or something....

I wonder if retail holders will be included in the CR?  my guess is no.

anyway, here is the relevant bit of the announcement:



Dear Sir/Madam
Request for
Trading Halt
Pursuant to ASX Listing Rule 17.1, the Directors of
Nuheara Limited
(ASX:
NUH
) request an
immediate trading halt in the securities of the Company pending release of an announcement
regarding a capital raising.
This trading halt will be in place n
o later than open of trading on
Wednes
day
,
29 March 2017
.
The Company is not aware of any reason why the trading halt should not be granted.
By order of the Board
Susan Hunter
Company Secretar