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Ann: March 2024 Quarterly Appendix 4C, page-26

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tallplumber

5,034 Posts.

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01/05/24

16:48

Post #: 73613415
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Originally posted by the trickster ↑

It’s not a nonsense argument. Do you seriously think people tipped in $1.85mln for a “strategic review”??
I can just imagine the conversation , “we are raising money to conduct a strategic review….do you want to invest some money so we can do this review?”
Yeah right.
Those investors and shareholders who tipped in $1.85mln were most likely briefed with considerable detail, they even threw in OTM options to sweeten things. No one is investing for a “strategic review” , those investors and shareholders have significant informational asymmetry.

@tallplumber, typically strategic reviews dont require a trading halt and are done behind closed doors and do not require capital raising either. “Strategic review” is a euphemism for something else in this case.

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It is very confusing honestly
Who throws in another $1.85mill for nothing
Options also a strange thing at this point in time

NUH Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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