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Ann: Notice of General Meeting/Proxy Form, page-21

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24/03/22

22:49

Post #: 60410155
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Originally posted by Gerrado: ↑

pretty sure there won’t be any positive reasons.
all I can think of is:

1) the company faces insolvency without another injection of capital.

2) at the minimum CR price of 80% of prevailing price the CR price would be under a cent.

3) raising under 1 cent is probably not permitted under current debt arrangement…

salaries are a pretty big component of the costs… it might be time they take a haircut until they can generate a positive cashflow.

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They’ll need to come up with some positive news prior to the meeting to achieve any of their objectives

NUH Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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