Ann: Nuheara Q2 FY24 Business Update, page-7

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1988scarfo

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05/02/24

15:32

Post #: 72244657
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Originally posted by FrankieAlfie: ↑

Extraordinary dynamics today. I've not seen Justin with such poor body language. Kudos to fronting up and the questions being asked. It is also pretty clear that Ronn monitors these threads.
The most disappointing statement was not from this presentation but from the investor webinar before Christmas. They didn't have the expertise to understand what would be required for the FDA approval. Their suggestion that they were hopeful to launch at CES 2024 was either totally incompetent or false. They haven't just missed this deadline,, but they have missed it by at least six months. That is a total disgrace and falls on Catherine. Hence, I'd suggest there was tension on Zoom today.
The 5000 POS have now been shown to be a myth. It's now down to a 1000 stores where they will sell 5 or 6 from each.
The OEM, the 10 OEM, the non OTC OEM all have been pushed and promoted by Trickster as the way forward and everyone who raised issues with lack of sales of the HP/Max didn't understand the business. Well, today, that has been put to bed. Those who have continually focussed on revenue, sales, etc., as essential to keep the company alive have been proven right. Trickster should apologise to naive investors who read and believed his rants. There won't be an OEM for at least six months. They have less than two-quarters of funding left. They will be raising in the next month or two.
I give Justin much credit today for coming out and saying how gutted he was for LT shareholders. He is acknowledging how poor things have now gotten.
It is not dead but certainly on life support. It needs the funds. It needs Catherine to pick up her game. And to move to the gen 4 ASAP.

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Seem's a certainty further dilution will happen before anything to do with Gen 4/OEM's is up and running.

Not sure any Insto's will be willing to stump up the capital required to get us through till Xmas (as I believe Xmas at the esrliest will have Gen 4 up and running)

NUH Price at posting: 9.3¢ Sentiment: None Disclosure: Held
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Ann: Nuheara Q2 FY24 Business Update, page-7

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