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tallplumber

4,864 Posts.

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25/06/24

12:53

Post #: 74477892
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Originally posted by the trickster ↑

The other thing is , if they don’t close something pretty soon , they will run out of operating cash.
Do the math, at the end of the March qtr they had around $300k. NUH roughly has a burn rate of around $450K per month. Give or take. If you strip out the salary reductions and a few other costs, that roughly equates to $50k perhaps $70k per month. Let’s assume $400K per month is a reasonable number
They had bugger all sales, however without any sales push they may be lucky to get between $100-150k for the qtr
$1.85mln was injected in April so they have about $2.1mln to play with but it has been 4 months into this suspension so they have roughly burned through close to $1.6mln. They may have cut costs but but no one has been sacked or anything.
Either way they need whatever they are working on to be finalised very soon or raise capital. They will struggle to raise anything.
Not only are they running up against the options deadline but also the bank balance.
Did anyone go to the GM? I heard from one person the directors appeared very confident. Is it false bravado? Yet they have lined themselves up at the trough at the most opportune time if something is there.

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Did thus person say if any questions emailed in were asked ???

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