NUH 0.00% 8.1¢ nuheara limited

Ann: Update to Govt Contract- Re-categorisation of Hearables, page-265

  1. Jbe
    925 Posts.
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    "...the award on 27th November 2018 was provisional and subject to a 10-day standstill period for receiving objections and to verify claims. No actual contracts were entered into at all in November 2018. The NHS told they withdrew the provisional award for the Nuheara product before it could be converted into a contract item".

    In context of the above statement, the p..s poor timing of the trading halt on the 30th November and subsequent $5m capital raise begins to make sense. Nuheara would (or should) have known a provisional award was just that ... provisional, and had a very short window to make their pitch.

    https://www.channelnews.com.au/nuheara-raise-5m-after-uk-health-contract/

    Again, my opinion only.
 
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