I have little doubt that this SP has been managed / pushed down by an insider who is getting the stock to a price they are comfortable with, to lower their risk and maximise their gain to play a role in funding the company. How this is ever legal is beyond me but it happens daily and its across the board. Company needs to lift its cash position, it will talk to the only broker that is currently on record (Foster) covering the stock to assist.
The biggest inside traders are brokers (Foster Stockbroking) would be all over NUH cash flow activities. I maintain my view that a cornerstone investor may take a major position as I can't see retailers or sophisticated investors (who really aren't that sophisticated to be honest) getting discounted shares, I could be wrong all IMO.
From my conversation with a Foster Stockbroking Adviser NUH have up until the end of Feb to raise the $6m which has shareholder approval.
NUH Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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