As NZT explained, all asx listed companies are required to have 2 quarters of cash on hand at the end of the quarter. Neurizon did not at the end of the last quarter, due to an extraordinary one off expenditure. That being 100 kilos of raw monepantel, purchased from Elanco. They were able to show it was a one off, and most likely showed they have potential funding opportunities in the wings.
This Quarter ends next week, not the 31st July.
I think most on here are hoping for a non diluting form of funding in the near future. I personally suspect they have, and will breath a sigh of relief when it's announced.
NUZ Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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