yeah definitely think the last half of June that was happening....

yeah definitely think the last half of June that was happening. But The funds from last placement didn't go through till mid June. The amount of cash available has been the issue all along. Remember this quarter started with Nuheara not having enough funds to lodge to the asx let alone increase production.
the max offering of 50% reduction didn't come into effect until late June but was advertised so early that no one wanting to buy would have bothered knowing a big discount was coming.
lower end is twice the previous and upper is three times so not a bad result. They'll want substantially increase in July and August.

what's your estimate?