Share Price Rising, page-1699

Hi Gerrado

Re yr question “ can they use the funds.....?”

Need to distinguish between cash flow reporting and reporting of financials. Let’s say the cash inflows associated with IQBuds Max commence from 6 January, the quarterly as at 31 March would need to reflect these inflows irrespective whether the associated orders have been fulfilled or not. If the Company’s financial reporting period happened to coincide with the 31 st of March (which it does not), it would be required that the Company reflect the value of any orders, where the customer has pre paid but not received the goods, as a liability on the balance sheet, normally termed as ‘unearned income’.

So, if Nuheara chose to use the inflows or part thereof to fund say, their first quarter advertising campaign, this would not be questioned, nor would any of the reporting need to reflect this fact.

I too am not an accountant, but this is my understanding. To my mind, Nuheara are sort of doing an in-house crowd funding campaign. Did exactly the same with Boosts.

Rokewa