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There's still a glimmer of hope with money in the bank plus...

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Howard Ino

11,685 Posts.

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30/01/18

13:04

Post #: 30661501
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Originally posted by dd40 ↑

Will the next CR be larger and via a strategic placement and NOT primarily to sophs/instos?

I'd expect shareholders may be voting on an equity resolution this year.

Our product portfolio will be dollars hungry over the next 12 months as it is now x3 in a production sense and the accompanying terms of trading lag. This is a positive indicator of our growth, and a sign that encumbants or electronics brands cannot ignore the IQBuds range.

I say "strategic placement" because NUH appear in a much stronger position with new products, a continued technology lead, and a solid international distribution network covering retail and specialist audiology/hearing assistance clinics. That technology lead will be a key driver that has no doubt pricked the ears of some partnering suitors.

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There's still a glimmer of hope with money in the bank plus revenues from Dec quarter that the new products could be funded enough to kick off production ?
After which the pre orders should give a futher indication of demand to make it easier to approach financiers if needed ?
Just saying ?

NUH Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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