Ann: Quarterly Activities and Cashflow Report, page-84

On what measure is the technology worth anything?

Agreed, the ASX participants certainly appear to be ascribing it less value over the last 12 months .. although the enterprise value is still $10m+

More importantly the absence of any material contracts across the evolving product suite would see to suggest that, thus far, customers aren't willing to pay or commit to pay what has been developed.

This could change, but thus far there there is a bigger record of expectation than delivery and each month, quarter and year that passes .. the market changes around NOR.