Doz: "Did you know that one of our regular posters here lives in Asia , they could become a handy asset with current Asian telco news and information . imo"
I lived in 4 countries in Asia; up until 4-5 years ago. I still have many friends and business associates dotted around the region.
Whenever I have posted info re: Asian telcos/telecommunications habits which doesn't match your bias or NOR narrative, you rail against it.
Here is my prediction re: Asia (take your pick on which countries it may apply to):
1. The VM app will be a flop
2. NOR may be able to sell the internal VM solution to those telcos with obsolete systems
Further predictions:
1. The above may be a moot point if NOR goes into VA because of the virus, lack of VM subs in NZ, 3 or so additional months needed to convert pilots to contracts
2. The next Q, due in 20 trading days will be a shocker; worse than the previous as there will be no Government Grants/R&D refunds to prop up receipts. The new Q format requires a company to show they have 2 Q's of runway. Without Government Grants/R&D refunds to prop up receipts, NOR will not be able to show this. As such, I think they will do another CR in the 2's (notice the 's? This means the price will be between 0.02-0.029) to illustrate they are able to continually top up cash. I think current placement capacity is between $400-500k based on a CR between 0.02-0.025*.
* Remember the time I predicted $500k at 0.04? I got the price right but the raise was only $200k. The next raise was at 0.025. NOR would've been far better off going with my prediction. I wonder why they didn't.
All imo
NOR Price at posting:
2.9¢ Sentiment: Sell Disclosure: Held
