NOR 4.44% 4.7¢ norwood systems limited

Ann: Investor Presentation and Interview with CEO & Founder, page-95

  1. 494 Posts.
    Even with the jump yesterday, the SP was only trading in the same range it was, two trading days ago Fri ish.

    I.E a 50% drop needs a 100% rise to get back to the same point.

    With the mention of several headline companies being announced as Corona customers in the video the day before yesterday a bonus share trigger looks to be on the cards, so I will dip my toes again once the pending Corona announcement has come out, as looking at the fine print it only needs to sell : 2 x contracts worth $200,000 P.A each to trigger approx 18% more bonus shares to be issued.

    Quite a big reward and watering down for such a drop in the ocean.

    I hope they get Corona Ann out of the way first, in order to get rid of the cloud over other positive events and so Corona can become a positive rather than double edged event in future.

    That is unless they announce enough of a decent revenue increase from all of those headline companies using Corona to off set things, this would be a lot better for P.R.

    For the SP to get to .15c it would be like the SP having reached 25c previously with nearly double the shares on issue.

    Regards Mark H
 
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