Hi forextraderL
The decrease in revenue per day is obviously not good. With $6.5m cash as at 31 Dec 2015, NOR cannot afford to burn through $2m to $3m per quarter for very long without another CR.
Customer retention may be very low. With 4m downloads it appears as though most do not want to pay to use WP. Their new strategy needs to be a success as they could not continue doing what they were doing.
Ann: Norwood Moves into Next Phase of World Phone Growth, page-50
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