If NOR can hit over $2M in revenue + secure 2 corona contracts, you are looking at another two tranches of performance shares that will add another 157 million shares to the registry. + current 867 million shares = ~1bn shares.
Even with R&D rebate of ~$1.5M in July/August I don't see a CR avoidable before end September. Given the current burn rate I would think a minimum $5 million would need to be raised. Even if NOR raises at 8c (very unlikely now), that would be another 62.5M shares. More likely they would need $7.5M @ 5c = 150 million shares.
With 1.15BN shares there is a lot of drag on the SP.
In terms of the things that need to drop into place many of those are wishful thinking in the time frame you are talking about. Telcos move slowly. If a major telco is integrating into their core service offering it would need a minimum 1 year testing + support SLA to meet their current standard. Don't think NOR is aiming for this though this would deliver the greater revenues.
If it is a simple ancillary app then who knows what the value could be. We don't have a real sense of what an OTT contract is worth. What the fee split may be with a carrier. How many users would use it etc. To project $5m in revenue by early 2017 is guesswork so I couldn't say if this is conservative, realistic or optimistic.
Also, for a telco to pay attention in terms of acquisition, World Phone would need 20 million active users. Not just downloads.
NOR Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
(20min delay)