NOR 0.00% 3.2¢ norwood systems limited

Ann: Commencement of Worldwide Beta Testing of World Wi-Fi, page-77

  1. 3,018 Posts.
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    Gyro, appreciate and understand your comments from a shareholders point of view. But for you and perhaps a few other frustrated s/h's to truly understand the pure magnitude of getting a disruptive technology to market from conception, coding of programs, design and costings for hardware and software applications, investigative marketing and research for a hole in the market for their product; onto beta and alpha testing, which takes you to sourcing large companies who will let you through the front door, 2 years is a miracle, my friend, whether or not they have had other iterations in the past.

    Since 2015 NOR has won a major business award, which looks great on a CV for potential new customers btw, they have also managed, within 2 years to secure a couple of minor revenue streams and have launched a global phone application which has product elements catching the attention of global handset players.

    IMO, it is really important to understand, when you are making an investment, that for many companies, to even get their head in a door with a new technology, in a highly competitive software industry that it can take 12 months. 2 years or even longer of door knocking, emails, demonstrations, conferences, multi-level interviews etc etc etc to see a new product, land on the desk of a CEO for consideration. NOR has managed to do some pretty impressive things in just 24 months and weathering the storm as well.

    In this 21st Century social media driven global economy we now live in we want some reasonable return on dollars quickly today. And the problem with this is, that companies are often forced to rush out a product in order to keep s/h confidence, and deliver sp winning returns, but in reality often end up with disastrous results because of capital funds pressure. From my experience weak hands sink ships which precipitates dilution cycles and CR's to keep a company afloat.

    Waiting since 2015 is nothing, if at the end of the day your investment faith and capital, help a company deliver a world beating product which ultimately delivers multi-bag returns to its shareholder base.

    From my reading NOR has never gone to sleep or been in a coma as evidenced by the 4 ann's this week. I think it is well and truly alive. So we must agree to disagree... but I do absolutely concur with your final sentence "I hope this is the case because it has a great product".

    GLTAH & DYOR. Wishing NOR success.

    Cheers....59
    Last edited by Neil1959: 13/09/17
 
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