Ann: Extension to Closing Date of Share Purchase Plan, page-142

19^th of April, 2017
“Over the coming quarter, revenue under the CommSys agreement is expected to ramp up to the projected recurring run-rate of A$300,000 per annum, with total annual recurring revenues for Corona sales contract now projected in excess of A$500,000.”
This implies $75k per quarter from the CommSys agreement. And at $500k total, it implies $125k per quarter in revenue. Yet the Quarter ended 30^th June 2017 showed only $60k revenue. The June 2017 quarterly anticipated $105k in revenue for the next quarter, but they instead made $59k. They made $1000 less in the next quarter when they were supposed to be ramping up revenue! They then estimated $281k in cash in flows for the next quarter, and then the quarter ended 31^st December 2017 only showed $65,000 in revenue. That’s a $216,000 discrepancy!!


More proof NOR and Paul are full of sht and I wouldn't be surprised if the AFR comes knocking after this quarter. @shanem anything to say for your company? Read my post above and this one, see if you can find some answers to why you've been talking about sales pipelines involving local government, travel and health and aged care,, insurance and airlines when you've actually signed no deals with these industries. Like, come on, actually man up and tell the shareholders why all these deals fell through? Is it because NOR apps suck? Is it because the industry doesn't need your 'solution'? or because they simply weren't willing to pay more than a few bucks to use your second-tier software?

You know why NOR is the only company offering OTT software and stuff in the world? Because it's not profitable! If you seriously think some Aus company that relies on Capital raises to get by, was going to invent some new type of tech that Google, Microsoft, Amazon, Telstra, AT&T, Verizon etc hadn't, you're just being ignorant. Come on, the big boys would be developing this software if it was actually useful. Took NOR an extra year to release Wifi and Secure (expected Q4 2016). They are a slow dev companny and any global tech company could develop Corona-like software in 6 months if it were actually wanted. I was delusional to buy this share.