General Comments, page-1134

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02/09/20

09:28

Post #: 47010008
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Originally posted by growler1969: ↑

The AR20, despite the financially illiterate protestations of some, clearly show that NOR has zero chance of being cash flow neutral in Sep Q without a deal which includes an upfront payment.

But even with an upfront payment, NOR would struggle to generate enough cash to cover costs. Why?

There are 21 days business to announce a deal, then submit an invoice and receive payment. I have my doubts.

So why is the stock at 0.027?

1. The perma-bears making well-researched bear case arguments (bashing the stock) and influencing the market via a retail investors forum

or

2. NOR's current state of affairs:
i. $150k cash at bank
ii. Only 1 telco customer for VM in 2 years (NOR guidance was 12-18 months sales cycle)
iii. White labeling of VM App with telcos is a failure based on the one and only customer offering the App for free to contracted customers and NZD1 each 4 weeks for pre-paid.
iv. No mention of partners such as Oracle for more than 1 year, other than regurgitating the same announcement as a year in review to create the illusion of the partners are still in deep and meaningful discussions and on foot/afoot. NOR did not renew its Silver Membership with oracle.
v. VM app having 2k paying customers from 50+k Google downloads. How many Apple downloads? Why doesn't NOR release stats?

All imo.

I am quite happy to debate PO or Shane on Twitter. Shane blocked me on Twitter after I derided NOR. Says it all really.

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@growler1969
one thing that i find truly puzzling, having read many of your posts over many months, why on earth would you continue to hold the stock????
with sentiment an unequivocal “SELL”
Defies all reason & commonsense???

NOR Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
4 Upvote

2 Great analysis

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(20min delay)
Last 3.8¢		Change 0.002(5.56%)		Mkt cap ! $18.10M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.8¢	$8.011K	205.8K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	537001	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.031
1	13400	0.030
1	96000	0.028
1	180000	0.027
1	148560	0.026

Price($)	Vol.	No.
0.041	537001	1
0.042	23833	1
0.044	34501	1
0.046	130760	2
0.055	18199	1

Last trade - 11.59am 01/11/2024 (20 minute delay)

NOR (ASX) Chart

General Comments, page-1134

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General Comments, page-1134

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