Ann: $200,000 Convertible Note, page-90

Growler , you seemed to have overlooked taking into account Norwood’s ip assets . These assets could be valued at well over 20 million to an organisation such as Microsoft and Metaswitch , especially when you take into account the modeling showing an annualised recurring revenue of 100 million dollars . The existing Spark tier 1 telco contract should also be taken into your valuation . I know you will disagree with my valuation on Norwood’s assets , but unfortunately your take above which excludes any allowance is misleading and totally incorrect . Norwood’s current market cap value is currently less than its assets , d_i_b’s claim about risk is 100% accurate .


All in my knowledgeable opinion .....