Ann: $200,000 Convertible Note, page-93

There's no need to guess at NOR's IP assets, they were detailed (as always) in the balance sheet provided in last half yearly report. Typically IP only has a tangible value if it is protected by patents or trademarks or some other type of contractural or legally binding structure. NOR itself values it's IP at zero. If you disagree point out where it appears.




In NOR's case it only has four current patents and they were all granted at least 8 years ago and relate to stuff that is no longer relevant.






To state "Norwood’s current market cap value is currently less than its assets" is just plain incorrect. As @ 31 December 2020 NOR had $341,491 in tangible and intangible assets. It had $1,009,458 in current and non current liabilities.

To put it simply Doz, they had a net deficiency of $667,968

The Company looks like it is broke. The Managing Director has had to tip in funds to keep it going. There is absolutely no indication any sort of deal is imminent and even the Company doesn't think the Metaswitch association is material (otherwise they are obligated to announce it).

But for the folks losing money and the creditors not being paid I'd call this a joke.