NOR 4.44% 4.7¢ norwood systems limited

Ann: $200,000 Convertible Note, page-113

  1. 2,674 Posts.
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    If you judge probability by history..... you would have been wrong in regards to NOR securing a tier 1 telco contract and NOR becoming a Tech Partner with Metaswitch Networks.... "lack of current prospects"... pilots in Aus, Can, US & Europe... and a new Call Completion platform that the telcos have requested.... are you just throwing out sentences for the hell of it.... in futile hope you don't get called out....

    PO tipping in $200k -- is one of 2 things?

    Ego - he is throwing good money after bad as he tries to save his company
    $ - he is setting himself up to make $$$

    Ill repeat the question you haven't answered -- If your company was in its death throes would you put in $200k on the small hope of saving it?

    If you use your "history" method by determining probability then your are forced into the $ position.... I use the common sense method so I'm in that camp too...
 
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