NOR 9.38% 3.5¢ norwood systems limited

Ann: Trading Halt, page-16

  1. 7,323 Posts.
    lightbulb Created with Sketch. 2283
    Because NOR bought most of those customers via freebies with WP.

    NOR used the RTO capital to promote WP. The more downloads, the more NOR would lose.

    But it enabled NOR to:
    1. pump out positive news
    2. Enable the backers of the RTO to make juicy returns
    3. Have a big CR at 0.08, 0.80 in today's money... which they subsequently blew on an unsustainable business model

    And here we are today.

    No one should be surprised by this CR, I predicted it here:

    https://hotcopper.com.au/posts/55983497/single

    Another good call by the Growler

    All imo... except for the facts
 
watchlist Created with Sketch. Add NOR (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
0.003(9.38%)
Mkt cap ! $16.63M
Open High Low Value Volume
3.2¢ 3.5¢ 3.2¢ $3.463K 107.1K

Buyers (Bids)

No. Vol. Price($)
1 200000 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 43716 1
View Market Depth
Last trade - 15.03pm 04/09/2024 (20 minute delay) ?
NOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.