Yes, Botts, the omission of any mention of Spark speaks volumes. As (unfortunately) a Spark shareholder, I have been following their cost-cutting measures closely. I fear that revenue to Norwood has a very limited life-span.
If that's the case, we have a situation where there appears to be shortly there will be almost no revenue stream at all. Admittedly there are no paid employees (we know that Mr Ostergaard is owed back-pay), so Norwood's day-to-day expenses are minimal, apart from their travel and entertainment. Of course, each day the interest bill on $505K of convertible notes, the Tarrant $800K loan and the Radium Capital loan makes an already parlous balance sheet even more calamitous.
One wonders why they pay ASX listing fees.
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