NOR

2.08%

4.7¢ norwood systems limited

Ann: Company Update and Quarterly Reporting-NOR.AX, page-232

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nfury8

669 Posts.

04/05/16

20:59

Post #: 17679079
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Originally posted by webbj ↑

The share price certainly is no indication of whether the company will run out of money.

The problem is though, that if capital needs to be raised - via a placement or share purchase plan - this has a dilutionary effect.

If NOR wants to raise $5million to carry on their development and marketing, they would need to issue ~150 million shares . This would dilute existing holders by around 20%. Like giving away 20% of your shares.

If they raised the same $5 million when the share price was say.. 10c they only need to sell 5 million shares. You only need to give away 1/3 of your shares.

So the higher the price, the lower the dictionary impact.. better for existing holders, better for confidence etc. As it falls lower, the opposite occurs and its somewhat compounding. Fear of a CR, lower price, lower price... more fear, fear grows then when a raise happens they are giving away larger and larger chunks of their company.

I hold NWZ for example. Bought it near an all time low at 2.2c it was heading down down down.. I bought knowing a capital raising was imminent. The capital raising was low, it was at 1c. This happened in just the last few weeks.

Suddenly, from an all time low, the share price fell almost 50% again. Anything is possible and when the companies need cash - they have very few options. The fundraising market right now is brutal for non profitable tech companies.

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You bought knowing a capital raise was imminent and still feel OK about preaching your KNOWLEDGE.
Ohhhh dear.
Nor will NOT be doing a CR anytime soon.
Have a read if you can of recent releases

NOR Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
2 Upvote

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(20min delay)
Last 4.7¢		Change -0.001(2.08%)		Mkt cap ! $22.32M

Open	High	Low	Value	Volume
4.4¢	4.7¢	4.2¢	$19.38K	424.7K

Buyers (Bids)

No.	Vol.	Price($)
2	231096	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	142144	2

View Market Depth

No.	Vol.	Price($)
1	50000	0.045
1	51759	0.042
1	13888	0.041
3	450000	0.039
1	255000	0.038

Price($)	Vol.	No.
0.047	142144	2
0.048	61184	1
0.050	588941	5
0.052	20074	1
0.056	60000	1

Last trade - 16.10pm 12/07/2024 (20 minute delay)

NOR (ASX) Chart

Ann: Company Update and Quarterly Reporting-NOR.AX, page-232

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Ann: Company Update and Quarterly Reporting-NOR.AX, page-232

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