Their CR efforts do suggest that firstly they were not fully aware of the costs to develop and market the technology.
The technology is sound and no doubt will find its position in the market, but they have mismanaged the fund raising.
They had excellent momentum in the early stages and now it would seem they have investors offside due to the lack of clarity re dovetailing money spend and technology development.
Ann: Norwood Raises Capital for Continued Service Expansion-NOR.AX, page-134
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