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A glimmer of hope ?, page-2

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crazymaf

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11/10/16

15:28

Post #: 19776557
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Originally posted by gyro gearloose ↑

I sent an email to Shane Murphy today....

Hi Shane
When is the quarterly due?
What R&D cheque will they get?
Trying to put together some info for HC investors.
Northing is coming from company?
How is vnpt mou progressing?
Would appreciate some feedback of value.
Regards

Hi Sir Gyro Gearloose

1. Quarterly is due by 31 October
2. Second page of annual Report announcement said “The Group has forecasted to receive an R&D tax credit refund of an estimated $1.26 million prior to the financial year ended 30 June 2017, up from an earlier estimate of at least $700,000”
a. http://www.stocknessmonster.com/news-item?S=NOR&E=ASX&N=788760
3. VNPT MoU is progressing, but nothing further to announce at this time.
4. Other sales activities also underway - It’s very much been a period over the last month or two of Norwood getting on with what it said it would do – going to market with a very strong focus on both corporate sales, and potential white label / carrier opportunities for the suite of products.
5. That is still ongoing, and management is fairly happy with how that process is going. Unfortunately you can’t really announce that you are making progress or that you are hopeful too many times without starting to sound like a broken record and trying the market’s patience – it’s at the stage where the market really wants to see final results, not an update on an ongoing process. You can announce the end product of the sales process once complete of course.

GLTAH

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"Management is fairly happy with the process".. I would of rather them say really happy.. extremely happy (just doesnt sound like they are to confident about their progress).. not fairly happy.. but then again.. Im fairly happy we aren't below 2s yet

Last edited by crazymaf: 11/10/16

NOR Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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