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4.8¢ norwood systems limited

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phantomyarn

421 Posts.

31/01/17

10:20

Post #: 22239779
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Originally posted by billy duckworth ↑

I agree, Growler. Coco is an amusing man.

Unfortunately the overall situation is far from laughable. This is a stock that has cost many people a lot of money and caused serious stress. In my own case the damage was close to $30K. My mate took a loss of six figures. The Holla conglomerate would appear to be down about $250K. Who knows with Disco, Braydan, Brent, Unlucky Bacs, The Large Caged Bird and many others ?

The facts are simple. Tomorrow they are likely to report cash at Dec 31 of around $2.5m, bolstered by the R & D rebate. They appear to have no guaranteed net-profitable revenue at all. Their life is very limited indeed. Added to that, the effort to keep the stock at 2.8 is running out of steam. Averaging down and/or desperately propping rarely bears fruit.

The only reason to hold the stock is blind faith. Young Webb referred recently to the cathartic experience of selling dud stocks at a loss and moving on. Holders should at least consider his advice.

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It is better to die on your feet than to live on your knees. old jungle saying

NOR Price at posting: 2.8¢ Sentiment: None Disclosure: Held
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Last 4.8¢		Change 0.000(0.00%)		Mkt cap ! $22.72M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	100000	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	90000	1

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No.	Vol.	Price($)
2	100000	0.043
1	13888	0.042
2	175000	0.041
3	575000	0.040
1	200000	0.039

Price($)	Vol.	No.
0.046	90000	1
0.049	18148	1
0.050	470000	2
0.056	60000	1
0.058	100000	1

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keep up the great work NOR, page-10

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