NOR 4.26% 4.5¢ norwood systems limited

Ann: Becoming a substantial holder, page-241

  1. 1,437 Posts.
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    You've somewhat missed the point.

    Especially if you need to resort to bringing up my posts from over 18 months ago. In 18 months I have become aware of the nature of some ASX listed companies. I have contacted the ASX numerous times and NOR has admitted to some of the undisclosed (until my complaint) failures or reductions in their contracts and "anticipated pipeline deals."

    It's not illegal or silly or bad of me to have been wrong about my 50cent call. Just as it's not silly or bad of people to have believed the Earth was flat once. But once people are presented with enough facts to challenge their opinion, in my case I became more and more aware of the lack of progress NOR never seemed to make, it is somewhat odd not to change opinions. Believing the Earth is flat in 2019, given facts to disprove it, seems to imply ignorance. Those people would rather cling to the idea of a flat earth than admit they were wrong.

    I fully admit I believed that if the VISA deal and the BIG 4 BANK deal that NOR promised, came to fruition, this share could have been 50cents (pretty sure I said 30c, but let's go 50c) on some hype (remember this was back when far less shares were on issue).

    However, it is pretty clear from the last 2-3 years that NOR talks big, but can't deliver. Fact. They literally talked about Big 4 Banks (Holla and I thought Westpac), Universities, a London Bank, Visa etc as if Corona was the next big thing... And yet literally not a single one of those ever bore fruit. And now we're all talking about Virtual Voicemail as if it's all NOR has ever done?! It's insane how quickly you want to forget the number of fails NOR has suffered, but that you hold on to my 50 cent call (pretty sure it was 30 cents anyway) as if I made it yesterday.

    Let's just clear that up once and for all. I did... 18-24 months ago, believe NOR could have been a decent share if the promises they made and the deals they hyped had landed. However, none of the hype ever turned into revenue and all I see now is a share barely holding on with new promises of deals and revenue. And oddest of all, where shareholders of GSW or BIG were mad at the CEOs and company for misleading and taking their money, shareholders of NOR are mad at me and other posters on HotCopper for talking about some facts?

    I actually recall you, specifically you @discovery4 stating earlier this year that enough was enough, you were fed up with NOR and their broken promises and their failed ventures. You wanted Paul gone. I remember it. It stuck out as "finally, some sensible talk!"
    But what happened? You get a cheeky wink from PO? Lol remember when a cheeky wink was enough to hype this whole forum. Look how far we've come! It's been 7 months since the last deal. Even though after the Spark deal these forums were alight with comments like "just the start" and "watch as more million dollar deals roll in over the next few weeks."

    I try to sympathise. I am holding 4DS at the moment and I bought higher than it currently is. I'm red. It hurts to see it. I can't imagine how hard the last 18 months have been. But stop responding to every not-held poster on here and email some people. Maybe start with NOR and Paul. Email the ASX. Email ASIC. Email Spark. Try and recoup some money man. Forget me, forget the bitter ex-holder Creaturemagic. Don't worry about him. Just focus on you.

    I won't even rule out the possiblity that NOR hits 2cents (or whatever your average is) and you can make a profit or at least break even. It could happen. But don't sit here arguing with me and hoping. Go out and find some success. In the last 18 months that you've been waiting, you could have learned to code and written a World Voicemail Competitor. That way you hedge your bets. If NOR succeeds, your shares go up. If they fail but WVM is a good product or whatever, then you can come in with your app. I'm in software dev. It's not some rocket science like people make it seem. It's fun and rewarding and if NORs apps are worth anything to you, you can build a competitor and hedge your bet either way.

    All I'm saying man is look out for yourself.

    I will never make $286,000 per year in salary. Maybe you will. Maybe you won't. I'd guess most HC users won't (outside of a major share win). Why do we work so hard to make our $110k or whatever a year, meeting deadlines, working overtime, buying stuff out of our own pocket etc. to deliver products/services for our clients. But some bloke makes $286,000 a year by overseeing the development of 4 apps that have, up until this point, been commercial flops (fact). For all I know he works really hard for that $286,000. But when I work hard, the client gets something in return. Seems when NOR works hard, shareholders just see red.

    Most of you were ready to go to war last December. Then 1 deal hits and it's peacetime? 1 measly deal bringing in $275k a year? They spend upward of $800k per quarter!

    Never forget who is responsible for the share price. It certainly isn't me, or 88 or david or anyone else here.
 
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