NOR 16.1% 3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-116

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  1. 2,674 Posts.
    lightbulb Created with Sketch. 354
    "money leaving one pocket and going into another one"

    ...so he's stumping up 200k from one pocket to pay himself (his other pocket) a small fraction of that 200k... doesn't make sense imo...

    "that for the next CR there will be someone interested and then you are suddenly one year ahead"

    so he's keeping the lights on for 2 more months with 200k from his savings on the off chance he can secure a CR in the near future.... doesn't make sense imo...
 
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