NOR 0.00% 3.5¢ norwood systems limited

Ann: $200,000 Convertible Note, page-117

  1. 3,226 Posts.
    lightbulb Created with Sketch. 1413
    So that's all just another "know it all" post of pointless dribble from the guru?
    in summary.. PO could be a creditor, if approved, which would somehow put him ahead of holders if wound up... but, if approved, he's a holder, so it makes no difference, and is just a load of absolute tripe to manipulate a wind up!
    ... because PO would clearly want to lob in another $200k, to be wound up, and potentially get a minuscule amount back.

    Thanks. We are all so grateful you're here with dialy (extremely biased and negatively manipulated) "expert" info.

    Of course, if it goes the other way - as many expect, with deals hopefully closing in - then it must be a negative that he put in $200k at 26% higher than market price too?
    Still waiting for BS to confirm the %
    Last edited by Holla: 19/05/21
 
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