NOR 0.00% 3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-143

  1. Doz
    4,570 Posts.
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    Interesting Disco , looking back at the cancelled resolution 6 from the last AGM , which included the CEO performance rights . 8 million shares were to be awarded for the execution of a global telecommunication contract .
    The latest convertible note just so happens to be for 8.3 million shares , coincidence ? . I wonder if a global telco contract is nearing and by global , do you think that is domestic within Australia , or do you think it is international via the Microsoft / Metaswitch partnership ? . What do you think ?

    Also interesting looking back at resolution 6 , for some reason the company was expecting large inward cash flows filling the bank account , I wonder what gave them this impression ? Must have been expectations of partnerships and new telco deals I would think .



    https://hotcopper.com.au/data/attachments/3197/3197522-a344ed8651a6e2cd5db5ea16da8be9ef.jpg

    All in my unbelievably knowledgeable opinion ....

 
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