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16.1%

3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-364

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4,604 Posts.

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31/05/21

15:56

Post #: 53540427
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Originally posted by AdVictoriam: ↑

"Paul is taking $200k of shares at 2.4" That's some manipulative spin per se. Paul Ostergaard-Jobs didn't just buy shares at 2.4. If he did it would've been via conventional means - at-market or CR, both of which are typically confidence boosts for investors. More accurately POJ was 'constrained' to the convertible note with a conversion price of 2.4.

It was of no use to him buying at-market, because nor needed cash. A CR was presumably out of the question (no takers). A conventional Note was also of the question because Nor can't make the interest payments. The only option left was a convertible note from the man himself.

Analogous to the titanic going down and a couple more life rafts delivered last minute. i.e the situation has gone from catastrophic to very marginally less catastrophic.

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“ A CR was presumably out of the question (no takers) “

AdVictoriam , can you please provide the source to your above statement . Thanks

If you can’t provide a source , can you post an apology and explanation why you have not made it clear that this view and other views contained within your post is , only in your opinion .

NOR Price at posting: 1.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.6¢		Change 0.005(16.1%)		Mkt cap ! $17.15M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.6¢	$617	17.14K

Buyers (Bids)

No.	Vol.	Price($)
1	1327	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	2663	1

View Market Depth

No.	Vol.	Price($)
1	1327	0.037
1	182857	0.036
1	100000	0.031
1	13400	0.030
1	96000	0.028

Price($)	Vol.	No.
0.038	2663	1
0.039	32258	1
0.042	23833	1
0.044	34501	1
0.046	21760	1

Last trade - 13.49pm 31/10/2024 (20 minute delay)

NOR (ASX) Chart