NOR norwood systems limited

Ann: Change of Director's Interest Notice x 3, page-22

  1. 3,568 Posts.
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    The concept of free speech is vey much front and centre, at present, Tooheys8: Antoinette Lattouf and Sam Kerr are current examples.

    While many of the Hot Copper posts are obnoxious (including mine occasionally), unless they are libellous they should not be taken to the umpire. The mindless exchanges between two posters in particular is a distraction from the real issues confronting Norwood, but the rush to the moderator is completely unnecessary. We are not Russia. As you've pointed out, Hot Copper members can resort to the Ignore button.

    The more important matter in the immediate future is the state of the loan to Norwood from the Chairperson following the coup overthrowing the founder. In theory it could be repaid, but how ? If it's rolled over, Norwood will be accruing further debt at around $10000 monthly.

    The deal for the good doctor is that with 25% of the stock he is on paper paying interest to himself, but there are no bikkies in the tin. Let's hope that his holding is not on borrowed money. Lenders sometimes get nervous and require extra collateral.
 
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