Australia's largest stock trading and investment forum Australia's #1 stock forum

NOR

Click for more information

0.00%

3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-115

First 115 Last

Share
Profile

Follow
Wanty017

988 Posts.

124

19/05/21

12:24

Post #: 53274506
Share

Originally posted by DoubleDown! ↑

I don't mind this argument. If foreclosure on the company was imminent why would you put $200k in?

To that I'd say, there are several holders here who have been averaging down through what appears to be Norwoods terminal decline. Gamblers put another $50 in the machine because they think they're due.

The obvious come back to that is that Paul has a much greater insight into what the company is doing and where it's at. To which I'd say that actually maybe his judgement is clouded and maybe he needs to step back to see how the company really is.

Interesting also that he chose a convertible note, which is a debt instrument and not stock to structure the raise. He is a creditor to Norwood and creditors stand before shareholders to receive funds from a wind up. That being said they automatically convert to stock on shareholder approval which would almost certainly happen at a meeting of the company should a wind up occur.

Expand

PO's wage plus super is one of the biggest expenses the company has. I dont think it is anymore than money leaving one pocket and going into another one. And there is always a chance that for the next CR there will be someone interested and then you are suddenly one year ahead.

NOR Price at posting: 1.9¢ Sentiment: None Disclosure: Not Held
5 Upvote

2 Great analysis

Reply

Top Stories

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Banking on ANZ in this week's Hot Stock tips

INA

Ingenia shares jump 7% on strong revenue and earnings figures

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

There are more pages in this discussion • 297 more messages in this thread...

First 115 Last

Add NOR (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $17.10M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.6¢	$2.319K	60.02K

Buyers (Bids)

No.	Vol.	Price($)
2	347582	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	30000	1

View Market Depth

No.	Vol.	Price($)
2	347582	0.036
1	100000	0.035
1	76000	0.034
1	10000	0.033
3	602074	0.032

Price($)	Vol.	No.
0.038	30000	1
0.039	209000	1
0.040	100000	1
0.041	123849	1
0.043	1630000	2

Last trade - 15.40pm 20/08/2024 (20 minute delay)

NOR (ASX) Chart

SPONSORED BY