NOR

4.44%

4.7¢ norwood systems limited

Ann: $200,000 Convertible Note, page-123

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d_l_b

2,674 Posts.

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19/05/21

17:38

Post #: 53283887
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Originally posted by AdVictoriam: ↑

Well I'm glad my humorous David Boon analogy provided a laugh. If only a few investors applied the same forensic analysis to NOR they might have saved some dough.

My reference to NOR's history was to the SP performance and the financial metrics. NOR has failed to capitalise on prior opportunities, which is ominous for any current and future prospects.

To you question: If your company was in its death throes would you put in $200k on the small hope of saving it?The factors are too broad for an answer to mean anything. Depends how rich I was. Depends on the probability of recovery. Depends on psychological factors.

Contex is key. Normally insiders with skin in the game is deemed positive. However in NOR's dire situation, PO has coughed up because there's no more cards to play. Hardly positive. I agree with Wanty, and that 200K is potentially not much for PO especially considering tax implications. Incidentally PO's investment may actually alter his behavior, and produce desirable results.

People engage in self-sabotaging activities all the time. Plenty of people would burn 200K without blinking to satisfy some emotional and psychological need. I believe PO could actually fall into this category after all (ref Ego); I perceive he's too ideological and too emotionally attached to NOR's current direction, especially his voice mail app. It's probably a great app, but it doesn't make any money.

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Your Peter Schiff joke in the Gold thread also provided a laugh A great post btw...

Don't have enough time today... so I'll respond to this post tomorrow... it'll probably include something about sitting on the fence...

NOR Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.7¢		Change 0.002(4.44%)		Mkt cap ! $22.33M

Open	High	Low	Value	Volume
4.4¢	4.7¢	4.4¢	$7.784K	170.1K

Buyers (Bids)

No.	Vol.	Price($)
1	129898	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	142144	2

View Market Depth

No.	Vol.	Price($)
1	129898	0.044
1	85168	0.043
1	300000	0.040
4	350000	0.039
1	255000	0.038

Price($)	Vol.	No.
0.047	142144	2
0.048	20074	1
0.059	95632	2
0.060	194947	3
0.067	50000	1

Last trade - 11.01am 19/07/2024 (20 minute delay)

NOR (ASX) Chart

Ann: $200,000 Convertible Note, page-123

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NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

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Ann: $200,000 Convertible Note, page-123

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Warren Tredrea’s weekly sports business wrap: the latest on business in sport

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