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3.6¢ norwood systems limited

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

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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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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)

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