NOR 16.1% 3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-53

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  1. 2,410 Posts.
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    "Great to see CEO committing his own funds to the company.Deals are imminent as Growler would say."


    Lol, that the CEO has had to buy a convertible note is exactly the fact that confirms deals aren't imminent. In my opinion he has lost the support of his substantial holders, he has lost the support of the few institutions that have been hanging on in hope and he has lost the support of the market (some long time ago).

    PO has painted himself into corner. He has made bold statements in the last few 4C's as to why the directors consider the Company is still solvent and now he is finally paying for them.
 
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