NOR 2.86% 3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-55

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  1. 7,323 Posts.
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    Great day on the NOR threads.

    The SP got pumped on the news the CEO is acting as Lender of Last Resort to... himself (as the single biggest cost centre in NOR). But why? Has Avicena run out of government money? Are the Casey's unwilling to continually provide funds to pay PO and Tot?

    The market was excited... at least initially before dumping. One poster was calling each pip rise with glee. And the pips down calls? Strangely silent. All that happened today was some were off-loading or reducing tehir bagholding to a new set of bag holders.

    Just like that time in February last year. Who bought up in the run to 0.07? We know someone 'trippled' [sic] their holdings at 0.04. That parcel is now sitting at 55% loss. What happens when people average down and continue to see losses? They rant on HC about manipulation or buy a faulty moral compass.

    Then we have another claiming a stop loss was hit during Covid. The dump after the pump was well in play before the market reacted to Covid. What has happened since Covid? NOR has fallen 55% from it's post-Covid high of 0.037. And yet oddly, no stop losses have been hit. Strange days. But only on the NOR threads of make believe and fantasy.

    As for NOR signing deals? These are not imminent as always. It would not be a good look for the CEO to kick the tin for $200k and then have deals announced. But folks should already know this.

    All imo.
 
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