NOR 2.86% 3.6¢ norwood systems limited

Ann: $200,000 Convertible Note, page-56

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  1. 4,457 Posts.
    lightbulb Created with Sketch. 1902
    Down a pip on the day. I guess the MD chipping in his own funds eventually twigged the realisation nothing newsworthy was on the horizon.

    Very much doubt any trader would go near this stock, they rely on liquidity - being able to get in AND out. This stock does not allow for that.

    I'd be guessing some smart money jumped on the one piece of 'good' news in a couple of years and cleared out a few million at a premium to the falling price.

    Back down to sub 2c and illiquid again for the foreseeable future I'd say.

    Hopefully some holders listened to my comments this morning about the lack of incoming news as indicated by PO being the funder and sold on my prediction that the bump in price wouldn't last long. Looks like I nailed pretty much every comment this morning.
 
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