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3.8¢ norwood systems limited

Ann: Appendix 4E and Annual Report to Shareholders, page-55

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gyro gearloose

5,791 Posts.

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02/09/21

14:27

Post #: 55783097
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Originally posted by DoubleDown! ↑

Why is this company even listed? Compliance costs, reporting costs, the value of trades - there is nothing here that requires it to be listed other than ego.

Norwood is about the size of hundreds and thousands, possibly a million other small business around the country. It's roughly the same size as your local dentist or doctors clinic, a small building company, a shop in a major shopping centre, a city restaurant etc.

If Norwood just accepted it was what it was and got rid of its absurd overheads and built the company instead of exceeding it's ability with huge structural costs it might get somewhere.

Looking at the AR report must make holders sick to the stomach. Huge losses, broken promises, failed contracts, debts impossible to pay off, share holdings diluted to creditors and employees to keep the lights on and only prospects of perhaps one day being invited to tender on voicemail services. Something we've been told is on EOL support for the last several years but seemingly none of the thousands of worldwide telcos needing Norwood.

But it's all good because there are shareholders on a T20.

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Would you like Norwood with your coffee OR a doughnut?

I'll have a doughnut, please!

NOR Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
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Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $18.09M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	50000	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	51405	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.032
1	32000	0.031
3	86234	0.030
1	150000	0.027
5	550000	0.026

Price($)	Vol.	No.
0.035	51405	1
0.037	101440	2
0.039	130199	1
0.040	200000	1
0.045	1534501	2

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