NOR 0.00% 4.4¢ norwood systems limited

Ann: Becoming a substantial holder, page-166

  1. 535 Posts.
    lightbulb Created with Sketch. 308
    Don't know why you bother with him Disco. What little credibility he had, has long since disappeared.
    For the record:

    "AU$200,000 placement to APSEC Funds Management provides further validation of Norwood’stechnology and the current strategy for the Company, and subsequent AU$300,000 convertible notecompleted 5 March 2019 together with launch of partially underwritten entitlement issue forAU$1,133,391"

    +
    "The next key progress payments are duein the current quarter and the following quarter." (March Quarterly)
    = ??

    In addition to above, a mistake investors can make here, is believe the SP has to surpass .008c in order for options to be exercised. True for those with small amounts of options, but for those who have recently bought 70m+ of said options, it can happen at any moment. Why? Because with a proven record of serious accumulation over an extended period of time, it's far cheaper to convert 70m at .008 than try and buy them on market. Especially when there is not enough volume in the sell queue. (only 41m available up to .008 price and 52m total)!

    As I have previously stated "THESE OPTIONS WILL BE EXERCISED"




 
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