The 1.1 million is the minimum contracted deal , the latest quarterly activity statement states an increased revenue target of 2 million , many , many factors can change this , but it is their lastest forcast .
Norwood has a ten year history of failing to make any profit . Norwood has stated that they stumbled upon being in the right position at the right time for updating voicemail systems for telcos .
My first sentence is not untrue and my figure is not dishonest.
IMO , Investors with no appetite for risk should steer well clear and concentrate their time and research on other opportunities.
Ann: Becoming a substantial holder, page-216
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