Looking at what we know , APSEC and Hiscock both invested in the latest raise . It would be fair to assume that larger fund managers are exposed to more company information via private meetings than what you and I are when it comes to extracting money .
Hiscock invested $300,000 as a note and converted it into 100,000,000 shares . Why convert ? They also seemed to have accepted their free option at maturity date 21/6/19 . Note , nowhere does it state that they paid any money for their NOROA option . Why did they have access to the options early ? A take over would be one reason , but we won’t go there .
In house cross trades may be Hiscock distributing the 100 million shares to their investors , these trades have transacted upto 0.0045 per share .
The activity in NOROA shares just before 21/6/19 may have been again in house trades from Hiscock to their investors , shown as 0.001 .
Hiscock are now in a position to profit handsomely while still offering their client a better deal than on market , ie 4 shares @ 0.0045 and 3 options @0.001 average price 0.003 .
Hiscock would profit , 100 million x 0.0015 = $150,000
keep 25 million shares from options , cost nil , sell ??? Say 0.008 $200,000
Hiscock will not want to burn their investors on a company like NOR .
Now at no stage accept any of the above to be true , accurate , partly true or false or partly false , it’is designed to make us all think , what’s really going on .
We need to think and work this out before the next announcement, otherwise we may be lined up behind creature and 88 trying to top up at 0.009
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