NOR 0.00% 4.7¢ norwood systems limited

The fascination with T20 lists is both amusing and instructive....

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    The fascination with T20 lists is both amusing and instructive.

    Some folks turn to substance abuse to fill the void. The NOR void is news. Only 2 Price Sensitive announcements* in 2+ years. And what were those news worthy announcements?
    1. An agreement for possible future agreements
    2. A contract for $180k with Infosys.

    Go back a further 2 years and there is:
    1. Release of VM 4.0
    2. Purchase Order from Spark for FY22
    3. Contract for $170k
    4. NOR Partners with Amelia to reinvent VM (lol my comment)
    5. NOR "wins" $100k contract with company founded by... PO (lol my comment)
    6. Spark live with VM

    That's it. For FOUR YEARS! And NOR has ~$22m MC and running on empty for cash.

    So of course LT (bag) holders will seek to fill in the void with abuse of T20 lists because... someone must know more than us.

    We had the Casey conspiracies that it was a front for an Insto because the son worked for the Insto. Look at the news flow at the time Casey sold down. Maybe the smart money did know something. Hint: VM business model failed; NOR stopped paying partner subs to Oracle; NOR's partner Metaswitch installed a VM solution not provided by NOR. Although @Doz was adamant it was NOR but they couldn't be named due to NDA's... lol

    Now we have Apsec increasing their holdings after buying at $1.38. Apsec continue to compound losses in NOR and their fund is down 10% compared to their benchmark. Not content with having NOR as a Top 5 holding, they added KAR to this list too. KAR is trading near 52W lows. The smart money. lol

    All imo

    Prediction: a reply containing: a copper stock; 1.7c; Khaki. All irrelevant and unsubstantiated fantasies. But perhaps another coping mechanism in the absence of overdue news. How many years is it?

    *Those containing actual news and not related to statutory reports or CR's.
 
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