NOR 0.00% 5.1¢ norwood systems limited

Ann: Closure of Rights Issue and Shortfall Notice, page-19

  1. 4,401 Posts.
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    Yeah I don't know if thats what happens. Certainly if the market price is higher than the issue price selling often occurs. But I think people probably think if news drops why be first in the 0.4c queue when maybe you could get 0.5c selling into the market. If there were buyers at 0.4c I reckon it would be different.

    The price seems firmly entrenched at 0.3c, some traded at 0.35c not long ago and after the big tranches sold at 0.3c.

    No love for the NOROA. Don't think any have sold despite them being available at 0.1c. I guess the market isn't pricing in a chance of getting to 1c any time before October 2020. If you thought the SP could get to more than 1c by then you'd be buying options and not stock. News dropping would send the options rising by many more multiples than the SP IMO. Don't understand the lack of interest in them. Surely they are a gamblers dream?
 
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