Ann: Company Update, page-65

I've resisted for a very long time referring to others' losses in Norwood.

The fact is that one of the top 6 shareholders, along with family interests, is down over half a million on this stock. Average entry price estimate: 32c. Yes, 32, not 3.2.

Another shareholder was recently ecstatic when he trebled his holding at around 4, with an entry price for the original third above 30.

No names, no pack drill.

There are only two winners currently: Paul Ostergaard through income of maybe $2 million over the years and Steve Tot, perhaps less, but not far away.