NOR 0.00% 4.0¢ norwood systems limited

Ann: Corporate Update and Quarterly Reporting, page-81

  1. 3,191 Posts.
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    So much crap posting about a CR from clear downrampers who don't hold NOR (no doubt hoping to get in as cheap as possible).
    You obviously have no idea about how to get a business launched, let alone a worldwide telco.
    They did a CR to raise the funds to get WP established and promoted, which has been very successful.
    They don't need to spend at the same rate, as the initial spend is complete.
    Corona II is ready to go.
    Revenue is INCREASING significantly.
    Cost per download is constantly DECREASING.
    There's still 6.5m left, which is a great position to be in - I thought they would have spent more of the CR to get where they are now.
    You morons saying "they're spending 3.3m a quarter, they've only got 2 quarters left at that rate" clearly haven't got a clue.
    They won't need a CR within 12 months, if at all.
    If revenue continues to increase as it is, and cost reduce as they will.. there won't be CR talk later in the year, there will be TAKEOVER talk.
    It's way oversold now, anticipation of a bad quarterly, which it isn't. Watch the big investors load up over the next fortnight. Steve Tot and Corona..
 
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