NOR 4.08% 5.1¢ norwood systems limited

Ann: Half Yearly Report and Accounts, page-19

  1. 5,791 Posts.
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    I posted sometime ago about the cost blowout caused by maintaining all the apps.

    With no income to support the infrastructure ,no wonder that creates a black hole in the balance sheet.

    The only positive I can see is that at least they have found that WVM has bought in some revenue.

    Don't be surprised if the company abandons all its apps except for WVM,if that is possible.

    Also

    I don't believe we have heard the last of the Spark announcement.Spark seem to be taking a hell of a long time to integrate the WVM into their business operations.

    IMO
 
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