Even with the jump yesterday, the SP was only trading in the same range it was, two trading days ago Fri ish.
I.E a 50% drop needs a 100% rise to get back to the same point.
With the mention of several headline companies being announced as Corona customers in the video the day before yesterday a bonus share trigger looks to be on the cards, so I will dip my toes again once the pending Corona announcement has come out, as looking at the fine print it only needs to sell : 2 x contracts worth $200,000 P.A each to trigger approx 18% more bonus shares to be issued.
Quite a big reward and watering down for such a drop in the ocean.
I hope they get Corona Ann out of the way first, in order to get rid of the cloud over other positive events and so Corona can become a positive rather than double edged event in future.
That is unless they announce enough of a decent revenue increase from all of those headline companies using Corona to off set things, this would be a lot better for P.R.
For the SP to get to .15c it would be like the SP having reached 25c previously with nearly double the shares on issue.
Regards Mark H
NOR Price at posting:
5.3¢ Sentiment: Hold Disclosure: Not Held
