NOR 0.00% 3.2¢ norwood systems limited

Ann: Norwood Investor Webinair Q&A - Tuesday 11 December 2018, page-62

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  1. 7,323 Posts.
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    I listened to the recorded Q&A. Thanks for the link @shanem

    As I mentioned previously, this Q&A was for the benefit of Pinnacle more than anyone, imo.

    How so?

    It is about PO dropping hints about Spark being the spark (see what I did there?)  but prevented from doing so due to an NDA.

    Seen it before. Long time holders/observers may recall PO's performance at an Ariadne Capital event in the UK. I say performance as it more resembled a pantomime than a corporate presentation. We had PO perform a comedy skit, complete with site gags, but most importantly, dropping names of tech giants which were supposedly under NDA. Fortunately for PO, the video has been deleted.

    So what is different this time? Well PO said "we are feeling very, very, very, very optimistic...". He usually stops at 3. But in order to open my wallet, I would want 5. Let's see if the market responds to 4.

    Other gems:
    "we are basically live in terms of the process of delivering something". What? My interpretation: PO wants to say they are live with Spark but then pulls back. Imo, they are not "live" in terms of a delivered/operating solution after a week together culminating in the negotiated outcome. The additional hint is NOR were with Spark for a week. I am sure NOR/Pinnacle would have like to have released the ann before the offer closed.

    As I said originally with the Spark announcement, it is good. But proof in the pudding via actual revenues and timing. Otherwise, just more of the same.

    Generally, this feels like PO desperately attempting a pump.

    All imo/sarcasm
 
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