Interesting stuff there Swaggie. I had no idea you were a man of letters; at least judging from your posts here.
Good luck with all of that; maybe you can promote your book on HC once it is published. But then we would know the name behind the swag.
Anyway, good luck with it all!
Back on topic. Norwood MC predictions:
1. SOI: 970.8m
2. Assume 200m at 2c for current raise
3. Assume Paul earns/triggers his Class A Performance shares based on this Ann: 78.9m
4. I will disregard all the other unlisted securities for now such as Class B and all options: 218.4m
Latest 3B:
http://www.asx.com.au/asxpdf/20161214/pdf/43dqby15k95fqd.pdf
At 10c, MC = $125m.
At 15c, MC = $187.5m
I'm happy to hear any arguments why punters here think Norwood can get anywhere near 10c within the next 12 months.
In my experience, fast growing tech companies can have a Revenue multiple of 15-20. XRO are an example.
At 10c imo, the fabled $3m deal would need to be on the books rather than just announced or in one of Shane's, imo, creative pieces such as:
1. "Multinational Blue Chip Corporates Sign on as First Clients for CORONA Platform"
"Norwood Systems Limited (“the “Company” or “Norwood”, ASX code:NOR), is pleased to announce the signing of the first paying enterprise customers for its CORONA platform, with both Eni Australia Ltd (“Eni”) and The Griffin Coal Mining Company (“Griffin Coal”) signing on to provide CORONA services to their local Australian and visiting staff."
http://www.asx.com.au/asxpdf/20150618/pdf/42z821ckf8gykf.pdf
2. "World Phone Success Builds Dual Revenue Streams for Norwood"
"Early initial success of World Phone sets Norwood up for future dual revenue streams from both World Phone and CORONA services
http://www.asx.com.au/asxpdf/20150904/pdf/43137tp4k0wf01.pdf
I could never find any corresponding amounts in the Financial Statements relating to Corona services. And I don't recall any disclosures from the company saying these deals had fallen over. Happy to be corrected. Previously Shane has helpfully corrected posters and yet, I have made this point a number of time re: Corona Revenue.
For a revenue multiplier to come into effect re: MC, the deals would need to be billed. Assuming the $3m deal plus the sundry other revenue of $500k, at 10c the revenue multiplier would be 35*. If the SP did hit 10c, then imo, the stock would be significantly over-valued.
14 months before the Class B Performance Shares expire.
