NOR 0.00% 4.9¢ norwood systems limited

Ann: Placement, page-12

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    lightbulb Created with Sketch. 1874
    I'll just say what everyone is thinking, why raise $200k now if there is a cash up front deal about to be inked?

    $200k is about a month of running costs. Is it just enough to get through to Feb when a better raise can be formulated or is it all they could manage? Or is it bridging until deal money?

    I think it's probably Pinnacle again, but no mention of options confuses me. Why would they not seek the last cash injection terms they had which included options.
 
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