NOR 0.00% 4.7¢ norwood systems limited

Ann: Placement, page-23

  1. 4,403 Posts.
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    I think Norwood is starting to become fairly illiquid. There are probably only 400 or so holders with a marketable parcel. And you have to wonder, if they haven't sold by now what events would need to happen to cause them to sell.

    So today there have been 17m shares traded, or $70k worth. Enough to get everyone buzzing with excitement and hope. It's not enough to match the placement, but you wonder if it is the placement holder buying at .003 and selling them at .004. Presumably they will go to firmer hands? I dunno.

    I suspect we'll end the day where we began, a queue of sellers at 4 and buyers at 3 both waiting for the other to blink.
 
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4.7¢ 4.7¢ 4.7¢ $1.998K 42.5K

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No. Vol. Price($)
1 100000 4.4¢
 

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Price($) Vol. No.
4.8¢ 61185 1
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