I mean, it's a micro-cap speculative stock, so there's nothing definitive to base it on, if there was, it wouldn't be a speculative stock.
However, 700% isn't that out of the ordinary for micro-caps. That's the kind of return I'm here for.
QBL's most recent quarterly shows they have burnt through 1.1mil in the quarter with $0 revenue and are currently valued at 80mil. They are currently up 400% over a 1 year period and at their peak last year were up just over 800% for the 1 year period.
AC8 spent 1.3mil last quarter and expect to spend 1.8mil this quarter and still have $0 revenue from customers (they made 50k from interest) and are valued at 201 million. Over the last 365 day period between it's lowest and highest price there was an 825% increase.
GSW had 160k of revenue and 1.8mil of spending this quarter and while currently on suspension, was valued at 500 mil prior to suspension. Up 800% over the year.
BUB had 2mil revenue this quarter and is valued at almost 300mil market cap (getting more reasonable but still) up 263% over a year period.
DCC worth 99mil on a reported 1.4mil revenue. At its peak over the last 365 days it was up 900%.
BIG with a market cap of 519 million on reported 22mil revenue. Over 365 days the biggest gain possible was 1068%.
Now obviously this does not mean that NOR will go up at all. Certainly there are micro-caps like us that are worth nothing. However, if we can get deals that add up to over 1 mil per quarter, then 12 cents is a market cap of approx. 144million.
Given some companies above are making nothing and are close to that valuation, and other companies making double that (BUB) are worth double that market cap, then I'd say anything more than 1 mil/qrt revenue and we are going 12+ cents.
If we get 500k/qrt revenue we will probably hit a figure closer to 7-8cents. But we are already anticipating 106k revenue without big deals, so add Westpac @ 2mil a year = 500k/qrt and a few smaller deals from Oracle partners and we can easily we looking at 1 mil/qrt.
Let's just remember Oracle is the second largest software company in the world, behind Microsoft, bringing in 37 Billion in revenue. And they partnered with us and if you listen to the Q&A, PO talks about the discussions he is having with Oracle and how the Oracle team is enthusiastic about Corona and CRM platforms.
Plus our Global Relay partnership:
"Global Relay is a significant player in the cloud-based messaging and archiving industries. Recent articles cite its client base at over 18,000 including 22 of the world’s 25 biggest banks and 61% of all US hedge funds."
Which puts us in contact with heaps of potential clients, specifically banks in need of compliance software.
We are also partnered with Veritas which was purchased by a private company for 8 Billion cash in 2014. So they're also pretty large and valuable.
Plus the Loyalty programs with Visa, RAC and Affinion.
The most recent quarterly states:
"... consumer uptake of the World Phone-based roaming travel packs through Loyalty Partners, such as RAC Travel and Visa, has disappointingly been lower than expected. ... instead focusing Norwood’s Loyalty Partners on the Company’s newest consumer applicable Apps, World Wi-Fi and World Secure. The initial response by Norwood’s existing and prospective Loyalty Partners to the World Wi-Fi and World Secure loyalty benefit propositions has been very encouraging and the Company looks forward to reporting on substantial commercial progress with its Loyalty channel partners over the coming quarter."
With all that in mind, the imminent bank deal that has been talked about, the London financial institution that was interested, plus customers more interested in the AI (PO mentioned a Uni in the Q&A and mentioned it had around 50k students, so this was obviously in proper discussions with a Uni as opposed to just 'we could supply unis') 1.7c is a BARGAIN and whilst I'm very happy with my holding, I almost wish I had more money to pick some up at these prices.
This is a STRONG BUY with the next few months easily seeing upward of 400% gains.
All IMO DYOR
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