Robbing Paul to pay Paul?
In the update released beforehand, imo, management have finally come clean re: actual revenues from deals are much lower than guidance. Not just on 1-2 deals but, seemingly, across every deal.
How can anyone trust anything released as an ASX announcement by this company?
Previously, NOR and the 2-3 HC bulls seemed to be pumping Vietnam telco then Affinion then the Credit Card 'mob'. Now it's all about Oracle and, imo, a miraculous upfront payment. Seriously, even if NOR announces a big deal with/without upfront payment, I wont believe it until I see the financials.
I wonder what drove NOR to fess up re: previous deals?
Ann: Quarterly Activities and Cashflow Report, page-8
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