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4.9¢ norwood systems limited

i somewhat disagree, this has risen in the past based on big...

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88eallin

1,645 Posts.

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14/05/18

22:23

Post #: 33089962
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Originally posted by RAllen50 ↑

Even a big deal will not move the needle significantly. Even in the last 12 months the overhang from shares issued will be a handbrake.

April 2018: 80m shares
March 2018: 82m shares
Dec 2017: 9.8m options
Nov 2017: 65m shares and 35m options
April 2017: 80m shares

So, 307m shares issued in that period. 1.32B shares on issue.

Nearly everyone is out of the money. So if SP reaches 1.5c, 1.8c, 2c or more there will be huge selling pressure.

Even 3c is a $40m MC. Can't see that happening even with $2m in sales announced.

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i somewhat disagree, this has risen in the past based on big brand association...visa, oracle etc.

i think if a 7 figure deal was eventually produced with a big brand i think we would be in excess of 2c comfortably.

NOR Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.9¢		Change 0.000(0.00%)		Mkt cap ! $23.20M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	135991	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	284334	3

View Market Depth

No.	Vol.	Price($)
2	135991	0.047
3	270073	0.046
2	180081	0.045
2	575000	0.044
1	100000	0.041

Price($)	Vol.	No.
0.050	284334	3
0.051	205455	2
0.055	760000	4
0.056	136182	1
0.057	400000	1

Last trade - 16.12pm 06/06/2024 (20 minute delay)

NOR (ASX) Chart

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