Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-10

I agree d_l_b. There is a significant shift in the narrative they have been pushing for the last two years.

• No reference to pilots
• No reference to Amelia even though in the last 4C they stated they expected to launch "private telco operator beta trials" in the April-June quarter.
• No reference to establishing "formal partnership agreements with a number of potential large-scale distribution partners"
• Product manufacturing and operating costs have plummeted, from 80K to 20K. Not a good sign IMO

There has been zero positive news out of NOR this year and now they have even stopped providing hope to their shareholders.

Interesting too that PO has revealed that the "latest Avicena contract, secured during quarter [sic] " is on "improved commercial terms". Raises the question of what were the terms of the first one? Obviously worse commercial terms than the second according to PO.