Yes, Botts, the omission of any mention of Spark speaks volumes. As (unfortunately) a Spark shareholder, I have been following their cost-cutting measures closely. I fear that revenue to Norwood has a very limited life-span.
If that's the case, we have a situation where there appears to be shortly there will be almost no revenue stream at all. Admittedly there are no paid employees (we know that Mr Ostergaard is owed back-pay), so Norwood's day-to-day expenses are minimal, apart from their travel and entertainment. Of course, each day the interest bill on $505K of convertible notes, the Tarrant $800K loan and the Radium Capital loan makes an already parlous balance sheet even more calamitous.
One wonders why they pay ASX listing fees.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.802M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 229367 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 88848 | 2 |
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| Last trade - 16.12pm 20/06/2025 (20 minute delay) ? |
| NOR (ASX) Chart |
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