It's an interesting question that I think has been answered in part last week. The Norwood announcement about Spark did very little, it bumped the SP up briefly then it faded back to a pip above where it started. But then the revenue correction came and that moved the price ~+15% and it's stayed there.
So I think revenue based announcements are needed to really move the price. That being said Oracle or Metaswitch would be a good get and Norwood isn't worth very much. 8c would only be $17m or something in market cap. I could see that partnership move the price up to 8c+.
Whether that encourages oppies conversion or not I don't know. Norwood is illiquid and any opportunity to offload converted shares would be minimal. Norwood just doesn't have the runs on the board to show it could monetise an opportunity and so I think people would be very sceptical to convert with the risk they'd have to keep their converted shares for any period.
What do you think?
NOR Price at posting:
3.5¢ Sentiment: Sell Disclosure: Not Held
