NOR 0.00% 4.8¢ norwood systems limited

Ann: Successful Placement of $0.3M and $0.1M in Convertible Notes, page-40

  1. 7,313 Posts.
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    "Have to minimise the dilution"

    You were the one leading the charge to have NOROC issued. So now that they are about to expire worthless, you are now thankful for minimised dilution. And you talk about others have erratic posts.

    Here is you 8.5 months ago:
    https://hotcopper.com.au/posts/50516137/single

    1. Talking up NOROC and your role
    2. Telco deals
    3. Oralce/Metaswitch

    And what do we have in the above post? More of the same. Seems you have confirmed your biias for another year. That makes it 6 years now.

    "$300k plus PO notes is significant..
    I suspect there will be good reason for it."

    Yes! NOR will need to show they are not insolvent come the release of the next Q. Which is why I correctly predicted a CR this month. And what happened next? A CR this month. Apsec etc didn't want to kick the tin again so PO had to chip in $200k. So maybe, just maybe, no one else was willing to kick the tin unless PO did so again. Why hasn't he converted the notes to stock? No doubt he is praying like hell he can get his money back rather than be lumped with more illiquid stock.

    All imo.
 
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