NOR 0.00% 4.4¢ norwood systems limited

Ann: Successful Placement of $0.3M and $0.1M in Convertible Notes, page-90

  1. 7,323 Posts.
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    And in 1 post, you have shown your inability to research and your bias confirmation.

    "Would appreciate it if you or anyone was able to state the MC high when Nor hit - for memory - 16.5c ($1.65)."

    I stated in a post the other day, the ATH was 0.165 (now $1.65 post consol) was intra-day on 18/11/15. So why couldn't you take this date and look up the nearest 3B before this date?

    Don't worry; I have done it for you. 774,859,598 shares. See 3B 30/10/15

    "No idea how any shares on issue at the time.. but it was soon after a large raise, so the MC would have been in the hundreds for sure"

    Wrong on all counts. The MC was $127m... but again, it was intra-day and never closed on this figure. And the big raise, the right issue prospectus, available to all retail investors was released on 24/11/15... 1 week after the pump to the ATH.

    Basically, your memory is faulty and it only serves to confirm your bias.

    The lead-up to the ATH and subsequent rights issue was a massive pump. Look at how many price sensitive announcements were released by the company leading up to the the ATH.

    Screenshot 2021-10-15 114717.jpg

    4 price sensitive non- statutory news releases in under 1 month! Oh and look, the 3B was for release of escrowed shares aka the dump part of the Pump and Dump.

    Now compare NOR of then to NOR today.

    NOR has had 4 price-sensitive non-statutory and non-CR news releases in 1 year! And those included contracts "won" from PO's side gig and an accounting procedure with Spark (Purchase Order) lol.

    You, Doz and Disco keep banging on about big telco deals and partnerships; hell, we even had Doz mention 6 telco deals in 1 Q (since dismissed as a hyperbolic hypothetical, as with all his wrong calls). But none of you can clearly articulate NOR's business plan or business model. And yet, you are expecting ATH MC. How? What does a big telco deal mean for NOR? Is it time and materials? Is it revenue share for a poorly downloaded App? What does a partnership actually mean for NOR? Will the partner release the App to all their telco clients at the snap of a finger and NOR just sits back and clips the ticket? Who knows? Because NOR has not articulated this to anyone. We have no idea of the performance of the App with Spark; NOR has not released any data such as downloads, MAU's etc. Why not? Instead NOR created a fantasy and laughable case study to publish on Google.

    This company is a joke!

    All imo... except all the factual bits.
 
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