NOR norwood systems limited

I cannot see how a post which laughs at an announcement about an...

  1. 7,323 Posts.
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    I cannot see how a post which laughs at an announcement about an impending CR is off-topic. lol

    But let's add more meat to the bone on why this is hilarious.

    On Sunday we have PO getting holders excited about a "Foundational Partnership" on LinkedIn

    On Monday we have the "big" announcement. I said it was nothing more than a framework for possible future contracts. The bulls were out rubbishing my claims. We had come bulls talking about 770m Singtel subscribers

    On Tuesday we have the, imo, sheepish clarification which not only confirmed my view on Monday's announcement but highlighted the Optus "deal" was akin to a freebie.

    Further in the week we have PO once again talking iut up on LinkedIn after he and Tot meet with Optus. The big eye opener for me in that LinkedIn post was PO naming the Optus execs and telling everyone that NOR was pitching future tech... at a meeting to kick off a POC for an old app, VM. If I was at that meeting, I'd think it was very odd to be pitched.

    So now can we hear from the bulls. Was last week all about trying to pump some interest for a CR? Let's face it, CR's are planned in advance. NOR BoD didn't wake up today and collectively decide: maybe we should have a CR. This has been in the works.

    NOR has form. In the Q&A in mid-2020, PO told listeners:
    1. There wouldn't be any dilution
    2. The SP would be many multiples of the current price
    3. VM had $100ARR

    What happened next? A CR.

    Classic NOR doing what NOR does best... CR's aka sourcing funds from sources other than selling their products

    All imo... except the facts
 
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