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0.00% 4.7¢ norwood systems limited

Ann: Underwritten Rights Issue Capital Raising, page-177

  1. gyro gearloose
    5,791 Posts.
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    12/04/17
    08:46
    Post #: 24017058
    This punt cost me 251 dollars.The reason I sold was twofold.The sp fell below my 15% stop loss target.

    Secondly,one thing I have learnt about investing in speculative companies it is all about MANAGEMENT.

    After speaking with PO ,watching the presentation there was no indication whatsoever of a CR.

    Then within days of the techknow,a CR at 1.6c.

    I have sent emails asking about this scenario.

    NO reply

    They were happy to spruik a deal but secretive about wanting more money.

    For me MANAGEMENT of this company doesn't shape up.

    This listed in June 2015 at 2c and look at it 2 years later 1.7c

    I have given them a fair chance and they have fallen short every time.

    I am a spectator from now on.

    IMO
    NOR Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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