NOR 0.00% 4.5¢ norwood systems limited

Cash burn rate, page-107

  1. 110 Posts.
    lightbulb Created with Sketch. 228
    Yep.

    There is one major thing that is causing the share price to drift lower and that is market sentiment.

    When NOR listed we were in what some would describe as a mini tech bubble.
    Due to increased global economic uncertainty over the last 4 or 5 months, stocks like NOR were having to justify their inflated market caps more and more. If they didn't have strong revenue figures to justify this then they needed to have exceptional prospects backed up by announcements that showed tangible progression.
    NOR had a good run to over 16c and is now down from those highs almost 400% but in the absence of these two sentiment changing ingredients the price has and will more than likely continue its downward movement or remain at similar levels.

    I suspect a lot of holders are in the red here, remembering that the CR was at 8c and it was subscribed to the tune of almost 10m when the amount the company was seeking was 1.5m and the share price was in the teens. Sounded like a good deal at the time. People would genuinely be considering their positions at the moment.

    All this adds to holder frustration and insecurity which can be seen on this forum in the way you describe, Fender and sentiment is translating the way you would expect it to.

    All this can and no doubt will change with positive news flow, backed by improving figures delivered in a non opaque way.

    Hopefully this comes soon before posters start eating each other.
 
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