Cash burn rate, page-12

I think some people forget something.


Most companies on the ASX take a different route. They are well established private companies with several years of trading under their belt that wish to step up to the next level and do so via a IPO. this was a reverse tack over from an empty failed mining company.

Apart from some previous patents and groundwork NOR is pretty much starting its commercial life only 6 months ago so its not fair to be valuing it on a P/E earning ratio of other tech companies, many of whom have been operational for years. There is going to months of hard work to establish good income streams.

I agree with Fender, Failing an unexpected viral success of Corona or multiple ATT contracts with telecos a CR raising later in the year is most likely and not cause for concern.

NOR has done all of these amazing things in just 6 months, lets keep that in mind before we get too harsh on judging revenue performance.