You stole my thunder
If history is any judge then the quarterly will come out on the 2/11 before open. However there was an anomaly with the last report coming out a day early. I guess the combination of not actually selling anything and not actually producing anything leaves the CEO with a bit of spare time to get the report out a day early.
Other than seeing if anyone else had bothered to look at a calender I was moving towards some follow up questions about how long option exercises take. If Norwood produced their 'cash neutral' quarterly on Friday morning (a day early) and the market loved it and the stock soared to 8c, could the registry handle the afternoon tsunami of requests for option exercises forms so everyone could get their forms in along with the cheques or transfers? I imagine in this day and age it could, forms are easy to download and payments immediate.
But realistically the quarterly won't be a catalyst unless it's a boomer and released several days early to entice the SP over and above 8c before people are likely to convert. Given the that the quarterly is about to end and nothing has happened (no price sensitive announcements at all), and given that accounting software is linked with bank statements and a company the size of Norwood with minimal transactions could reconcile it's quarterly bank accounts for a cash flow report in a few hours, Paul could copy paste his last quarterly ('pipeline of sales and talks progressing positively blah blah') attach the cash flow report and be done in a week. But will be?
No, I think the only hope is a call from the Governor with a last minute stay. Paul needs to pull an actual deal out of the hat. He will be absolutely desperate at this stage, his lifestyle company is at a critical point.
With all the focus on the expiry of options, even a cash neutral quarter doesn't leave the company with much cash as it started with very little. And not to forget the Spark payments generating the near cash flow neutral quarter are not to be repeated next quarter. So there is a fair chance that as the options expiry hope fritters away, Paul is going to have to look to another CR to keep the lights on past October.
(20min delay)