I am trying to understand your logic.
You and a a few other posters count NOR going from 1.7 to 4.9 as a big win; although it is now 4.6. They post charts and high-5 each other. These moves have been basically on hope of a big deal. And there's been no big deal. You conveniently forget that NOR has fallen from $1.65 and 2*Top 10 holders were accumulating in $1.30-$1.38 range.
Can you explain how the stock you are referring to "diluted 75%"?
Meanwhile, NOR SOI has increased 550% since the dynamic duo* started accumulating NOR. If you know basic maths then you can work out the dilution has been for NOR over this time period. Hint: it's >80%. Ouch! The increase SOI explains why NOR's MC is significantly greater now than when the SP was 0.07 and holders bailed out as it was clear:
1. NOR's business model for VM failed on its first attempt at Spark. And another telco hasn't taken it up since.
2. NOR's partner, Metaswitch, installed a VM solution not provided by NOR. Shows the value of the partnership... zip, zero, zilch.
No doubt NOR HQ spins a different story; they always do when faced with failure. One only has to look how they tried to spin the failure of the business model at Spark. Previous spins have included App store stats not being accurate... but only when the stats are poor. lol
* The 2*Top 10 NOR holders. And both, apparently, are still bullish whilst NOR has plummeted 90+%.
#OverdueNews
PS. As you apparently watch my portfolio like a hawk, have you seen my:
1. Coal stock nearly double since I called the lows
2. Goldie explorer double
3. Goldie developer up 50+% from my entry
All imo
- Forums
- ASX - By Stock
- General Comments
I am trying to understand your logic. You and a a few other...
-
-
- There are more pages in this discussion • 828 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NOR (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.5¢ |
Change
0.003(9.38%) |
Mkt cap ! $16.63M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.5¢ | $392 | 11.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6886 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 123849 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6886 | 0.032 |
3 | 245800 | 0.030 |
1 | 92000 | 0.028 |
1 | 150000 | 0.027 |
3 | 250000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 123849 | 1 |
0.042 | 23833 | 1 |
0.044 | 120000 | 2 |
0.045 | 34501 | 1 |
0.046 | 21759 | 1 |
Last trade - 15.36pm 26/09/2024 (20 minute delay) ? |
Featured News
NOR (ASX) Chart |