"Other than your relentless Apsec agenda, I think they are all...

"Other than your relentless Apsec agenda, I think they are all in the black."

What relentless Apsec agenda? I merely highlighted publicly available information which is not created by NOR. It's my standard research practise to read reports from Insto's on stocks. If the Insto is a holder, I want to understand their investment history with the stock as this adds colour to their view. How you conclude this as a "relentless agenda" is more a reflection of you; for you everything seems to be a conspiracy or other such nonsense.

First I calculated Apsec average buy from their Sub Holder notices. They are in the red by about 20% from 187 transactions going back to their entry in 2015. I am amazed they still have faith in NOR after all the product pivots off the back of commercialisation failures. I'd expect an Insto to have an investment thesis. So how can an investment hold up against all the commercial failures? So I was intrigued and looked at Apsec's November report which highlighted their thesis which is basically:
1. NOR has a big TAM
2. If NOR captures a small % of the TAM then it will have a big number of customers
3. If NOR charges a small amount of $'s per annum to each of the big number of customers, it will make big doubles. If NOR doubles the amount it charges, it will make even bigger $.

Wow. Laughable. This, as I said many years ago is called the "Chopsticks to China" metaphor. And it can be applied to all of NOR's products except the legendary WP Secure. So with Fundamental Analysis like that, it is little wonder Apsec under-perform their stated benchmark. They are absolutely clueless; at least when it comes to NOR.

But amongst holders, Apsec are not alone. Take NOR perma-bulls on HC as a sub-set. None of the perma-bulls have offered an investment thesis for CogVoice but all expect huge deals. Previously we had @Doz offer up a thesis for VM. The thesis failed and Doz still holds and was last seen being bullish on CogVoice.

And you wonder why I post here? The entertainment is next level.

You "thinking" all Top 10 holders are in the black is meaningless based on previous examples of your thought processes.

All imo...

#OverdueNews