The current price wave is purely based on the risk of Norwood...

The current price wave is purely based on the risk of Norwood signing Optus. For a year PO talked it up, then it hit fever pitch with the supplier agreement signing. And as the risk of a deal subsides so does the price. Ignoring that and instead trying mental gymnastics of Olympic proportions to find conspiracies for the price is delusion of the highest order.

It was during this fever pitch that Norwood announced the association with Microsoft, something many buyers on that day misunderstood and sent the price flying only to realise later on that all it was was Norwood becoming a Microsoft customer and that their AI ("AI") products were a long way from commercial readiness.