At current prices Norwood once listed as NWD will have a market cap of about $22million with $4 million cash.
That's worst case scenario - if raising does indeed go ahead at 2c and not higher.
Re performance and milestone shares - always more than happy for the targets to be hit and shares issued.
Norwood is a$50 million company as is imo, hiding in a $20 million market cap body.
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No sense buying much over 2c, page-7
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