NOR does not have a spending problem. As Holla correctly pointed out it's right on budget and in my mind appropriate.
What they do have is a revenue problem.
The transition to Corona to Corona cloud has caused them a 6 months delay. This is significant as I will be bet Billy's wine collection that their internal documents had anticipated good revenue from corona by now.
But the silver lining it has also future proofed the company and positioned it's corporate solution as absolutely leading edge. The market is going to go bat shit crazy for Corona cloud. WP was never intented to be their flag ship product and it's still doing ok considering the delays.
My rock solid optimism for NOR will return when they can outline to shareholders either via a left field rabitt or a CR strategy announcement which I estimate will or must happen by the end the May. For now I am OK just patiently waiting turbulence out.
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