NORLotto, page-28

More like watching a runaway train headed for Receivership Gorge.

A significant change to NOR's revenue trend is required for me to feel confident about buying NOR.

As for the quarterly - it is telling that management have only given figures to 31 March. It's May now - where are the April numbers? Are they terrible? I'm betting yes, seeing as management have previously been trumpeting increased "Cumulative Revenue" on a fortnightly basis. Conspicuously silent, in my view.

It feels good to have grudging respect from some of the people on this board. Rewind back to January I recall hoots of laughter when I mentioned I had worked in Optus for 7 years (Someone suggested I was in the call centre. Not so - 18 months in engineering and the rest doing sales into State Government). I have invested in BGL and AMM to great success. I understand the telco business. But you don't need to be a telco expert to understand why NOR is not looking good right now:

Losing Money
Revenue declining
Lack of consistent and clear data from management

I don't care about the tech. Do they make money? No.