Performance Shares Explanation Please, page-3

I'm not 100% sure I understand your question, but to your specific:

I am trying to determine how far off this might be and if investors will get watered down (like a CR with no benefits if existing holders don't get the shares) or end up cost neutral if existing holders do get the shares as if both milestones are met it will equate to about 20% more shares being released from escrow.​

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Then answer is yes, if/when the performance shares are ever issued - existing holders will be diluted. That's the way these types of vends work. The hurdles are designed though so that existing shareholders will hopefully see some benefit, even if their holding is diluted to some extent and the vendor has incentive to continue to grow and support the venture.

If NOR bring in $3 million+ revenue as well as multiple $200 000+ CORONA contracts - the market cap will likely be higher than current and the shares theoretically should be worth much more as a consequence.



There are some options and escrowed shares, but only about 20% of the existing issued capital.

The Class A and B performance shares are not yet issued, as per the last 3B:

• 867,609,598 issued shares - 220,671,678 of these are escrowed.
  Current Market Cap @ 6.2c = $53 million.

• Then around 260 million more options and yet to be issued performance shares.
  Fully diluted its around 1.1 billion shares. At 6.2c it puts the market cap at around $70 million.

This is the reason that (in my opinion) the 16c valuation was extreme... It valued the company at close to $200 million when they had yet to actually make any money.

As to how far off the performance share issuing will be, its anyone's guess and will depend on if and when they meet the contract signing of $3 million revenue in a 12 month period target. Might be next quarter, might be never.. The joy of the speculative end of the market