NOR 0.00% 4.9¢ norwood systems limited

Positive news flow, page-14

  1. Doz
    4,331 Posts.
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    “This particular service was conceived of in late November 2019, contracted in January 2020 and delivered in late February 2020. This must be a record launch timeframe for a telco service of this complexity and is a testament to both Norwood’s and Spark’s agility, while providing an extremely credible reference on how Norwood can rapidly assist other telcos to bring similar hosted services to market.”

    Refer 04/03/20

    Notes of interest .
    Norwood can rapidly assist other telcos bring services to market , record launch timeframe , credible reference .

    In my opinion , this 4 month timeframe is important especially if we take into consideration the need for capital to fund expansion . NOROA options expire 31/10/20 . 86,517,151 NOROA options @ 0.08 if fully exercised will raise $6,921,372 in much needed capital . Norwood must achieve this goal , we are four and a half months away . With the current share price dramatically declining from 0.06 to 0.024 due to covid19 and the temporary rollout halt by Spark . I expect a flurry or revenue producing deals and partnership announcements . It will be important for the share price to be well beyond the strike price to ensure maximum participation and reward to existing shareholders . I expect Norwood to start pulling rabbits out of the hat in the near future, for the betterment of Norwood , shareholders , partners and telcos . DYOR , all in my opinion .
 
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