NOR 5.56% 3.8¢ norwood systems limited

Positive news flow, page-871

  1. 7,323 Posts.
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    "Let's see how much Nor gets per user. Hopefully we find out soon.
    I'll guarantee you it's much more than the sell posters' nil predictions...."

    Attention to detail is not a strong point of the perma-bulls.

    In the announcement regarding the white label VM App with Spark, it says:
    "Spark will encourage subscribers to sign up for the service at either a monthly or annual price. The new subscription revenue arising from this hosted service will be shared between the parties"

    https://www.asx.com.au/asxpdf/20200130/pdf/44dmltwzj2qw4d.pdf

    NOR did not update the market when Spark discounted the price the first time. Why? Pricing was disclosed in this announcement. Furthermore, the freebie App has been available for some time. If the terms of agreement changed, then NOR would have been obliged to update the market. But deathly silence.

    NOR will be receiving x% of $0/month/p.a.

    The white label business strategy is a DOA.

    All imo.
 
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