Either way you look at it Norwood will have enough cash now to get eyecare cash flow positive. With this injection of funds it erases one of the markets perceptions thet Norwood would not have enough cash to see the year out. They are continuing to cut costs also if you read the companies announcments. These convertible notes can be converted anytime during the term of the contract for 42 cents but I doubt very much that this will happen. They will wait for the sp to move north and cash them at 20% discount for sure. The US has a much higher opinion of Norwood Abbey's potential than we Ozies.
NAL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
