NOR 0.00% 2.2¢ norwood systems limited

Expectations, page-3

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    At the risk of stating the obvious:

    1. Salaries of the 25 plus other costs are at a rough guess $4m p.a, so we would want some evidence/indication that revenues are heading for that figure. If it's $2m now and they can credibly claim that it will hit $5m in the next year, it would at least allay fears of another capital raising.

    2. Long-suffering shareholders are crying out for a concrete contract of some sort, not just an MOU. The quarterly is a perfect opportunity to announce this. A takeover by Apple or Facebook is a 1 in a 100 possibility, although it is a possibility. But when it comes down to it, NOR needs to stand on its own two feet and demonstrate the feasibility of positive cash flow, and sooner rather than later.
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