NOR 0.00% 3.3¢ norwood systems limited

Ann: Capital Raising and Appendix 3B, page-3

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  1. 2,426 Posts.
    lightbulb Created with Sketch. 43
    Wasn't Oracle - Fake news...

    Disappointing it wasn't Spark - this would have been the "best" outcome for holders.

    Pinnacle smarter this time around... They take 6% of the total amount raised but they also take $10,000 per month for 3 months (?) as a retainer fee.

    Potentially 100,000,000 shares to dilute holders before 21st June..

    Keen to hear others thoughts, but not sure the 300k upfront buys them much longer @ current burn anyway?
 
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