NOR norwood systems limited

Ann: Trading Halt, page-153

  1. 330 Posts.
    lightbulb Created with Sketch.  207
    I'd say I was already a disappointed holder. I'm far less bitter now that I have no stake. There are no worries now. It's a lot healthier not to hold a stock I have no faith in.

    I won't become bitter if they succeed, as in, I won't be mad if I miss out. I'll be able to get back in if there's a good announcement. But I've watched a lot of speculative stocks burn lately. I'd rather be 100% sure of where I'm investing my money. NOR is highly speculative at the moment. This is the end of the market where ten baggers are found, for sure, but it's also the end of the market with the highest risk. GSW and BIG are exposing the risks of this market, even in shares that had 'millions in contracts', and NOR has nothing but talk of 'potential' deals.

    I'm also not becoming negative after I'm out, in some weird 'talk down a stock I don't hold' way, if you read my previous posts I've been quite skeptical of NOR for awhile. Finally pulled the plug today as I couldn't bare waiting around any longer.

    Certain posters on here remind me of the GSW and BIG threads, where they continue to spout unrelenting positivity about the shares. On the GSW threads prior to relisting, posters akin to Holla were saying how it would stay around $2-3 a share because GSW had this incredible software no-one could possibly replicate and the share was worth so much more etc. etc. etc. and yet GSW today sits at 55cents. That is the only issue I have with such posters on shares. I don't mind if people have opinions, and it's especially good if they have some facts to back them up, but I have never seen Holla's opinion waiver from unrelenting positivity and he'll still be on here talking up NOR if it makes $0 this quarter. NOR could release an announcement saying they're pivoting in a new direction and making apps for contractors to send quotes to clients and Holla would be on here praising managements foresight and intelligence for 'cornering this new market'. He has a large stake, and so I understand the stress he must feel and why he would never want to admit NORs faults, but I fear it has lost him a lot of credibility and respect on HC and it may one day lead to him losing it all, whereas if he considered the fact he might be better moving on, then he may have better luck.

    I have been both positive and negative about NOR, and it's always been dependent on what we know. When we had information that said imminent deals and talks of big banks, I was keen on NOR. That info is dated and current announcements have management admitting their loyalty deals were useless and there's still no deals, so now I have lost faith and moved on.

    This is real money we have invested in NOR, and it's real money people are losing. That is important to remember.

    DYOR holders, this is simply my opinion.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Last
2.8¢
Change
0.003(10.0%)
Mkt cap ! $14.14M
Open High Low Volume
2.6¢ 2.8¢ 2.6¢ 6.438M

Buyers (Bids)

Vol. Price($)
1033076 2.6¢
 

Sellers (Offers)

Price($) Vol.
2.7¢ 471269
Last trade - 16.11pm 03/07/2026 (20 minute delay) ?
NOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.