Honestly, this is a direct quote from the announcement
"Norwood understands that an Australian financial services institution is weeks away from finalising the final financial approval on a modernised Mobile Device Management platform that would form the basis for enabling any potential scale deployments of Norwood’s VBMS solution to the institution’s employees and contractors. The Company is confident that this decision, when finalised, will allow Norwood to advance commercial discussions with Australian banks, potentially deploying 1000’s of end-user licenses for Norwood’srevolutionary VBMS platform."
"An Australian Financial Institution": Any Australian company that provides financial services
"Finalising the final financial approval that would form the basis for enabling any potential deployment": As in, this financial institution isn't even ready to deploy NORs suite, they're just finalising financial approval to form a basis for future deployment.
"This decision, when finalised, will allow Norwood to advance commercial discussions with Australian banks, potentially deploying 1000's etc..." : As in, the financial institution isn't a bank, they want to use it as an example to get banks interested.
Once upon a time I thought you were just reading between the lines and being hopeful. But reality is, ignoring the facts is just being ignorant now. This sacred announcement you keep referencing literally reads "
This decision, when finalised, will allow Norwood to advance commercial discussions with Australian banks, potentially" it 100% confirms this is a small deal to get banks interested, and still uses the word potentially when talking about banks. You'd have to go out of your way to misread this.
Shanem confirmed that BNP was a nominee account, as did other posters and the T50 which lists it as such, and yet certain people wanted to keep saying it was BNP buying up because they are tight with Westpac and clearly have insider information... Just silly talk.
PO's response to Gyro, specifically
"We haven’t announced or made reference to any ”imminent deal with a bank”. Please refer to our recent market update which fully discloses our currently position across all major opportunities. "
Shows that Norwood as a company is trying to move on from their November Q&A, using it as proof now is pointless. To say the deals discussed then are still coming is just nonsense given the company isn't even willing to address them. PO is correct, they never said imminent deals with a bank, they mentioned imminent deals, and they mentioned 'two banks, one here in Australia and one in the US'. Instead of directing Gyro to the Q&A for that clarification, or noting that the banks are still in a certain phase, PO dismisses the bank entirely and states Gyro should look over recent announcements. Recent announcements being the ones like above that reference a financial institution they are looking at using as an EXAMPLE for banks in the future.
IMO NOR is still 2 years off landing anything and I don't think it'll get that far. PO says some of the development of the NOR apps was born out of dialogue with these two banks as they wanted a certain solution, well I think NOR missed the boat. I am inclined to believe those banks really did ask NOR to make some changes, but they're banks, they probably asked 10 companies, and NOR simply didn't deliver.
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I still hold, god knows why. I don't want to take the loss. Go down with the ship I guess. Hope for a small spike soon from some meaningless announcement that the financial institution has approved finances to possibly roll out NOR products. Don't you get it Holla? They can't even say that the financial institute is weeks away from being a client, they're just weeks away from forming a basis for future deployment. Actual deals with this institute could be months away.
We all know you are a large holder, I feel for you, as I feel for all fellow holders. However, your criticism and ignorance to facts just leaves a sour taste. Most holders are hurting right now, having learnt why this end of the market is so risky, myself included. And here you are, unwilling to let fellow brothers and sisters of NOR, finally vent some stress. We're supposed to simply upramp, make stuff up and pretend everything is okay?
Godspeed to holders, wouldn't we all love Holla to be right? Trust me
@Holla, we WANT so desperately for you to be right, but it's just becoming far to unlikely.
