Norwood Systems Limited (NORDD) Cotización

NORD one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Ekimas Corp., ASNB, changed to Nordicus Partners Corp., NORD:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Just got a response from the new CEO. More public announcements upcoming... OTC markets company updates shortly...

agree on the set up.

Very thin for sure

The setup is there, and it isn’t easy to get a big position

I saw it this morning, patience may pay off again with this one :)

looking good here.. getting discovered. merger, 400k float. news on warrants converted at 1.0 sweet

You do realize what the following sentence means?
“ Nordic direct investments in the U.S. totaled 148.7 bn. in 2021”

If you don’t then let me help you out. They are stating that nordic countries (I.e. Denmark, Finland, Island) have over $100 billion in investments in the US.

It doesn’t mean that Nordicus Partners had this much invested in the US.
We know absolutely nothing about Nordicus Partners or this merger.

Check the news today.

Yeah. Nice news out today too

this seems seiously undervalued imho. 8 mill os 400k float
billions rev. should go to moon soon imho

$ASNB
acquisition with Nordicus Partners A/S
Nordic direct investments in the U.S. totaled 148.7 bn. in 2021, with the number of workers employed in the U.S. by Nordic-owned affiliates amounting to 271,540 in 2019.

https://twitter.com/jayv80/status/1631310230846840833?s=46&t=cKwhH_qi7eUA-mQVZHH3pg

Nice merger

https://www.otcmarkets.com/stock/ASNB/news/story?e&id=2462862
NORDICUS PARTNERS A/S COMPLETES REVERSE ACQUISITION TRANSACTION WITH EKIMAS CORPORTION
Las Vegas, Nevada., March 01, 2023 (GLOBE NEWSWIRE) -- Nordicus Partners A/S (“Nordicus”), a financial consulting company, specializing in providing Nordic companies with the best possible conditions to establish themselves on the U.S. market, today announced the completion of a reverse acquisition with EKIMAS Corporation (“EKIMAS”) (OTC PINK: ASNB). The transaction was effected pursuant to a Contribution Agreement whereby EKIMAS issued 2,500,000 shares of its common stock to the shareholders of Nordicus, representing a 30.1% interest in EKIMAS. As a result of the transaction, Nordicus became a wholly-owned subsidiary of EKIMAS. Over the next several weeks, the combined company (the “Company”) intends to change the name of EKIMAS to Nordicus Partners Corporation and file necessary applications to change its ticker symbol.

Tom Glaesner Larsen and Christian Hill-Madsen, board members of Nordicus, were appointed to EKIMAS’ board of directors. Henrik Rouf, another Nordicus board member, became the Chief Executive Officer of EKIMAS. Bennett Yankowitz, EKIMAS’s former CEO, will remain on the board of directors and will become Chief Financial Officer of EKIMAS.

Nordicus was formed in 2020 with a mission to assist the right Nordic companies realize their growth strategy by fine tuning systems and processes, sharpening the commercial focus and providing companies with the best possible guidance and setup suited to successfully establish themselves on the U.S. market. The companies Nordicus primarily services are in the Green Energy, Clean Tech, Life Science, E-commerce, Blockchain and SaaS industries.

Tom Glaesner Larsen, CEO of Nordicus and incoming board member of EKIMAS, said, “We are very excited to become part of a publicly traded company listed in the U.S., leveraging of our expertise and knowledge of the Nordic technology sectors and assisting our client companies gain access to exponential growth potential in the U.S. markets”.

Henrik Rouf, a board member of Nordicus and incoming CEO of the Company, added, “We believe that with Nordicus and its team launching in and now having a presence in the U.S., will attract numerous high growth technology companies throughout the Nordic and Scandinavian regions looking to engage Nordicus’ services and offerings”.

About Nordicus Partners A/S

Nordicus Partners A/S is a Denmark-based financial consulting company, specializing in providing Nordic companies with the best possible conditions to establish themselves on the U.S. market, taking advantage of management’s combined +90 years of experience in the corporate sector, serving in different capacities both domestically and globally. The company’s core competencies lie in assisting Danish as well as other Nordic and international companies in different areas of corporate finance activities, such as: business valuations, growth strategies, attracting capital for businesses & company acquisitions and sales.

Forward-Looking Statements

The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro-forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services; competition from existing products or new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenue, expenses, capital requirements and need for financing; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them. For further information on such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Current Report on Form 8-K relating to the reverse acquisition and related transactions which will be filed with the SEC on or before March 1, 2023. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.

For further information contact:

Mr. Henrik Rouf
Chief Executive Officer
Phone +1 310 666.0750
Email hr@nordicuspartners.com

https://www.globenewswire.com/newsroom/ti?nf=ODc3OTg5MSM1NDM4ODk1IzUwMDEwODg4MA==
https://ml.globenewswire.com/media/OWUzNDBmNjMtMzdhNC00NmEzLWI3OWItMmRiOGVlMWVlNjAxLTUwMDEwODg4MA==/tiny/EKIMAS-Corporation.png Source: EKIMAS Corporation
© 2023 GlobeNewswire, Inc.

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Siar,

It appeared in my TD Ameritrade account this week. Thanks for the info. Now it is time to sell the stock and take my tax loss.

I got mine about a week ago at Schwab.

Yesterday I received the payment. Hope you all got it as well.

Siar
Thanks for the update. I am still confused. Transfer blames shareholders and company blames transfer. I notice the stock price has fallen $0.26 per share. Looks like the market got its quarter!

No, they did not.

In addition on 24th of Oct. the transfer agent wrote to me:
The distribution to the street was delayed due to the company not alerting FINRA. This should be corrected shortly.

Please note: If they are a shareholder that has not converted there shares from old to new, they will not receive the distribution until they convert the shares to the new.

That reads different from what I was told from Reddington Partners:
It turns out all shareholders holding stock certificates have been paid, while shareholders holding the stock electronically in a brokerage account have not yet, due to delays at DTC https://www.dtcc.com whom processes those payments electronically and directly into the brokerage accounts. Should happen in short order.

Unfortunately I don't know how much time that usually takes.

SIAR

Did they define short order?

Meanwhile I got an answer about payment from Reddington Partners. Apparently only a part of shareholders received the distribution. They wrote payment "Should happen in short order."

Thank you

Got the information from the company that "The company’s transfer agent is handling the cash distribution". I contacted them but they didn't reply.

No response.

Been 13 days and no response? Something is not right.

I have a call into the company and I will post if I find out anything.

No, I received nothing.

Has anyone received the dividend that was payable on 9/22? I have not seen it in my Schwab account, and I have confirmed I was a (small) shareholder of record on 3/15. When I contacted Schwab the guy said there is no record in their system of ASNB paying a dividend.

I think that's what they promised to pay as cash distribution to the old shareholders from these $400k. But I don't know how that was calculated. And I don't want to do the work to calculate it myself just because of these 25 cents. I am disappointed since nothings seems to go forward with the shell.

That's odd - the record date is March 11, 2022. Six months ago.

https://finance.yahoo.com/news/ekimas-corporation-announces-special-cash-181900229.html

D is gone now.

Sounds like a good plan. I am still holding my shares. Was hoping for a big dip to load up after the R/S but never happened. Hoping things start moving here after the D is gone. Good luck.

ASNBD($1.40)...accumulated a position.....

Outstanding: 5.7M
Float: 570K

Risk/reward on ASNBD in the $1-1.50 price range looks somewhat interesting to me. I started accumulating a position just prior to the reverse split and continued accumulating following the split. Currently averaged in at slightly over $1.30 per share. The valuation I am paying does concern me, but I'm crossing my fingers quite a bit and taking a chance.

I am only aware of (or familiar with) two other reverse mergers that PacificWave has been involved with (MMND, and the most recent one from about 4 years ago -- RKFL). Following PacificWave's purchase of 75-90+% positions, both of those shells had share structures fairly similar to what post-reverse split ASNBD looks like now. It looks like both of those shells/RMs saw bid prices over $5 at some point.

Just based on a very quick, non-detailed look at those shells it looks like PacificWave was able to complete RM agreements that kept the immediate post-RM share structures relatively low (around 25-35M shares outstanding). In a lot of RM scenarios those share structures could have easily ballooned up to 150+M.

So perhaps that bodes well for this shell.

Finally got that R/S a little late but at least now we can see whats gonna happen. Ask at $1.23 as of now.

ASNB: effective March 11,2022 a one for 50 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Just noticed the big volume today. Somebody must of heard something to create this volume out of nowhere. I would of rather it been more buying but at least the PPS started back up the 2nd half of the day. Ask got all the way down to .0151 and then moved north again so maybe there is hope yet.

Nothing I've found on it today

Yes - but something happened TODAY to trigger the big volume and sell off.

Maybe the details fo the r/s are somehow getting out and some players have elected to step aside until the r/s is complete? Just speculating here - I have no info.

Waiting for the reverse split and details of what might be going into the shell ASNB

Huge volume today for ASNB - over 1M shares vs. an average of 33K

Anyone know what is going on?

These MM's are bit scammy. I put in a buy at .037 ten minutes ago and it still doesn't show up in L2...

Should see our 1/50 R/S one day this week IMO. Ready to get this R/S behind us and see what the future holds. So far I didnt see any good dip opportunities.
From the last filing

The actions will not become effective before the date which is 20 days after this Information Statement was first mailed to stockholders. This Information Statement is being mailed on or about December 28, 2021 to stockholders of record on December 20, 2021 (the “Record Date”).

I agree. Thats what makes it so grand. Took a mod spot and stickied your post for newbies that have no clue. Maybe we will pick up a few more eyes.

No fluff, just filings. ASNB

Thanks E-Ore. This is gonna be a good one. Most traders have no idea. The wheels are definitly rolling.

Thanks!

Thanks.