Nordic Panorama operates a Norwegian ski resort and sells and rents chalets and log cabins in the resort area. Nordic has had a number of guises in its two decades as a quoted company. It started out as royal jelly supplier Regina before changing its name to Maisha and switching from the Main Market to Aim on 26 August 2003 at a transfer price of 2.75p. It briefly acquired a technology business. That purchase didn't prove to be a good deal and it was unwound. The cash shell acquired the current businesses on 5 January 2007 for £19m in shares – based on a share price of 2.38p.