When a placement is made at 30% discount to it's last share price and it's for sucha alrge amount then it's naturally going to go down. Might take a little while yet for the arbitrary traders, and there'll be a few of them, to sell out, and for the stale holders who really couldn't afford to have so much tied up whilst in a suspension, but at the end of it all, we see a company who now has all the cash required to realise their goal to put a satellite into orbit. I admit, I never thought I'd see it happen, but to me now is as good a time as any to be accumulating stock as I just can't see it going lower from here as every day it gets closer to the launch date.
NWT Price at posting:
45.0¢ Sentiment: None Disclosure: Held