georges eats humble pie, page-8

I made an enquiry with NWT regarding the discrepency between ann 14/12 stating a positive EBITDA for satelite division and actual EBITDA loss today of 1.44m:

the response:

the announcement on 14/12 regarding the positive EBITDA was in relation to december month, prior to december or november there was negative EBITDA in this division for the preceeding 4mths, the announcement of positive EBITDA was in reference to present time and not the 6mths as a whole.

I'm very disapointed because that announcement was very ambiguous and the share jumped from .6 to 1.3 as a result of that comment. Now there are alot of ppl stuck with this share that bought over 1 cent and on the interpretation of a full half yearly positive EBITDA.

I informed them of this and mentioned that every shareholder and his dog would have read that comment to be for the entire 6mths.

response: point taken..

so i guess its another waiting game guys!!

Im disapointed but still hold. GL to all the patient holders....

Let hope NWT is done with their history of ambiguity, because the market and ASIC will not take much more of miscommunication like this I'm sure.

I'm hanging in, cos despite the crap communication,m i beleive the company will come good.