My first post (ever) folks, so be kind.
I noticed a post here that says that in response to a complaint to NWT re the earnings +ve statement on 14/12/06, NWT claimed this was meant to indicate profitable or cash positive December month (?), not for the 6mths to Dec.
Are we to believe they made an announcement on Dec 14, relating to the Dec month trading positively - ie 17 days before the month ended, they were announcing that month was cash+ve. Please tell me I've missinterpreted that post. It's bad enough that they might be clever and desceptive, but now they are sounding desperately stupid and desceptive. Ridiculous.
In addition to the 'EBITDA positive' rubbish on Dec 14th, on Dec 19 we had this ann -
"On the 14th December, our Board announced a range of achievements, including profitable trading, which it had delivered to shareholders during the calendar year 2006."
Where in the whole hlf yr report do we find profitable trading?
It's fraud. I'm complaining to ASIC.
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