help on nwt, page-2

hello porky. 21,580,111 on the sell side and 1,149,000 on the buy side, so more selling than buying. The buy side looking thin, but the news out in the posts below is the most positive news it has had for a while regarding share consolidation. The selling could be end of financial year sell off's or other reasons.
This is from the newsat site.

"NewSat is growing and moving into a period characterised by predictability and sustained performance as the underlying revenue of the company is growing in a trend of month on month. Extra-ordinary items can still produce unexpected isolated troughs in results, however".

The last line should be noted.

"But we must stress that NewSat will not proceed with this initiative unless and until we are quite certain of our ability to predict and generate constant, satisfactory earnings," Mr Walker said.

By reading these statements, it gives the impression that a profit at the end of this financial year is very unlikely.

The sp may fall further in the short term, although the share consolidation is a positive but this could be a while away.