NWT 0.00% 11.5¢ newsat limited

this dog is doomed, page-54

  1. 12,639 Posts.
    All the best to all that hold. I know alot of people that have been burned by this company.

    I remember losing 75 Grand 2 years ago just after i had spoken to one of the directors who confirmed that everything was fine with the company. This was just after they had a share placement of 3 cents and i bought heavilly into it only to find that the day after the shares were placed on the market the shares dived more than 30% and then kept on going down never to return and yes i was one of their major shareholders.

    Note that this all happened just after they had released a fantastic glossy brochure stipulating how well they are going, how they have now turned a corner and how they will by EBITDA positive from now on and indicated that the financials of the company will be onwards and upwards from then on.

    Since then they have continued to crap all over their shareholders by selling off their most profitable asset at the time which was Airworks and they have continued to place more shares on he market on a monthly basis so that they can pay their bills only to continuously dilute shareholder wealth.

    Think again if you think for a moment that they care about you as a shareholder. Their actions speak far louder than words.

    I'm speaking from experience here with this company and I am simply stating a few facts.

    You may make money out of this company however the risks far outway the benfits IMO.

    Best of luck.
 
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Currently unlisted public company.

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