"he best thing is for the investors to forget the takeover offer, allow the price to rise above the offer"
This is going to be one impossible feat. We simply cannot move SP wise with so many shares on the market. We are going to have a tough battle on our hands surpassing the 0.007 barrier and when we do we still need to knock off another 200million shares to reach the 1cent mark! Absolutely ridiculous IMO. Right now we are powerless, it would take incredibly good news to surpass the 1cent mark. Very frustrating to see a good company like Newsat get manipulated.
Some have said that we should consolidate at 3cents. But if we are currently having a titanic battle to get past 0.007 what chance do we have of reaching 3cents?
NWT Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
