my apologies if i have offended you or anyone on this forum but in all honesty i do not know how on earth management will get this satellite off the ground. This project will cost $400million. It was also said in an announcement last year that an announcement regarding financing was to be released by the end of the first callender quarter this year which would've been april. This financing announcement was then delayed due to the events that transpired in Japan (IMO management was being opportunistic with this cheap shot excuse as we have found out that the announcement we have been waiting for will be footed by shareholders and sophisticated investors) I therefore assumed that this is the financing announcement that management mentioned was to be released last year.
We've only got 12million dollars in funding that leaves 388million dollars to be secured (thats 7 times our current market cap)... I'm asking where on earth will they get that, the company simply doesn't have enough collateral to take out a loan of that size. I'm not here to create trouble T2S but i did mention that i would consider re-entering NWT should the financing announcement be favourable. After this announcement i find it hard to commit money when there are soo many questions yet to be answered.
NWT Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held
