ntg - what price tomorrow, page-3

You may be right Scanbox but sure as eggs NTG will be trading at 10c soon.

imo anyone that feels they absolutely MUST hold this stock would be well served to sell their existing holding for anything above 10c and if they then want to reenter then buy @10c on market.

NTG shareholders have been mightily shafted already...firstly when clearly the insto's had prior privelged knowledge that something was on the cards that was not available to the average investor. Secondly...current shatreholders are faced with a non-renounceable rights issue...take it up or be diluted, and thirdly they are then sentenced to the shareprice languishing around the issue price whilst those taking up their entitlements ditch (especially the underwriters if they end up stuck with heaps of extra scrip) for anything they can get above ten cents...

Remember that a significant proportion of the funds raised are going to two major shareholders to repay loans they have made to the company for which they clearly did not wish to simply pick up shares in a placement but they are the parties who have agreed to underwrite the rights. Therefore they could probably be expected to be sellers of any shortfall in the rights that they have to pick up.

As always the above is merely my opinion so do your own research.

I do not hold NTG (but it was an extremely close call!!)