current events, page-4

not only have ewc tested holders faith but those onboard this forum aswell. I believe HC is a place where you can pick up the general vibe from the markets. And right now the bears have been all over this stock.

I agree with most of your post mate, thumbs up from me by the way.

points that i don't agree on:
'the share price was only going to go higher'

I for one was caught up in the hype but was lucky enough to buy in at 0.005-0.006. The SP would not have gone any higher IMO we were simply testing the resistance at 0.01 and failed. There had to be a retracement somewhere in the mix. I guess EWC was the catalyst for that retracement. But as the cliche goes it was the retracement we had to have. The only problem i'm seeing at the moment is that people think the SP we are currently sitting on is atrocious or that this is the beginning of the end. But anyone who has a single ounce of common sense in them would know that this retracement is natural. Those dooms day prophets are simply taking advantage of the holders passion and vulnerability. Be aware of those people on HC they will talk you into buying or selling. DYOR and make your own decisions.

'The reason why the board hasnt responded in great detail to the takeover bid is because it doesnt want to give EWC any attention that it doenst deserve'

This to me is not the case at all. Its either:

A: Management have either been extremely SLACK or INCOMPETENT. They have had their hands tied to their back by EWC who have outsmarted the Newsat management.

or B: or management have an ace under their sleeves and have heeded the lesson learnt from the tortoise and the hare. And have chosen the agm to attack them ewc clowns placing a rocket under the SPs ass. Not sure when the agm is but i'm guessing its just before or after the EWC bid.

At the end of the day, patience and fundamentals will rule.

Great post jaybay78. hope to hear more from you mate