Much easier for you to look it up. A lot of info to try and translate to here for you.
www.newsat.com/Investors/asx-announcements.html
Look at announcements Friday, 9 September 2011 Capital Management Initiatives
and
Monday, 12 September 2011 Voluntary share top up and share sale facilities
Heaps of other info there too.
Basically, you holding is divided by 50. In an ideal world your SP would also rise by x 50 therefore no net gain/loss
If you hold only a small parcel you will have the option of buying more or selling what you have without any brokerage costs [or you could hold and do nothing.
This would reduce the 8 billion+ shares to around 170mill. and increase SP from .012 to .60 using todays SP.
Would make the market more attractive and allow insto's who are not allowed to trade in our shares at the moment the opportunity to also get in. Good all round.
NWT Price at posting:
55.0¢ Sentiment: LT Buy Disclosure: Held
