NWT 0.00% 11.5¢ newsat limited

late run, page-11

  1. 117 Posts.
    I'd say it's more a case of the company working overtime to make sure they have some bankable news out before then, rather than holding it back. The company has so many areas of material significance to report on regarding the development of their satellite program that they don't need to hold things back as and when they fall due.

    In any event, its not very difficult to hold news back without breaching the corps Act or asx listing rules if you wanted to. You can have a 'done deal' on your desk but its not a contract until its signed by both parties. Or just make the Effective Date of the contract a date in the future when you plan to make the announcement, so again not strictly binding until then and thus no need to report.

    My guess is news-a-plenty this week.
 
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