NWT 0.00% 11.5¢ newsat limited

20 million just dumped at .004?, page-10

  1. 5,224 Posts.
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    Someone may pump this stock one day - many would be happy to get out at .7 but most will probably wait for something closer to 1.5 cents to empty their holdings.

    The big problem is the only thing the company is really good at (make that expert) is issuing shares. When I first bought them they had under 2 billion shares, now they're over 7 bil. There is zero guarantee they won't be asking for more money next year or issuing another 5 trillion shares (possibly a very slight exaggeration).

    Anyway, in the absence of meaty news it may take months to wash away the influence of this spp on the share price. Requires patience with a touch of madness to hold this stock.






 
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