Consolidation allows the superfunds to invest in NWT - many have...

Consolidation allows the superfunds to invest in NWT - many have rules that forbid them investing in stocks below a certain price. The 50:1 consolidation leaves 176 mil shares on the table. This a very good thing and the serious and big money knew it was coming and expected it and their entry will only help push the price upwards. The company has forecast this move years ago but always said it would only occur when all the pieces of their satellite puzzle were in place. It's a good indication they now feel that's the case.

Hard to argue against it. Teleports owned. 7 slots owned, Jab 1/2/3 with binding agreements of 239mil announced so far and another 720mil reported to be announcing this year. Monthly contracts with blue chip clients increasing monthly. A balance sheet in the black with positive cash income and a 40+ million dollar tax right-off from past losses up its sleeve.

Until now, the biggest negative to NWT has always been the number of shares on issue. This gave the company the title of a penny dreadful with a price to match and a huge churn of shares that made it difficult for an upward trend to gain traction. With the 50:1 consolidation this will be a thing of the past.

NWT is becoming a very serious, internationally recognised company and is about to finally get the respect it deserves and a share price to match.

The recent Baillieu report valued NWT at its current share issue at 8.4 cents per share with a 12month target of 5 cents. Consolidation does not alter those gains. The value of shares will simply rise by the same percentage through the consolidation. Enjoy the ride if you're on board. DYOR