I posted previously that NAL ignored the private investor and made continual placement's at around a 10% discount to current market price to a "select few"
Every time these "select few" would dump out their new holdings, and lock in a nice little profit.
NET RESULT
the faithful, small time loyal holder's of NAL see their holding diluted, and the share price is decimated.
WHERE DO WE STAND NOW?????????????
The "money bags" backers of NAL have said ""no more"" - we have pumped enough into NAL, but apart from making a few buck from jobbing new issue shares the company is in trouble.
The major backers have had enough - no more money!!!!!!
Next step:
Go to the "small" shareholders and try and suck them into subscribing more capital on the basis "no fees, etc"
If the majors backers of NAL will front up more cash, then be warned - GET OUT NOW
NAL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
