re: Ann: NewSat Share Purchase Plan (SPP) off...
mac my new Newsat friend, now you're going to be "in the know" so to speak you'll find the old chestnuts like:
"report that will contain the need to raise $400mill+"
are not needed or indeed relevant, because as a new convert you'll soon discover that Newsat are not going this alone, in fact it's others than need to find the doe.
You see, we lucky share holders are getting a "free ride" thanks to all the good work your new best friend AB as done to arrange the gig.
Put in terms that $500 worth can deal with till you're fully initiated into the fold, our (yours and mine and sundry other wise investors) share is free!
There will be some sundry costs but we're not having to find $400m so rest easy, your $500 is as safe as Satellites..
NWT Price at posting:
25.0¢ Sentiment: ST Buy Disclosure: Held