You put your own risk capital on the line; take some responsibility for your decisions. If you want a guaranteed return go and get 3.8% in a term deposit.
For what its worth I don't know the finer details of the issue, but technically we shareholders gave them the right. Also; if you read the paperwork it wasn't AB who signed off on it. Crap deal I know, depending on your perspective it either means there is less in the NWT kitty (about $2M) or there are more shares outstanding. Either way ultimately someone put up $8.8M @ 52cents.
Wouldn't it be easier to pick up the phone and see what sort of answers you can get yourself?
NWT Price at posting:
47.5¢ Sentiment: LT Buy Disclosure: Held
