it traded at .002-.003 for a year, at what the market deemed fair value. At the time, and before, nwt was burning through cash, and writing scrip every few months, and the future looked grim, especially for the long list of longer term holders. There was a time it was even doubtful they'd continue as a going concern, hence the SP.
now its at .006-.007, a 200-300% appreciation, which marries up with the 'earnings per share' comparison to the previous year(even though at a loss), of again, what the market deems fair value. NWT has increased its business by a certain amount, but still isnt profitable(as per yearly). once the market gets more proof of business expansion,or one of these mega deals everyone here is hanging their hard earned on, then u may see higher prices.
im happy to a point, seeing at least nwt has seemingly turned itself around, relatively speaking, from where this company has been.
NWT Price at posting:
30.0¢ Sentiment: None Disclosure: Held
