I have read all the releases and promises of announcements for the past 5 years. That's exactly what convinces me that this stock is just hot air and drivel.
According to AB Newsat need to raise 100 million dollars to be able to launch Jab1 (with a $250 million debt. Massive share dilution of current holders by doubling number of shares.) He can't and won't do that at current SP. Therefore they will need to quickly increase the value of the company (his words). So far they have announced........drum roll please..........$2 million worth of extra business. Chicken feed! Won't even pay for the paperwork needed to launch a satellite.
No promised announcement of funding strategy. No promised announcement of partners.
If that is not convincing you nothing more I can do for you .
Damn, you did gave me a good laugh though a few days ago. U wuv Newsat. awww isn't that cute.
NWT Price at posting:
35.0¢ Sentiment: None Disclosure: Held
