advice is to sell, so many other great stocks to play with, why even bother having a punt on a dog when you can have a punt on a good stock. They aint gonna do a consolidation at the moment because they know it will get dumped and then will be more difficult to raise cash hence go into VA. But they say they will when its profitable, which is never.
"But we must stress that NewSat will not proceed with this initiative unless and until we are quite certain of our ability to predict and generate constant, satisfactory earnings," Mr Walker said."
Im confused about the above statment, a couple of years ago they put out a profit forecast for the years ahead. so i guess that means they pulled it from the sky and was just a pure lie ? Should be making tens of millions in profits from what they said back then. not much longer for this stock, if they consolidate now they are screwed, If they stay the way they are and become more liquid its going to become much harder to find anyone interested to raise cash.
NWT Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
