"..mergers and acquisitions, restructuring and capital raising.."
Newsat need a partner with "Blue Chip" credentials.
To launch a satellite requires capital raising.
It also requires much of the capacity to be pre-sold.
Who would buy this capacity?
Any partner would (if they pumped in a lot of cash) want to have the opportunity to change course and give Newsat even more credibility, hence today's ann?
All good, on track for 3c upwards.
TG
NWT Price at posting:
40.0¢ Sentiment: ST Buy Disclosure: Held