P/E=171 much too higher, page-8

At least NTC are raising money for the least worst reason, that is to expand the business, rather than because a bank is pounding on their door.

It will be interesting to see what price is achieved in the book build. The underwriters obviously think that they will be able to offload the stock at around $2.93 otherwise it will start to eat into their fee, which I am guessing might be around 5%. If the fee is 5%, the underwriter will be working for less than nothing if they cannot get better than $2.78 for the stock.

By the way, NTC's PE on the 2015 earnings might be circa 171, but when calculated on the 2016 H1 earnings (3.56 cents annualized), the PE comes back to a slightly less stratospheric 91.

As a holder I can only hope that the shorters end up on the receiving end of a wedgie!
Not that I am against short selling in general. It helps drive prices closer to where they should be and provides a useful signal.
Cheers