We all believe that NWT has a great deal of POTENTIAL with a technology that will be more widely used and needed.Yes it is making money and growing sales month on month,with new contracts in the pipeline to be announced. And YES I believe in the Medium term of this stock but the REALITY is somewhat clouded with SHENANIGANS. We all know what a farce the aborted takeover by EWC was and that my view is that the company could have had a better strategy to support the share price from falling. We heard from the company directors that NWT is a Unique company with a Unique technology that services governments that afford it a reputable status. No matter how credible one thinks they are or the potential of the company is THE REALITY is FOLKS we still own part of a company that has 6.7 Billion shares and the share price is 0.005,half a cent. Where is the credibility at this price why dont they make our dreams come true instead of feathering their own nests.
My answer is a share consolidation can give a company credibility but it is just FAIRY FLOSS.If they are sighning new contracts and EBITA is rising with cash flow increasing then announce a SHARE BUY BACK to absorb all that paper out there then that should stabilise the share price and be a positive until they can announce those long awaited BIG DEALS.
PUT OUR MONEY TO GOOD USE !!!!! HERE,S HOPING !!!!!
NWT Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held