Short activity, page-521

Short sellers are now questioning liquidity of nmt and timing when they will go bankrupt.

the bankruptcy issue is serious now - Chris would have had plenty of opportunities to close cap raise deals but they would've involved him giving up the reigns. Nobody is investing in this management, so Chris will just burn everyone and walk away with a house and a few million in cash.

timing to close the short position is key. No fixed assets, just pipe dreams, other chemical majors in EU already have the tech (you won't know unless you talk to them) and the technology is not patented in Europe, so it's basically worthless - SMS will already have first rights to it in their JV and it will be for pennies.

i feel sorry for the employees in west Perth that weren't privy to the information to make a decision to leave earlier and find new jobs.

Another SO4 and another band of burnt retailers.