173 Million shares for sale at 7... This wall sure starts to look a bit ridiculous.
However, the sell orders above 7 are starting to build as well so I would say there is something brewing. A feeding frenzy about to start? A surprise announcement to blow the price out of the takeover zone for good? Surely NWT must be working their bums off to finalise those "not quite ready yet" deals they talked about.
Timing is crucial here. Both sides know it but NWT has the advantage to present some new deals that would take the Edelweiss guys by surprise, leaving them gasping or air. At 1.4 cents the company is worth 100 Million bucks. That will shut up those clowns for good and create a new talking point.
I predict something is about to happen. Not just because I'm bored :-)
NWT Price at posting:
0.6¢ Sentiment: ST Buy Disclosure: Held