The halt will remain in place until the opening of trade on Monday 30th March 2015, or earlier if an announcement is made to the market from what I just read Crusader.
As far as a class action repete ABSOLUTELY! The deals that seem to have been going on in the background, the transactions between Cresta need to be investigated, the deals with Orbital etc. The CEO and Directors have a responsibility to look after shareholder interests.
There doesn’t appear to be anything wrong with the Jabiru 1 project APART from how Newsat staff have handled it. Ex-Im must have done due diligence etc and whatever has happened since is now the question at hand.
They have to be held to account. they would all hold Directors Indemnity Insurance which could be hit. As for their ability to pay let the coffin chasers work tht one out. they won't proceed without a high chance of success and recovery.
And as for the news Mattank well who knows.
Bit like the Doctor saying to his patient after the operation "We have some good news and some bad news"
The patient said well hit me with the bad news first and get it out of the way. the Doctor said "sorry but we had to amputate both your legs". The patient said "sh!t, what the hell was the good news then. The Doctor said "the bloke in the next bed has offered to buy your shoes!!!"
Who knows what we will be left with. Nobody cares about us and will want to pick up the pieces at bargain basement prices. We won't have too many options available to stop them.
.
NWT Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
