Won't get off the ground. Had our chance. There are many large holders but we can't do anything.
There are protocols that have to be followed. I don't pretend to know the system or the legal side of it but it is not a simple matter at all. Would require I suspect an EGM and that has to be formally requested and agreed to.
Would probably be quite expensive as well. It has been done before and even Boards and Senior Managers tossed out but I know it was a massive exercise.
Apart from that it is doomed before it starts. Too many shares held by too few and they all eat from the same trough.
Probably wouldn't even cause a ripple at HQ. It will be business as usual. AGM is when you get your say. Too many have wasted the opportunity too often. The few of us who have stood up are a very small cry in the wilderness.
Perhaps lessons learned for the future.
NWT Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
