Great may be JB and Wescott can get a calculator now and re-do their math, as unfortunately Wescott forgot to take into account 1 for 5 consolidation and the $200,000 at 20c that was put in, and $70,000 at 5.5c on the previous raise etc.
Easy math is as follows 1 mil for 21 mil shares = approx 5c per share. Even if the market is at 8,5c today we all know that to sell 21 mil shares would reduce the price significantly, probably 50% in NSL's case so that takes us to may be break even if lucky! My guess if thing go pear shaped the price would be significantly lower.
So I am not quite sure what point is being made here by JB and Wescott, but the fact remains there is significant risk on the money invested by the directors if they cant deliver!
DYOR!
NSL Price at posting:
8.5¢ Sentiment: ST Buy Disclosure: Held
