An 'independent director' who has sprung up in recent times.
Owns 70 million shares out of a float of 340million odd shares (don't know if this includes all the 'options' out there).
But a significant holding. Maybe he will start to get this company to act in shareholders interest given his personal holding. (nothing like a director with serious skin in the game)
So far he is the only director with significant holdings.
The good of MD has minimum direct exposure, but still gets significant upside given his option exposure.
Reckon this stock is good for a 100 share exposure, and then just sit back and watch.
Feel sorry for all the long term shareholders, but this is often how it works out with long term concept companies.
Sell a good story way out into the future. Make multiple capital raisings along the way. Directors line their own pockets along the way whilst giving progress on the 'long term story'.
By the time the concept is in business and making money the original shareholders have had their shareholdings diluted to cr**p
NWT Price at posting:
38.5¢ Sentiment: None Disclosure: Not Held