On the worst day in the downturn, NWT Newstat Ltd was 2nd on the highest vol traded last friday 18.01.08 on asx market stats, with a rise of 25%.
NOW at .006 (less than one cent) it is about the cheapest stock one could find with potential. According to their announcement and presentation in Nov as below. go to http://www.asx.com.au/ -
type in NWT in company research, scroll down to the list of announcements. There you will find this presentation. Part only included here.
"• The Australian Government Subsidy Scheme (“ABG”) $160M already guaranteed • NewSat has acquired a Surfbeam Hub to run a wholesale business model through established ISP, Dodo • Dodo to market and sell the service • NewSat to provide the satellite infrastructure • Target of 32,000 clients (CPE and install paid by Australian Government) • 8,000 in 2007/08, 24,000 in 2008/09 • Both political parties say the funds will continue into 2009 if the need is evident PLUS • NewSat negotiates use of a slot from an existing holder • Makes application in December to Federal Government for funding from the $400m pool earmarked for Telecommunications • Offers to match the Government dollar for dollar with a credible partner. Several have already identified and expressed significant interest in joining NewSat’s bid • NewSat funds its share with either existing financial partner Cornell Capital or a Multi-national Investment BankT"
I think its a small risk for a high potential return, so I'M BUYING 100,000 at .006 for a small investment of $600.00 plus fees.
kind regards,
Mega
Remember, trading on the stock market is risky and you may lose money. trade at your own risk. I am not a financial advisor and this information is for eduactional purposes and to teach you how to reseach and trade.Do your own research and make your own decisions. go to http://www.megamoneybox.com/ and learn more.
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