Share Price Rout, page-11

I agree the Australian market doesn't understand the company.

As we all know the key issues (apart from the Handpay contractual issues and any view on the outlook for China e-commerce etc) include:

- it should never have been listed in Australia in the first place
- they have been telling everyone for almost a year that they will list in the US in the next 3 months
- given the "imminent" US listing no analysts want to cover the stock
- the liquidity is very low
- the board is very weak
- Investor Link are pretty much hopeless

I think NNW is a better punt than most of the punty stocks listed in Oz in terms of fundamentals, but the above issues are unlikely to go away any time soon, the technicals are terrible and everyone has had a bad experience with the IPO and placement.

Also, it is hard to see it listing in the US at a massive premium. Maybe it can, but very few Aussie stocks can successfully do this. SEA AU is a recent one that is similar to this. At the time there was a shale oil boom and SEA was at a massive discount to US comps, however even this still failed and US investors weren't willing to pay any premium versus the Aussie listing.

NNW has to either get off the ASX or stop telling everyone they are going to list in the US and start trying to get some real coverage down here!!

Good company, but very poor at investor relations etc!!!