Garyjj. Your response indicates you have given up on NTC like its Board. NTC is still for the next 4 months an independent company. As such it should be out there trying to sign contracts and growing the business to improve the outcome for its stakeholders. Instead the Board seems to have closed up shop and sees the CASA takeover as the only option. For example signing a large contract with a Tier One company would significantly improve the company’s position and prospects of a higher bidder or shareholders deciding to vote for NTC to stay an independent company. It seems that any contract negotiations are on the back burner. This is not in shareholder interests. The Board has also put Collins in a difficult position as Interim Chief Executive with a fiduciary responsibility to NTC shareholders whilst his future employment is likely to be with CASA who have made an offer that is significantly below intrinsic value.
NTC Price at posting:
$1.08 Sentiment: Hold Disclosure: Held