The plot thickens! If you recall in the last post I mentioned about NWT and it’s mysterious partnership they were announcing but would not divulge who they were.

Curiosity got the better of me so I decided to “Snoop” around and this little gem turned up.

An announcement was made yesterday by “PowerTel” (asx code PWT) to the effect that they had been approached and had received “highly and confidential proposals from independent parties and had appointed external advisors to assist in the review of the propsals.”

They also went to say that negotiations were going on and that shareholders and the market would be notified in due course.

All very thought provoking.(Next week we shall see how and if the market notices this.)
Of course it could just be a coincidence?


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