Trading Halt for NWT.

If you have been following this one as closely as I have you would have noticed massive turnover in stock in the last week or two with the share price doubling this week.There has also been a change upwards in a substantial holder who has increased their holdings considerably as well.

Now along comes a trading halt with an announcement due early next week.It might just be a coincidence or someone knew what was coming.Of course it won’t be insider trading?
We will soon know when the announcement is broadcast to the world.

MARKET RELEASE
31 August 2007

Newsat Limited Security Code: NWT

TRADING HALT

The securities of Newsat Limited (the “Company”) will be placed in pre-open at the
request of the Company, pending the release of an announcement by the Company.
Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of
the commencement of normal trading on Tuesday, 4 September 2007 or when the
announcement is released to the market.

Darren Collins
Senior Adviser, Issuers (Melbourne)




	
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