Nettel Holdings, Inc. (fka NTTL)

[lytnup]

Unfortunately, the WSJ has featured a number of articles this week documenting the downward trend of steel prices due to lack of demand - such realities fly counter to the projections made for Tougi months ago. It would be instructive to know just how much NTTL got for the steel mentioned in the contracts; we all know that they sold some steel earlier way below what they could have, just to get cash. Let's hope they haven't done more of that.

Likewise, if the downturn continues, once again NTTL will have plowed all of its resources in a business that will have already peaked, and will get stuck with a bunch of yards, and material, that there won't be demand for.

Not a great place to be, I'm afraid.

We'll find out if he would have been better off plowing some money into this stock overhang - sure would have been better for shareholders, IMO. But.....this isn't about what's best for shareholders, right.