Sun, Nov 23, 2014, 11:27 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

NetSol Technologies, Inc. Message Board

  • ntofive ntofive Jul 13, 2012 3:59 AM Flag

    CHINA'S ECONOMY CONTINUES TO WEAKEN......NTWK MIGHT NOT BE ABLE TO SURVIVE

     

    - most large ntwk contracts are for china

    - even with the economy artificially ok ntwk was signing nfs contracts every 6 - 8 weeks.

    - even one contract delayed can represent 10% of nywk's yearly revenues

    - less than 40% gross margins suggest that ntwk is settling for any price just to show an improving top line

    - the company put all their eggs in its 4q 2012 basket because they want to avoid a significant reverse split

    - by doing that they've mortgaged their future.....1q 2013 will be horrible and they may post a loss in the 50c/share area if they do a 15/1 reverse split

    - the stock will be shorted to oblivion despite the brainless and relentless company pumping

    - their cloud division vroozi is a major failure having booked only $3731 in the first 9 months of fiscal 2012. There is absolutely no way for the company to meet its $5 million calendar 2012 revenue projection at a current usage rate of $3/customer/day

    - they will increase the share count to 150 million shares pre-split. This compares to 5 million shares they started with after the last 2003 r/s

    - they don't have a qualified cfo. The current cfo is a 30-year old #$%$ without a cpa. None of their accounting staff has a cpa per their filings

    - they acknowledge every quarter that they have serious material issues with their accounting

    - they use an often-punished by the board auditor (kabani) that they want to ratify with proposal 2 of the current proxy

    - their revenues are absolutely flat all the way from 2008 despite adding over 200 employees since 2008

    - by their own admission they have finished only one of the 6 nfs modules in release 2 formal (cloud)

    - they are too late in the product replacement cycle. They have been talking for over 5 years about release 2 but they don't like that format because it would take dozens of customers to replace one big license (current problem with vroozi)

    -- the norm here is lying and deceit

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
NTWK
3.98-0.11(-2.69%)Nov 21 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.