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

NetSol Technologies, Inc. Message Board

  • items2 items2 May 17, 2013 12:41 PM Flag

    Pre-split price would be higher with these financials

    It seems 10-1 reverse split was not a good management decision, top and bottom line numbers were not as good when price above $2 ($20 post split). Management took bad advice imo

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • yup....

    • Sorry Charlie.

      What was the stock price at the time of the reverse split in August? The stock was .45 and the split took it to $4.50

      The current price is more than double.

      It was a good move bozo.

      • 1 Reply to o08o.ugh64w
      • you both are wrong. ntwk was forced to do a reverse split to keep their nasdaq listing as the
        stock did not meet the minimum $1 price requirement. management had no choice.
        today's price is split adjusted at $1.04 with 88 milliion shares outstanding. when the stock traded at a high of $2.30 a share 2 years ago their earnings were q1 .04, q2 .04, q3 .06 so they had a split adjusted eps of $1.40 per share after only 9 months back then. this years earnings estimate of around .94 (will not happen by the way) for the full year is far below that of 2 years ago. why you say? because shares have been diluted by 62% since then. that's why this stock will never ever
        trade at the old split adjusted highs of $2.30 ($23.00) a share unless earnings ramp up dramatically. not likely given the fact that the stock is still being diluted every quarter.
        if you guys were around 2 years ago you would know this info. watch the total share count every
        quarter not the weighted average count.

        Sentiment: Strong Sell

5.29+0.07(+1.34%)Oct 6 4:00 PMEDT