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NetSol Technologies, Inc. Message Board

alsense 12 posts  |  Last Activity: Aug 21, 2014 12:04 PM Member since: Mar 11, 1998
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  • But the expectations are so low, they are buried 10 feet under.

    There are many unanswered questions, and the release of unaudited financials will not answer most of them.

    I will wait and see what actually gets released, rather than rely on hype and speculation.

    Of course, as a trading opportunity, this will continue to be a buy the rumor and sell the news process.

  • alsense alsense Aug 20, 2014 11:52 AM Flag

    There is an enormous grey area.

    For example, Ren has operated with impunity up til this point in time. If he sees a threat from Seiden, he will simply sell assets, pay himself a bonus and leave. It is all perfectly legal.

    The ONLY way this succeeds is if Seiden can convince Ren that there is something in it for him. But for that to be true, Ren has to somehow become someone he is not, and honest and capable CEO running a profitable business.

    So...forget about it.

  • alsense alsense Aug 19, 2014 9:23 AM Flag

    Yep. Fantastic.

    My favorite quote:
    In many of these types of cases involving foreign companies it is very difficult if not impossible to enforce the judgment obtained from the court. However, in this case, because of the creative thinking of a group of SCEI shareholders, including Alain Peracca, James Sutter, and Lismore Partners LLC Managing Partner Adam Waldo, the Nevada court appointed the Receiver giving him broad powers to realize the claims against SCEI. In addition to the investigation and potential recovery actions, the Receiver has sought to work collaboratively with management and the Board of Directors of SCEI to resume regular required financial and operational
    reporting and produce value for all SCEI shareholders.

    Can't wait to see the results of the collaboratively developed update, including new 10-Ks, audits, etc.

    Can. Not. Wait.

    Was the prepaid, undelivered coal refunded? What really happened in Dongguan? Where is the Crown merger? Is Ren in good health after visiting Thailand? Did Sino wipe out the mom and pop slurry shops mentioned in prior filings?

    All the answers are forthcoming. Thank Buddha for the creative thinking!

  • So, as 2014 winds down, Seiden engages Thornhill and Weinberg to review ancient accounting docs. He sends CSI to look at Sino in China and finds employees, activity, slurry and apparently, some money and assets.

    "If approved" Ren will be out as Wiscon chair.

    Looks like all the big hurdles are cleared. Buy, buy, buy.

    I wonder when Seiden will actually file suit in china, and how long the process will take to have Ren thrown in jail for violating US securities laws. Anyway, hold your shares and buy more. I'm sure everything will be fine.

    Oh, and honorable mention to Jim and Alain and Adam for the creative thinking that was noted today. Creative thinking is a powerful tool, and worth a lot. When Seiden puts you on the stand in China in a few years at Ren's trial, your testimony should be the result of creative thinking, as should the china court judgment. Like all good slurry companies say, "let's let our creative thinking guide us today."

    Have fun with it, guys.

  • Reply to

    coal slurry for those who don't what it is

    by fafufnikus Jul 29, 2014 10:36 AM
    alsense alsense Jul 31, 2014 10:58 AM Flag

    Truth about slurry:

    1. It has been around for many decades, so it isn't new.
    2. Slurry can burn 40-80% more efficiently than large chunks of coal. BUT (and it is a big but), much of the benefit of the more efficient burn is negated by the energy required to process the coal into coal dust so that it can become slurry. In fact, this is such a big deal that SCEI stopped crushing coal during summer days in China because electricity was too expensive and took all of the profit out of slurry.

    Thus, slurry is fundamentally flawed.

    Does anyone know why the huge international energy companies don't use slurry?

    Answer: because it isn't the most efficient way to turn coal into electricity.

  • alsense by alsense Jul 28, 2014 8:20 PM Flag

    Not really.

    A friend of mine just got back from China.

    He never saw any slurry nor observed any benefit derived therefrom.

  • I heard Ren had a good time in Thailand. He learned that slurry cannot prevent STDs, but it can be applied to the rash.

    Other than that, I haven't heard any slurry news or rumors.

    Anyone?

  • Reply to

    Great work, everyone

    by alsense Jul 13, 2014 12:03 AM
    alsense alsense Jul 15, 2014 11:08 AM Flag

    Like so many, you want to talk about the people posting instead of SCEI.

    Did you know that slurry is not used to power the lights in the chinese acrobat tent at the circus? Rather, diesel fuel powers generators that power the lights. This is because you don't need a factory to burn diesel. So, next time you are at the circus, you can think of SCEI.

  • Nice to see the progress here. Slurry prices are up, competition falling apart, Ren's strength's are shimmering under the bright light of detailed reporting. Could not be more proud. Even the return of money for pre-paid coal is now complete.

    Congratulations to all the longs. It was great to read the new 10k!

  • alsense by alsense Jun 23, 2014 11:11 PM Flag

    No news is good news, right? So, fantastic, right?

    Seiden is clearly creating a ton of value here.

    Champagne, anyone?

  • Wondering if the Nevada, Hong Kong, Dongguan court has anything on its docket in order to distribute the assets of SCEI?

  • Just checking.

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