I followed Netsol for 2 years prior to sinking a penny into it. The reverse splits you talk about are meaningless to the stock value today and looking forward (as the street does). I am sure I have done considerably better with NTWK than you have (near mid-six)...
Apple nearly went bankrupt in the 90s and I bet you own an iPhone today. What does Apple's balance sheet and product offerings have to do with the company today? But yet, there you are screaming at the top of your lungs "Apple nearly went bankrupt the company sucks!"
Clue in... learn about the sector and Netsol's current valuation and growth with respect to industry comps before you state such ignorance as Netsol will never be $16... you are that same Cranberryboy id who said NTWK will never reach $10 before it hit $14.
I say it proudly- MORON!
Also for the wise, the CEO states on the last ER that NTWK was finalizing a $10M+ contract (largest in NTWK's history) with a top 3 Japanese Global Equipment Manufacturer. Well, the announced $10m contract is with a Global Automotive Finance Captive Company which means there will be another $10M contract announcement soon as the CEO states; he clearly expressed that NTWK had 2 $10M contracts on the last ER.
Netsol also announced a very important U.S. deal- maybe not in terms of scale, but they sold a their new U.S. and Canada SAAS cloud product which is important for evaluations of the company moving forward as VROOZI gains traction that will vastly improve margins and offer recurring revenue.
NTWK is a very very solid long investment right now.
You are clearly a very inexperienced and naive investor who lost money on NTWK a couple of years ago. Furthermore, you are incredibly ignorant of finance and investment for growth.
Lastly, every contract netsol signs is prorated over time you moron so the $20M in new contracts announced last quarter illustrate tremendous growth moving forward. Like the analyst stated on the last ER- "if Netsol lands $10m contracts it is a total game changer, can you comment (CEO) on the progress of some of those larger deals?" Well, I think the CEO has recently affirmed those lofty comments with the recent announcements.
NTWK will eclipse $16 before October 1 and $18 before December 1.
It is nothing more than the behavior of a micro cap stock after missing bottom line by .02/eps. I have followed the company for 3 years and the next significant run will likely not occur until the end of the quarter and Netsol issues preliminary year in guidance in July. A little gap consolidation at daily and weekly support levels... the PPS will close the $17.80 over the next several quarters.
Sentiment: Strong Buy
All the idiot JK4763 has to do is look at the raised year target to $15.80, or click on the "Analyst Opinion" link Yahoo... the guy does not read anything or follow company deal-flo..
The CEO already stated that 1 of the $10M contracts is from a top 3 Japanese global equipment manufacturer. Netsol has already begun implementation of the project and the contract is being finalized.
Do you understand that civil lawsuits are meaningless while a company is in bankruptcy court.... you are clearly delusional about EK prospects. The PPS will be at all time lows within 6 weeks at around .05/pps prior to cancellation.
As the CEO stated on the ER conference call, Netsol "will be announcing 2 contract wins at the opportune time"- true to his word, NTWK announced $4M and $5M contracts. The $10M contract is still forthcoming as the CEO stated on the ER.
Incredible entry point for a double within a year. Patience will pay handsomely.
I have inquired about the CFO situation and the response was that the complexity of their global footprint limits options to hire within the U.S. without spending a lot more money. I do believe they could have protected the stock PPS by spreading out some expenses; however, the bottom line is that Netsol is doing very well. 2014 should be an even better year than 2013 which ends in June.
More sophisticated investors understand that a good investment requires a bit of patience. A lot of "penny stock' investor over hang still exists prior to the reverse split. This is not a stock to watch daily at this point... it is going to trade sideways in a tight range until the next ER. I can wait until July, September and the end of the December quarter. Rest assured the PPS will be over $14 by then and likely closer to the $18 mark... I can wait 6 months for another 50%-75% gain.
It is not a cup & handle... more closely resembles a head and shoulders reversal; if so, it will likely just bounce off the 50day MA @ $4.75...
The CEO states that a $10M contract with a Japanese equipment manufacturer is currently being implemented (last couple minutes of the call if you want to go back and listen). Yesterday's $4M contract announcement is a very nice win; however, this deal is likely with a finance company in Thailand where Netsol does considerable business. JAPAN is NOT in Southeast Asia and the $10M contract is with a top 3 Japanese "equipment manufacturer."
IF you also add in the .08/pps lost last quarter due to the one time $700,000 software upgrade you can start to see how this company is growing. But for that one time charge, the stock would be at $16 today. The 30% sell off is part of playing micro-cap stocks... they do not behave like blue chip dividend plays. But those stocks don't double/triple either.... The PPS will double again over the next 2-3 quarters...