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Country Bob I am one of the lucky ones that dodged the bullet on...

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344 Posts.

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21/04/20

17:22

Post #: 44171216
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Originally posted by country bob: ↑

Well written H. As always we don't have definitive answers yet because that will only happen when NET folds forever (and you are right) or succeeds and the SP continually improves (and you are wrong). Your arguments seem mostly legitimate at this point.

The other side of the story is that the myriad of projects they have commenced all over the place do actually produce a few successes and the combination of multiple income sources delivers enough gross income to get this thing going and turn it into a real business instead of an imaginary business.

I have bothered to do my own research by going back over announcements.

I have noted that since JT became Executive Chairman on 1/6/2017 (yes, nearly 3 years ago), NET has been linked to the following businesses:
- China Telecom in numerous cities and provinces across China
- Whitehorse Technologies
- Suzhou Fu Ju Cloud Technology (SFJ)
- iSoftstone
- Bluetech (again)
- Grant Thornton
- JAST Limited
- Beijing Digital Telecom
- DI Advisory
- SSI
- ONYX
- World Bank project for Jiajiang Qingyi Water Plant
- Pinnacle (Shanghai) Information Consultation Ltd

JD.com was mentioned but as far as I know no formal agreement ever disclosed

It seems reasonable to believe that some of these might actually generate some income for NET. It just isn't logical that all of these entities would bother getting involved if they didn't believe there was something in it for them.

I"m not expecting the 4C to surprise. I'm expecting to put another gold coin in the Next Quarter jar, but I do believe that this will gain traction, albeit many years later than many of us would have liked.

I did note while I was reading the announcements the continual referencing to the size of the population in whatever city/province they were referring to. The suggestion is always that because there are so many people they will make significant sales. That all sound great. 1% of China's population is just over 10 million people. If they can sell to only 1% then this succeeds. 1% for a disruptive game changing technologically in a working from home environment perfectly suited to what they are supposed to have to sell.......... they should have achieved that already. 1% of the population - that's like family and friends selling.

There was even a twitter post suggesting there "was an Australian company getting people back to work in China, via an extremely secure remote working solution ........" I doubt we will ever find out how many people that was but I sense a massive opportunity missed.

At the end of the day, as always, personal views will only be confirmed when they go broke or they SHOW US THE MONEY.

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Country Bob I am one of the lucky ones that dodged the bullet on this company and avoided buying in at what is a ridiculous price even from a few weeks ago. All the businesses that JT has linked to NET that you have specified represent the announcement effect that entices unsuspecting investors to buy into NET. At the same time others find this as an opportunity to dump their shares in a company that is perpetually making announcements and failing to deliver. The acquisition of SSI and AOFA are totally incomprehensible. Yet NET seems to find more people to provide capital and dilute existing shareholders even further.

NET Price at posting: 4.6¢ Sentiment: Sell Disclosure: Not Held
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