NET is sounding more and more like some kind of a ghost of a company. NET claims they have 10,000 sales reps in China yet there is no recurring revenue. How can that be? NET says they have sales people in the US yet there is no revenue there either. The longer NET stays in business the more losses they accumulate and the more persistent their capital raisings. There are so many promises and no delivery. NET does not even have a secretary in their new office in Stanley street. The secretary is outsourced to a firm in QUeensland. The head office in 65 Stanley Street is actually the place of residence of the CEO! This must be declared to shareholders.
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