I just had a thought.
Maybe...just maybe...I mean just maybe....Principals Funds Management is going to buy out all the shares in NET.
If that is the case the beleaguered shareholders that have been on the receiving end of one failed promise after another could see some of their money returned.
The investors in Principals will then be stuck with VIN software that is ancient and of very questionable value, the reputation of a company that has done a lot of capital raisings and has never ever made a profit. The other bad thing is they will still have the CEO of NET living in their Stanley Street HQ for NET.
Come to think of it what ever happened to Strategic Capital Management (Tsiolis was the CEO and founder of that as well)? Like NET it does not have a telephone number or an address and I think it has gone out of business after a very colourful past. Sounds like NET.
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