Country Bob, I'm with you on this one. All their announcements are fluffy and have very little new hard information, certainly none that answers shareholders' concerns about profitability. I am also concerned that China telecom control the whole deal, from clients, billing, revenue collection, discounts, fee extraction, marketing effort, etc. From your numbers, NET is a miniscule part of the China telecom business and I would hardly think a priority for them. Your point about the Dec 2015 company announcement is valid. Management has a habit of making hyperbolic announcements about its directors and revenues - all of which disappear into cyberspace only to be followed by another cap raise and dilution of OUR interests. Have all those 800,000 users disappeared into cyberspace too or were they just a figment of management's imagination? I am sick of hearing how big the China market is. I'd rather hear how much CASH is coming in the door. Meantime, the cash burn continues.
NET Price at posting:
3.9¢ Sentiment: None Disclosure: Held
(20min delay)