The company, regardless of what has happened in the past, of which I am on record on this forum remarking about, under my actual name, I urge others to try that out, the company is doing a reset under a new compliance lens that was either imposed or adopted under a compliance review.
Thus the New Chairman, who I was surprised had signed on to this boat, seems to be imposing a full set of remediative measures, to have a date bridge of a cleaned up Financial framework. A lot of hard legal work went into all this, someone wants this to be OK.
I do not think NET could have raised this latest, and much needed, but dilutive tranche, without this remediative map in place, and without an acquisition value jump in hand. Something mentioned in the EGM presentation, a document filled with a lot of vague pointers to this fact.
Finally, NAAS, is a provocative platform to lay claim too, this late in the ball game, like a lot of Tech buzzwords, it means something, or nothing, depending on your experience.
Listen to Oracle's and Larry Ellison's presser yesterday, to realize how the buzzword meme world works. Not saying NAAS is bad, but in a paragraph in the EGM, they talk about "Hardware" or "Appliance", a market pivot that is very capital intense, which seems problematic to this share overhang. You need a banger move.
This document is the disclosure of legality, to deal with the overhang, I am on record as suggesting a reverse split, in combination with a second preferred equity class, they have largely cleaned the debt up.
All this tells me that these machinations will lead to the "Penny" stock, jumping, and that the AUX has stepped in to make it as fair as it can be.
My sentiment was switched to buy, I hold no shares, because in my country, I am both an insider and whistle blower.
I comment because HC allows me, sometimes, the last time I communicated with JT - 2019, MG wrote me an email, no other contact with me, I send JT emails and articles, suggesting alternatives, as JT requested me to do, since he first met me in 2016.
All stocks are a risk, the share overhang here is daunting, proceed at your own apatite.
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