The question now is
Is Net a Financially viable ongoing concern.
They qualified last time by spending 10 million on SSI, which contributed 15 million in sales.
They raised 10, with help of the Touters, to buy 15 million, they did not create this with VSN product sales, they spent Ten Million to buy enough to be an ongoing concern.
Now many New Directors and employees later, they seem to no longer be giving Ann's about China, Japan, and India, but are now boasting about Greece. A country half the size of Australia, that has been in Financial shambles for the last twenty years. Mama Mia.
What might we see next, well maybe an acquisition offer for NET from Greece, maybe a Greek acquisition like SSI, but at present they cleared a lot of debt, pay themselves well, operate out of a residence, borrowed some high net worth hot money, and have gone quiet, which is their right to do.
China is a massive quiet investor, in Greece and Greek debt.
The stock is being accumulated, the fact that it is, and being bought by JT, is not necessarily bad, as some here pointed out. Those that want out of the stock are being given a window, but no panic has happened or is being whispered.
The balance sheet and accounts are way stretched, the billions of shares are beyond unwieldly, war with the companies declared biggest customer seems more likely every day. Has anyone ever unearthed an Org Chart, of a more detailed description of expenses, a lot of professionals, and organizations have been paid a lot of money over the last 5 years.
At present you have to bet that JT would not have gone to this trouble and exposure, unless he had an end game. Greece and Australia recognize reciprocally, any and all extralegal contraventions.
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The question now isIs Net a Financially viable ongoing...
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