WE SO BADLY NEED REAL COMPARITIVE MARKET DATA

This is an excellent representation and comparables. According to this data:
NET is overvalued,
The CEO is overpaid by 7x compared to other Aus companies of similar size.
NET has underperformed by 80% vs the Aus software industry.
Institutions comprise only 13% of shareholders of which 11% is a related party Strategic Capital Management;
Losses are increasing at 27% per year.
It will run out of cash within a year (more cap raises anyone?)

Sobering stuff.

We are all indebted to your analysis jcallaway. THe fact that the CEO Mr Tsiolis has reduced his shareholding and SCM has increase their shareholding may not be a coincidence. NET has been underperforming and losing money like it is going out of fashion. The only winner is a CEO that can only claim to be making promises and is paid for it.