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Re: AugustaFriends post# 348414

Thursday, 07/02/2015 3:09:03 PM

Thursday, July 02, 2015 3:09:03 PM

Post# of 658622
NETE was taken down just for that main reason we are talking about. They had a TON of debt at one point in time. A year ago they were sitting on 35 million in debt or so. The debt payments were causing their expense to go up as well. In the last few months they have paid off almost all their debt and watched their sales start to take off. Also the issues with the russian sanctions has played on them as well. Now they have about 4 million in total debt. They have growing sales. They have much improved uncollected debt on their accounts. Their expenses have been cut by over a million as well. They are about to take over payonline that has no debt and does decent numbers from what I have read. The have just landed new contracts. They are really close to landing some new mobile deals in the middle east as well. This has been beaten and left for dead and they are doing totally the opposite. When payonline is completed I bet they see big improvements to their bottom line. Would not shock me to see them go EPS positive in another Q or two.

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