status is none of yer' damn business!! :-)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yep, people who sold on the news should be ready to laod 'em back up here shortly.
Let's see what happens after amatuer hour ends at 10:30.
Good time to grab some cheapies here guys/gals.
Thanks. Scotturd showing .15x.18.
PWAV - Gonna try and get in some of that one here shortly.
I'm ready bud.
Yep, gonna be interesting.
Agreed, no fluff just good solid updates.
NTWK Summary
$27M Market Cap
$45M Revenues
30c/share net income expected for 2009
40c/share cash
$1.8/share stockholder's equity
PR Recap:
01/06/09 PR
NTWK's announced that its wholly-owned subsidiary Ciena Solutions was approved as an SAP Services partner:
12/29/08 PR
NTWK announced a major long-term contract with a major Dubai commercial bank:
11/20/2008 PR
NTWK's Europe CEO Naeem Ghauri told attendees at the Middle East Investor Conference in Dubai that the backlog is "stronger than ever." His presentation started at about 10 AM. Here is the link:
Other INformation
Insiders have been consistent buyers since NTWK dipped below $2
From the latest NTWK filing:
"Company has experienced solid and consistent demand for IT services in the domestic sectors of Pakistan.
NetSol in Pakistan has been pre-qualified to participate in several public sector projects. The most significant is the World Bank funded Land Record Management Information Systems or LRMIS.
This project has a World Bank grant of $300 million in Pakistan and NetSol was given two pilot projects in the province of Punjab in 2007, and a recent one in Islamabad. NetSol anticipates winning key projects in this area in next few quarters..."
"How many start ups out there would be this transparent about such a prestigious invitation? "
Not too many in my experience. Once most of these startups PR something and it falls through by the companies choice or by other means you never here about it again. Just hosws the characters of PURO's BOD and how ther not out to scam the shareholders with, as you say, "dangling carrots".
Really like this from yesterdays PR.
Our focus at this time is to develop cash flow at the least expense and we feel that the company is in a position to first capitalize on the need for our equipment here in North America. Recent meetings with developers and utility companies in British Columbia and Alberta have made us aware of not only a huge demand for our technology, but a willingness by land developers and other parties to consider the Purio technology as their technology of first choice. Our job now is to provide the equipment in a form that is able to satisfy the need," continues English
Good morning people. Good news yesterday laying the foundation of waht to expect from this company. Good things coming here.
Thanks bud.
I don't see why that would effect us but you never know.
Satyam Computer head quits, admits doctoring books
India's Satyam Computer head quits after admitting falsifying accounts; shares plunge 78 pct
Muneeza Naqvi, Associated Press Writer
Wednesday January 7, 2009, 7:18 am EST
Yahoo! Buzz Print Related:Satyam Computer Services Ltd.
NEW DELHI (AP) -- The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been doctored for several years, shaking faith in the country's corporate giants as shares of the software services provider plunged nearly 80 percent.
The company's balance sheet -- riddled with "fictitious" assets and "non existent" cash -- contained a $1 billion hole that could no longer be concealed after a deal intended to save the struggling company was scuppered, Chairman B. Ramalinga Raju said in a letter to the board.
"Every attempt made to eliminate the gap failed," said Raju, 53. "It was like riding a tiger, not knowing how to get off without being eaten."
B. Rama Raju, managing director of Satyam Computer and the chairman's brother, also quit.
News of the fraud dragged down the benchmark Sensex stock index 7.3 percent to 9,586.88 with Satyam's shares plummeting nearly 78 percent to 40 rupees. The accounting scandal raises questions about the quality of corporate governance in India and is likely to reverberate around the region.
Satyam, which means "truth" in India's ancient Sanskrit language, had "inflated profits over a period of (the) last several years," Raju said in his letter, which was released to the Bombay Stock Exchange.
For the July-September quarter alone, operating profit of $133.4 million had been overstated by almost 11 times the actual result.
Rajeev Sampat, an independent analyst, said the amount and nature of the fraud had shocked investors.
"It is one of the biggest frauds the Indian capital market has seen. People have been taken by surprise by the gravity of the event," he said. "After overstating profit and understating debt, the company's net worth is zero."
Satyam said in a statement that it was "shocked by the contents of the letter" but the company would rally to find a way forward.
Raju said that none of the other board members had any knowledge of the company's real financial situation and apologized to all stakeholders in his letter, claiming that he had not benefitted from the doctored results.
"Neither me, nor the managing director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results," he said.
The son of a grape farmer in India's southern Andhra Pradesh state, Raju founded Satyam in 1987 and over the last two decades the company became India's fourth largest software services company. A key player in the Indian outsourcing industry, the company is listed on the New York Stock Exchange.
After getting a business degree from Ohio University, Raju first started a weaving mill and then ventured into real estate before diversifying into the software services industry.
The financial troubles at Hyderabad-based Satyam started becoming public last month when outraged investors forced the company to call off a $1.6 billion acquisition of two construction firms both partly owned by Satyam's founders, including Raju and his family.
Compounding Satyam's problems, the World Bank last month barred the company from receiving direct contracts from the bank for eight years for what the lender said were inappropriate business practices.
The Securities and Exchange Board of India, the market regulator, said it was investigating.
"We have to go beyond this letter and find out what actually has happened," SEBI chief C.B. Bhave told reporters. "This is an issue which has very serious implications. It involves the Companies Act and the violation of the listing agreement with SEBI. It also raises the issue of authenticity of accounts that have been audited and certified by the auditors."
Associated Press writer Ramola Talwar Badam in Mumbai contributed to this story.
LOL, I didn't say I would take it all off. Just lock in some prfits here but I agree the after hours was nice and there is still money to be made here short and long term.
Yeah, that sounds about right
EDIT: After a second look I would put it around the 50MA @ .90.
Nice to see some fiscal responsiblity here. All in all that is some good news.
Just make sure you get 99% of them and let us know ok? LOL.
Well you can't get them ALL TIH. LOL.
Purio Invited to UNEP-Sponsored Conference, Nairobi, Kenya
Tuesday January 6, 2009, 4:35 pm EST
BLAINE, WA--(MARKET WIRE)--Jan 6, 2009 -- Purio (OTC BB:PURO.OB - News) today confirmed that it has received an invitation to present and demonstrate its patented technology and related equipment at an upcoming world conference to be held in Nairobi, Kenya in February of 2009, sponsored by the United Nations Environment Program.
"Purio has obviously attracted the attention of UNEP in that the invitation extended to Purio was unsolicited and limited to 25 companies worldwide," said Daryl English, President of Purio, who went on to say, "I thoroughly considered the benefits of our attendance at the program with the offsetting considerations related to pressing and more immediate development of commerce in closer locations."
"It is well known that the Continent of Africa is experiencing a water crisis in some regions and we will make ourselves available to address the outcries of those regions as soon as we are able to as a company. We are already engaged in discussions regarding our entry into West Africa and, as expected, we are finding that much coordination is required between the receiving nations, sponsoring agencies from which most or all of the money is to come, and our company," explains Mr. English.
"Purio is already receiving a steady inflow of inquiries from around the world and each situation presents us with an economic opportunity. Our focus at this time is to develop cash flow at the least expense and we feel that the company is in a position to first capitalize on the need for our equipment here in North America. Recent meetings with developers and utility companies in British Columbia and Alberta have made us aware of not only a huge demand for our technology, but a willingness by land developers and other parties to consider the Purio technology as their technology of first choice. Our job now is to provide the equipment in a form that is able to satisfy the need," continues English.
"These challenging economic times are placing demands on the management of Purio to make tough choices both in the best interest of our stockholders and in the economic interests of the company. We have decided to focus our attention on the most immediate avenues to commerce and to respectfully decline the invitation to Nairobi at this time. We would welcome the opportunity to consider a similar invitation at a future date if that might come to pass."
About Purio Inc.
Purio owns proprietary water clarification technology suitable to a broad number of applications including the clarification of surface water, industrial process water and sewage. Purio intends to apply its technology initially to industrial and commercial applications to reclaim water and reduce the need for fresh water in such applications. Purio further intends to use its proprietary technology to produce potable water for commercial and residential use. Purio will commercialize its technology via a number of channels, namely licensing strategic partners to build and sell &/or operate units outside of North America, outright sale of their second generation (patent pending) units to end users and will build, own and operate on a fee for service basis their larger permanent installation units in North America. Website: http://www.puriowatertech.com/.
Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Since the forward-looking statements relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Such forward-looking statements in this press release include, among others, that the company will receive future invitations from UNEP or attend any conferences
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) the Company's ability to obtain and maintain adequate working capital requirements to operate Purio's business; (ii) the Company's ability to obtain necessary permits and approvals to operate Purio's business; (iii) the Company's ability to market and sell clarified water; and (iv) the Company's ability to negotiate and consummate license agreements for its water purification equipment. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time to time with the Securities and Exchange Commission and available at http://www.sec.gov/.
Contact:
Contact:
Shawn Van Damme
Investor Relations
1-877-512-1120
e-mail: svd@puriowatertech.com
Correct. Real petty at this point in time.
Exactly. Worst case scenario 55 Mill OS. OHHHHH THE HORROR!!! LOL.
I mean come on. All this hub-bub about at MOST 27 million shares that could potentially NOT defintely hit the market, with over half of those being owned by the BOD. Talk about nitpicking. IF they raise the AS then we MIGHT be able to bitch a little. LOL
You mean there is a possiblity that 13 million shares will be sold in Feb???? That's it I'm done with this one. I mean who the hell would want to own a stock with an OS of roughly 38 million if all those shares were actually sold!!!! PFfftttt, I think I am going bck to those stocks that DON"T report anything, has a gagged TA, and the OS is in the billions!!!!!
NTWK Chart looking overbought here but has some room stil to move up to the 75MA. May take some off here and keep the majority for the long term and add back on the dip to .90 support to build my long term stash.
Chart looking overbought here but has some room to move up to the 75MA. May take some off here and keep the majoority for the long term and add back on the dip to .90 support to build my long term stash.
NTWK - Finished HOD again @ 1.01.
LOL, Yeah I wonder???
Come on peole SPANK DAT SUM B!&CH!!!!
Would be nice to close at .17 or .175. No hurry though, it's building a good solid base right here at the .16 level.
And the third better than the second???
Thinking you just might get your wish.
BS BS BS BS BS BS BS LOL !!!!
That is correct moneyeve. Have some patience here and all will be fine.
NTWK $1.00!!!!!
There's that $1.00!!!
Also Wells Fargo just purchased about 3 million shares. Could go to a buck real easy.
NTWK needs to consolidate a bit here. May want to take a bit off the table if you're in.