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Sollenne / ACES
Sollenne: http://www.google.com/search?hl=en&lr=&safe=off&q=%22Peter+R.+Sollenne%22&btnG=Googl...
http://www.secinfo.com/$/SEC/Name.asp?X=peter+r%2E+sollenne
http://www.sosstaffing.com/sollenne.html
ACES: http://www.acesintl.com/boardofdirectors.htm
http://www.google.com/search?hl=en&lr=&safe=off&q=%22Aces+International%2C+Inc%22&bt...
---------------------------------------------------------------------------------------------------------------------
Moynagh / Inktomi
http://www.google.com/search?hl=en&lr=&safe=off&q=Moynagh+Inktomi&btnG=Google+Search
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Eddy Verresen:
http://www.leathernet.com/memberboard/view.cfm?Message_ID=1020&Board_ID=4
http://www.google.com/search?hl=en&lr=&safe=off&q=%22E+Verresen%22&btnG=Google+Searc...
Ostrich = Struis and Verresen as founder of breeders/holders - No mention on the net, but Leather sale advertizement email is bsh@...:
http://www.google.com/search?q=cache:fc62d80c8dd57875:www.shoeinfonet.com/leath/lra_be.htm+ostrich+V...
http://www.google.com/search?hl=en&lr=&safe=off&q=ostrich+Verresen&btnG=Google+Searc...
http://www.google.com/search?hl=en&lr=&safe=off&q=Struis+Verresen&btnG=Google+Search
http://www.google.com/search?hl=en&lr=&safe=off&q=Struisvogelhouderij&btnG=Google+Se...
-----------------------------------------------------------------------------------------------------------------------
Kr
Jens
Martin/Emerge: Probably this Emerge Corporation (though Martin not currently mentioned there)
http://www.emerge.com/about/corp_bios.asp?SessionID=13522943051929.2
http://internetmergers.com/pages/about_emerge.htm
Martin ? former ICE Holdings ?: Filing 7.9.1997 http://www.secinfo.com/dXXqj.84.htm#6thPage
Mr. Gregory J. Martin, Sole Director, President, Chief Executive Officer,
and Secretary, is an international business executive and management
consultant. He has 13 years general and technical management experience in
aviation operations and defense aerospace systems. He also served for 13
years as a Naval Officer and Naval Aviator in a variety of roles including
department head, maintenance officer, mission commander, flight instructor,
and maintenance test pilot. For two years he worked as a Systems Analyst
for Vitro Corporation managing operational test and evaluation of ASW
Helicopters, under a contract to the Naval Space and Warfare Systems
Command. For the last five years he has been active in international
business in a variety of roles including Managing Director of Claridge
House, Ltd., a Hong Kong firm, and President of PowerTech International,
Inc., a start-up international business consulting firm. Mr. Martin has a
B.S. in Physical Science from the U.S. Naval Academy, and an executive
level, international business MBA from the University of Southern
California's IBEAR Program.
--
Ice Holdings 9.15.1997 http://www.secinfo.com/dV179.81Ws.htm#5thPage
RESIGNATION OF OFFICER AND DIRECTOR
TO: ICE Holdings, Inc.
2102 Business Center Drive, Suite 130
Irvine, CA 92715
I, Gregory J. Martin, hereby tender my resignation from all capacities
served at ICE Holdings, Inc., including, but not limited to President, Chief
Executive Officer, Secretary, and Director, effective this 22nd day of August,
1997. In connection with my resignation, I hereby concurrently terminate my
Employment Agreement with ICE Holdings, Inc.
DATED this 22nd day of August, 1997
/s/ Gregory J. Martin
---------------------
Gregory J. Martin
-----------------------------------------------------------------------------------------------
Kr
Jens
NetSol Shareholders Group, LLC Files Amended Preliminary Proxy to Expand
Board of Directors of NetSol International, Inc. and to Nominate 7 New Directors
LOS ANGELES, May 17, 2001 (BUSINESS WIRE) -- NetSol Shareholders Group, LLC,
whose members hold over 25% of the outstanding shares of NetSol International,
Inc. (Nasdaq:NTWK) today amended their preliminary proxy statement to propose an
increase in the size of the Board of Directors of the Company and elect seven of
their nominees. The Shareholders Group's proposed nominees include Jonathan D.
Iseson, principal of Blue Water Partners, L.L.C., Gregory J. Martin, formerly
with Emerge Corporation, Peter R. Sollenne, President and CEO of Aces
International, Inc., Timothy J. Moynagh, Senior Business Solutions Manager of
Inktomi Corporation, Eddy Verresen, founder of BSH-Belgische
Struisvogelhouderij, Shelly Singhal, Managing Director of Technology Investment
Banking for BlueStone Capital Corp., and Donald Danks, CEO of Netgateway, Inc.
(OTCBB:NGWY).
BE SURE TO READ THE DEFINITIVE PROXY STATEMENT OF THE SHAREHOLDERS GROUP WHEN IT
IS AVAILABLE BECAUSE IT CONTAINS IMPORTANT INFORMATION. The Shareholders Group
has filed an Amended Preliminary Proxy Statement and Schedule 13D amendment with
the Securities and Exchange Commission describing their intended course of
action. Information about the participants may be found in the Amended
Preliminary Proxy Statement filed by the Shareholders Group which may be
obtained for free at the web sites of the Securities and Exchange Commission at
http://www.sec.gov.
FORWARD-LOOKING STATEMENTS
This press release contains predictions, estimates and other forward-looking
statements which include, but are not limited to, statements regarding the
group's future plans. These statements are subject to risks and uncertainties
and actual results may differ materially from any future performance suggested
above. The parties issuing the release undertake no obligation to publicly
release any revisions to these forward-looking statements, which may be made to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
CONTACT: For NetSol Shareholders Group, LLC:
Greenberg Traurig, LLP, Santa Monica, Calif.
John C. Kirkland, Esq., 310/586-7738
kirklandj@gtlaw.com
Kr
Jens
NetSol International To Hold Third Quarter Conference Call On May 15
CALABASAS, Calif.--(BUSINESS WIRE)--May 15, 2001--NetSol International Inc. (NASDAQ:NTWK - news) plans to hold a conference call to discuss its second quarter results on Tuesday, May 15, 2001 at 4:30 p.m. EST. Najeeb Ghauri, Chief Executive Officer, and Rick Poole, Chief Financial Controller, will present on the call. The Company will release its third quarter results at 4:00 p.m. EST on Tuesday.
The conference call is accessible by telephone (888-232-1251 in the U.S., 706-634-5936 outside the U.S.) and via the Internet at the Company's web site, www.netsol-intl.com. In light of the pending proxy contest initiated by a group calling themselves the NetSol Shareholders LLC, NetSol - on advice of counsel - will not have question and answer session at the conclusion of the conference call. An on-demand replay will be available for seven days at www.netsol-intl.com.
NetSol International Inc. is an ISO-9001 certified software developer in the global information technology industry. With an international workforce of more than 400 employees, NetSol specializes in software development, proprietary and asset-based leasing and finance programs, IT consulting, and creation of eBusiness and Web-based solutions for a growing list of blue-chip customers worldwide. Clients include Daimler Chrysler Taiwan; Mercedes Benz Financing, Australia; Mercedes Benz Leasing, Thailand; Volvo Finance, Australia; CFS Groups U.K., St. George Bank, Australia; GMAC in Australia, and Debis Porfolio Systems, U.K. For more information about NetSol and its subsidiaries, visit the company's web site at www.netsol-intl.com.
Safe Harbor Statement
This release contains forward looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words ``believe,'' ``expect,'' ``anticipate,'' ``intend,'' variations of such words, and similar expressions identify forward looking statements, but their absence does not mean that the statement is not forward looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include those factors discussed in the Company's filings with the United States Securities and Exchange Commission, including its annual report on Form 10-KSB and quarterly reports on Form 10-QSB. NetSol International Inc. undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrences of unanticipated events. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only as of the date of this release. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
--------------------------------------------------------------------------------
Contact:
Cramer-Krasselt
Amy Dolnick, 312/616-3823
adolnick@c-k.com
Kr
Jens
NetSol International Reports Third Quarter Results
CALABASAS, Calif., May 15, 2001 (BUSINESS WIRE) -- NetSol International, Inc.
(NASDAQ: NTWK), today announced results for its third quarter ended March 31,
2001. Highlights of the quarter include:
-- In response to the changing business environment, NetSol made
strategic decisions to scale down its network focused and
e-commerce operations in the U.K. and Germany. As a result,
the Company took a one-time non-cash charge of $614,532 due to
its divestiture of the German subsidiary in the third quarter.
As a result of the scaling down in the UK, NetSol is taking a
one-time non-cash charge to earnings of approximately $1.2
million, for impairment losses on purchased intangible assets.
NetSol has incurred losses in fiscal year 2001 of
approximately $450,000 related to this subsidiary. With this
action, NetSol believes it has taken a positive step in
greatly reducing further operating losses for this subsidiary
in its fiscal fourth quarter.
-- While overall sales results were flat in the quarter as
compared to the same quarter last year, NetSol secured
business with customers in key markets, such as Volvo Finance
Australia. The Company also strengthened its partnership with
Daimler Chrysler in Asia. Due to its acquisition of Intereve
Corporation, located in California, the Company also added
Wells Fargo and Emtera to its customer base.
-- Revenues for the Company's domestic operations account for 40%
for the quarter, compared to 26% of the same quarter in fiscal
2000, reflecting the Company's increased marketing and
business development in these regions.
-- While the Company is reducing costs in targeted areas, it
continues to build its business development teams and will
launch a significant marketing effort in the U.S. to sell its
products and services.
"While we are clearly disappointed with the quarter's overall financial results,
the NetSol team has taken definitive steps to face the challenges of the current
business climate," said Najeeb Ghauri, CEO of NetSol International. "We continue
to bid on numerous large projects globally, and move forward in focusing our
business operations and growth strategy on our core competency of software
development and services. Despite the slowdown in the technology sector, we are
showing increased revenues from our core business. Going forward, Management is
optimistic that our core competency will continue to grow."
"In the third quarter NetSol posted increased sales in our domestic and key
international markets, while our management team scaled down operations in our
Internet-focused subsidiary in the U.K., and divested our e-commerce operations
in Germany. We expect that these decisions will result in more favorable results
for the Company and our shareholders."
NetSol's financial results are as follows:
For the quarter, the company posted revenues of $1,850,249, compared to
$1,858,348 in the prior year's quarter. Current year to date revenues are
$5,761,234 as compared to $5,051,93 for the prior year, an increase of 14%.
Gross profit in this year's third quarter was $942,019, or 51 percent of net
revenues. This compares to gross profit of $1,132,864 in the year earlier
quarter. The 51% gross profit represents an solid improvement from our gross
margins for our last two fiscal year ends.
NetSol reported a loss from continuing operations (excluding the one time
non-cash charge of $1,236,593 for impairment loss) of $1,138,676, or $0.10 loss
per basic and diluted share, for the quarter just ended, with approximately 11.3
million weighted average shares outstanding. In the comparable quarter of fiscal
2000, the company posted a loss from continuing operations of $797,603, or $0.08
per basic and diluted share, with approximately 9.6 million average shares
outstanding. The current quarter loss from continuing operations includes
non-cash charges of $277,733 for depreciation and amortization and $235,228 for
bad debt expense.
NetSol International Inc. is an ISO-9001 certified software developer in the
global information technology industry. With an international workforce of more
than 400 employees, NetSol specializes in software development, proprietary and
asset-based leasing and finance programs, IT consulting, and creation of
eBusiness and Web-based solutions for a growing list of blue-chip customers
worldwide. Clients include Daimler Chrysler Taiwan; Mercedes Benz Financing,
Australia; Mercedes Benz Leasing, Thailand; Volvo Finance, Australia; CFS Groups
U.K., St. George Bank, Australia; GMAC in Australia, and Debis Porfolio Systems,
U.K. For more information about NetSol and its subsidiaries, visit the company's
web site at www.netsol-intl.com.
(EDITOR'S NOTE: FINANCIAL TABLES TO FOLLOW)
Safe Harbor Statement
This release contains forward looking statements relating to the development of
the Company's products and services and future operation results, including
statements regarding the Company that are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
projected. The words "believe," "expect," "anticipate," "intend," variations of
such words, and similar expressions identify forward looking statements, but
their absence does not mean that the statement is not forward looking. These
statements are not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict. Factors that
could affect the Company's actual results include the progress and costs of the
development of products and services and the timing of the market acceptance of
those products and services. A more detailed description of certain factors that
could affect actual results include those factors discussed in the Company's
filings with the United States Securities and Exchange Commission, including its
annual report on Form 10-KSB and quarterly reports on Form 10-QSB. NetSol
International Inc. undertakes no obligation to update publicly any
forward-looking statements to reflect new information, events or circumstances
after the date of this release or to reflect the occurrences of unanticipated
events. Readers are cautioned not to put undue reliance on forward-looking
statements, which speak only as of the date of this release. The company
disclaims any intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events or for any
other reason.
NETSOL INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
March 31, 2001
ASSETS
CURRENT ASSETS:
Cash $ 1,013,559
Accounts receivable, less allowance for
doubtful accounts of $645,228 $ 3,652,305
Revenue recognized in excess of billings $ 195,150
Other current assets $ 331,471
------------
Total current assets $ 5,192,485
PROPERTY AND EQUIPMENT, net of accumulated
depreciation and amortization $ 3,341,335
OTHER ASSETS $ 1,452,837
INTANGIBLES:
Product license, renewals, enhancements and
copyrights, net $ 4,408,890
Customer lists, net $ 2,235,205
Goodwill, net $ 5,841,706
------------
Total other assets $ 12,485,801
------------
$ 22,472,458
============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 2,569,415
Current maturities of obligations under capital
lease $ 209,011
------------
Total current liabilities $ 2,778,426
DEFERRED TAX LIABILITY $ 2,700,000
OBLIGATIONS UNDER CAPITALIZED LEASES, less current
maturities $ 299,144
STOCKHOLDERS' EQUITY:
Common stock; $.001 par value, 25,000,000 shares
authorized, 11,621,669 shares issued and
outstanding $ 11,622
Common stock receivable $ (68,650)
Additional paid-in capital $ 29,652,181
Other comprehensive loss $ (1,422,648)
Accumulated deficiency $(11,477,617)
------------
Total stockholders' equity $ 16,694,888
------------
$ 22,472,458
============
NETSOL INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Three months Three months Nine months Nine months
ended ended ended ended
March 31 March 31 March 31 March 31
2001 2000(a) 2001 2000(a)
---- ------- ---- -------
REVENUES:
Services
and other $ 1,520,725 $ 1,555,892 $ 4,628,738 $ 4,064,248
Licenses $ 329,524 $ 302,456 $ 1,132,496 $ 987,345
------------ ------------ ----------- -----------
$ 1,850,249 $ 1,858,348 $ 5,761,234 $ 5,051,593
COST OF
REVENUES $ 908,230 $ 725,484 $ 2,724,842 $ 1,700,406
------------ ------------ ----------- -----------
GROSS PROFIT $ 942,019 $ 1,132,864 $ 3,036,392 $ 3,351,188
50.91% 60.96% 52.70% 66.34%
OPERATING
EXPENSES:
Depreciation
and amortiz-
ation $ 277,733 $ 287,360 $ 916,097 $ 1,056,655
Professional
Services $ 362,728 $ 266,047 $ 969,309 $ 761,311
Provision for
bad debts $ 235,228 $ - $ 660,630 $ 24,750
Impairment of
intangible
assets $ 1,236,593 $ - $ 1,236,593 $ -
General and
administra-
tive $ 1,305,855 $ 1,366,218 $ 3,465,022 $ 3,474,086
------------ ------------ ----------- -----------
TOTAL OPERATING
EXPENSES $ 3,418,137 $ 1,919,625 $ 7,247,651 $ 5,316,802
OTHER
INCOME/
(EXPENSE) $ 100,849 $ (10,842) $ 225,082 $ (45,963)
------------ ------------ ----------- -----------
LOSS FROM
CONTINUING
OPERATIONS $ (2,375,269) $ (797,603) $(3,986,177) $(2,011,576)
DISCONTINUED
OPERATIONS:
Loss from
operations of
discontinued
division $ 266,479 $ 436,028 $ 657,965 $ 590,898
Loss on
disposal of
division $ 614,532 $ - $ 614,532 $ -
------------ ------------ ----------- -----------
$ (881,011) $ (436,028) $(1,272,497) $ (590,898)
------------ ------------ ----------- -----------
NET LOSS $ (3,256,280) $ (1,233,631) $(5,258,674) $(2,602,474)
============ ============ =========== ===========
NET LOSS PER SHARE -
CONTINUING OPERATIONS
Basic and
diluted $ (0.21) $ (0.08) $ (0.36) $ (0.21)
============ ============ =========== ===========
NET LOSS PER SHARE -
DISCONTINUED OPERATIONS
Basic and
diluted $ (0.08) $ (0.05) $ (0.11) $ (0.06)
============ ============ =========== ===========
WEIGHTED AVERAGE SHARES OUTSTANDING -
Basic and
diluted 11,341,948 9,600,865 11,083,012 9,389,398
============ ============ =========== ===========
(a) Restated for business combinations accounted for under the
Pooling of Interest method.
CONTACT: Cramer-Krasselt
Amy Dolnick, 312/616-3823
adolnick@c-k.com
Kr
Jens
NetSol International, Inc. Announces Divestiture of German Subsidiary and
Scale Down of U.K. Subsidiary Operations
CALABASAS, Calif., May 14, 2001 (BUSINESS WIRE) -- NetSol International Inc.
(NASDAQ: NTWK, www.netsol-intl.com) announced today that it has divested itself
of its German subsidiary, Supernet AG. The terms of the divestiture call for
NetSol to pay a one-time fee of approximately $160,000. NetSol is expecting to
record a one-time charge to earnings of approximately $615,000, which includes
the one-time fee as well as a write-off of net assets. As a result of this
action, NetSol was able to divest itself of more than $600,000 of liabilities.
The formal agreement was signed on May 1, 2001, and will be closed on May 21.
NetSol, in following professional accounting literature, has recorded this
divestiture in the third quarter ended March 31, 2001 as a discontinued
operation.
NetSol also announced it is moving forward on its previously declared intention
to significantly scale down its U.K. subsidiary, Network Solutions Group, which
was acquired in August 1999. As a result of this scaling down, NetSol is taking
a one-time non-cash charge to earnings of approximately $1.2 million, for
impairment losses on purchased intangible assets. This charge will appear in the
financials for the third quarter ended March 31, 2001. NetSol incurred losses in
fiscal year 2001 of approximately $450,000 related to this subsidiary.
NetSol's third quarter earnings will be released tomorrow, Tuesday, May 15.
NetSol International Inc. is an ISO-9001 certified software developer in the
global information technology industry. With an international workforce of more
than 400 employees, NetSol specializes in software development, proprietary and
asset-based leasing and finance programs, IT consulting, and creation of
eBusiness and Web-based solutions for a growing list of blue-chip customers
worldwide. Clients include Daimler Chrysler Taiwan; Mercedes Benz Financing,
Australia; Mercedes Benz Leasing, Thailand; CFS Groups U.K., St. George Bank,
Australia; GMAC in Australia, and Debis Porfolio Systems, U.K. For more
information about NetSol and its subsidiaries, visit the company's web site at
www.netsol-intl.com.
Safe Harbor Statement
This release contains forward looking statements relating to the development of
the Company's products and services and future operation results, including
statements regarding the Company that are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
projected. The words "believe," "expect," "anticipate," "intend," variations of
such words, and similar expressions identify forward looking statements, but
their absence does not mean that the statement is not forward looking. These
statements are not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict. Factors that
could affect the Company's actual results include the progress and costs of the
development of products and services and the timing of the market acceptance of
those products and services. A more detailed description of certain factors that
could affect actual results include those factors discussed in the Company's
filings with the United States Securities and Exchange Commission, including its
annual report on Form 10-KSB and quarterly reports on Form 10-QSB. NetSol
International Inc. undertakes no obligation to update publicly any
forward-looking statements to reflect new information, events or circumstances
after the date of this release or to reflect the occurrences of unanticipated
events. Readers are cautioned not to put undue reliance on forward-looking
statements, which speak only as of the date of this release. The company
disclaims any intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events or for any
other reason.
CONTACT: Cramer-Krasselt
Amy Dolnick, 312/616-3823
adolnick@c-k.com
Kr
Jens
Seems as if the inside of the "wanna-take-over-bunch" lost their tongue on the message boards.
Perhaps the insanity of trying to take over with 26% suddenly struck them - Or were they "sane" from the beginning and just tried (failed) to make a concerted attempt to move(manipulate) the market ? - Realizing that either option makes the "W-T-O-B" look either stupid or crooked, one must wonder if there are any other choices to choose from ??????????
-------------------
BW did some trading this year:
http://www.insidertrader.com/freestuff/search.asp?search=2&criteria=BLUE+WATER+MSTR+FD+LP
Kr
Jens
Thanks - The Link to stockpatrol article:
http://www.stockpatrol.com/schlock/doghouse/netsol5.html
Kr
Jens
Right, could not agree more - In my very humble opinion those are both the true and the right words.
This part may indicate more trouble going BW's way:
NetSol currently is considering all of its alternatives with respect to the actions of Blue Water Master Fund involved in the proxy solicitation.
Kr
Jens
Kr
Jens
NetSol International Resists Shareholder Attempt to Control Board
CALABASAS, Calif., May 3, 2001 (BUSINESS WIRE) -- The management team of NetSol
International, Inc. (NASDAQ:NTWK; www.netsol-intl.com) announced today that its
board of directors intends to vigorously resist a shareholder proposal to elect
a new board of directors.
"NetSol just reorganized its business to focus on its core competencies and is
extremely well positioned to maximize long-term value for its stockholders,"
NetSol's President Salim Ghauri, stated. "Throughout the past year, we have
developed key relationships with offshore customers, including Daimler Chrysler,
Singapore, Daimler Chrysler, Australia and Daimler Chrysler, Taiwan.
Additionally, we have continued to grow our pool of superior offshore software
developers. With the current management's strong IT background, NetSol is poised
to leverage these relationships to offer its products and IT services
worldwide," he added.
The four shareholders seeking to replace the board are led by Blue Water Master
Fund, a Netherlands, Antilles based hedge fund, and are believed to hold
approximately 25 percent of Netsol's outstanding common stock.
"Those candidates on the proposed slate do not have the skills required to
execute the NetSol business plan," stated Najeeb Ghauri, NetSol's chief
executive officer. "If those investors at Blue Water Master Fund had wanted to
maximize long-term stockholder value, they would have proposed a slate
consisting of people who understand the running of a complex offshore software
delivery engine - not one that includes a hospitality executive for a Formula
One race car concern and two Wall Street financiers."
NetSol International, Inc. anticipates filing a proxy statement in opposition to
the proposal to replace the Board. NetSol currently is considering all of its
alternatives with respect to the actions of Blue Water Master Fund involved in
the proxy solicitation.
About NetSol International Inc.
NetSol International Inc. is an ISO-9001 certified software developer in the
global information technology industry. With an international workforce of more
than 400 employees, NetSol specializes in software development, proprietary and
asset-based leasing and finance programs, IT consulting, and creation of
eBusiness and Web-based solutions for a growing list of blue-chip customers
worldwide. Clients include Daimler Chrysler Taiwan; Mercedes Benz Financing,
Australia; Mercedes Benz Leasing, Thailand; Volvo Finance Australia;
International Decision Systems, Inc.; St. George Bank, Australia; GMAC in
Australia; Debis Portfolio Systems, U.K.; VoiceStream; Prism Inc, USA; Global
One, USA; Clinical Interactions and Askari Leasing Ltd. For more information
about NetSol and its subsidiaries, visit the company's web site at
www.netsol-intl.com.
Safe Harbor Statement
This release contains forward looking statements relating to the development of
the Company's future business plans, products and operating results, including
statements regarding the Company that are subject to certain risks and
uncertainties that could cause actual events results to differ materially from
those projected. The words "believe," "expect," "anticipate," "intend,"
variations of such words, and similar expressions identify forward looking
statements, but their absence does not mean that the statement is not
forward-looking. These statements are not guarantees of future performance and
are subject to certain risks, uncertainties and assumptions that are difficult
to predict. Factors that could affect the Company's actual results include the
progress and costs of the development of products and services and the timing of
the market acceptance, and other factors described in the company's filings with
the Securities and Exchange Commission (SEC), including its Annual Report on
Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as of the date
hereof. The Company assumes no obligation to update information contained in
this release.
CONTACT: Cramer-Krasselt
Amy Dolnick, 312/616-3823
adolnick@c-k.com
Kr
Jens
This whole thing has nothing to do with management of NTWK it has all to do with BW and various partners of BW's.
Clearly the German Pegasus group was not the ones being short a good chunk since last May. One other group that can be short legally (legally as it is reported in NASD) may be BW and relations borrowing shares from BW.* – Remember, at that time there were no shares available (in such volume) in the market to borrow.
This April the short position went up while it looked as if NTWK was on the road to de-listing.
NTWK gets coverage, Dr. Ashraf gets the GSA, and the stock goes up.
Then this action from BW and its group is initiated.
Hype talking about going to 10 or 20 is just smoke and mirrors trying to get support for the take over group - possibly also causing people to buy while pumping the market while BW and BW relations continue to short.
If they get to the board (we do not think they will be able) then they will ruin the company as having been presented here before - and they will end up on OTC and cover.
If they don’t get to the board new instruments will be invented and another scenario will emerge.
Whether individual investors still in BW will recover from this or the group management keeps the outcome is currently an open question depending on to which books the short position belong.
It does indeed look like a conspiracy to manipulate the market – (This could be important for anyone seeking damage relief.)
Of course the above are opinions based on both speculation and facts.
Of course no good management will participate on these boards as we have seen it done from that particular group.
*) Adrian Cowler is also a possibility, if the shares in escrow could be shorted legally. What talks against it being Cowler, is that he have had the opportunity to earn so much by covering long ago. Same goes for Tremont and the ones who sued BW last year. Only BW with 2.1MM shares at 20$ has the incentive to go further short in order to recover.
Kr
Jens
I'm sure there are plenty of good people NTWK could team up with in order to enhance the management teams US performance. I just don't see them among the BW bunch. - I do certainly not rule out that they are able themselves. *1 - Cary Burch apparently was not quite the man to do it either, because if he were, then he would have been able to lead the way, right?
A bridge has two ends. Just like the leader who shall connect a market to a company must have.
I do not see the company doomed due to a minority group of holders having different view than then majority. I'd say as every other investor, who invested without the necessary know how, or because of false hype from third party, they will have to take their loss as an experience, stop barking up the wrong tree, and start looking for the cause they invested that is where the learning experience lies, and if they feel defrauded, that is where their anger should be turned. Looking at how the boards were swarmed with hype, even racketeering rules may apply to such action. If there is money or not probably depend on presence of insurance policies there.
*1) A question could be if the US market at all is ready for the idea of outsourcing to 3. world.
Kr
Jens
SLOWAndEasy - The ability is missing - thus it is a marketing gig - BARNUM big time - last resort to keep BW investors from turning away. JMHO
And should the strange thing happen, that the bunch of so called "white brothers"(yuc k k k) get the power - All current business of NetSol are out of NTWK in no time.
a) NetSol development teams in PK go away to new companies. It's human resources, not machines, not off the shelf products.
b) German controlled companies same way. As development resources disappear
c) Swedish controlled companies same way. For same reason.
So there's an empty shell that could RM into OTCBB:NGWY
http://biz.yahoo.com/p/n/ngwy.ob.html
After the major blunders we have seen from the 21% holder, it is incredible that anyone at all can think of supporting this shady team he is presenting.
It is now also documented by the OTCJOURNAL coverage of this takeover-BS what team around NTWK it was who uses OTCJOURNAL as their pump channel.
All just my opinion.
Kr
Jens
Anyone sitting with information as mentioned in whodonit11's messages would not take it to messageboards - My take, it is from the same camp where all other bogus information on Netsol came from. Such BS IMO only fit the Modus Operandi of the group of which 50% are or have been defendants in litigations regarding fraudulent behavior.
Kr
Jens
Kr
Jens
Visit http://www.netgateway.com - or http://www.netgateway.net
Kr
Jens
The fellow directors name is Singhall ? with 2 L's in the end.
Ok wasn't the first time it was spelled like that - But most references spell it Singhal.
-------------------
ITEM 5. OTHER INFORMATION.
At a Board meeting on November 19, 2000 the Company appointed Keith
Freadhoff as Chief Executive Officer and appointed John J. Poelman, Robert E.
Ciri and Shelly Singhall as directors replacing Roy C. Camblin, III who had
resigned as Chief Executive Officer and as a Director and John Dillon and Joseph
Roebuck who had resigned as Directors.
Subsequently, at a Board meeting on January 3, 2001 the Company
appointed Donald L. Danks as a director and at a Board meeting on January 5,
2001, the Company appointed Donald L. Danks as Chairman and Chief Executive
Officer of the Company and Jay Poelman as President and Chief Operating Officer.
The Board also accepted the resignations of Chairman, Chief Executive Officer
and Director, Keith D. Freadhoff; Chief Operating Officer and Director, Don
Corliss, as well as Directors Scott Bebee and Robert Ciri.
The Company has engaged BlueStone Capital, LLP, as its financial
advisor to explore strategic alternatives. BlueStone Capital is an investment
bank that focuses on emerging growth and middle market companies. BlueStone is
known for providing a broad range of corporate finance, research, syndicate
sales and trading services to its clients and will assist the Company in
exploring strategic business alternatives to drive shareholder value in
connection with the Company's development and implementation of strategic and
financial programs.
Pursuant to the terms of the agreement, BlueStone Capital will provide
the Company with financial advisory services and assist the Company in
identifying financial opportunities. In exchange, BlueStone Capital received
warrants to purchase 500,000 shares of the common stock of the Company that can
be exercised at the Company's market price at the time of conversion and is to
receive $7,500 during each month of the engagement. Shelly Singhal, a director
of the Company, is a managing director of BlueStone Capital.
On January 15, 2001, the Company reached an agreement to terminate the
BlueStone Capital, LLP engagement and Bluestone agreed to forego any early
termination penalty and has returned to the company half of the warrants
previously issued. Mr. Singhal is still a Director of the Company.
--------------------------
http://www.google.com/search?q=%22Shelly+Singhal%22&hl=en&lr=&safe=off&filter=0
Kr
Jens
NetGateway Directors Appointed to Proposed New NetSol Board of Directors
by NetSol Shareholders Group, LLC
OREM, Utah, Apr 30, 2001 (BUSINESS WIRE) -- In an April 27 press release,
NetSol Shareholders Group, LLC, whose members hold over 25% of the outstanding
shares of NetSol International, Inc. (Nasdaq:NTWK), announced that they have
initiated a proxy contest to gain control of the company from current
management, proposing a new slate of directors. In light of that press release,
NetGateway, Inc. (OTCBB:NGWY), an e-Services company that provides eCommerce
training, technology, continuing education and a variety of other web-based
resources for small businesses and entrepreneurs, announced today that of the
five new members selected to serve on the Board of Directors, two of them sit on
the Board of Directors for NetGateway.
"I am very pleased to announce that myself and fellow NetGateway Director,
Shelly Singhall, have been selected to sit on a proposed newly formed Board of
Directors for NetSol International, Inc.," said Donald L. Danks, Chairman and
Chief Executive Officer of NetGateway, Inc. "I believe this is an excellent
opportunity for two complimentary companies to explore a wide range of strategic
options to help maximize the value of the products, services, infrastructures
and assets of both companies."
About NetGateway, Inc.
NetGateway is an e-Business Solution Provider helping companies of all sizes
meet their unique e-Business challenges. Whether it is a "brick and mortar"
company extending its business to the Internet, or one launching a great idea
into an e-Commerce site, NetGateway offers solutions to take any company from
concept to operation. For more information about NetGateway, visit the company's
web site at www.netgateway.com.
About NetSol International, Inc.
NetSol International, Inc. is an ISO-9001 certified software developer in the
global information technology industry. With an international workforce of more
than 400 employees, NetSol specializes in software development, proprietary and
asset-based leasing and finance programs, IT consulting, and creation of
eBusiness and Web-based solutions for a growing list of blue-chip customers
worldwide. Clients include Daimler Chrysler Taiwan; Mercedes Benz Financing,
Australia; Mercedes Benz Leasing, Thailand; Volvo Finance Australia;
International Decision Systems, Inc.; St. George Bank, Australia; GMAC in
Australia; Debis Portfolio Systems, U.K.; VoiceStream; Prism Inc, USA; Global
One, USA; Clinical Interactions and Askari Leasing Ltd. For more information
about NetSol and its subsidiaries, visit the company's web site at
www.netsol-intl.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this news
release (as well as information included in oral statements or other written
statements made or to be made by Netgateway, Inc.) contains statements that are
forward-looking, such as statements related to consummation of the transaction,
anticipated future revenues of the companies and success of current product
offerings. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the future
and accordingly, such results may differ materially from those expressed in any
forward-looking statements made by or on behalf of Netgateway, Inc. For a
description of additional risks and uncertainties, please refer to Netgateway,
Inc.'s filings with the Securities and Exchange Commission, including Forms 10K
and 10-Q.
CONTACT: NetGateway, Inc., Orem
Don Danks, 801/227-0004
Kr
Jens
And to the extend that is isn't a hostile takeover after all ?
You see, IMO a very specific action is missing in the picture !!
Kr
Jens
My friend, their lawyer, John C. Kirkland
Relax Wize - Friend, as per definition .. In Lionism. He is in Gracewille Lions Club.
Looking at his available information, I'd say he would not start this without being able to finish it.
So how come that a 26% group can pull this hostile takeover ?
Kr
Jens
OOPS it sure went the other way - So I was wrong thinking that Supernet/Pegasus was the ones behind the short position.
http://www.viwes.com/invest/shorts/query.cgi?q=NTWK&j=0&n=12
Remember it is per Apr.15.
So someone else shorted together with Hertzog's selling - that is odd indeed. - Very bad judgement there indeed.
Kr
Jens
Well, Oh Wize 3diesels, looking at what you are writing here, even when you have a chance to correct your writing within 15 minutes of clicking submit the first time, it is incredible that you ever got to speak with the people you had lured into BW.
I guess the first sentence is a question - I have not ignored anything there, in fact it was answered many times - Would you like me to answer it once again?
Am I getting paid by short sellers - No I'm not being paid by short sellers, or anyone else for that matter.
To the last question - In my opinion there is only 1 level of legally and that is 100% - Do you have many levels?
--
You know, there is absolutely no doubt who you are - Are you really sincere about wanting to participate in running NTWK, when you lower yourself to participation on these boards and with such poor appearance?
----
Please disregard the automatic inserted below.
Kr
Jens
Slowandeasy - I would love to understand why it is that such large percentage of the public known people around Iseson and the bunch here are or has been involved in defending themselves in legal matters concerning fraud and alike.
business men - Nah.. - I'm a businessman too - I have good network of friends, business friends and business associates - and some residing in US - not one single of them has ever been involved in such proceedings.
Kr
Jens
NetSol Shareholders Group, LLC Files Preliminary Proxy to Replace Board
of NetSol International, Inc. and Seeks Suitors
LAS VEGAS, Apr 27, 2001 (BUSINESS WIRE) -- NetSol Shareholders Group, LLC,
whose members hold over 25% of the outstanding shares of NetSol International,
Inc. (Nasdaq:NTWK) today announced that they have initiated a proxy contest to
gain control of the company from current management. They are proposing a new
slate of directors, including Cary Burch, a current director of NetSol
International, Inc. and executive of The First American Corporation (NYSE:FAF),
Jonathan D. Iseson, principal of Blue Water Partners, L.L.C., Graeme Glew,
manager of Professional Sports Management, Shelly Singhal, Managing Director of
Technology Investment Banking for BlueStone Capital Corp., and Donald Danks, CEO
of Gateway, Inc. (OTCBB:NGWY). New management intends to immediately engage an
investment bank and actively pursue acquiring, merging with or being acquired by
another public company.
The group has filed a preliminary proxy statement and Schedule 13D amendment
with the Securities and Exchange Commission describing their intended course of
action.
Forward-Looking Statements
This press release contains predictions, estimates and other forward-looking
statements which include, but are not limited to, statements regarding the
group's future plans. These statements are subject to risks and uncertainties
and actual results may differ materially from any future performance suggested
above. The parties issuing the release undertake no obligation to publicly
release any revisions to these forward-looking statements, which may be made to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
CONTACT: For NetSol International, Inc.:
Greenberg Traurig, LLP, Santa Monica, Calif.
John C. Kirkland, Esq., 310/586-7738
kirklandj@gtlaw.com
Kr
Jens
I have noticed that those who talk with people often get a wrong impression, and end up becoming used by the ones they talk with - I'll stay with what is written. But thanks for your information.
Give us a link that say that David Bahr - elmirlo - the wittness - is a clean sheet - and we will analyse it.
Why was it that people should not talk about him back in the end of 1999 on RB threads. What has changed since ??
Kr
Jens
Just wondering about Burch - so how about his relations to the disbarred David Bahr ?
http://www.google.com/search?q=cache:www.polobarn.com/classifieds/classifieds_rege2.html+%22CARY+BUR...
Kr
Jens
PROXY FILED So here we go again - Shelly Singhal - Involved in Fraud?:
http://www.google.com/search?q=cache:biz.yahoo.com/bw/001206/ca_calif_s_2.html+%22SHELLY+SINGHAL%22&...
Some SEC cases mantioned there too
http://www.google.com/search?hl=en&lr=&safe=off&q=%22SHELLY+SINGHAL%22&btnG=Google+S...
Kr
Jens
OT: Dirtroad - the group doing the action against NTWK management are a hedgefund with 21% of the shares, and 3 investors.
I recommend you talk with the hedgefund manager.
"jonathan d iseson" <3diesels@email.msn.com>
Kr
Jens
No, I can't know who they are talking about - but I can paste what OTCJOURNAL said about it - Apparently they give the new formed group credit for the recent raise in NTWK price - not the govn approval - not the analyst coverage - but the new group - WHAT BS - but looking back to the previous presented e-mail stockrumor@aol.com - I believe was one previous e-mail address for OTCJOURNAL.
Here is the OTCJOURNAL mail from today:
_________________________________________
In this past weekend's edition we gave an honorable mention to NetSol International, our all time favorite stock as it was our biggest historical winner. Read the Testimonial Section at our home page for some idea of how good this stock was to us in the last Bull Market.
Coming off an extreme low of less than $1 just three weeks ago, the stock has been on a tear recently, closing at $5.27 yesterday.
The stock was halted for trading this morning pending a significant news release, which helps explain the recent surge in the price of the stock. Today's news release covers a 13D filing with the SEC.
NetSol Shareholders Group, LLC has been formed by a consortium of concerned shareholders with the intent of pursuing the following as stated in the press release:
"Options under consideration include replacing some or all of the current Board of Directors and executive officers of NetSol with a new management team, merging with or being acquired by another corporation, and attracting additional shareholders, business partners or other investors for purposes of generating additional financing to acquire control of the company."
The OTC Journal believes what you are seeing is the first step in the process of a hostile takeover of this company. Management's corporate performance over the past two quarters is best described as pathetic, and it is clear large shareholders are not prepared to simply take their losses and move on. Today's move leads us to believe this is the first step in a series of events which will take the company in a new direction which may conflict with the wishes of the current board, but is likely in the best interest of shareholders.
As we are writing this edition, the stock has reopened for trading in the $4.50 range, down $.77 from yesterday's close on very light volume. Clearly this news was already priced into the stock, and buyers over the last several weeks are not running for the exits. This implies this news may be the first step in a series of events being engineered by disgruntled shareholders to move the company in the right direction.
Although we have no knowledge of any pending news, don't be surprised to see more come shortly on the heels of today's events. Clearly NetSol Shareholders Group, LLC would not have been formed and filed a 13D without some sort of a game plan for the company.
The absence of sell side volume today leads us to believe investors close to the company recognize today's events are the first step in a series of moves which could take the stock much higher.
Weakness in the price on light volume could end up representing a great entry level for investors with high risk tolerance. On trailing fundamentals the stock is overvalued in our opinion. However, stocks generally trade on investor perception of the future, and today's move clearly bodes well for shareholder value.
NetSol Shareholders Group, LLC probably has a well thought out plan for the future of this company. Because of our ongoing coverage of the situation we will bring you the news as it unfolds. It will be an interesting learning experience to watch events. We have never watched a hostile takeover of a small company.
Trading Alerts
We were hoping to find one or two trading alerts in large cap names this week. Sometimes the market does not cooperate. If we rebound to 2200 we may come out with one or two Trading Alerts on the short side. Conversely, if the market pulls back into the 1920 area, we will be looking for a couple of ideas on the long side. This week has been a tug of war between the Bulls and the Bears, which has so far been a stand off.
Here is the complete text of the NetSol news release for your review:
Thursday April 26, 9:25 am Eastern Time
Press Release
Shareholders of NetSol International, Inc. Form NetSol Shareholders Group, LLC to Explore Available Options to Maximize Shareholder Value
LAS VEGAS--(BUSINESS WIRE)--April 26, 2001--A group of shareholders holding over 25% of the outstanding shares of NetSol International, Inc. (Nasdaq:NTWK - news) today announced that they are not satisfied with current management of the company, and have formed NetSol Shareholders Group, LLC for the purpose of exploring available options. Options under consideration include replacing some or all of the current Board of Directors and executive officers of NetSol with a new management team, merging with or being acquired by another corporation, and attracting additional shareholders, business partners or other investors for purposes of generating additional financing to acquire control of the company.
The shareholders, including Blue Water Partners which holds over 21% of the outstanding shares, Dr. Henry Vogel, who owns approximately 6% and PSM International Limited which owns approximately 1%, have filed a Schedule 13D with the Securities and Exchange Commission describing the members of the shareholder group and their intended course of action.
Forward-Looking Statements
This press release contains predictions, estimates and other forward-looking statements which include, but are not limited to, statements regarding the likelihood and timing of the closing. These statements are subject to risks and uncertainties and actual results may differ materially from any future performance suggested above. The parties issuing the release undertake no obligation to publicly release any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
--------------------------------------------------------------------------------
Contact:
For NetSol International, Inc.:
Greenberg Traurig, LLP, Santa Monica, Calif.
John C. Kirkland, Esq., 310/586-7738
kirklandj@gtlaw.com
________________________________________________
Kr
Jens
wize- Iseson send that e-mail to my mailbox - Reread and understand -
Same in this case: Iseson asked Naeem to send the Ambassador speech to me:
-------
Return-Path: <naeemg@netsoluk.com>
Delivered-To: quattro-it.dk+-jti@quattro-it.dk
Received: (qmail 7802 invoked by uid 0); 20 Sep 2000 13:30:31 -0000
Received: from server36.aitcom.net (HELO netsoluk.com) (208.234.0.52)
by fe090.worldonline.dk with SMTP; 20 Sep 2000 13:30:31 -0000
Received: from naeemg ([195.217.254.137])
by netsoluk.com (8.8.8/8.8.5) with SMTP id JAA05240
for <jti@quattro-it.dk>; Wed, 20 Sep 2000 09:30:20 -0400
Message-ID: <010301c02305$76a4e2e0$89fed9c3@netsoluk.com>
From: "Naeem Ghauri" <naeemg@netsoluk.com>
To: <jti@quattro-it.dk>
Subject: Fw: Speech by American Ambassador
Date: Wed, 20 Sep 2000 14:19:52 +0100
MIME-Version: 1.0
Status: U
X-UIDL: 969456631.7808.fe090.worldonline.dk
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_0100_01C0230D.D78F1780"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.00.2615.200
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2615.200
This is a multi-part message in MIME format.
=20
----- Original Message -----=20
From: jonathan d iseson=20
To: Naeem Ghauri=20
Sent: Wednesday, September 20, 2000 2:23 PM
Subject: Re: Speech by American Ambassador
pls send this to jti@quattro-it.dk
----- Original Message -----=20
From: Naeem Ghauri=20
To: JONATHAN D ISESON ; elmirlo@earthlink.net=20
Sent: Wednesday, September 20, 2000 8:55 AM
Subject: Fw: Speech by American Ambassador
FYI
NG
=20
----- Original Message -----=20
From: cmc=20
To: Naeem Ghauri=20
Sent: Wednesday, September 20, 2000 2:44 AM
Subject: Speech by American Ambassador
Dear Naeem,
Given below is the text of speech of US Ambassador. If you need any thing else please let me know.
Regards,
Aamir Abbasi
-----------------------------------------------
Kr
Jens
Slightly OT - I know that some people out there was told that I (or we) hacked Isesons system - That isn't true - Everything I ever got, that could seem like some inside info, was send to me with originating stamp from Iseson.
The previous message show the one of them.
Anything else we ever found was via 100% legitimate search tools.
Now seems to be a good time to make that clear.
Kr
Jens
PSM - though the name needed a little change.
http://www.f1.co.uk/frameset.htm
Thought I had seen the name before - was in a spam e-mail Intel earn money HOAX, Iseson forwarded to his list.
Some of you may remember I had an idea that NTWK would promote with Formel-1 at a time last year - it was due to that particular address.
----------------------------------------------------
Return-Path: <3diesels@email.msn.com>
Delivered-To: quattro-it.dk+-jti@quattro-it.dk
Received: (qmail 18719 invoked by uid 0); 13 Jul 2000 01:01:36 -0000
Received: from cpimssmtpu03.email.msn.com (HELO smtp.email.msn.com) (207.46.181.19)
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Received: from hegde - xxxxxxxxxxxxxxy email.msn.com with Microsoft SMTPSVC;
Wed, 12 Jul 2000 17:57:14 -0700
Message-ID: <007201bfec65$44a0bca0$0501a8c0@earthlink.net>
From: "jonathan d iseson" <3diesels@email.msn.com>
To: "xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxx>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
<STOCKRUMOR@aol.com>,
<xxxxxxxxxxxxxxxx,
<xxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
"Nicholas Watson" <nwatson@thestreet.com>,
<najeeb@netsol-intl.com>,
<naeemg@netsoluk.com>,
<xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
<kirsten@lhai-sf.com>,
<jti@quattro-it.dk>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"Graeme Glew" <graeme@f1.co.uk>,
<xxxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxxxxxxxxxxx>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
<xxxxxxxxxxxxxxxxxxpacker.com>,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
<xxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxx,
"xxxxxxxxxxxxxxxxxxxxxxxxxxx,
<xxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxxxx>,
<xxxxxxxxxxxxxxxxxxxxx>
Subject: Fw: [Fwd: Fwd: [Fwd: FW: here's a opportunity]]
Date: Wed, 12 Jul 2000 20:56:59 -0400
Kr
Jens
Harman is probably this one:
Dr.(Vet) Robert Harman, Buckhannon, West Virginia
Kr
Jens
While you all know Iseson and as they said no legal action against them had been taken (in the recent 13d) - Here is one I think we never brought before:
http://www.google.com/search?q=cache:www.businessweek.com/bwdaily/dnflash/jul2000/nf20000726_043.htm...
Enough said for now - OR ?
Kr
Jens
Harnan can be one of many:
http://www.google.com/search?hl=en&lr=&safe=off&q=%22ROBERT+J.+HARMAN%22&btnG=Google...
Kr
Jens
Meet Grame Glew -
http://www.google.com/search?q=cache:f1ad.narod.ru/Articles/Teams/Pacific/+%22GRAEME+GLEW%22&hl=...
same method scroll til highlighted
Cannot find anything on PSM International ltd
And nothing connecting Glew and PSM international
http://www.google.com/search?hl=en&lr=&safe=off&q=PSM+Glew&btnG=Google+Search
Kr
Jens
Yeah there is more:
http://www.google.com/search?q=cache:www.sec.gov/litigation/aljdec/id96bsk.txt+%22Dr.+Henry+Vogel%22...
Scroll vogel is highlighted
Kr
Jens
March 1999 - and the again from recent 13d:
e) None of the Registrants has, during the past five years, been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting, or mandating activities subject to, Federal or State securities
laws or a finding of any violation with respect to such laws.
-----------
How is it - crow seeks mate - right ?1?
Kr
Jens
Dr. Henry Vogel - Is that this one:
http://www.google.com/search?q=cache:www.sec.gov/litigation/opinions/3441123.txt+%22Dr.+Henry+Vogel%...
B. Wonsover's Involvement with Subsequent Sales of
Unregistered Securities.
The record establishes that a massive fraud surrounded the
issuance, subsequent to the IPO, of several hundred thousand
unregistered Gil-Med shares. Gil-Med's chairman and president,
Gibori, perpetrated the fraud with the assistance of an
associate, Dr. Henry Vogel. [7] Vogel testified concerning this
fraud at the hearing in this matter. Vogel admitted that he and
Gibori had access to a number of blank stock certificates, that
he sometimes issued certificates to himself and friends, and that
he and Gibori prepared spurious letters purportedly executed by
the selling Gil-Med shareholders representing the manner in which
they acquired Gil-Med shares ("Representation Letters") and other
documentation necessary to open trading accounts and sell the
forged stock certificates. Vogel's testimony implicated Gibori
in the fraud, including claims that Gibori had sent to Vogel a
stock certificate issued in the name of Hiam Cheap, with the
understanding that Vogel could trade the shares represented by
the certificate and could keep the proceeds for his personal use.
Kr
Jens
Yeah, when reading it in the light of what Iseson said a year and more ago - But when looking at actual facts coming from the company, it is IMO acting like it said it would.
So I see that attitude as a symptom from the cause Isesons false hype of NTWK last 2 years - and him now being in the spot from the many he IMO defrauded with BW.
Kr
Jens