NetSol International Inc. (NTWK)

[Tingleff]

uhm.. Would be nice if there had been an 8-K filing supporting what you say S&E - All I know is this:

Got this from one NTWK investor in e-mail:

I got a call from my contact from the company last Thursday - this Stephen Cello guy - and they want my support for NTWK LLC.

I asked - Who is this Stephen Cello, and got this:

This is the info regarding Stephen Cella and where he works.
Company: Phillip Louis Trading, Inc.
One Independence Plaza
280 Highway 35, Suite 220
Red Bank, NJ, 07701
Co-worker is Sandra Foglia (the person I usually talk with)
[e-mail]
[phone]
I'm not exactly sure what Stephen and Sandra's job titles are. They just
tell me they are involved in protecting the investors interests in NTWK. (*1)
They have regular personal communication with the Ghauri brothers and I
get a feeling Stephen is somehow partially employed by either NTWK or the
Ghauris to promote the company and handle investor communications. I
connected with them when I kept bugging Amy Dolnick to get information on
the $2 million deal with Deephaven back in February. I even wrote the SEC
to get information and then I get this call from Stephen Cella telling me
to talk with him regarding my quesstions and to leave Amy and the Ghauri
brothers alone. Stephen was definite that he would take care of this
stuff so that the Ghauris and Amy Dolnick could do their work without
being constantly interrupted by investors like me.(*2)
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This sounds to me as if Stephen Cella is misleading investors - making the investors believe they work for NTWK !!

*1 explain your point of view - BUT - *2 In the current situation is quite another story - Can you agree to that S&E ?

And it was Steve, not Sandra soliciting for proxies.

At the same time, in my book, Steve has grouped himself with the bad boys in this whole gig.

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Was it indeed the Ghauri's running the company to the ground, or was it the advisors they relied on ?

The recent revelation from whodonit11 on RB, tells a story of management changing their attitude towards the environment. They had a retreat (A place affording peace, quiet, privacy, or security) meeting back in the end of 2000 - planning how to proceed.

What can be read out of that ? IMO - That previously they have relied on someone else regarding M&A - That there are some they only trust to the teeth now - That there is a decision that the management takes control over M&A's.

Following is speculation: May be there's even a decission that they will go after the previous advisors in legal action - Is that what this is all about ? - Is that why a minority group of odd shareholders want to take control ? - Will the shareholders who support to the NTWK LLC be lured to be a part in hiding what really happened there around those failed mergers ?
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These are FACTS:
Who was the first to tell the world about the Supernet merger ?
http://www.thestreet.com/_yahoo/int/euromarkets/931915.html

Who was telling everybody on RB that institutions were buying NTWK when it was an OTC issue ?
http://ragingbull.lycos.com/mboard/boards.cgi?board=NTWK&read=555
http://www.thestreet.com/_yahoo/comment/taskmaster/952302.html

Who advised to look for Thomson I-watch, where odd (false) buy signals were placed during that time.?
Making BW look as if it was an institutional buyer.

Who told their investors they would not accumulate more that 10% in one entity ?

Who had to pay 1+MM$ to NTWK because of lack of trading knowledge ?

Now, who are the "competent" party giving advice about who are the right ones to run NTWK ?

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True that the Ghauri's signed acquisitions that should not have been signed - But I'd place the basic responsibility with the advisors.

BTW we believe that the acquisition of Abraxas (NetSol AU) was done by the brothers themselves. For some reason that one is doing fine!! - Food for thought eh ?



Kr
Jens