NetSol International Inc. (NTWK)

[Tingleff]

Charlie, I had a wonderfull vacation - In the Norwegian mountains(or hills 500-1132 meters over the sea).
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My guess after skimming the filings and news, is that the group could not put up with the agreement they made.
Now the shareprice of course is suffering from the selling by the parties that supported the group, and probably also the group.

What was wrong with the deal ? - I'd say
A) They had to sell the valueable part of the company back to Netsol PK
and
B) They had to sell shares to put up the 500K$. (Perhaps that after such selling they would not have any chance of majority voting)

13D: All of the Group's nominees have withdrawn their names from
consideration as directors of the Issuer. The Group currently does not have any
plans to solicit the stockholders in order to gain control of the Board.
The Group has decided that it will no longer act as a group, as such term is
used under Section 13(d) of the Securities and Exchange Act of 1934, as amended,
for the purpose of acquiring, holding or disposing of the securities of the
Issuer.




Kr
Jens