so it's almost a debt free now.nice.reduced 25 million of their debt and just bought out payonline.Assets/Debt ratio was over 1 even before these developments.now much better..Payonline did 6.7 million in revenue last year....payonline has about 10 million active users...
SUMMARIES: NETE expands its markets. 1)NETE's recent launch (NETE expands its markets to 500,000. restaurants) Net Element Launches "Restoactive", a Comprehensive Mobile Restaurant Solution(Refer to the above 8/6 PR). 2)NETE's acquisition of PayOnline (NETE expands its markets to Russia, Europe, Asia)
Conclusion: NETE= STRONG BUY because its future is bright, VERY bright. Go NETE***************