Replies to post #235 on 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13D: All of the Group's nominees have withdrawn their names from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

[Tingleff]

Further - What is BW going to do with their position now?

Parameters are:
BW current and previous investors building case against BW/Iseson. (Fact!)
Fishy hidden related (Wahoo) funds short positions?
Ability to find supporters for further manipulation?
How will Netsol perform businesswise the next few months?
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BW Options:
Selling, controlled by emotional motives? (stupid but possible IMO) - Shorting (further?) isn't an option as covering for any reason would cause a spike, as would new buyers the Ghauri's might find.

Buying, in order to get sufficient voting power to take over at the scheduled shareholders meeting ? (it will probably take a lot of buying as there may be issued shares from the registered pool in the meantime)

Waiting, would be the cool business way?(IMO)
OR
They may have to distribute the shares to those BW investors now acting against them.
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I have no good guess at this time!!!


Kr
Jens