Hello Sili,
It's been a while since I've seen your posts, and I'm glad to see you in WEB along with some of the old gang!
Net Shepherd is a well organized company with clearly defined objectives together with an implementation plan. Their 1999 Promise to Shareholders as stated in their recent Annual General Meeting is:
- Synergistic Acquisitions
- Annuity Based Revenue
- Extend Platform to Business Application
- Transition to NASDAQ
We have already seen portions of this promise take shape with the acquisition of Answers.com from idealab! I note with enthusiam that idealab! sold to Net Shepherd for 400,000 shares of WEB. This is a strong indication of their continued investment interest in Net Shepherd. Some of the great idealab! companies are, among others, etoys and goto.com. Note also that the 1999 Promise has acquisitions as a plural, not singular. This indicates plans for additional acquisitions.
They promise Annuity Based Revenue. Nice because it is on-going, really nice for the bottom line. I'm excited about the Business Partners that Net Shepherd has aligned with which include among others, Dun & Bradstreet, AltaVista, Compaq, HP, Sun, and Oracle.
Their promise to Extend their Platform to Business Applications will open the doors to a wide source of income. Web business and on-line applications are one of the most dynamic areas of generating income for shareholders that I can imagine.
Their promise to transition to NASDAQ during the year is extremely exciting. It is exciting as a current shareholder to see a company as organized as Net Shepherd formulate a plan, and execute according to the plan. When it does become listed on NASDAQ where it is much more visible to a larger number of investors, our shareholder value, IMHO, should increase dramatically.
These are exciting promises that Net Shepherd has made to us, and I sit anxiously, feeling very content that we will see future announcements from Net Shepherd, showing their shareholders that the Promise has been kept.
Regards,
Barry |
