Net Shepherd Inc. (WEB) on ASE Message Board

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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE

WEB 27.99

0.0%

Oct 11 5:00 PM EST

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To: Denise D who wrote (338)	8/17/1999 11:22:00 AM
From: Crazy Canuck	Read Replies (2) of 1252

Investors' Meeting with Net Shepherd (continued - last section) *Cash Position / Recent Private Placement / Future Investments* ú NSI has no debt and $2.6 million in cash (as the time of the meeting). ú Regarding the recent PP, $1.1 million was subscribed for at $3.50/share, and $4.50 for the warrants. *Revenue Targets Going Forward* ú 1999: $10 million (through increased revenue and acquisitions) ú 2000: $20 million (through payoff from Vanenburg group pilot projects turning into contracts and increased business-related projects, etc.) ú Revenues will double each year from then on. Goal is $100 million in 3 - 5 years (from the NSI document - Understanding Our Business). *Profit Margins* ú Hardware Resale: 8% (decreasing) ú System Integration: 50% (decreasing) ú i-Business: 50% (increasing) ú Virtual Communities: 50% (increasing) *Shares* ú Outstanding: 33.8 million ú Trading: 18.7 million ú In Escrow: 7.3 million (includes those for Answers.com). In order for the special warrants to be converted, NSI would have to show a positive cash flow of .20½ per share or over $8 share price for 20 sessions in a row within 12 months (Aug. 2000). *Management Remuneration* ú The management team has set aside higher salaries in return for increased options.

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