NTWK OTC BB Netsol International Inc (Formerly MGHI) Message Board

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Microcap & Penny Stocks : NTWK OTC BB Netsol International Inc (Formerly MGHI)

NTWK 4.230

-3.6%

Nov 3 9:30 AM EST

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To: jjs64 who wrote (50)	5/7/2000 5:21:00 PM
From: Q.	Read Replies (1) of 181

I just started looking at NTWK, because it is touted by a firm that also touts the infamous scam stock JAWS. Not sure what my final opinion will be, but I certainly have some questions. The 10k shows an auditors report that does not cover the subsidiaries in Pakistan and the U.K. It says these were audited separately. Does anybody know where to find these audit reports? I couldnt' find them in the filings (although I admit I only skimmed the most recent 10k.) As these subsidiaries account for virtually all the meager number of NTWK's employees, this omission seems to be a critical one. Anyway, the balance sheet looks funny. Assets consist mostly of goodwill, customer lists, and rubbish like that. If you get rid of all these, you get a negative value for the net tangible assets.

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