"The resulting boiler plate shell has something in the neighborhood of 1 to 5 mil shares and is ready to be used. "
Okay fine, so now the two guys have a shell with 1 to 5 mil shares that I assume they hold. Now how the hell did we get 20 to 40 million shares outstanding?? Someone said hey, give me some of that worthless 1/8 paper and I will give you my company?? If they used the rich guys money, then what the hell does that have to do with issuing more stock??
Several reasons. Most of which are 'obvious'. For a company to get listed on the NASDAQ it has to have certain parameters. SEC publishes these requirements and I am sure some kind soul can post the URL. Among the requirements there are a limit to how few shares are available for trading, float, volume etc. NETZ has stated intentions to get listed on NASDAQ. Then there is the issue of personal risque. I don't think any venture capitalist is keen on taking the full load on any investment. Tom Burgess and the others are carrying their share of the risk. They have capital invested also. And to soften the blow (decreasing their risk) stock has been used to pay for aquisitions and other strategic expenditures.
Let's be very up front here. NETZ has no published financials so we don't know what exact shape the company is in. It has come this far in a very short span of time. There are things that stick out as being strange, like unfriendly IR (as reported by some), 'silent period' and a not fully functional web site. These are just some of many. I am sure you guys out there can throw some more real negatives into the bin. IMO most, if not all, of these are reasonably explained by the growth spurt and the starting conditions of NETZ carreer up until now.
To confidently invest in NETZ at this point one needs to have a lot better feel for NETZ and the environment they operate in than only finances and TA. These issues will have to be addressed too, make no mistake! But judging from real world events NETZ is still in the process of putting their ducks in a row.
"Don't look now, ...[stuff deleted]"
Any 12 year old with his own web page could have put that together in about 10 minutes. Domain names are cheap. Great way to try to give credability to a site. It seemed like a cheap way to get my name for solicitation of penny stocks.
I find your statement a tad flippant. If you are truly capable of doing that, I would like to hear your suggestions. Please, spare no details. The netmaster site will probably soon be reduced to a forwarding URL, with www.zulutek.com (or something similar) becoming the main site. Matty G posted the registered domain for that a while back. I am sure NETZ will be most grateful for all constructive and intelligent feedback while building their new site.
Domain names are a dime a dozen these days and carries little weight in it self. But if I put it this way: had netmaster had an address like www.school.edu/spam/other/~w13er433/index.html I would most likely not be here.
And as I said, I am sorry for spouting so many positives about the site yesterday. It was not warranted. I was just so glad to see that they had it going again.
Not trying to rain on the parade, but these so called "proofs" floating around are falling flat. The wired articles have me intrigued though. Out for now, but watching and looking.
As I said in my posts that I was not presenting 'proof'. I was giving you a background so we can communicate more constructively.
I am totally ok with your being sceptical. I see it as being interested but not having reached ones level of comfort. I don't care if you decide one way or the other as long as you act with maturity.
Thank you. |
