Jon,
I don't think you know what you've gotten into by visiting this board. Hold on to your seat! This battle has been royal! Worth the price of admission, actually. It's not like the comity you'll find on the oil drilling thread.
NETZ, which acquired Softbank Interactive (a big one), also changed its name to Zulu-tek and went from .20 to 1.50 on industry rival Doubleclick's (DCLK) IPO, which had great results despite lousy earnings. When DCLK hit the news, NETZ followed with a release indicating earnings nine million more than DCLK. This is how NETZ showed up on the radar screen.
Wired then did a series of special reports which criticized backgrounds of two venture capitalists, one in particular. This helped tank the stock to its current level.
Your question is right on the mark. The fact no financials are "formally" released leads to great skepticism (such as your surprise). This, together with the Wired reporting, pulls the stock down. While, conversely, the idea of the technology keeps pulling people into investing in the stock.
NETZ made a deal with ESVS (Nasdaq) for private placement alliance and this begs the future question: What will happen to these combined entities, what with movie-making advertising technology?
Price Waterhouse is now in process of completing NETZ financials. Some folks got in with lows of near-.20, while others zipped in for a buck a more. And then there are the middle grounders. So there are several investing strategies at play here. This creates great conflict in the dialogue of the thread. Quite a show, really. Too bad it's our money. But we all came in with risk in mind.
On this thread are some who are pros, and some who are not. It's full of (though they haven't shown much today) big-time bashers. It's theorized that these folks are either connected to the OTC market makers or are folks who bought cheaply, succeeded and want to go down again so they can buy more.
The lure of what this technology can do, coupled with big-time advertising budgets, is what keeps us all alive in this. I hope this answers you question. Feel free to ask anything. No telling what kind of response you'll get. But there is fun here, you'll enjoy it. |
