Party Time, take it easy on Joe Copia. I respect his analysis and thoughts too. If I were smart like him, I would have sold today as well,
and bought more shares tomorrow when the price drops somewhat (or a lot).
I will add that Joe appears to be as ambivalent as I have been (and others have been). He runs hot and cold about NETZ. There are things to really like about
this company and its potential, and then there is this swirling mass of garbage and
bad press hurtling around us.
Again, to be redundant, I believe NETZ and ESVS are already interlocked somewhat.
Look at March filings. ESVS has given up about 15 or 20% of its equity position for 12mm shares of common in NETZ. This is a given, okay, as I
understand matters, so ESVS and NETZ are no longer (in my opinion) at arm's length. They
can move deadlines around at will to suit their needs.
Unless something "really, really" bad shows up in financials, which causes a "rescission" of ESVS deal (like the Universal/Charles Rose) deal,
and I have heard nothing to this effect (everything points to progress, albeit slow progress), I believe this puppy will move
forward - we just don't know if it will be a chopper to the pitcher
or a homerun in terms of stock appreciation for NETZ.
I would like to know what happened to $50mm placement which was suppose to commence in March. This is what ESVS was going to
do as part of exchange of its stock for 12mm shares of NETZ stock, as I recall.
At least all of the industry news has been great, and the stocks have been flying, so this should have helped those trying to
raise money. |
