Sorry starpopper. If you followed the Yahoo board, you would see that the leadership change that put Rizzone in charge was the start of the downfall of this company. Had that not occurred, NETVA could have had a bright future. Now, except for a handfull of founder shareholders, the public shareholders holding since the IPO, and exercising the warrants, all lose.
Now that it indeed is part of Cabletron, the NETVA stockholders' loss is locked in. NETVA negotiated from a position of such weakness they couldn't obtain an earnout in equivalent stock price of $35 like you point out Yago did. By the way, that Yago bonus will bring a $0.46 hit to CS earnings, and you might consider that all of CS earned under $0.09 this past quarter. CS is headed south. NETVA stockholders certainly don't win here.
This is a fitting end to this thread, started by a first post by Scott Landmann, who Mr. Fogg fired, slandering Mr. Fogg and the prior management. All the way through we see brokers touting this stock to each other, eating out of Mr. Rizzone's hand. Rizzone brought us all nothing. I was long in NETVA since the IPO, and I for one, have no use for CS stock. |
