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Microcap & Penny Stocks : NTWK OTC BB Netsol International Inc (Formerly MGHI) -- Ignore unavailable to you. Want to Upgrade?

To: jjs64 who wrote (50)	5/5/2000 5:37:00 AM
From: Mr. Jens Tingleff	Respond to of 181

I believe Kahn is family. Look at this RB post: ragingbull.com I wondered why they did not put the two companies in the same bag (NTWK buying INVZ) - Of course there could be a quite natural family cultural background for it. Anyway INVZ may turn out moving like NTWK. Did you follow the RB NTWK board ? Kr Jens

To: jjs64 who wrote (50)	5/7/2000 5:21:00 PM
From: Q.	Read Replies (1) \| Respond to 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.

To: jjs64 who wrote (50)	3/15/2001 6:14:53 AM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 181

Lots of water under the bridge since that post - I believe the Ghauris are now running the company with good advisors. Links to all mentioned refs below: Here is my opinion after the (paid) interview on wallstreetreporter.com on the 13., and the recent registration filings. The main news in the interview is the refocusing on development - And there is also an attitude towards financing which I find appealing. Some of this could already be seen in the registration statement of Feb.2.2001, as there was no mention of the ISP. The development of ASP and ASP like systems for customers IMO continue. There is a huge market for such systems, not only in the finance and automotive branches. NetSol just won't become an ASP themselves, such as we at a time expected. What impact the refocus has on the NetSol UK business, which to my knowledge very much is focused on hardware, networks and facility management, is unclear. Debt free was mentioned too - The Deephaven funding, isn't considered debt, as shares was the base. The S-3 filing of March 14. show that. IMO they are shaking all the trend hype of them. They are showing that they want to act professional in respect to funding (no odd debentures and such stuff), and as such also blowing the dark clouds of odd moneymarket away. (Imagine no more OTC BS. No Khan, No Shannon) Based on the interview and the recent filings, IMO, they are becoming a real shared company. Suitable for long term investors. Najeeb IMO also clearly stated that. The risks fell out of the line of answers, but they are also clearly (as legaly necessary, very clearly) stated in the recent filings. Sincere people building a sincere business is the clear undistorted impression now. -- Of course there may be bashing when/if the major short position cover, and there may be impact from actions/reactions in the BW funds. These, I believe, are now all factors outside the company. Some might think that BW perhaps could claim something based on the new focus - IMO They can't, as the focus now is exactly what was their point for entering. -- Any second opinions ?? LINKS: Filings: freeedgar.com Interview: wallstreetreporter.com Kr Jens