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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 (83)	11/2/2000 10:49:11 AM
From: StockDung	Respond to of 181

NetSol Price Plunge Prompts Sale of President's Stock Calabasas, California, Nov. 1 (Bloomberg) -- NetSol International Inc., a Pakistani software developer, said an unidentified lender sold 72,900 shares pledged by Najeeb Ghauri, its president, as collateral for a loan after the stock price fell and he didn't repay all the money borrowed. Ghauri pledged 448,750 shares to guarantee the loan, according to the company's proxy, filed yesterday with the Securities and Exchange Commission. The loan's terms required it be paid back if the stock fell below $20, according to the proxy. That happened on Sept. 15. The stock fell steeply over the spring and summer, after reaching a high of $80 on March 3. ``Due to a decline in NetSol's stock price, the financial institution demanded the entire loan be paid back,'' the company said in the proxy. The shares were sold between Sept. 15 and Sept. 30, when the stock traded between $11.31 and $21.94. NetSol gained 31 cents to $9.19 today. Ghauri declined to comment on the stock sale. NetSol, then known as Mirage Holdings Inc., went public in 1998 as an importer of exotic clothing from Pakistan. That business soon soured and it bought a software company from Najeeb's brother, Salim Ghauri, and changed its name to NetSol. For the fiscal year ended June 30, NetSol's loss doubled to about $3.4 million, or 35 cents a share, from $1.6 million, or 44 cents, on fewer shares. Revenue rose to about $7 million from $3 million. The shares have dropped 89 percent from their May high, creating a paper loss of $150 million for the company's largest shareholder, the Blue Water hedge fund group of Manhasset, New York. The fund owns 19 percent, or 2.1 million shares. Nov/01/2000 18:31 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: jjs64 who wrote (83)	11/28/2000 1:17:01 PM
From: StockDung	Respond to of 181

I was wondering why the otcjournal was sending email after email after email saying to buy NTWK. This was no surprise to me; By: Tidewaters $$$ Reply To: None Tuesday, 28 Nov 2000 at 11:32 AM EST Post # of 6295 1. GHAURI, NAEEM DIR 345,000 144 - - $1.73 - - 11/20/2000 2. GHAURI, SHAHAB DIR 235,000 144 - - $1.18 - - 11/15/2000 3. KAMAL, SHAHID EMP 11,000 144 11/3/2000 - $0.12 - - 11/22/2000 4. GHAURI, NAJEEB U. DIR 72,900 S 9/30/2000 - 9/20/2000 - - 840,850 D 10/27/2000 5. SIKANDAR, ATIYA - 5,500 144 9/26/2000 - - - - 10/24/2000 6. KHAN, HASIB P 18,000 144 - - $0.47 - - 9/22/2000 7. HAIDER, WASEEM & SHEHLA EMP 25,000 144 9/19/2000 - - - - 10/9/2000 8. MARKET PATHWAYS - 17,500 144 9/1/2000 - $0.47 - - 9/14/2000 9. SIKANDAR, ATIYA - 2,000 144 8/18/2000 - - - - 9/12/2000 10. GEORGESON, JAMAI E. - 500 144 - - $0.01 - - 7/13/2000 11. BAW, JAN EMP 2,000 144 7/11/2000 - $0.06 - - 7/21/2000 12. KAMAL, SHAHID EMP 17,000 144 7/10/2000 - $0.44 - - 7/24/2000 13. KHAN, KAMRAN EMP 1,000 144 7/6/2000 - $0.05 - - 9/21/2000 14. TEJEDA, E.J. & C. H. - 500 144 6/15/2000 - $0.01 - - 7/6/2000 15. TACK, BRETT - 200 144 6/9/2000 - $0.01 - - 7/7/2000 16. GHAURI, NAEEM COO 10,000 B 5/19/2000 $18.00 - 1,386,416 D 6/6/2000 17. BLUE WATER MSTR FD LP B/O 153,400 B 2/18/2000 - 2/2/2000 $41.50 - $19.00 - - D 8/29/2000 18. BLUE WATER MSTR FD LP B/O 57,000 S 2/16/2000 - 2/7/2000 $31.63 - $21.00 - 1,593,000 D 8/29/2000 19. GHAURI, NAJEEB M. - 15,000 144 8/18/1999 - $0.08 - - 8/24/1999 (Voluntary Disclosure: ST Rating- Strong Sell; LT Rating- Strong Sell) ragingbull.altavista.com