To: TokyoMex who wrote (1726 ) 2/26/1998 12:30:00 AM From: I Am John Galt Respond to of 18444
Hi TokyoMex. It's refreshing to have you back. I missed you. Me and boogieman were discussing going down to your restaurant and having a dinner. We'll use our NETZ profits to pay. Softbank Interactive Marketing is just one of many companies. Again, Softbank holdings didn't need this company. They're trying to create an image for themselves that don't include web advertising. I think that NETZ got Softbank Interactive Marketing for a bargain price, TokyoMex. You're probably right about the 4-5 million dollars. Softbank Interactive Marketing was just not part of Softbank Holding's image anymore. So they retained 35% of the company and let someone else run the damn thing. I think one of the reasons NETZ got it so cheap is because of the 35% retainer. Softbank didn't sell themselves out to Echomedia. They sold themselves out to netmastergroup.com . Softbank probably made 50 million in revenues, and NETZ made -11 for acquisitions. IMO, You're wrong about the revenues not going back into the company. Softbank's revenues were probably reinvested in the company to make it grow. But think about how much of a mess these financials must be; all of these companies are private and they have to go through past histories of each one. I'm assuming Universal Commerce is the worst of the bunch. I dunno how well they kept their financials in line. They bought softbank interactive marketing; they're going elsewhere. They may not be done acquiring. Give them time. The more I think about it, the more it makes sense that the financials aren't released yet. Basically, this is how I see it. They don't have to release financials until they're at a comfortable position to start reporting. When they're sure they have that comfort level locked up, they can start reporting and the real investors jump in. How successful would financials have been without Softbank Interactive Marketing? I remember we were complaining about no release of financials, when in fact they may've been really bad because of acquisition fee loss. Revenues would've been in the negatives. Remember, NETZ itself doesn't make any serious money; it's subsidiaries do. You're right about the shareholders not having a right to voice their opinion in this stock to the company. But let me put it this way, Joe. Let's say you see a shell that you rename TMEX and do a 500:1 reverse split. And let's say you have all this money from an investor/shares sold that you use to buy up all these companies. You promise that you won't dilute the stock(which the company has promised us that), but you use up a great deal of money to buy companies that have a great potential. Web Companies like echomedia don't have serious assets. They have products that have potential for growth. Combined with a network, such as simweb, they could be huge conglomerates of growth. These companies could appear small on financials, but they weren't bought for the worth of the company; they were bought for the potential of growth. So although Softbank Interactive Marketing made 50,000,000 last year, their company might be very small and not much in terms of size! You see why they're doing what they're doing? DoubleClick has been around longer than NETZ has, so they may appear a great deal bigger because of the revenues that have already been influxed with! The only thing determining the size of these companies is revenues, and I know NETZ is waiting for Softbank Interactive Marketing to start making money for them so they can report that! That's where you have to look at it from TMex. You see kinda what I'm saying? From a business standpoint, it's not in their best interest to release the financials! At least, not until now! Again, I could've just shown a complete lack of understanding for the way financials work. Please correct me if I'm wrong :o) Matty Gregg