To: I Am John Galt who wrote (1744 ) 2/26/1998 4:45:00 PM From: BlackStar Respond to of 18444
I'll have a crack at this. Don't worry Matty, I think you are doing just fine. :)But don't you see the point I'm making? The people at NETZ might've been brilliant to choose an OTC:BB because it becomes an option! I don't want to respond directly to OtherChap for obvious reasons but I want to add something here. The actual degree of illegality of 'withholding' audited financials is at the very best an arbitrary judgement. In our case it is up to NETZ to hold on to and 'hone' those figures for a reasonably long period of time. I want to see them just as soon as the next guy. But as I said before, timing can be put to good use here. In short: a smart company will not just post those figures without taking the PR effect into account. It doesn't happen with NETZ and it sure as h*ll (pardon my french) doesn't happen with the M$FT:s of the world.And the people with 18 million shares become rich when the acquisitions are made and the revenues are reinvested! Key officers having substantial positions of stock in the company they're running is a good way to ensure motivation. Having very large amounts of stock 'inside the nest' can also be a set stage for P&D... This cuts both ways, and your level of trust in the company decides which scenario you choose.I might be onto something here! Think about it. Let's say NETZ knew about DoubleClick being in first place way back in September. They had a great deal of ground to cover before they could appear as big as them. So, as opposed to going through the IPO process and all the Nasdaq hoopla, they quickly became a public company by taking a shell and becoming an OTC:BB. Your supposition is fairly close to mine. I think the NETZ we see today is as much a result of focused deliberation and funds as of plain luck.What does Meatchum get out of this? Same thing! Cash and stock, and the cash was reinvested back into the company! Just one point about Meachem that I haven't seen around. I don't know if that many realizes that this guy is comfortable talking to governments . He did this with astounding success during his time at BMW and he has shown great adaptability in 'taking over' organizations. If I say car racing, I am sure some one can help me out here by reposting some background on this remarkable personal asset to NETZ. I mean, he recently got sent to the city looking for investment institutions to retain. I bet that the portfolio seen under his arm contained at least the unaudited financials. I am, of course, not able to prove any of this but I am sure that a few fund managers of NETZ choise has a very good grasp of what NETZ is and what it will be.Now we come to the acquisition of Softbank. Just one thing. A controlling interest in SIM is sufficient for NETZ to get the changes that they need made done. I am sure that those changes had something to do with Mrs (Miss?) Vanderlips parting. NETZ is currently in the process of grafting ECHOmedia onto SIM and to make the union solid. Remember that SIM has traditionally lacked technical excellence compared to its former competitors. They now have ECHOmedia and Universal Commerce. I mean, stand back folks...