To: Riley G who wrote (2039 ) 2/27/1998 8:34:00 AM From: BlackStar Respond to of 18444
Learn to invest. The restricted are the insiders Rule 144 shares. They can not legally be sold unless they file with the SEC. Wait NETZ is a non-reporting company. A 144 flags for the potential sale or buy of restricted shares. True. The prerequisite is a reporting company. NETZ is not yet reporting. We will se 144's when NETZ is reporting. Now, how, exactly does this translate into the statement you made, that the figure representing the aggregate of restriced shares is illegal to disseminate? I am asking out of interest.NETZ needs to file a 12(G) to become reporting and accountable to shareholders. At present NETZ could never get to AMEX or NASDAQ small or national cap. I can see 1-3 reverse split in the next 6 months or sooner for this to happen. Noone, I hope, is saying that NETZ is eligible for a big board listing today. That is not so if I understand the SEC rules. The possibility of a reverse split is something to consider seriously. As I have said before, NETZ could use this to accelerate their progress towards NASDAQ. Since you have portrayed yourself as a nay I think it is fair to regard your 1 for 3 split as 'conservative'. In reality it would turn a potential 40 to 50 bagger ($.2 to $10) into, say, a 10 bagger ($.6 adjusted to $10 real). And faster than if NETZ relies on the market to carry them to the big board. A bad thing? Not in my book. I feel I am holding back on the numbers here...Those longs in NETZ should call their stock certificates if they plan on being here for a while. I don't think it will make any significant difference if shares are held as paper or street. But do go ahead and do whatever feels best for you. IMO, doing the cert thing only locks potentially bitter investors into a situation they cannot control. Better to stay liquid and move in and out of the stock as the level of confidence changes. Street simply gives more options. I'd rather have happy investors going into and out of the stock than frustrated locked up ones. Just my opinion, do whatever...