[118898] in Cypherpunks
NTWK- New All Time High and New Stock Game Rules
daemon@ATHENA.MIT.EDU (OTC Journal Newsletter)
Sat Oct 9 20:52:52 1999
Date: Sat, 9 Oct 1999 16:15:18 -0700
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------------------------------------------------------------------------
OTC Journal
October 9, 1999 Volume II, Issue 47
Email : info@otcjournal.com
URL : http://www.otcjournal.com
To OTC Journal Members:
Netsol International (OTC BB: NTWK) Hits New All Time High
Netsol International (OTC BB: NTWK), our best and first profile of 1999
closed at an all time high of $6 on Friday.
We originally profiled this company on January 15th. The Company was
named Mirage Holdings at the time, and closed at $3.75 that day. Since
January 15th this company's stock traded as low as $1.6875. The company
ejected several unprofitable divisions, completed a number of
acquisitions, and has applied for a full NASDAQ listing.
Friday's close of $6 puts the stock at an all time high. It also
represents a 60% return from the price we originally profiled this
Company. This performance is remarkable when one considers that since
the market sell-off which began in July micro cap stocks have been
trading very poorly on extremely thin volume.
We have provided our members with 20 separate updates on the progress of
this company since the January 15th release date. Click Here if you
wish to review the archive that contains all of our 20 editions.
On October 1st there was a filing with the SEC which helps explain this
stock's outstanding performance. It was disclosed in this 13-G SEC
filing that Blue Water Partners had accumulated 561,000 shares of NetSol
International's common stock in open market purchases. This represents
nearly 1/3 of the estimated public float.
A 13-G filing is required when an entity acquires more than 5% or more
of a Public Company's outstanding shares.
Blue Water Partners is an off-shore hedge fund set up in the British
Virgin Islands. In the SEC filing it is disclosed that the fund is
managed by Wall Street Guru Jonathan D. Iseson from his Long Island
office.
If you wish to read this SEC filing yourself, simply click here, and a
web page will automatically open with the full
document.
NetSol International provides high quality, low cost computer
programming services through its Pakistani based operation. They are
the only ISO 9001 certified software company is Pakistan. There are
approximately 140 programmers working there, and they are well known for
developing the leasing software for Mercedes-Benz finance companies
world wide.
There is only one publicly traded comparable company. Looking at the
other company may give us a clue as to why a sophisticated hedge fund
manager might want to accumulate such a large position in a small
company like NetSol.
Infosys Technologies (NASDAQ: INFY)
Infosys Technologies came public in mid March of this year, and opened
for trading in the $49 range. Friday it closed at $174 per share for a
255% return this year.
Infosys is an India based software solutions company. Head quartered in
Karnataka, India, this company enjoys about $250 million in annual
sales, and the stock has been a market leader this year.
NetSol International is a miniature version of Infosys in a sister
country. The following table will give you a quick overview of the two
companies, and how they compare:
Company Estimated Annual Number of
Sales Market Employees
Capitalization
Infosys $250 Million 10.4 Billion 3770
NetSol
International 15 Million 50 Million 140
Key Points:
* Netsol has 6% of the sales volume of Infosys.
* Netsol has 3.7% of the number of employees as compared to Infosys.
* Netsol has .004% of the Market Capitalization of Infosys. (we
think we did the math right)
Perhaps fund manager Jonathan Iseson likes the comparative valuations.
With 6% of the sales volume and .004% of the market valuation an
argument could be made that NetSol is undervalued as compared to
Infosys.
NetSol has been our biggest winner of 1999. We believe in sticking with
the winners. We can only hope that many of our members are still
holding this stock, and watching it appreciate in a tough market for
small stocks. You have a sophisticated fund manager right in there with
you.
If you don't own this security, you might want to return to our archive
and give it another look. It has been our experience that winners
continue to be winners.
------------------------------------------------------------------------
1st Net's $36,000 Stock Challenge
We are one week into our second month of the Stock Game. If you are not
competing now, you should sign up and start play.
In our Virtual Stock Game contestants are assigned $100,000 in virtual
money when enrolling. You can then buy and sell stocks. At the end of
each month cash prizes are awarded to the three best performing
portfolios according to the following schedule:
* $1,500 for 1st Place
* $1,000 for 2nd Place
* $500 for 3rd Place
You can sign up to play the Stock Game at the following web site:
http://www.1stnetstockgame.com.
We discovered that a small numbers of players in the first month were
using loopholes in the technology to create artificial profits that
couldn't possibly be replicated in the real world, so we made some rule
changes. They are as follows:
* No stocks under $1.
* All buy trades will be executed at the offer.
* All sell trades will be executed at the bid.
* The game will prevent players from selling any shares they have
purchased until at least two hours have passed.
* No trades over 10,000 shares.
We believe that these new rules will create a much more realistic
trading environment. Good luck.
We have two companies sponsoring the Stock Game this month.
StockGroup.com, which has recently introduced its new supersite for
small and micro cap investors. Please visit their new super site at
www.smallcapcenter.com.
Our other sponsor is an on-line brokerage firm that we believe is the
best on-line firm in existence today for active traders: Trade Portal.
Their trade execution software and back up systems are the best in the
industry. Please visit their web site at www.TRADEPORTAL.com
------------------------------------------------------------------------
Links to Free Downloads
* 1st Net and InterVu Audience Manager Software
* InterVu EyeQ Multimedia Manager
* Crayon Crawler - Web safe environment for Children
------------------------------------------------------------------------
Disclaimer
The OTCjournal.com Newsletter is an independent electronic publication
committed to providing our readers with factual information on selected
publicly traded companies. All companies are chosen on the basis of
certain financial analysis and other pertinent criteria with a view
toward maximizing the upside potential for investors while minimizing
the downside risk, whenever possible. All statements and expressions are
the sole opinions of the editors and are subject to change without
notice. This profile is neither an offer nor solicitation to buy or sell
any securities mentioned. This newsletter is owned by SSP Management,
Inc, a wholly owned subsidiary of 1st Net Technologies, Inc ("1st
Net"). While we believe all sources of information to be factual and
reliable, in no way do we represent or guarantee the accuracy thereof,
nor the statements made herein. The editor, members of the editor's
family, and/or entities with which they are affiliated, may own stock in
and have other financial dealings with the companies who appear in the
publication. To that degree, this newsletter should not be regarded to
be an independent publication. SSP Management, the parent company of
the OTC Journal, has been paid a fee of $50,000 in cash, and 50,000
shares of restricted stock as compensation for representing Netsol
International for a period of one year. The OTCjournal.com critiques
may contain forward looking statements relating to the expected
capabilities of the companies mentioned herein.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE
BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS
SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN
THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND
MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED,
WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com.
We encourage our readers to invest carefully and read the investor
information available at the web sites of the Securities and Exchange
Commission ("SEC") at http://www.sec.gov and/or the National Association
of Securities Dealers ("NASD") at http://www.nasd.com. We also
strongly recommend that you read the SEC advisory to investors
concerning Internet Stock Fraud, which can be found at
http://www.sec.gov/consumer/cyberfr.htm. Readers can review all public
filings by companies at the SEC's EDGAR page. The NASD has published
information on how to invest carefully at its web site.
------------------------------------------------------------------------
You can unsubscribe from this list at any time by Clicking Here and
HITTING SEND. If you are having difficulty removing yourself or wish to
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<center><b><font face="Verdana, Arial, Helvetica, sans-serif"><font color="#000066"><font size=+3>OTC
Journal</font></font></font></b></center>
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<tr BGCOLOR="#000066">
<td VALIGN=BOTTOM><b><font face="Verdana"><font color="#FFFFCC">October
9, 1999</font></font></b></td>
<td VALIGN=BOTTOM>
<div align=right><b><font face="Verdana"><font color="#FFFFCC">Volume II,
Issue 47</font></font></b></div>
</td>
</tr>
</table></center>
<p><font face="Verdana"><font size=-1>Email : <a href="mailto:info@otcjournal.com">info@otcjournal.com</a></font></font>
<br><b><font face="Verdana"><font size=-1>URL : <a href="http://www.otcjournal.com/">http://www.otcjournal.com</a></font></font></b>
<p><b><font face="Verdana"><font size=-1>To OTC Journal Members:</font></font></b><b><font face="Verdana"><font size=-1></font></font></b>
<p><b><u><font face="Verdana">Netsol International (OTC BB: NTWK) Hits
New All Time High</font></u></b>
<p><b><font face="Verdana"><font size=-1>Netsol International (OTC BB:
NTWK), our best and first profile of 1999 closed at an all time high of
$6 on Friday.</font></font></b><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>We originally profiled this company
on January 15th. The Company was named <b>Mirage Holdings</b> at
the time, and closed at $3.75 that day. Since January 15th this company's
stock traded as low as $1.6875. The company ejected several unprofitable
divisions, completed a number of acquisitions, and has applied for a full
<b>NASDAQ listing</b>.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1><b><u>Friday's close of $6 puts the
stock at an all time high</u></b>. It also represents a 60% return
from the price we originally profiled this Company. This performance
is remarkable when one considers that since the market sell-off which began
in July micro cap stocks have been trading very poorly on extremely thin
volume.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>We have provided our members with
20 separate updates on the progress of this company since the January 15th
release date. <a href="http://www.otcjournal.com/archive.html?company=ntwk">Click
Here</a> if you wish to review the archive that contains all of our 20
editions.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>On October 1st there was a filing
with the SEC which helps explain this stock's outstanding performance.
It was disclosed in this 13-G SEC filing that <b><u>Blue Water Partners
had accumulated 561,000 shares of NetSol International's common stock in
open market purchases. This represents nearly 1/3 of the estimated
public float.</u></b></font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>A 13-G filing is required when an
entity acquires more than 5% or more of a Public Company's outstanding
shares.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1><b>Blue Water Partners</b> is an
off-shore hedge fund set up in the British Virgin Islands. In the
SEC filing it is disclosed that the fund is managed by Wall Street Guru
<b>Jonathan D. Iseson</b> from his Long Island office.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>If you wish to read this SEC filing
yourself, simply <a href="http://www.sec.gov/Archives/edgar/data/1039280/0000950137-99-003557.txt">click
here</a>, and a web page will automatically open with the full</font></font>
<br><font face="Verdana"><font size=-1>document.</font></font><font face="Verdana"><font size=-1></font></font>
<p><b><font face="Verdana"><font size=-1>NetSol International</font></font></b><font face="Verdana"><font size=-1>
provides high quality, low cost computer programming services through its
Pakistani based operation. They are the only ISO 9001 certified software
company is Pakistan. There are approximately 140 programmers working
there, and they are well known for developing the leasing software for
<b>Mercedes-Benz</b> finance companies world wide.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>There is only one publicly traded
comparable company. Looking at the other company may give us a clue
as to why a sophisticated hedge fund manager might want to accumulate such
a large position in a small company like <b>NetSol</b>.</font></font><font face="Verdana"><font size=-1></font></font>
<p><b><u><font face="Verdana"><font size=-1>Infosys Technologies (NASDAQ:
INFY)</font></font></u></b><b><u><font face="Verdana"><font size=-1></font></font></u></b>
<p><b><font face="Verdana"><font size=-1>Infosys Technologies</font></font></b><font face="Verdana"><font size=-1>
came public in mid March of this year, and opened for trading in the $49
range. <b>Friday it closed at $174 per share for a 255% return this
year.</b></font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1><b>Infosys</b> is an India based
software solutions company. Head quartered in Karnataka, India, this
company enjoys about $250 million in annual sales, and the stock has been
a market leader this year.</font></font><font face="Verdana"><font size=-1></font></font>
<p><b><font face="Verdana"><font size=-1>NetSol International</font></font></b><font face="Verdana"><font size=-1>
is a miniature version of <b>Infosys</b> in a sister country. The
following table will give you a quick overview of the two companies, and
how they compare:</font></font>
<br><font face="Verdana"><font size=-1></font></font>
<table BORDER COLS=4 WIDTH="100%" >
<tr>
<td>
<center><b><u><font face="Verdana"><font size=-1>Company</font></font></u></b></center>
</td>
<td>
<center><b><u><font face="Verdana"><font size=-1>Estimated Annual Sales</font></font></u></b></center>
</td>
<td><b><font face="Verdana"><font size=-1></font></font></b>
<center>
<br><b><u><font face="Verdana"><font size=-1>Market Capitalization</font></font></u></b></center>
<b><font face="Verdana"><font size=-1></font></font></b></td>
<td>
<center><b><u><font face="Verdana"><font size=-1>Number of Employees</font></font></u></b></center>
</td>
</tr>
<tr>
<td>
<center><b><font face="Verdana"><font size=-1>Infosys </font></font></b></center>
</td>
<td>
<center><b><font face="Verdana"><font size=-1>$250 Million</font></font></b></center>
</td>
<td>
<center><b><font face="Verdana"><font size=-1>10.4 Billion</font></font></b></center>
</td>
<td>
<center><b><font face="Verdana"><font size=-1>3770</font></font></b></center>
</td>
</tr>
<tr>
<td>
<center><b><font face="Verdana"><font size=-1>NetSol International</font></font></b></center>
</td>
<td>
<center><b><font face="Verdana"><font size=-1>15 Million</font></font></b></center>
</td>
<td>
<center><b><font face="Verdana"><font size=-1>50 Million</font></font></b></center>
</td>
<td>
<center><b><font face="Verdana"><font size=-1>140</font></font></b></center>
</td>
</tr>
</table>
<font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>Key Points:</font></font>
<ul>
<li>
<b><font face="Verdana"><font size=-1>Netsol has 6% of the sales volume
of Infosys.</font></font></b></li>
<li>
<b><font face="Verdana"><font size=-1>Netsol has 3.7% of the number of
employees as compared to Infosys.</font></font></b></li>
<li>
<b><font face="Verdana"><font size=-1>Netsol has .004% of the Market Capitalization
of Infosys. (we think we did the math right)</font></font></b></li>
</ul>
<font face="Verdana"><font size=-1>Perhaps fund manager <b>Jonathan Iseson</b>
likes the comparative valuations. With 6% of the sales volume and
.004% of the market valuation an argument could be made that <b>NetSol</b>
is undervalued as compared to<b> Infosys</b>.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1><b><u>NetSol</u></b> has been our
biggest winner of 1999. We believe in sticking with the winners.
We can only hope that many of our members are still holding this stock,
and watching it appreciate in a tough market for small stocks. You
have a sophisticated fund manager right in there with you.</font></font><font face="Verdana"><font size=-1></font></font>
<p><font face="Verdana"><font size=-1>If you don't own this security, you
might want to return to our archive and give it another look. It
has been our experience that winners continue to be winners.</font></font>
<br>
<hr WIDTH="100%">
<br><b><u><font face="Verdana">1st Net's $36,000 Stock Challenge</font></u></b>
<p><font face="Verdana"><font size=-1>We are one week into our second month
of the Stock Game. If you are not competing now, you should sign
up and start play.</font></font>
<p><font face="Verdana"><font size=-1>In our <b>Virtual Stock Game</b>
contestants are assigned $100,000 in virtual money when enrolling.
You can then buy and sell stocks. At the end of each month cash prizes
are awarded to the three best performing portfolios according to the following
schedule:</font></font>
<ul>
<li>
<font face="Verdana"><font size=-1>$1,500 for 1st Place</font></font></li>
<li>
<font face="Verdana"><font size=-1>$1,000 for 2nd Place</font></font></li>
<li>
<font face="Verdana"><font size=-1>$500 for 3rd Place</font></font></li>
</ul>
<font face="Verdana"><font size=-1>You can sign up to play the <b>Stock
Game</b> at the following web site: <a href="http://www.1stnetstockgame.com">http://www.1stnetstockgame.com</a>.</font></font>
<p><font face="Verdana"><font size=-1>We discovered that a small numbers
of players in the first month were using loopholes in the technology to
create artificial profits that couldn't possibly be replicated in the real
world, so we made some rule changes. They are as follows:</font></font>
<ul>
<li>
<b><font face="Verdana"><font size=-1>No stocks under $1.</font></font></b></li>
<li>
<b><font face="Verdana"><font size=-1>All buy trades will be executed at
the offer.</font></font></b></li>
<li>
<b><font face="Verdana"><font size=-1>All sell trades will be executed
at the bid.</font></font></b></li>
<li>
<b><font face="Verdana"><font size=-1>The game will prevent players from
selling any shares they have purchased until at least two hours have passed.</font></font></b></li>
<li>
<b><font face="Verdana"><font size=-1>No trades over 10,000 shares.</font></font></b></li>
</ul>
<font face="Verdana"><font size=-1>We believe that these new rules will
create a much more realistic trading environment. Good luck.</font></font>
<p><font face="Verdana"><font size=-1>We have two companies sponsoring
the Stock Game this month. <b>StockGroup.com</b>, which has recently
introduced its new supersite for small and micro cap investors. Please
visit their new super site at <a href="http://www.smallcapcenter.com.">www.smallcapcenter.com.</a></font></font>
<p><font face="Verdana"><font size=-1>Our other sponsor is an on-line brokerage
firm that we believe is the best on-line firm in existence today for active
traders: </font><b><u>Trade Portal</u></b><font size=-1>. Their trade
execution software and back up systems are the best in the industry.
Please visit their web site at <a href="http://www.TRADEPORTAL.com">www.TRADEPORTAL.com</a></font></font>
<br>
<hr WIDTH="100%">
<br><b><u><font face="Verdana"><font color="#000000">Links to Free Downloads</font></font></u></b>
<ul>
<li>
<font face="Verdana"><font size=-1><a href="http://www.otcjournal.com/webcast.html">1st
Net and InterVu Audience Manager Software</a></font></font></li>
<li>
<font face="Verdana"><font size=-1><a href="http://www.intervu.com/eyeq/index.html">InterVu
EyeQ Multimedia Manager</a></font></font></li>
<li>
<font face="Verdana"><font size=-1><a href="http://www.crayoncrawler.com">Crayon
Crawler - Web safe environment for Children</a></font></font></li>
</ul>
<hr WIDTH="100%">
<br><b><font face="Verdana"><font size=-1>Disclaimer</font></font></b>
<p><font face="Verdana"><font size=-1>The OTCjournal.com Newsletter is
an independent electronic publication committed to providing our readers
with factual information on selected publicly traded companies. All companies
are chosen on the basis of certain financial analysis and other pertinent
criteria with a view toward maximizing the upside potential for investors
while minimizing the downside risk, whenever possible. All statements and
expressions are the sole opinions of the editors and are subject to change
without notice. This profile is neither an offer nor solicitation to buy
or sell any securities mentioned. This newsletter is owned by SSP Management,
Inc, a wholly owned subsidiary of 1st Net Technologies, Inc ("1st Net").
While we believe all sources of information to be factual and reliable,
in no way do we represent or guarantee the accuracy thereof, nor the statements
made herein. The editor, members of the editor's family, and/or entities
with which they are affiliated, may own stock in and have other financial
dealings with the companies who appear in the publication. To that
degree, this newsletter should not be regarded to be an independent publication.
SSP Management, the parent company of the OTC Journal, has been paid a
fee of $50,000 in cash, and 50,000 shares of restricted stock as compensation
for representing Netsol International for a period of one year. The
OTCjournal.com critiques may contain forward looking statements relating
to the expected capabilities of the companies mentioned herein.</font></font>
<p><font face="Verdana"><font size=-1>THE READER SHOULD VERIFY ALL CLAIMS
AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED.
INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS
OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT
THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com.</font></font>
<p><font face="Verdana"><font size=-1>We encourage our readers to invest
carefully and read the investor information available at the web sites
of the Securities and Exchange Commission ("SEC") at <a href="http://www.sec.gov/">http://www.sec.gov</a>
and/or the National Association of Securities Dealers ("NASD") at <a href="http://www.nasd.com/">http://www.nasd.com</a>.
We also strongly recommend that you read the SEC advisory to investors
concerning Internet Stock Fraud, which can be found at <a href="http://www.sec.gov/consumer/cyberfr.htm">http://www.sec.gov/consumer/cyberfr.htm</a>.
Readers can review all public filings by companies at the SEC's EDGAR page.
The NASD has published information on how to invest carefully at its web
site.</font></font>
<br>
<hr WIDTH="100%">
<br><font face="Verdana"><font size=-1>You can unsubscribe from this list
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