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   Microcap & Penny StocksNTWK OTC BB Netsol International Inc (Formerly MGHI)


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To: QualityStocks who wrote (173)9/5/2010 12:06:18 PM
From: alenor
   of 181
 
Thanks.
Looks like the $1.00, necessary to hold Exchange status, will likely hold.
alen

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From: alenor9/17/2010 6:03:58 PM
   of 181
 
A great day for NTWK.
High volume and higher share price.
Have some idea why but cannot confirm.
alen

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From: alenor9/27/2010 8:40:39 AM
   of 181
 
News out :"NetSol Technologies Regains Full NASDAQ Compliance

2010-09-27 06:55 ET - News Release

CALABASAS, Calif., Sept. 27, 2010 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (Nasdaq:NTWK) (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that NASDAQ has notified the Company that it has regained compliance with the minimum bid price requirement in Listing Rule 5550(a)(2) and met the requirements of the NASDAQ Listing Qualification Panel (the "Panel") decision dated March 22, 2010. Accordingly, the Panel has determined to continue the listing of the Company's common stock on the NASDAQ Capital Market exchange.

The letter from NASDAQ stated that on March 22, 2010, the Company was notified that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of the NASDAQ Stock Market. On September 23, 2010, the Company's closing price was $1.39 per share, the tenth consecutive day it had exceeded the $1.00 per share threshold. Accordingly, NetSol has regained compliance with all applicable listing rules."

What else can I say?
alen

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From: alenor2/10/2012 5:21:01 PM
   of 181
 
Today, NetSol was a winner.
Sure, it is still a long way to get back to $1.00+ but the gain and volume today, suggest something is about to happen here.
Worth a watch, at least!
alen

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From: alenor5/8/2012 4:37:41 PM
   of 181
 
After posting a very good 3rd quarter, I expected NTWK to gain enough to get back to the .70 level. It did in pre-market but never made it after.
Perhaps the last fund raising at 50 cents still weight on the share price...
Surprising that a 3 cents net per diluted share for the quarter means just about nothing...
alen

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From: alenor8/13/2012 10:14:54 AM
   of 181
 
NTWK just RS 10 to 1. That should complete the Exchange requirement.

" Company to Report Fiscal 2012 Financial Results on September 4

CALABASAS, Calif., Aug. 13, 2012 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today provided its outlook for its 2013 fiscal year which began on July 1, 2012 and announced the completion of a 1-for-10 reverse stock split.

Fiscal 2013 Outlook

"By many measures, fiscal 2012 was a year of great transformation for NetSol, evidenced by sequential quarters of revenue growth as well as earnings appreciation," said Najeeb Ghauri, CEO of NetSol. "Demand for our products has never been higher and I am fully confident in our teams' ability to lift NetSol to its next chapter of execution as fiscal 2013 gets under way."

In July, NetSol previewed its financial results for the fiscal fourth quarter and year ended June 30, 2012, which underscored its strongest year ever. Based on preliminary estimates, NetSol said it anticipated total revenue for the fiscal fourth quarter of approximately $11.6 to $12.6 million, and earnings per diluted share in the range of approximately $0.02 to $0.03. For the full fiscal year, the company anticipates total revenue in the range of $37 million to $38 million, translating to earnings per diluted share of $0.03 to $0.04. On a split-adjusted basis, as discussed below, this translates to earnings per diluted share of $0.30 to $0.40. NetSol plans to report its complete fiscal 2012 financial results on September 4, 2012.

Looking forward and based on projects currently underway, combined with a steady base of recurring revenue, and robust demand for the core NFS solution, particularly in the APAC region, among other ongoing initiatives, NetSol anticipates growing total annual revenue in the range of approximately $46 million to $49 million for fiscal 2013. On a split-adjusted basis as discussed below, the company also expects earnings per diluted share of $0.80 to $1.00 for the year, translating into earnings per diluted share growth of more than 100%.

"Throughout the past year we expanded our delivery footprint in the Asia pacific region, giving customers and prospects increased confidence, and as a direct result, have won a number of new contracts, several of which were signed late in the fourth quarter," said Ghauri. "Adding to that, we also have a number of potential new customers who have already expressed interest in our Next Generation cloud-based leasing solution, which bodes well for us as we move to launch the product over the next few months."

Reverse Stock Split Completed

NetSol's Board of Directors approved the proposed reverse stock split following shareholder approval received at the company's annual meeting held on August 6, 2012, and the 1-for-10 reverse split of NetSol's common stock took effect at 5 p.m. Eastern Time on August 12, 2012.

NetSol's common stock will begin trading on the NASDAQ Capital Market on a split-adjusted basis at the opening of trading this morning, with 64115A402 as its new CUSIP number. The company expects that NASDAQ will append a "D" to the ticker symbol, "NTWKD," to indicate the completion of the reverse split for a period of 20 days.

The reverse stock split affected all issued and outstanding shares of the company's common stock, as well as common stock underlying stock options, restricted stock units, and warrants immediately prior to the effectiveness of the reverse stock split. The reverse stock split reduced the number of shares of the company's common stock outstanding to approximately 7.5 million and the number of authorized shares of the company's common stock became approximately 15.0 million.

No fractional shares will be issued in connection with the reverse split. Stockholders who would otherwise hold a fractional share of the company's common stock will receive a cash payment in lieu of such fractional share based the closing sale price of the company's common stock on the business day immediately preceding the effective date of the reverse split as reported on the NASDAQ Capital Market, which is $0.45

Stockholders with shares held in book-entry form or through a bank, broker or other nominee are not required to take any action and will see the effect of the reverse stock split reflected in their accounts after August 13, 2012. Beneficial holders may contact their bank, broker or nominee for more information. Stockholders with shares held in certificate form are required to exchange their stock certificates for book-entry shares representing the shares of common stock resulting from the reverse split. Shortly after August 13, 2012, registered holders who hold stock in certificate form will receive a Letter of Transmittal and instructions for exchanging their certificates from the company's exchange agent, American Stock Transfer & Trust Company..."

alen

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From: StockDung8/4/2014 10:35:36 PM
   of 181
 
Attention NetSol Technologies, Inc. Investors: NetSol Misled Investors According to a Recently Filed Class Action

August 4
7:52 2014

SAN DIEGOand CALABASAS, Calif., Aug. 4, 2014 /PRNewswire/ Shareholder rights law firm Robbins Arroyo LLP announces that an investor of NetSol Technologies, Inc. (NTWK) has filed a federal securities fraud class action complaint in the U.S. District Court for the Central District of California, Western Division. The complaint alleges that the company and certain of its officers and directors violated the Securities Exchange Act of 1934 between November 12, 2009 and November 8, 2013 (the "Class Period"). NetSol designs, develops, markets, and exports software products primarily to the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.

NetSol Is Accused of Misrepresenting Its Financial Condition

According to the complaint, shares of NetSol dropped 30%, to close at $5.23 on November 8, 2013, following the release of NetSol's operations and financial conditions for the quarter ended September 30, 2013. In that release, the company reported increased expenses and materially decreased earnings and revenue and a bleak financial outlook. The complaint alleges that prior to the November 8, 2013 press release, the company had previously reported strong financial conditions and touted its potential for growth, specifically in relation to its next generation of Financial Suite (NFS) products. Yet, the complaint further alleges that: (i) NetSol's next generation product was not expected to be completed when the company had originally stated; (ii) NetSol's customers were not planning to replace the old legacy system with the new system; (iii) there was no reasonable basis for stating that development of the next generation of NFS would change the landscape for NetSol and increase its demand; and (iv) all internal data pointed to a continued business decline, not the growth the company represented.

NetSol Investors Are Encouraged to Contact Shareholder Rights Law Firm Robbins Arroyo LLP

If you invested in NetSol and would like to discuss your shareholder rights, please contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the information form on the firm's shareholder rights blog: www.robbinsarroyo.com/shareholders-rights-blog/netsol-technologies-inc.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising.Past results do not guarantee a similar outcome.

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
DDonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

Logo- http://photos.prnewswire.com/prnh/20130103/MM36754LOGO

SOURCE Robbins Arroyo LLP

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To: StockDung who wrote (180)8/6/2014 8:28:17 AM
From: alenor
   of 181
 
One of many pending court action (torts).
Will not help for sure. Will NTWK reply (again)?

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