My opinion So as was asked by HobbyDigger2 what do you see in the future for NETE!
**PLEASE COMMENT AND RATE**
After reorganizing my porfolio, I came across this company only due to the industry group it currently is in. Should I invest should I hold off.
So this is my opinion:
The shares are currently at $0.22 and are trading at an increase volume, when I look into a company I look at the trend, the momentum. It is so important as it is so hard to stop a trend, but a good indicator is a drastic change in volume to indicate a change in trend and this can be confirmed. So the the trend can and has the possibility of changing direction.
Revenue, Growth, Net Income, EPS has been indicated by the company to continue strong growth, EPS 2014 estimate at ($0.18) and EPS ($0.14) for 2015. Again, estimates show strong growth.
New name, debt restructuration and reverse stock split (1:10) to (1:30) has been approved.
Would I invest? , Yes (if they do not use there reverse stock split)
The trend needs to be first established and it seems its been gettingt support, if this continues for the following 3 months onto Q4, this would establish a trend change. Growth and Revenue has established this company as a legitamate company.
Concerns:
The reverse stock splits can ruin a company even if there are on an upwards momentum, for example if at q4-2015 they are at 0.40$ and they they excercise the lowest reverse split this would make the price jump to $4.00 at its lowest price to $12.0; and as anyone known it will make the stock plumit. A reverse stock split of 2:3 (so from $0.40 to $0.60) would be ideal, and if done, every quarter could lift the company to follow the trend it might gain, but what will likely
happen is a huge jump in stock price and a plumit spiral! This is exactly principle used by Microsoft in 1990's. Very scary to have seen NETE 1:30 reverse stock split approved!
This is again my opinion, **Please RATE THIS POST and REPLY**