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$5.50 a share? It's all about out the greedFrom the Annual report Najeeb's new compensation Salary $800,000 $500,000 worth of shares $200,000 bonus Generous stock options Board also gets $120,000 worth of shares. These awards are not options, but shares which count against operational expenses and EBITDA, but don't use cash. 2017 Q1 Operational expenses rose more than expected, causing a GAAP loss. It is not difficult to see why expenses rose. See numbers above. Even more troublesome for me, is this subsidiary called Netsol Innovation. NTWK owns 51%. 49% is owned by? (Unknown to me - If someone knows, please let me know) Innovation had $8.1 million in revenue and paid a dividend to the minority interest owner(s) of just over $2 million dollars. That's 25% of revenue! That is outrageous. 2.5% would be more in line. Who owns Innovation? My guess is Najeeb and and other stooges. They paid themselves an additional $2 million on top of the millions they already received. Remember with 51% ownership, NTWK decides on the dividend. The question shareholders of NTWK have to continually ask is - Can NTWK make money faster than the Ghauri's can steal it? I thought yes, but this last quarter may have changed my mind. |
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