Ann: Casa Systems and NetComm Recommended Transaction, page-139

Hi @EduG

Thanks for joining HC today and choosing to use your first post on Netcomm.

Management was using these international names in every one of their presentations.

If this was simply name dropping and the “deals” were nothing more than a couple teleconferences, then Management have misled shareholders.

GSW have been raked over the coals for this very practice (see below).

GSW claimed deals with Pizza Hut but it was one franchisee.

Have Netcomm simply sold a small batch of CPE to a US carrier and nothing else?

You can’t plant multinational organisations in your announcements, their market cap and a perceived market size (insert 5G, Fixed Wireless, FTTC etc) and then have nothing tangible to back up the relationship with the named entity.

This is what broker reports are for and most people know to use these artefacts at their peril and to half any projected price targets.

The fact is Management spruiked these names, not paid-for-comment brokers and they claimed there would be company making deals from these discussions.