The official NETELLER thread. (First 40 days.) #1 of 2.

[gone.flying]

Some things to think about:

1. Even IF NT wanted to return money to the US customers, it no longer has the infrastructure to manage this - they've let most of the North American (Calgary) staff go. But do they really want to return that money quickly? imho not a chance.

2. Remember that the company is being run almost in camera at this time by its' executive officers who draw down nice salaries - they have surely resigned themselves to the fact that their share options are now worthless - there is thus little impetus for them to resolve things quickly. The stock isn't trading so even institutional shareholders can't apply the usual pressure. There is nothing whatsoever to indicate that there is any internal or external pressure on NT to resolve the situation quickly (and by quickly I'd count anything within the next 6 months as extremely quick) for the US guys.

3. Keep a CLOSE eye on NetBanx - it's a legitimate and very valuable NT subsidiary - if Netbanx is sold.....