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  • Loan Market Commentary 04/01/2010 [View instapost]
    History of Ness technologies

    2006 -Senior management trades shares at 8.42 $ exercise actual previleged share price 10.4 $ sec filings allegedly
    Dec, 2006 - raviv zoller and management team resigns
    Dec ,2006 - new ceo arrives
    2007 VP HR Ness India leaves
    2007-2008 indian ceo enters and leaves
    Dec,2007 - new cmo arrives
    Jan,2008 -ceo makes official announcement of mind reading technology allegedly
    2008- registering with Israel stock exchange,Germany stock exchange
    2008 second quarter-ness director hr india moves to Sungard (financial consortium 2005)
    2008 SEZ bangalore (tax exemption 11 year SEZ planning Budget declaration for 2008)
    2008 debt ,non gaap analysis in sec filings
    2008 first quarter Indian Israel conference
    2008 Restructuring of indian business house in verticals
    2009 sellout of asian(Japan,Singapore) business ,UK
    JULY 2009-10 Allocation of shares to senior management
    Dec 2009 cfo purchased 15000 shares on his own
    july 2010- Repurchase and resell of shares declaration by senior management sec filing
    -Serbanes Oxley Act 2002
    sept 2010 Rodman Renshaw conference ness technologies presents itself
    2010 chairman leaves
    2010 Indo Israel business alliance -dairy products foray ,satellite telecommunication
    2010 Raviv zoller IDI- business alliance
    2011 Scott Lawrence leaving
    2011 March - Ness technologies goes private ,financial consortium , taken off the stock exchange for brief period of time
    2011 massive debt clearance , paying off the bank debts,buyout debt,leveraged buyout paperwork charges.
    2011 Apax partners buying controlling stake in ness technologies (mostly buying shares from senior management)
    2011 Ceo leaving for Leadcom -edge of bankruptcy
    2011 cfo kicked up in wolfson microelectronics
    Source - VP Sungard HR and their loud mouth sycophanic ways
    Dec 23, 2010. 01:07 PM | Likes Like |Link to Comment
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