It's sounds like the company wants to borrow 150 million shares to dole out to these new execs and incentivize several key acquisition targets, then buy back an amount equal to 100 million using 10% of it's profits. That of course is assuming that NTEK will be profitable and that 10% of those profits will cover the cost of a buyback. What happens if we aren't profitable, or if we are, but don't have enough to complete a full 100 million share buy back? What about the other 50 million are they not part of the buyback? How do you set aside that many shares, nearly double what our OS currently is, without diluting? Are they thinking about share selling restrictions maybe with hopes of an open market buyback to cover it before those shares come off restriction and can be sold in the open market? I think we need clarification on this as it seems a little vague.
I'm very pleased we have Paramount back up and running but I'd really like to see some new studio content uploaded so that we have a means to become profitable before we get into more talk about doling out millions of new shares even if they are restricted.
Maybe I'm missing it and there's a reasonable explanation as to how this is going to work without adversely affecting us. I'd love for David Foley to clarify NTEK's position for us so we can all go into the SHM with our eyes wide open.
Thanks in advance.
Atlas1
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Nanotech Entertainment Inc. (NTEK) Stock Research Links
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