Posted On: 09/03/2015 1:28:54 PM
Post# of 96881
Atlas thanks for your excellent insight and for confirming it has been the steady dilution that has kept the SP at a penny. This just goes to prove that with a penny stock (even with all the fantastic recent achievements and NTEK accomplishments a steady flow of share selling will always trump everything else. The MM's know it and are happy to prove it each and every time along with their naked short cohorts.
I expect MGT to keep their word on no further A/S raise. Hopefully when NTGL is sold off NTEK can cash in their NTGL gains from the sale (NTEK holds 80% stake in NTGL) and this would prevent any need for another round of an A/S increase. Who knows maybe they will even be showing a profit if they can get more of the A- list title uploaded
Looks as if we still have approx another 100M of NTEK share selling and is there anyone here foolish enough to think they won't sell every last share available.
I expect MGT to keep their word on no further A/S raise. Hopefully when NTGL is sold off NTEK can cash in their NTGL gains from the sale (NTEK holds 80% stake in NTGL) and this would prevent any need for another round of an A/S increase. Who knows maybe they will even be showing a profit if they can get more of the A- list title uploaded
Looks as if we still have approx another 100M of NTEK share selling and is there anyone here foolish enough to think they won't sell every last share available.
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