Posted On: 11/20/2015 10:07:54 PM
Post# of 96881
JJ and Goinsouth, I think you have it wrong. There is a particular procedure that NTEK has to go to to be required to distribute NTGL stock to shareholders as a dividend. They have to be declared by the Board of Directors - I don't think this has been done. Instead I think it can be argued that they brought this up as a possibility (even though we may have thought it was a done deal). There are certain other requirements also, but I think this may be the biggest because their were caveats that were announced at the same time - i.e., audit has to be completed and attorneys have to pass on the deal. Leaves things in the air. We can hope and I for one hope I'm wrong. Guess time will tell.
(0)
(0)
Scroll down for more posts ▼