Posted On: 11/22/2015 10:49:16 PM
Post# of 96869
Disco Bob...
Regarding divestiture of Clear Memories. An agreement is in place for this transaction. Whether it is completed or not is unknown.
http://www.otcmarkets.com/financialReportView...;id=147231
Regarding divestiture of Clear Memories. An agreement is in place for this transaction. Whether it is completed or not is unknown.
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5)
On July 1, 2015 NanoTech agreed to divest its interest in clear memories in exchange for returned ntek shares issued in the original acquisition.
http://www.otcmarkets.com/financialReportView...;id=147231
Quote:
At the last SHM Al Stone said that they were divesting Clear Memories Ice Carving and 3-D divisions since they no longer fit where NTEK is moving. He said they were discussing how the divesture should occur to benefit the shareholders whether there would be a spin off like NTGL or cash distribution, etc. So maybe this is partially what the proxy may address. In the mean time no official PR was issued so those deals may not have been done although not mention in quarterly I didn't notice a sale or monetary gain listed which would effect PPS.
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