Posted On: 01/23/2016 10:06:47 PM
Post# of 96881
Re: 2015invest #49451
This is as official as it can get a PR from the NTEK CEO on 12/1715. Please scroll down to the last line. I have no doubt NTEK will deliver the SH update NO LATER THAN FRIDAY as promised by our CEO. Sorry if some here are disbelievers of the company's official statement. Also the SH update is squarely under their control so any delays are inexcusable.
Moving forward, Mr. Foley will be implementing a go forward strategy which should not only bolster shareholder confidence, but help propel the company into even more significant accomplishments this quarter and entering into 2016. Some of the short term goals include:
- Working with financial consultants to define and implement a recapitalization plan that will substantially reduce debt early in 2016.
- Continue to expand the movie catalog including the addition of more major studio catalogs, original content, live events, and exclusive offerings
- Expand exclusive vertical channel offerings such as Armada TV and the San Francisco 49ers channels
- Continue to add new platforms and devices including Amazon Fire TV and Apple TV
- Identify acquisition targets in both the content and technology sectors to accelerate growth
- Establish regular communications and updates to shareholders every month
Moving forward, Mr. Foley will be implementing a go forward strategy which should not only bolster shareholder confidence, but help propel the company into even more significant accomplishments this quarter and entering into 2016. Some of the short term goals include:
- Working with financial consultants to define and implement a recapitalization plan that will substantially reduce debt early in 2016.
- Continue to expand the movie catalog including the addition of more major studio catalogs, original content, live events, and exclusive offerings
- Expand exclusive vertical channel offerings such as Armada TV and the San Francisco 49ers channels
- Continue to add new platforms and devices including Amazon Fire TV and Apple TV
- Identify acquisition targets in both the content and technology sectors to accelerate growth
- Establish regular communications and updates to shareholders every month
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