"The link is that if you owned NTEK on the 6th of Feb 2015, you will receive free shares of NTGL. Period." There is no implication here, he is saying that these two companies are separate and independent. There is zero link between the two besides that shareholders of NTEK receive some shares.
"NanoTech Entertainment (NTEK)...announced today that it has completed the acquisition of a controlling interest in High Velocity Enterprises, Inc. (HVEL) as part of an overall corporate reorganization. NTEK will place the NanoTech Gaming Labs division into HVEL which will include the division's IP portfolio and full gaming operations...Alan Stone, is the new Chairman and CEO of NanoTech Gaming where he will focus on licensing the portfolio of IP and the acquisition of global gaming licenses as well as the manufacture and distribution of gaming products. Alan and the other board members will be joined by Aaron Hightower, Senior VP of Gaming Technology who has accepted a board seat" There is also no implication here, NTEK spent money and resources making the acquisition.
Now lets put the two concepts together. If we don't have any link except that shareholders as of Feb 6 receive shares, and the company spent resources making the acquisition, then there is no benefit to the company, except to keep older investors happy at the expense of the company and newer investors.
All I am saying is that there is more to it than that. If someone can explain why NTEK would make a deal under such circumstances, or how NTEK would stand to benefit from such a deal, I am all ears.
"NanoTech Entertainment (NTEK)...announced today that it has completed the acquisition of a controlling interest in High Velocity Enterprises, Inc. (HVEL) as part of an overall corporate reorganization. NTEK will place the NanoTech Gaming Labs division into HVEL which will include the division's IP portfolio and full gaming operations...Alan Stone, is the new Chairman and CEO of NanoTech Gaming where he will focus on licensing the portfolio of IP and the acquisition of global gaming licenses as well as the manufacture and distribution of gaming products. Alan and the other board members will be joined by Aaron Hightower, Senior VP of Gaming Technology who has accepted a board seat" There is also no implication here, NTEK spent money and resources making the acquisition.
Now lets put the two concepts together. If we don't have any link except that shareholders as of Feb 6 receive shares, and the company spent resources making the acquisition, then there is no benefit to the company, except to keep older investors happy at the expense of the company and newer investors.
All I am saying is that there is more to it than that. If someone can explain why NTEK would make a deal under such circumstances, or how NTEK would stand to benefit from such a deal, I am all ears.
