This is what makes the most sense to me. There is nothing in the shareholder letter that says 100% of the shares acquired were going to be distributed to shareholders, and even if it was the shareholders letter is not legally binding. It would be uncharacteristically short sighted of NTEK to trade away the massive potential profits from skill based gaming (which could be truly massive as Vegas and other gambling communities are betting big to try to increase gambling as a percentage of total revenue, which has been falling for about twenty years) in order to provide a treat to shareholders in the form of free shares. We as shareholders have suffered more than once because NTEK is playing a long game, putting us through temporary pain so that the company would be better positioned for long term success. A cut in ties with nanotech gaming is exactly the opposite of that.
Less persuasive, but also interesting to me is the name change. If it was just a simple transaction of shares for technology and personnel, then they wouldn't make sense to me that they would change the name to nanotech gaming lab. They want the association NTEK, and the name change was not an accident. Why choose that association if there was none in fact?
Either way, it still appears that there is significant confusion about this issue, not just by me, so the snarkyness by people on both sides is unwarranted and unbecoming. This is supposed to me the forum where things like this can be discussed.
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