Seems clear to me here. NanoTech shareholders
Post# of 96879
Quote:
NanoTech shareholders of record as of February 6, 2015 will be allocated shares in HVEL equivalent to their percentage of ownership in NTEK. Shares will be issued to NTEK shareholders upon effectiveness of a to be filed Form S-1 Registration Statement with the Securities and Exchange Commission ("SEC" pursuant to the Securities Act of 1933 as amended. NanoTech will strive to complete the shareholder allocation as soon as possible, but cannot provide a specific date of issuance until the transaction has been approved the appropriate regulatory authorities.
Quote:
NTEK will record all shareholders of NTEK stock and their
holdings and use that as the basis for distribution of shares.
Quote:
Corporate Diversification
We have separated our Gaming Division to be led by my good friend Al Stone into a separate
public company. NanoTech Gaming assets were sold to the new company in exchange for shares
of the new company. As we have previously announced, those shares will be distributed rateably
to NanoTech shareholders. The exchange allowed us to completely recoup our investment in the
Gaming Technology. This move was made as there was little overlap in resources.