Does ntek need to take similar action against the
Post# of 96892
Posted On: 11/04/2015 1:22:59 PM
Does ntek need to take similar action against the shorts?
Healthy & Tasty Brands Corporation (the "Company"
(OTC: GRLT) today announced that its CEO, Henry L. Klein, filed an action in the United States District Court for the Southern District of Florida in his fiduciary capacity for the protection of the common stock shareholders, seeking a declaratory judgment by that federal court to the effect that all convertible instruments which have been the source of common stock dilution are void and unenforceable.
In the lawsuit, Mr. Klein described the instruments, both convertible shares and convertible debentures as "...death spiral convertibles", because holders of these toxic instruments profit when the market price is manipulated to remain low, allowing conversion to be prohibitively-high number of shares, severely diluting the value of the common shares of the company..."
Mr. Klein quoted compelling language by Fordham University Professor of Finance John D. Finnerty and the United States Supreme Court regarding his duty to bring the action for the protection of the common stock shareholders and expose manipulative short-selling. Since becoming CEO, Mr. Klein quietly undertook an investigation into the fiscal condition of the Company and determined that the Company needed to be completely purged of the toxic instruments so that it could grow and flourish in the culinary marketplace and in the investment world.
"The filing of this action is the beginning of the rebirth of the Company and a harbinger of restaurant-openings soon to take place in the various states from Florida to Colorado. The days of market manipulation are over and the loyal initial owners of the Company will begin to see a bright horizon," Mr. Klein emphasized.
Healthy & Tasty Brands Corporation (the "Company"
(OTC: GRLT) today announced that its CEO, Henry L. Klein, filed an action in the United States District Court for the Southern District of Florida in his fiduciary capacity for the protection of the common stock shareholders, seeking a declaratory judgment by that federal court to the effect that all convertible instruments which have been the source of common stock dilution are void and unenforceable. In the lawsuit, Mr. Klein described the instruments, both convertible shares and convertible debentures as "...death spiral convertibles", because holders of these toxic instruments profit when the market price is manipulated to remain low, allowing conversion to be prohibitively-high number of shares, severely diluting the value of the common shares of the company..."
Mr. Klein quoted compelling language by Fordham University Professor of Finance John D. Finnerty and the United States Supreme Court regarding his duty to bring the action for the protection of the common stock shareholders and expose manipulative short-selling. Since becoming CEO, Mr. Klein quietly undertook an investigation into the fiscal condition of the Company and determined that the Company needed to be completely purged of the toxic instruments so that it could grow and flourish in the culinary marketplace and in the investment world.
"The filing of this action is the beginning of the rebirth of the Company and a harbinger of restaurant-openings soon to take place in the various states from Florida to Colorado. The days of market manipulation are over and the loyal initial owners of the Company will begin to see a bright horizon," Mr. Klein emphasized.
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