Spinning off Ultraflix makes the most sense for NTEK without having to do a RS. It puts their #1 product into a clean shell (hopefully) with a low OS. This allows it to trade much more freely and easy than it has been. I know this was talked about at the SHM. Now, if they give shareholders an equal value of shares of the new company, and they do it very quickly, then doing this probably will not hurt NTEK shareholders too much in the short term, and help in the long term. But that is a big if, considering they have still not gotten the NTGL audit done and from what we have been told, the audit for NTEK was supposed to be even more complicated.
We shall see.
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