Possible Scenario? NTGL releases audited financ
Post# of 96892
Posted On: 11/19/2015 1:07:54 AM
Possible Scenario?
NTGL releases audited financials (A late filing letter has been filed).
NTGL releases information regarding licensing deal with major manufacturer and/or casino(s).
NTGL share value increases significantly.
Proxy vote releases NTEK obligation in distributing all of the 150mil shares as dividends. Sells 75mil shares back to NTGL and the remaining 75mil shares distributed as dividend.
NTEK uses proceeds of 75mil shares (now more highly valued than $2.8mil) in a share buyback reducing outstanding shares considerably.
NTEK finalizes their audits concurrently reducing Authorized Shares to near level of Outstanding Shares. PPS increases accordingly and NTEK files for uplisting.
NTGL releases audited financials (A late filing letter has been filed).
NTGL releases information regarding licensing deal with major manufacturer and/or casino(s).
NTGL share value increases significantly.
Proxy vote releases NTEK obligation in distributing all of the 150mil shares as dividends. Sells 75mil shares back to NTGL and the remaining 75mil shares distributed as dividend.
NTEK uses proceeds of 75mil shares (now more highly valued than $2.8mil) in a share buyback reducing outstanding shares considerably.
NTEK finalizes their audits concurrently reducing Authorized Shares to near level of Outstanding Shares. PPS increases accordingly and NTEK files for uplisting.
Quote:
You're guessing 3Flight. Trading in our NTGL shares
so NTEK gets $2.8M to EXPAND ULTRAFLIX
dramatically and do a buyback too
sounds much more plausible what
the proxy is about.
NTEK could do an R/S anytime WITHOUT
SHAREHOLDER APPROVAL.
BUT THEY CLEARLY NEED A PROXY TO
GET APPROVAL TO
EXCHANGE OUR NTGL SHARES TO
GIVE THEM CASH!
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