NTEK also said same thing in the SHL> The proxy is
Post# of 96879
Posted On: 11/20/2015 4:55:30 PM
NTEK also said same thing in the SHL> The proxy is in
part to structure things so they reduce or eliminate the
convertible debt.
The only thing to me that makes sense why they
would call for a proxy vote to do this is they are
planning to>
>Trade in our NTGL shares for giving NTEK the
$2.8M they value those NTGL shares on the NTEK
balance sheet now.
With $2.8M you pay off the convertibles,
announce a small Buy Back of Shares, and
announce a MAJOR CONTENT DEAL like PARAMOUNT!
NTEK stock would explode a 100% or more
in seconds if they did that. But even more it would
position NTEK and UF even better to hit their
2016 forecast of $70M Revs.
part to structure things so they reduce or eliminate the
convertible debt.
The only thing to me that makes sense why they
would call for a proxy vote to do this is they are
planning to>
>Trade in our NTGL shares for giving NTEK the
$2.8M they value those NTGL shares on the NTEK
balance sheet now.
With $2.8M you pay off the convertibles,
announce a small Buy Back of Shares, and
announce a MAJOR CONTENT DEAL like PARAMOUNT!
NTEK stock would explode a 100% or more
in seconds if they did that. But even more it would
position NTEK and UF even better to hit their
2016 forecast of $70M Revs.
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