This is a good point. If you recall the original 15mil (prior to 10-1 split) was for payment in kind for office furniture, etc., patents and whatever else was transferred to NTGL. So those shares are carried on the books as "Investment Holdings". The quote from DW that lawyers are reviewing to insure no SEC regulations are being violated, causes me to think that those shares are owned by NTEK and the shares are not the shares that will be distributed to shareholders. As pointed out by one of the posters that if these shares were originally to be used for the distribution and subsequently the proxy was voted on by share holders of record after Feb 6, those shareholders of record on Feb 6, could file an immediate class action suit. So back to point one. Those shares probably belong to NTEK and our dividend will come from the NTGL treasury.
Quote:
Sitting Bull has a good point. I'm not exactly sure
if the NTGL shares due to NTEK shareholders
come out of the 150M shares NTEK has on the
books owning NTGL now or if NTEK has already
put aside separately from the 150M shares the
NTGL shares they plan on distributing to us.