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  4. Nanotech Entertainment Inc. (NTEK) Message Board

BigDream it tells me in order to eliminate that co

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Post# of 96892
Posted On: 11/21/2015 10:33:07 AM
Posted By: WinstonNC
Re: bigdreamer12 #39933
BigDream it tells me in order to eliminate that convertible
debt which appears to be the main purpose of the
proxy, NTEK has only one asset on its books big
enough to achieve it , and that of course are the
150M NTGL shares valued at $2.8M as of Sept 30.

I see a coupe possible scenarios how this plays out.

Either some NTEK insider or group of NTEK insiders
have agreed to give NTEK a big wad of CASH in
exchange for control of those 150M NTGL shares.

Or some outside entity realizing the VALUE of what
NTGL has and also holding MILLIONS of NTEK shares
wanting to put NTEK and UF
in a better financial position for growth has agreed
to give NTEK the CASH in exchange for those shares.

Think about it this way....If you were a LARGER SHAREHOLDER
in NTEK and you knew that by giving NTEK a
couple million dollars CASH for those NTGL shares
would also SKYROCKET the NTEK Stock PRICE
100% or more overnight by announcing such a
deal, your NTEK shares would go up so much in
value it would be like getting those NTGL shares
for FREE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Who wouldn't be interested in making a deal
like that ! Think about it !


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