GBuddy imo there's only 1 proxy. Lets state it aga
Post# of 96879
so there's no confusion.
From the discussion we had here yesterday imo
its clear now that Every NTEK shareholder who
was holding shares at the Feb 2015 spinoff of
NTGL will get their NTGL share distribution from
NTEK when events line up for that to happen.
The 150M shares that NTEK owns of NTGL and
declared as a $2.8M investment holding on their
balance sheet as of Sept 30 is completely separate
from that.
The proxy imo will be mainly about how NTEK is going
to trade ALL or a % of those 150M shares in for CASH, getting
it from either NTEK insiders or an outside entity that has been
accumulating MILLIONS of shares of NTEK stock
down here in the sub penny range, knowing they
will basically be getting the NTGL shares for FREE
by ALL the money they will make when
the NTEK stock RISES DRAMATICALLY
when this deal is announced!
NTEK will use the new CASH to pay off ALL the
convertible debt, buy ALIST CONTENT for UF and
any number of other things to enhance the rapid
growth of UF. They may even use some of the
CASH to announce a small Buy Back.
That kind of combination would screw the shorts
the worst.
Its a WIN WIN for everyone !!
Again this just opinion, but I don't see how the
proxy could be about anything else, for the simple
fact that those 150M NTGL shares are the only
asset on the NTEK balance sheet that can generate
them enough CASH to pay off the convertible debt
which they clearly have stated is the #1 reason they
are doing the proxy for.