Interesting Development and Its All Good! NTEK
Post# of 96879
Posted On: 11/25/2015 5:21:13 PM
Interesting Development and Its All Good!
NTEK wants to sell NTGL but it legally CANNOT due to the pending distribution of NTGL shares to NTEK SH of record as of 2/6/15.
The proxy vote will offer those NTEK SH of record on 2/6/15 the "OPTION" of retaining those NTGL shares OR in lieu of the NTGL shares a equal number of NTEK preferred shares (shares amounts may differ due to the different SP of NTGK and NTEK. Only an option you can still keep your NTGL shares.
Now here is the good part. NTEK receives a huge windfall on the NTGL shares they get to keep for those SH that choose the option of taking the NTEK shares vs the NTGL shares.
The windfall for NTEK is realized when NTGL is sold in whole or in part. Keep in mind NTGL will be sold at a market cap many times over its current market cap. This will put 10's of millions into the coffers of NTEK.
NTEK then uses the cash windfall to reduce their debt, increase their content and marketing budget and even possibly buy back shares. This is part of their plan they have outlined to increase the budget from 2M ot 10M and to reduce their debt ratio.
Its a win win for every long and NTEK. Enjoy your turkey and all the trimmings and just wait for all these positive developments to unfold
NTEK wants to sell NTGL but it legally CANNOT due to the pending distribution of NTGL shares to NTEK SH of record as of 2/6/15.
The proxy vote will offer those NTEK SH of record on 2/6/15 the "OPTION" of retaining those NTGL shares OR in lieu of the NTGL shares a equal number of NTEK preferred shares (shares amounts may differ due to the different SP of NTGK and NTEK. Only an option you can still keep your NTGL shares.
Now here is the good part. NTEK receives a huge windfall on the NTGL shares they get to keep for those SH that choose the option of taking the NTEK shares vs the NTGL shares.
The windfall for NTEK is realized when NTGL is sold in whole or in part. Keep in mind NTGL will be sold at a market cap many times over its current market cap. This will put 10's of millions into the coffers of NTEK.
NTEK then uses the cash windfall to reduce their debt, increase their content and marketing budget and even possibly buy back shares. This is part of their plan they have outlined to increase the budget from 2M ot 10M and to reduce their debt ratio.
Its a win win for every long and NTEK. Enjoy your turkey and all the trimmings and just wait for all these positive developments to unfold
(0)
(0)Nanotech Entertainment Inc. (NTEK) Stock Research Links
Scroll down for more posts ▼