If this is the kind of deal we have - and yes to another poster - it is probably true that we would not be alive today if they hadn't lent us money...
Then we are in a "cut off the arm" status. In this case it is a cut off the tail status.
Dan's comments indicated that NTEK was negotiating and that the negotiations were going well. There is no guarantee that our lender is a villain. If he is we are on our way to .0033. There is no guarantee that the lender has fully exposed himself as a short to the extent of 600,000,000.
But if we desperately needed the loan, which I suspect we did, then the loan agreement gave the lender a lot of power to protect themselves. But think of the shorting profit calculations that K&T just posted.
We are not going BK. NTEK has a bright future. We probably have not failed any sort of loan provision that would have triggered conversion, but that part is always the subject of speculation and lawsuits. NTEK needs to avoid all of that. Our lender is going to take massive profits for the risk they took; just like we want massive profit for the risk we are taking. We do not need lawsuits. Our lender will most likely end up being our partner/shareholder.
I'm not even pissed at management. We are a Pinky.
Paul
Then we are in a "cut off the arm" status. In this case it is a cut off the tail status.
Dan's comments indicated that NTEK was negotiating and that the negotiations were going well. There is no guarantee that our lender is a villain. If he is we are on our way to .0033. There is no guarantee that the lender has fully exposed himself as a short to the extent of 600,000,000.
But if we desperately needed the loan, which I suspect we did, then the loan agreement gave the lender a lot of power to protect themselves. But think of the shorting profit calculations that K&T just posted.
We are not going BK. NTEK has a bright future. We probably have not failed any sort of loan provision that would have triggered conversion, but that part is always the subject of speculation and lawsuits. NTEK needs to avoid all of that. Our lender is going to take massive profits for the risk they took; just like we want massive profit for the risk we are taking. We do not need lawsuits. Our lender will most likely end up being our partner/shareholder.
I'm not even pissed at management. We are a Pinky.
Paul
