Natronic, keep this in mind. We've seen NTEK switc

Natronic, keep this in mind. We've seen NTEK switch gears
already several times because of how FAST the pace
of this industry and technology are changing.

I'm pointing this out to note that at the time Back in
Oct when they talked about a PROXY I'm sure they
were very sincere. But I pose to you a very real
possibility that the PROXY may not even be in
the cards at this point "IF" NTEK has made the
right partnerships and deals SINCE last OCT
I suspect they have. We'll know soon enough.

The FACT that Aarron Taylor was confident enough
to come out and say in an official PR last week that
>>> MAJOR STUDIO DEALS (notice plural) ARE
EXPECTED TO CLOSE IN Q1 <<<

IMO there's NO WAY NTEK could be making SEVERAL
MAJOR STUDIO DEALS in just Q1 alone this year UNLESS
they were VERY CONFIDENT they have SOLID FUNDING
going forward for it all !

Also notice in the last shareholder letter NTEK didn't
even mention the word PROXY at all. All they said was

>>> Working with financial consultants to define
and implement a recapitalization plan that will substantially
reduce debt early in 2016. <<<

In other words it appears this coming RECAP PLAN
is on terms that won't even need to be brought to a
PROXY vote now. In other words they may simply have
found a FUNDING PARTNER on favorable terms for
the company in exchange for a piece of the action in
the long term success of ULTRAFLIX! Like say giving
that partner 1% total profits of UF over the next 5 years.
That's just one of many ways a deal could happen.

We shall see. Call it my weekend speculation.
wink wink