Letter to SH out. http://www.otcmarkets.com/financ
Post# of 2009
Posted On: 02/12/2016 4:46:14 AM
Letter to SH out. http://www.otcmarkets.com/financialReportView...;id=150501
Another bunch of pump bla-bla, and this:
Current revenues are not sufficient to provide funds for major content acquisitions (reason for not loading Paramounts any more ?)
The RS (ratio not yet decided) opens the door for further dilution, as the AS normally remains at 1.79 bln post split. "An overall reduction in our authorized share structure" means what ?
"allowing us to limit future share growth to those strategically valuable uses such as key employee acquisition and retention", so OS will increase.
How many new shares will they need to issue to get any reasonable $ amount with the SP deep in the gutter, and probably going deeper the coming days.
It takes 37 mln shares to get $100k (@ yesterday's close)
Why did they talk about a proxy months ago when they go ahead with the RS anyway ? Is it for something else ?
BTW, the letter isn't dated, nor signed by anybody...
And one more paragraph, for laughs:
"If you have any questions, suggestions or comments feel free to email them to us at ir@ntek.com and we will be happy to address them for you"
Yeah, right.
Is it Friday the 13th today ?
Might be.
Another bunch of pump bla-bla, and this:
Quote:What I get from this:
In order to achieve our goals, we will be recapitalizing the company. In this process, we have agreements in place which will eliminate approximately 80% of our current convertible debt allowing us to limit future share growth to those strategically valuable uses such as key employee acquisition and retention. We will accomplish this with several funding agreements, a reverse split and an overall reduction in our authorized share structure. Finally, we will be offering another round of private placement funding to increase our cash reserves, and closing multiple new major studio content deals that we have negotiated and are ready to pull the trigger on signing.
Current revenues are not sufficient to provide funds for major content acquisitions (reason for not loading Paramounts any more ?)
The RS (ratio not yet decided) opens the door for further dilution, as the AS normally remains at 1.79 bln post split. "An overall reduction in our authorized share structure" means what ?
"allowing us to limit future share growth to those strategically valuable uses such as key employee acquisition and retention", so OS will increase.
How many new shares will they need to issue to get any reasonable $ amount with the SP deep in the gutter, and probably going deeper the coming days.
It takes 37 mln shares to get $100k (@ yesterday's close)
Why did they talk about a proxy months ago when they go ahead with the RS anyway ? Is it for something else ?
BTW, the letter isn't dated, nor signed by anybody...
And one more paragraph, for laughs:
"If you have any questions, suggestions or comments feel free to email them to us at ir@ntek.com and we will be happy to address them for you"
Yeah, right.
Is it Friday the 13th today ?
Might be.
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