Here's a novel idea that I believe was floated in
Post# of 96879
Posted On: 05/03/2016 1:28:50 PM
Here's a novel idea that I believe was floated in some form or fashion a while back. To my knowledge nothing came of it so I thought I'd mention it again as a possible solution to our problem.
1. Do we all agree that the converts are the biggest threat to NTEK right now?
2. Can most of us agree that the share structure isn't the doom and gloom management would have us believe? 2 billy ain't turkey squeeze and can be repurchased slowly over time as profits continue to increase.
Why not offer NTEK the value of our shares? In other words, LONG shareholders loan NTEK our shares to be used to pay off the toxic convertibles. What's the number now $2,000,000 or has there been some negotiated reduction? Either way, NTEK pays off the vultures and makes good on our shares at a later date at a fraction of what they're being forced to pay now. We'd essentially be a friendly/ white knight creditor. I want this company to kick ass and take names and I believe they can but so far they keep dropping the ball.
NTEK investors are a different breed almost cult like, similar to SIRI investors of years ago. I'd never offer such a thing to just any company but NTEK is different. The real potential is mind boggling and I'd loan them whatever I could in a heartbeat to avoid the RS and additional dilution.
Anyone with an abacus out there who can run the numbers to see how something like this might work out.
Atlas1
1. Do we all agree that the converts are the biggest threat to NTEK right now?
2. Can most of us agree that the share structure isn't the doom and gloom management would have us believe? 2 billy ain't turkey squeeze and can be repurchased slowly over time as profits continue to increase.
Why not offer NTEK the value of our shares? In other words, LONG shareholders loan NTEK our shares to be used to pay off the toxic convertibles. What's the number now $2,000,000 or has there been some negotiated reduction? Either way, NTEK pays off the vultures and makes good on our shares at a later date at a fraction of what they're being forced to pay now. We'd essentially be a friendly/ white knight creditor. I want this company to kick ass and take names and I believe they can but so far they keep dropping the ball.
NTEK investors are a different breed almost cult like, similar to SIRI investors of years ago. I'd never offer such a thing to just any company but NTEK is different. The real potential is mind boggling and I'd loan them whatever I could in a heartbeat to avoid the RS and additional dilution.
Anyone with an abacus out there who can run the numbers to see how something like this might work out.
Atlas1
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