You raise a good point regarding the audit. Maybe
Post# of 96879
Posted On: 05/22/2016 3:21:55 PM
You raise a good point regarding the audit. Maybe I should elucidate more directly what I have in mind. These are just my jottings at this point and I hope interested parties will help to refine and offer their own ideas.
First, 200M shs would be available reduce debt which is now in convertible note form. Ideally it might be possible to structure it so that all shares could not be brought to the open market immediately for obvious pps reasons.
Second, 50M shs would be available for sale into the market for the purpose of raising funds for the express purpose of conducting an audit of NTEK’s financials. All such funds would be placed in an independent escrow restricted as to use and overseen by the lending committee.
Third, 50M shs would be raised to consider funding legal actions relating to determination that naked short sellers exist and what, if anything, the company could do to stop their injury to NTEK.
If any additional shares were available, they would be held in reserve for possible use requested by management and agreed to by the lenders committee.
Any agreement between NTEK management and the committee would have to protect the lenders rights and would include veto authority be the committee over certain actions by NTEK.
Please consider joining us (Zattnt and I) on this mission to help NTEK. If you are interested please PM either of us, including the following: Your name, city and state, phone number, email and the shares you would be willing to make available.
It really is time for NTEK to GO.
Jim Crowley
First, 200M shs would be available reduce debt which is now in convertible note form. Ideally it might be possible to structure it so that all shares could not be brought to the open market immediately for obvious pps reasons.
Second, 50M shs would be available for sale into the market for the purpose of raising funds for the express purpose of conducting an audit of NTEK’s financials. All such funds would be placed in an independent escrow restricted as to use and overseen by the lending committee.
Third, 50M shs would be raised to consider funding legal actions relating to determination that naked short sellers exist and what, if anything, the company could do to stop their injury to NTEK.
If any additional shares were available, they would be held in reserve for possible use requested by management and agreed to by the lenders committee.
Any agreement between NTEK management and the committee would have to protect the lenders rights and would include veto authority be the committee over certain actions by NTEK.
Please consider joining us (Zattnt and I) on this mission to help NTEK. If you are interested please PM either of us, including the following: Your name, city and state, phone number, email and the shares you would be willing to make available.
It really is time for NTEK to GO.
Jim Crowley
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