I have had some additional thoughts about the stat

I have had some additional thoughts about the stated fact that NTEK paid off over 50% of their convertible debt.

1. NTEK said that they had a good working relationship with their debt holder, now we have some confirmation of that.

2. NTEK did not say that they had obtained a new loan - so I surmise that NTEK used slightly more than 1,000,000 of available cash on hand

3. The loan totals were supposed to be 2,000,000 with a strike share value of 600,000,000 shares at a price of .0033333333. Again, I forget where I got this but it came from what I believe we all agreed were hard numbers.

4. Our pre RS price is now apparently about .0024???

5. NTEK said that they had obtained an agreement to close out 80%, not 50%.


So assuming that this is all correct, what does it tell us?

1. It is possible that our lender is still willing to let NTEK pay off the remaining 30%

2. It is possible that NTEK felt that 1,000,000 of free cash was all that they could reasonably put to use to accomplish this goal of retiring convertible debt at this time

3. It is possible that NTEK responded to the pressure to live up to a significant part of a promise that they had made to us (to retire convertible debt that carried the risk of huge dilution)

4. It is possible that NTEK has to take this in steps to satisfy the requirements of a future financial partner (RS, followed by getting out from under 80% of a 600,000,000 old share conversion risk equaling 25% ownership)

5. I have to tell you that I did not entirely believe NTEK when they told me that a convertible debt holder would voluntarily let NTEK get out from under 80% of their conversion risk. Of all of the news that I wanted to hear NTEK report it was this. They still need to go another 30% if it is still available, but I personally am surprised by all of this negativity.

6. Think about what this tells you about what is going through NTEK Management's heads: NTEK does not believe that the old price of .00333333 is a price at which they want to sell 25% of the company. It also tells you that NTEK is unwilling to sell out current shareholders for 1,000,000 in free cash. They are demanding a greater price. They must have confidence in NTEK's future, and they are warriors. The warrior part is a major belief of mine that underscores a big part of my decisions. The confidence part agrees with what we hear from K&T, LaJet, Tiny, Fuja Winston and Money___ who has been posting a lot last couple of days.

7. It also tells us that the convertible debt holder (who I still assume made unbelievable amounts of money shorting our stock on the way down) is at least not the villain that is trying to force a BK, and they were the only possible major short that actually had the vehicle they needed to hedge this kind of effort. It also tells us that they value NTEK as a forward investment for the equivalent of 120,000,000 of our old share structure (the 20% conversion NTEK was not going to be allowed to avoid).

8. Of any outside party, what one outsider has been in a position to demand accurate and voluminous information of NTEK? the convertible debt holder; and they just gave up 50% of their leverage.

So tell me again, what do you guys think you have to complain about?

Paul