Another factor to consider......
Making bad deals on content and financing is what got the company in some trouble in the first place.
NTEK is now paying for that sin.....
I don't think the company is going to make that same mistake.
21 million dollars is a lot of money.
No normal toxic financier of an OTC pink is going to put up that kind of money.
In most cases they have no knowledge of the business they are financing and their primary concern is getting their money back....one way or the other.
IMO we are seeing a completely different animal here. Someone did an in-depth analysis of the company, the partnerships, the product, the business plan and the odds of getting a good ROI.
The term "convertible debt " in the OTC pinks is almost considered death sentence in the pinks.
No one know the terms of the contract and many are assuming the money was put up by the normal cast of toxic finance companies that the OTC depends on for cash flow.
I'm speculating that this amount of money was put up by someone who see's the potential in the business model and are not treating NTEK like some OTC "stinky pinky"
And it's about time.....
Lajet presented some interesting speculation on who the financier may be, but who knows for sure. The company is keeping that info close to the vest for now.
They have provided financing for some of our partners in this endevour and also have many of the big studios on their customer list.
Hope I'm right in my assumptions. If I am we are going to be operating on a completely different level very soon.....
GLTA
Making bad deals on content and financing is what got the company in some trouble in the first place.
NTEK is now paying for that sin.....
I don't think the company is going to make that same mistake.
21 million dollars is a lot of money.
No normal toxic financier of an OTC pink is going to put up that kind of money.
In most cases they have no knowledge of the business they are financing and their primary concern is getting their money back....one way or the other.
IMO we are seeing a completely different animal here. Someone did an in-depth analysis of the company, the partnerships, the product, the business plan and the odds of getting a good ROI.
The term "convertible debt " in the OTC pinks is almost considered death sentence in the pinks.
No one know the terms of the contract and many are assuming the money was put up by the normal cast of toxic finance companies that the OTC depends on for cash flow.
I'm speculating that this amount of money was put up by someone who see's the potential in the business model and are not treating NTEK like some OTC "stinky pinky"
And it's about time.....
Lajet presented some interesting speculation on who the financier may be, but who knows for sure. The company is keeping that info close to the vest for now.
They have provided financing for some of our partners in this endevour and also have many of the big studios on their customer list.
Hope I'm right in my assumptions. If I am we are going to be operating on a completely different level very soon.....
GLTA
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