They could all being held as private subsidiaries
Post# of 96879
(Total Views: 336)
Posted On: 10/16/2017 7:56:30 AM
They could all being held as private subsidiaries of NTEK (Ultra Flix, 4K studios, Nanotech Gaming) and whatever other companies being added to the conglomerate as part of the financing deal.
The public company (NTEK) either owns some or all of the of the subsidiaries and can sell shares as a public company.
Each subsidiary can have it's own CEO and even BOD.
Guess we'll have to wait for financials to really see whats going on......
"Privately or closely held businesses, are those for which there is no public ownership of its shares or assets. Although closely held businesses tend to be small, family owned or jointly owned by a small group of people, they can also be large or wholly owned subsidiaries of major publicly traded companies.Mar 24, 2017"
http://guides.ll.georgetown.edu/companyresear...any-status
The public company (NTEK) either owns some or all of the of the subsidiaries and can sell shares as a public company.
Each subsidiary can have it's own CEO and even BOD.
Guess we'll have to wait for financials to really see whats going on......
"Privately or closely held businesses, are those for which there is no public ownership of its shares or assets. Although closely held businesses tend to be small, family owned or jointly owned by a small group of people, they can also be large or wholly owned subsidiaries of major publicly traded companies.Mar 24, 2017"
http://guides.ll.georgetown.edu/companyresear...any-status
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