This was posted by DF on the The Real Official Sup
Post# of 96879
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Posted On: 11/29/2017 2:07:59 PM
This was posted by DF on the The Real Official Super Secret Nanotech Entertainment (NTEK) Investors on FB
David R Foley shared his first post.
New Member · 15 mins
I was asked about the company going private. I believe this stems from the recent survey asking shareholders where they are in their holdings. The new management team is assessing where the outstanding shares are held, how much by particular shareholders, what their cost basis is, and what they consider a successful exit price. This is to make sure that as plans are developed they are in alignment with the shareholders goals so the company moves forward in a way that makes everyone happy. There have been no offers to buy out the company or to take it private that i know of.
The company has not made any announcments about funding. Unfortuantely a former CEO illegally leaked several confidential documents including details about funding agreements that the company has entered into. When there is news about funding to be shared, I'm sure the company will put out a press release about it.
Finally, I was asked about the company issuing NTGL shares.
NTEK cannot issue shares from another company. NTEK sold its gaming technology to NTGL and in turn, NTGL issued NTEK 120m shares. NTEK plans to distribute those shares to it's shareholders when they are recieved, however, they have not been delivered to NTEK. Once NTGL delivers those shares, NTEK plans to distribute them as a dividend to its shareholders as was originally announced.
David R Foley shared his first post.
New Member · 15 mins
I was asked about the company going private. I believe this stems from the recent survey asking shareholders where they are in their holdings. The new management team is assessing where the outstanding shares are held, how much by particular shareholders, what their cost basis is, and what they consider a successful exit price. This is to make sure that as plans are developed they are in alignment with the shareholders goals so the company moves forward in a way that makes everyone happy. There have been no offers to buy out the company or to take it private that i know of.
The company has not made any announcments about funding. Unfortuantely a former CEO illegally leaked several confidential documents including details about funding agreements that the company has entered into. When there is news about funding to be shared, I'm sure the company will put out a press release about it.
Finally, I was asked about the company issuing NTGL shares.
NTEK cannot issue shares from another company. NTEK sold its gaming technology to NTGL and in turn, NTGL issued NTEK 120m shares. NTEK plans to distribute those shares to it's shareholders when they are recieved, however, they have not been delivered to NTEK. Once NTGL delivers those shares, NTEK plans to distribute them as a dividend to its shareholders as was originally announced.
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