SH Newsletter for those who have not registered on NTEK database:
2450 Kruse Drive, San Jose, CA 95131 1.408.414.7355 www.ntek.com
November 29, 2017
Dear Shareholders,
The SR/IR department is currently reaching out to shareholders to confirm your desire to attend the January 19 2018 Shareholders meeting in San Jose, CA. If you have not already confirmed your desire to attend, please contact ir@ntek.com so that we can make sure we have prepared for the number of people attending.
The first week of January we will be mailing out proxy packages and agendas to all shareholders. To ensure we can cover all open topics, if you have specific items that you would like addressed during the annual meeting please forward those requests so that we can be sure to have an agenda that addresses all shareholder concerns and topics during the meeting.
We have been recently asked if the company is entertaining a “buy out” offer. This seems to be originated from our recent survey questions. The company is not in talks with anyone about being acquired. Our surveys were to update our internal knowledge about our shareholders, their holdings, and what a successful investment means for each individual shareholder. Having an understanding of each person’s position and goals helps the company to ensure that everyone is considered as plans are created for 2018.
We wish to thank all of those that have replied. We have already heard from over 60% of our shareholder base. If you haven’t responded, we would love to hear from you.
We have had several inquiries about updating OTC. Due to issues with prior management and procedural issues we have been required to open new account. We anticipate that to be completed in the next couple of weeks and will update everyone when that occurs.
We have had many people ask if our UltraFlix group intends to offer a holiday sale as it has done in the past. We don’t anticipate them offering any discount bulk purchase sales. While they have historically been very good at generating short term cash flow, they do not offer any margin, and at times can result in a net loss if the discount is too steep.
We appreciate all of the feedback and look forward to sharing more news as we wrap up 2017.
2450 Kruse Drive, San Jose, CA 95131 1.408.414.7355 www.ntek.com
November 29, 2017
Dear Shareholders,
The SR/IR department is currently reaching out to shareholders to confirm your desire to attend the January 19 2018 Shareholders meeting in San Jose, CA. If you have not already confirmed your desire to attend, please contact ir@ntek.com so that we can make sure we have prepared for the number of people attending.
The first week of January we will be mailing out proxy packages and agendas to all shareholders. To ensure we can cover all open topics, if you have specific items that you would like addressed during the annual meeting please forward those requests so that we can be sure to have an agenda that addresses all shareholder concerns and topics during the meeting.
We have been recently asked if the company is entertaining a “buy out” offer. This seems to be originated from our recent survey questions. The company is not in talks with anyone about being acquired. Our surveys were to update our internal knowledge about our shareholders, their holdings, and what a successful investment means for each individual shareholder. Having an understanding of each person’s position and goals helps the company to ensure that everyone is considered as plans are created for 2018.
We wish to thank all of those that have replied. We have already heard from over 60% of our shareholder base. If you haven’t responded, we would love to hear from you.
We have had several inquiries about updating OTC. Due to issues with prior management and procedural issues we have been required to open new account. We anticipate that to be completed in the next couple of weeks and will update everyone when that occurs.
We have had many people ask if our UltraFlix group intends to offer a holiday sale as it has done in the past. We don’t anticipate them offering any discount bulk purchase sales. While they have historically been very good at generating short term cash flow, they do not offer any margin, and at times can result in a net loss if the discount is too steep.
We appreciate all of the feedback and look forward to sharing more news as we wrap up 2017.
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