A few thoughts on our NTEK shares and the shares voted at the meeting.
First I believe only a small portion of shareholders made the time to have their shares counted and returned proof of ownership and their vote. I did via snail mail but have zero proof my shares were in fact part of the count. It is important that shareholders understand it is a no no for public companies to publicly complain about their company being attacked. The SEC knows those reports point the finger at them for failing to do their job so they come down hard on companies that do complain. I suspect NTEK is well aware of this and acted accordingly. In addition many NTEK shareholders didn't even know of the meeting and received no proxy via the mail. If there had not been contact via IR no matter how many shares they owned they were not contacted. Does anyone here know how many shares are presently owned by Royal Capital and if any of those shares were voted?
One of the best tidbits in my opinion coming from the meeting was that Longside would be repaid in cash, not shares. I would not be one bit surprised to learn that Longside had naked shorted NTEK in anticipation of being paid in shares. If I am correct and buying interest comes into the stock driving up the price they will be in a real pickle and stand to lose millions. Time will tell all but the FINRA short volume report should be interesting to keep an eye on. Go NTEK!!!
First I believe only a small portion of shareholders made the time to have their shares counted and returned proof of ownership and their vote. I did via snail mail but have zero proof my shares were in fact part of the count. It is important that shareholders understand it is a no no for public companies to publicly complain about their company being attacked. The SEC knows those reports point the finger at them for failing to do their job so they come down hard on companies that do complain. I suspect NTEK is well aware of this and acted accordingly. In addition many NTEK shareholders didn't even know of the meeting and received no proxy via the mail. If there had not been contact via IR no matter how many shares they owned they were not contacted. Does anyone here know how many shares are presently owned by Royal Capital and if any of those shares were voted?
One of the best tidbits in my opinion coming from the meeting was that Longside would be repaid in cash, not shares. I would not be one bit surprised to learn that Longside had naked shorted NTEK in anticipation of being paid in shares. If I am correct and buying interest comes into the stock driving up the price they will be in a real pickle and stand to lose millions. Time will tell all but the FINRA short volume report should be interesting to keep an eye on. Go NTEK!!!
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