If NTEK’s new management is looking to clean up its
If NTEK’s new management is looking to clean up its balance sheets and see no value to NTGL shares, then they need to take the dead value of the NTGL shares and apply it to help increase the value of NTEK and its shareholders.
According to the SHL that was just release regarding NTGL, they’ negotiated the return of certain assets together with a cash compensation.
The cash should immediately buyback NTEK share. This will first help increase both NTEK & all NTEK shareholders value and second it would begin to follow through with the buyback plan without waiting for profits to come in.
Example..... if NTEK received cash of a $1M..... a buyback of $1M @ .02 current ppps buys back 50M shares. Once the other assets are sold they should do the same hoping to complete the 100M buyback share plan and return the shares to the treasury without touching any of the NTEK profits.
This will bring all NTEK shareholders value with the help of NTGL none value shares.
So what about the NTGL shareholders that are left holding the bag with Im sure Dave Foley is probably the largest Investor.
Once the 100M buyback plan is complete I feel NTEK should commit and come up with a formula were the 100M shares should be used as a forward split to all NTGL shareholders bag holders and issue NTEK shareholders at a formulated NTGL cost basis for their shares.
I feel if NTEK commits to a payout in year 2020 allow NTEK share to increase in value limiting the amount of NTEK shares to be used on the split.
NTEK shareholders that don’t own NTGL shares mustn’t be upset to a forward split compensation to NTGL shareholders. They benefited by the original buyback plan utilizing NTGL assets and cash by not using NTEK profits.
NTEK management show us how muck you really care about not only the NTEK shareholders but to the NTGL shareholders as well that are your true support to both NTEK & NTGL !!!!
NTGL Shareholders invested $$$$$ and put their faith in unpromised statements
This will be a WIN WIN for all NTEK as well as NTEK & NTGL shareholders ....
I hope this will be the main topic in your next SHL coming up !!!
Thank you NTEK and to all my fellow NTEK & NTGL Shareholders
15
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