David Foley has fallen on hard times as his house
Post# of 96891
(Total Views: 947)
Posted On: 06/28/2018 9:07:02 AM
David Foley has fallen on hard times as his house has been foreclosed and is scheduled for auction (per the link below). IMO this greatly increases the odds NTEK will be sold in the near future and hopefully for a much higher price than its current market cap of less than 2M. Afterall David needs an income source to feed his family and we also know (per David's own words from the last CC) NTEK is NOT yet profitable. There is also a court order preventing Foley from selling shares so that leaves David little choice but to sell out .
Always a slight outside chance the original Bridgeport funding or an alternative funding source happens however at this point IMO that is a long shot.
The fact David is now backed into a corner and in survival mode may be in fact GOOD NEWS for NTEK shareholders. This would be the worse possible scenario for those IHUB scums who have been trying to force NTEK into BK.
Let David make the best deal for NTEK and its shareholders and we can all move on. Lets make it happen!!
https://www.auction.com/details/311-santa-ros...19-e_10219
Always a slight outside chance the original Bridgeport funding or an alternative funding source happens however at this point IMO that is a long shot.
The fact David is now backed into a corner and in survival mode may be in fact GOOD NEWS for NTEK shareholders. This would be the worse possible scenario for those IHUB scums who have been trying to force NTEK into BK.
Let David make the best deal for NTEK and its shareholders and we can all move on. Lets make it happen!!
https://www.auction.com/details/311-santa-ros...19-e_10219
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