The ten minute conference call related that their are some
The ten minute conference call related that their are some unresolved issues with Bridgeport although negotiations are still progressing. In mean time alternate financing has been made with three investors and a bridge loan this quarter for $5 million. The funds are to be used to resolve past law suits, pay lawyer fees for removing CE (transfer agent still doesn't recognize mgmt. and won't drop the CE). I suspect that long term financing was also depended upon resolving law suites and CE. Once funding is achieved they can move forward with content deals and ready to go content they have mastered. They will have financials brought up todate by mid August and will be posted as soon as CE is removed on ntek.com sr/ir. They are busy with remastering for 2020 and beyond. They are working with Iron Dragon for their prescription service launch of all their videos. Ultraflix content deals pending funding. Buy out question answered that according to shareholder survey responses of 60% of SH's they would be satisfied with somewhere between $47 - $67 million. Divided by 178 shares that's only .26 - .37 cents per share. Which would make those that purchased after 25.1 split happy but for longs like myself would result in .87 cent loss per share. I hope the hell there is no buyout until value can be dramatically increased. The company is moving forward with their plans despite current funding issues and they are still positive that by next month most of the concerns will be resolved.
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