Well I will have to disagree. I am a long and woul
Post# of 96891
(Total Views: 482)
Posted On: 07/11/2018 5:14:10 PM
Well I will have to disagree. I am a long and would heartily celebrate a buy out at the prices mentioned by David in the CC (PPS based on 47M-67M market cap).
You could hear it in David's voice in the 10 minute call, he is tired and worn out given the endless delays on the funding and never ending lawsuits. It has to be overwwhelming. If the NTEK founder was not strongly considering offers for a buyout he never would have aired that particular SH's inquiry regarding a company sale. A buyout possibilty was also discussed in the March 2018 CC. Also in my personal communications with DF, he has always indicated he would readily be open to a buyout given a reasonable price.
In addition anyone who says David can somehow take UF private and just sell the remaining parts of NTEK is foolish and does not understand how acquistions are completed. UF is a wholly owned division of NTEK and NOONE is going to make an offer on NTEK without the whole enchalada. The buyer and NTEK would be opening themselves up to multiple NTEK SH lawsuits as you cannot simply remove UF from NTEK given its a publicly traded company.
IMO if the 5M interim loan actually hits the NTEK account (and thats a big IF) and the lawsuit settlements are paid in full and the CE is removed NTEK will be primed for a sale. This is what I am hoping for and what I believe is a SH's best chance for making his/her money back and possibly a nice return on top of that. Given all the never ending serious setbacks over the last 5 years all other grandiose talk by SH's is only a pipe dream.
A Buyout of NTEK is a NTEK short's ultimate nightmare in spades!
You could hear it in David's voice in the 10 minute call, he is tired and worn out given the endless delays on the funding and never ending lawsuits. It has to be overwwhelming. If the NTEK founder was not strongly considering offers for a buyout he never would have aired that particular SH's inquiry regarding a company sale. A buyout possibilty was also discussed in the March 2018 CC. Also in my personal communications with DF, he has always indicated he would readily be open to a buyout given a reasonable price.
In addition anyone who says David can somehow take UF private and just sell the remaining parts of NTEK is foolish and does not understand how acquistions are completed. UF is a wholly owned division of NTEK and NOONE is going to make an offer on NTEK without the whole enchalada. The buyer and NTEK would be opening themselves up to multiple NTEK SH lawsuits as you cannot simply remove UF from NTEK given its a publicly traded company.
IMO if the 5M interim loan actually hits the NTEK account (and thats a big IF) and the lawsuit settlements are paid in full and the CE is removed NTEK will be primed for a sale. This is what I am hoping for and what I believe is a SH's best chance for making his/her money back and possibly a nice return on top of that. Given all the never ending serious setbacks over the last 5 years all other grandiose talk by SH's is only a pipe dream.
A Buyout of NTEK is a NTEK short's ultimate nightmare in spades!
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