Mr. David Foley- It is now August 1st and NTEK sha
Post# of 96891
(Total Views: 1352)
Posted On: 08/01/2018 3:38:13 PM
Mr. David Foley- It is now August 1st and NTEK shareholders are anxiously awaiting word on the 5M bridge loan. It was announced during the July CC, the funding had closed and you expected receipt of the 5M in July. Per the CC, the fund closed on approx 7/6/18 and shareholders were advised to expect receipt of the 5m within 2 weeks. Faithful NTEK longs have given NTEK an extension until the end of July but now it appears the promise of the altenative funding has been just another broken promise within a long chain of broken promises, missed deadlines, and mysterious catastrophes.
Several months ago shareholders were chastised for questioning whether NTEK had sought alternative funding to the 21M funding that so far has not materialized even though that funding closed over a year ago. So should shareholders now look forward to an announcement that NTEK is seeking alternative funding on the "alternative 5M funding? IMO the talk of all this funding that "closes" but is never sent is becoming quite ridiculous.
NTEK shareholders deserve to know what has happened to the 5M bridge loan. Replies from IR indicating funding news will be shared when there is news to share is unacceptable.
Several months ago shareholders were chastised for questioning whether NTEK had sought alternative funding to the 21M funding that so far has not materialized even though that funding closed over a year ago. So should shareholders now look forward to an announcement that NTEK is seeking alternative funding on the "alternative 5M funding? IMO the talk of all this funding that "closes" but is never sent is becoming quite ridiculous.
NTEK shareholders deserve to know what has happened to the 5M bridge loan. Replies from IR indicating funding news will be shared when there is news to share is unacceptable.
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