I liked the fact David stated he will be updating
Post# of 96891
(Total Views: 987)
Posted On: 11/30/2018 7:52:34 AM
I liked the fact David stated he will be updating SH's in a few weeks regarding the status of the funding. That is a rather quick timeline especially taking into account NTEK's history. This leads me to believe David is confident the 10M line of credit will actually happen in December. The fact two private investors have put up 5M each as collateral for the 10M line of credit tells me they are extremely confident of the NTEK business plan and the future success of the company.
I am hopeful once NTEK receives the 10M line of credit via regular merchant banks and puts the money to work to wipe out all NTEK debt, lawsuit settlements, and gets the CE removed this will persuade the 25M funding Co. to finally release the funding. We don't know for sure why one of the funding companies dropped out or why there has been such a lengthy ridiculous delay from the 2nd funding co but I'm sure all the outstanding lawsuit settlement payments and debt was not helping the situation any.
Yes, NTEK is powerless without funding but could well become a "Powerhouse" in 4K/8k HDR streaming once the 10M line of credit kicks in. IMO the NTEK heartbeat has grown stronger and all the pieces are in place for the phenomenal success we have been waiting for these last several years.
I am hopeful once NTEK receives the 10M line of credit via regular merchant banks and puts the money to work to wipe out all NTEK debt, lawsuit settlements, and gets the CE removed this will persuade the 25M funding Co. to finally release the funding. We don't know for sure why one of the funding companies dropped out or why there has been such a lengthy ridiculous delay from the 2nd funding co but I'm sure all the outstanding lawsuit settlement payments and debt was not helping the situation any.
Yes, NTEK is powerless without funding but could well become a "Powerhouse" in 4K/8k HDR streaming once the 10M line of credit kicks in. IMO the NTEK heartbeat has grown stronger and all the pieces are in place for the phenomenal success we have been waiting for these last several years.
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