InvestorsHub Logo
Followers 0
Posts 20
Boards Moderated 0
Alias Born 08/25/2010

Re: None

Friday, 08/01/2014 5:31:58 PM

Friday, August 01, 2014 5:31:58 PM

Post# of 6657
From the 10-Q Subsequent Events, BIG change seems to be happening:

1) Outside TTEG shareholders are in discussions with current mgmt. on potential changes to the board, officers and Sr. management;
2) $513,000 of accrued payroll and salary debt for current management is forgiven and coming off the balance sheet;
3) Current mgmt. has rescinded the rights to 2.1m shares of stock options;
4) CEO's 5m share termination clause is rescinded;
5) CEO's 500k Preferred Class A shares with majority voting rights representing 153m share are gone and converted to 500k common shares;
6) Effective July 1, 2014, no more accrued salary for anyone currently at TTE.

These items seem to indicate significant change driven by outside shareholders.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NVOS News