InvestorsHub Logo
Followers 0
Posts 9515
Boards Moderated 0
Alias Born 08/18/2014

Re: AlanC post# 34620

Friday, 09/23/2016 1:45:15 PM

Friday, September 23, 2016 1:45:15 PM

Post# of 36804
NTEK's annual report is due next week and the only "asset" on their balance sheet are the 150 million NTGL shares.

In their 3rd quarter report those shares were valued at $3.5 million. (.0233 per share which was the close on Mar 31, 2016). As of the last trade those shares only have a market value of $765,000 now.

The fiscal year end was June 30 so the value on NTEK's annual report should be listed as $945,000 to reflect the .0062 closing price on that date.