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Re: Sleepy2016 post# 123815

Monday, 07/24/2017 5:41:14 PM

Monday, July 24, 2017 5:41:14 PM

Post# of 220638
The latest NTEK financials, such as they are, show a new $21,000,000 "asset".
Apparently NTEK wrote a piece of paper that will be worth $21M at some point in time:

Notes Receivable $21,000,000



There's even an "explanation":

On March 3, 2017 the company issued a convertible debenture for an investment of $21,000,000 to be completed within 90 days upon completion of due diligence.



NTEK Quarterly Finanicals (sic)
http://www.otcmarkets.com/financialReportViewer?symbol=NTEK&id=172182

So in June, NTEK will either receive $21,000,000 or $0. No provenance or terms provided.

I guess the company will issue a Supplemental Information notice or a Press Release around June 3. O wait, June 3 has come and gone already.

Oh, well.

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