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Wednesday, March 19, 2014 10:36:03 AM
1). Company sets a date, whereby they determine who is/was
a SHAREHOLDER OF RECORD.
2). Company completes their financials for the quarter.
3). Confirms there is a profit (funds available) AND makes
the public filing (in NTEK's case to the OTC-Markets).
4). Company sets the date & pays out.
NTEK has set March 31st as the RECORDING DATE for two reasons really:
1) Because it is the END of a REPORTING PERIOD.
2) So they can complete their financial (as they normally
would) AND include the corporate actions necessary to execute!
VERY SIMPLE. I suspect we'll be hearing about ALL MANNER of
NONSENSE about this process. However, very simply, it IS the
process every dividend-paying company goes through & is COMMON
SENSE.
Don't believe me. Self-verify by looking up any blue chip divy
paying stock & NOTE when their Dividends are executed!!!
GET THE FACTS!!!
NTEK
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