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Re: samsamsamiam post# 218301

Saturday, 07/26/2014 10:21:32 AM

Saturday, July 26, 2014 10:21:32 AM

Post# of 380514
BRAVO TO ALL OF YOU WHO FOUND THIS!!!

I think some people might just flip out when you understand how this post just helped NTEK.

On February 14, 2014 the Company issued Seaside 88 LP, unrelated and non-affiliated investor, 3,000,000 shares of
restricted common stock containing the restrictive legend, at $0.0535 per share, as part of obligations under a previously
entered into contract as well as increasing the companies cash by $160,500.



So what does this actually mean?. It's an EQUITY FIRM!. The term "increasing the companies cash by $160,500" means this EQUITY firm invested their own money in exchange for restricted shares. This company is not a hedge, not a promo and most certainly NOT a loan.(keep reading....)

Private equity firms characteristically make longer-hold investments in target industry sectors or specific investment areas where they have expertise.

More on Private EQUITY firms
http://en.wikipedia.org/wiki/Private_equity_firm


A PIPEs deal is an allocation of shares in a public company not through a public offering in a stock exchange. So not on the open market.
PIPE deals are part of the primary market.

In Seaside 88 Advisors Company Overview
IT *clearly states it deals with PIPEs transactions

Seaside 88 Advisors, LLC is a private equity firm.
The firm invests through its fund, Seaside 88 LP.
It invests in private investment in public equities(PIPEs) transactions.

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=117844547

SOOO...THEY INVEST in other companies, companies where they see potential where they HAVE EXPERTISE!!

What does this say to me? It tells me this FIRM BELIEVES in NTEK so much they wagered over $160k of their own money FOR RESTRICTED shares most likely at a small discounted rate (hence the restriction). That is where the (increasing the companies cash by $160,500 comes from). The restriction makes it a HUGE gamble but clearly they see something there. This is NOT uncommon with large companies but with a penny it is unheard of!! So these "EXPERTS" must really know something.. So if anything this is telling the world a group of private investors really believe in NTEK! ..No one knows the future but it appears to me like this firm sees something. I would say they must really believe in NTEK to wager that much especially FOR RESTRICTED shares.. SO it is a gamble for them but clearly they believe the price will go up and feel like the return in a year or more is a no brainer. They clearly have done the research


So GREAT FIND! This tells me someone is willing to place a HUGE bet on NTEK for A VERY LONG TIME IN PENNY LAND!. AND THEY ARE EXPERTS IN THIS SECTOR OF THE ECONOMY!!! WOW!

By all means if you find more like this please post it~