![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, October 08, 2014 5:24:11 AM
Cash...............................................................$250,000
Common Stock (7,580,000 shares X .001 par value).....( 7,580)
Additional Paid in Capital........................................(242,420)
Now that doesn't tell you where the cash went, only that it was received. Bennie didn't get free shares. Nay, nay, nay. Shares at a good price to be sure, but he had to buy a large block and they were restricted. How many of us could have ponied up for the same terms? As it turns out, Bennie made a good deal. BUT, there was a point when the share price fell awfully close to his purchase price. He took some risk, NTEK got cash when it meant a lot and we will all benefit as a result. What's not to like about that?
Thanks Bennie. A lot of us really do appreciate what you've done for NTEK and all of it's shareholders - yourself included.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM