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Thursday, October 23, 2014 12:10:58 PM
Although d.f. and jeffy have published they will do a r/s to reach an exchange, typically, with dark form 15 filers like ntek, I've seen them increase the authorized into the billions, give themselves major preferred shares as well as massive commons, sell off as long as the story can hold up THEN r/s common shareholders into oblivion, so they can wash and repeat.
Unfortunately for ntek, d.f., jeffy and promoters got greedy and stupid and made serious promises and claims that will take down the company when the investigations hit the public. It's going to take time and these things never happen over night. Historically, when the SEC comes a knocking with the 'questioning the filing letters', most shady companies go down within a year or two. It's almost a lock when said company files form 15 and runs and hides only a few months later... that's never a good thing.
Synopsis: ntek increases authorized before EOY, increases personal share holdings preferred and common, tries to sell off, files a 10,000 to 1 or higher reverse split. Then wash, rinse, repeat. Unless of course, SEC proceedings preempts my predictions.
And about that higher exchange boast, I predict d.f. and jeffy will say a higher tier of the OTCM listing is what they mean by higher exchange. That will be another weasel worded white lie to sell shares...making everyone think they mean a real exchange like nyse.
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