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Re: AugustaFriends post# 340531

Friday, 02/27/2015 2:09:34 PM

Friday, February 27, 2015 2:09:34 PM

Post# of 647597
about NETE and dilution fears:

from 8k

As of January 26, 2015, the aggregate market value of our outstanding common stock held by non-affiliates, or public float, was approximately $17,444,242 based on 15,575,216 shares of outstanding common stock held by non-affiliates (compared to 31,199,816 shares of Common Stock outstanding including shares held by affiliates), at a price of $1.12 per share, which was the last reported sale price of our common stock on The NASDAQ Capital Market on January 26, 2015. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell common stock in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75,000,000. We have not sold any common stock pursuant to General Instruction I.B.6 of Form S-3 during the 12 calendar months prior to and including the date of this prospectus.

Our common stock is traded on the NASDAQ Capital Market under the symbol “NETE.” On January 26, 2015, the last reported sale price of our common stock on the NASDAQ Capital Market was $1.12 per share.


as long as NETE stays below approx $1.60 there's no need to fear dilution, IMO.

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