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Monday, October 26, 2015 7:00:19 PM
That post is so absurd is sooooooo many ways.
You can't IPO a publicly listed corporation. FACT.
NTEK still doesn't even have audits. FACT.
You can't even get an S-1 for NTGL approved until the parent NTEK is audited. FACT.
NTEK doesn't need any votes to spin off a division, just like they didn't have any proxies for spinning off NTGL into HVEL. FACT.
NTGL still doesn't have an audit. FACT.
NTGL still doesn't have an S-1 filed. FACT.
The SEC will not declare any NTGL S-1 effective without audits of the parent NTEK for at least the prior two years before the sale to HVEL. FACT.
These are just SOME of the FACTS that make the idea of an NTEK 'IPO' laughable.
The proxies are for a REVERSE SPLIT - that's the 'recapitalization'. And Foley will walk away with even MORE shares to dump. FACT.
He just got another 400 million shares to dump with the 'interim' A/S raise. FACT.
Third A/S increase in 10 months! FACT.
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