InvestorsHub Logo
Followers 14
Posts 1328
Boards Moderated 0
Alias Born 06/16/2014

Re: None

Thursday, 11/05/2015 11:33:10 AM

Thursday, November 05, 2015 11:33:10 AM

Post# of 380525
Deleted quote from NTEK IR

I believe the company communicated that they felt they did not need to increase the A/S. At the end of the day this is a public company that is not cash flow positive yet, competing in an expensive space. There is always a possibility of share increases depending on the business operations at hand. Unless the company comes out and states that they positively will not increase any shares for a given timer period, this is always the case. Emerging growth companies go public because they need to raise money. We all want to see our investment worth much more than it currently is, and these things are completely necessary in my opinion. Again allow the stream of communication to begin to flow out.



This was posted by Dan Wong and then deleted, his reply to someone asking about the recent A/s raise. Wong tells people the company is not cash flow positive (not the first time hes said this) when NTEKs own financial statements clearly show that they are cash flow positive.

" There is always a possibility of share increases depending on the business operations at hand. Unless the company comes out and states that they positively will not increase any shares for a given timer period, this is always the case. "

This quote just hurts my brain. So let me get this straight, there is always a possibility of a share increase unless the company positively says there won't be. What about the last 3 times they raised the A/S after saying they wouldn't? I guess it's okay because they didn't "positively" say they wouldn't raise it.

What a joke NTEKs Investor Relations is.