Friday, December 02, 2016 7:45:50 PM
Absolutely scorned companies like Cinnafilm that previously dropped the legal ball will come out of the woodwork in attempts to get their due. There is always a bum-rush of the stage mentality as creditors realize other plaintiffs have gotten judgements and a company is on its last legs. It's the secured creditor mentality with everyone fighting to get in front of the line.
The simple math dictates however that none of this matters for investors. One of three things will happen going forward in order to settle the court-mandated judgements: either NTEK will attempt to dilute to the tune of pretty much their full share allotment, dragging this into the trips and beyond, undoubtedly followed by yet another reverse split; Felon Foley will cough up a couple of million of his ill-gotten Royal Capital Group gains to pay everything off, followed by a 300 million share allotment to Long Side Ventures; or NTEK will go BK.
There really are not any other solutions I know of to the problems NTEK finds themselves in, and I find it baffling beyond any measure that stuckholders on the outerwebz aren't talking about this, while they continue to "average down" and get led to the slaughter by the pumpers.
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