Monday, May 01, 2017 6:58:12 PM
48 hours before NTEK is hauled in front of a circuit court judge for now the fourth time for failing to provide court-ordered disclosure as to what - if any - assets can be legally seized as a result of Long Side being named Enforcement Creditors?
Prudent investors would dump all they have as a hedge against any possibility that trading is ordered suspended, and only dip back in if both the Long Side and K2 orders for disclosure are followed by NTEK and they resolve these matters by paying the millions in court-awarded monies, interest and sanctions now awarded by the courts.
It is evident to anyone by now that neither Long Side nor K2 are going away quietly until such time as they are both made whole. And as an investor, I'd be curious as to why Foley would even face this hearing and others to come rather than provide simple disclosure regarding NTEK's finances.
In short, I'd order investors to stay at least 1,000 feet away from this potential landmine until such time as there are definitive reparations made by NTEK, as the guilt phase of these lawsuits are long past at this point.
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