iTeknik Holding Corporation (ITKH)

[sprintv66]

I’m skeptical of the outcome here, after some calls and email exchanges it seems the settlement is done.
Fred took $4 million and gave TCA the controlling c shares then he quit.
Big rhino was the only subsidiary making the company any money and all of their employees quit a few months ago. So ITKH is now an empty shell who has then given the control to TCA. Seems to be that Fred just wanted a check for the settlement.
The value of the company was well over 4M since they were posting those kinds of numbers yoy and the old employees at BR had internal conflicts with ITKH/Fred which caused their leaving.
Not sure what all this does for shareholders but it seems we got stuck with a bag. And Fred told me he can’t talk about the case so I assume he’s under some NDA or is hiding things from shareholders. I’ll reach out to TCA tomorrow when markets are open and see if they can confirm the transition of control ITKH to them.