iTeknik Holding Corporation (ITKH)

[benosufan]

Wouldn't that be nice...LOL. I highly doubt we get any proceeds from the sale of any assets left from Big Rhino. The receiver reported that the loan will be sold as part of the overall portfolio of loans. So I don't see this going anywhere anytime soon. Whoever buys the loan portfolio will have to sift through what's left of ITKH. Eventually someone will realize there is nothing left but the shell. Maybe the debt/loan is converted to commons at some point? I originally thought that the receiver would be dealing with the debt but it doesn't appear they are doing anything but just selling the loan to someone else. A long process that doesn't resolve anything for ITKH shareholders. So no one really knows much of what is going to happen here. I just don't expect them to hand over anything to shareholders. If anything the debt gets converted at some point then a RS. The one thing I am not sure of is ITKH was signed over to TCA Fund by the old CEO wicks...at least that's the filings I saw a long time ago. Therefore I believe ITKH is held by TCA fund, or now the receiver. I haven't ready anything in their reports that address this. Just talks about the loan...so who knows? Maybe we get lucky and whoever buys the portfolio will sell the shell/ITKH to pay for the loan and forgive the difference....LOL :)