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Bat,It has been well known for sometime that

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Chrf4   Tuesday, 06/22/10 07:30:30 PM
Re: Batscam post# 338
Post # of 6809 
Bat,

It has been well known for sometime that NTI would pursue acquisition of a shell company in order to get to a public trading platform. EPDS trades on the OTC but has very low OS and is not controlled by the usual suspects.

I do own some EPDS shares but I am not certain that the merger of NTI into EPDS is going forward as the target date for consumation has now slipped nearly two months. Of course, completion at the end of this current calendar quarter does make some sense.

If the merger takes place as prior planned but just delayed, it is absolutely intended that the company will use share assets to obtain financing. The usual suspect lenders have not previously provided funding to NTI. If so, we would likely not have seen Mike Sheppard out hustling folks to invest in NTI private company shares. Not sure what MS will get in the process. With no job at Global, he had to be doing something. Right?

As MS was looking for investors, an NTI pro-forma was being floated around that looked good for 2010 and provided good numbers going forward. However, without seeing audited figures, who knows if any projections were valid. A DEF14C might provide more definitive information. Not sure that is going to happen with EPDS.

If nothing else happens, there may be a new 10Q out in about a month.

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