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Re: samsamsamiam post# 148773

Thursday, 01/23/2014 6:29:30 PM

Thursday, January 23, 2014 6:29:30 PM

Post# of 380562
It is impossible for the company to issue shares without the TA being involved. Perhaps you should do a bit more homework on how it works. Let me provide a little education since you clearly don't understand how public companies issue stock. The company doesn't issue shares. The board of directors issues a resolution, and then sends the request the TA to issue shares. The TA reviews the board minutes, and the request, and if everything is in order issues a restricted certificate. There are many rules surround the lifting of the restriction of that certificate. At it currently stands with NTEK, the shareholder must hold the shares for over 1 year; they must not hold more than 9.99% of the outstanding shares; they must not be an insider or control person and have not been in that role the past 90 days; they must have the original issuance paperwork, the certificate, instruction letter, declaration by the shareholder, declaration by the company; all of that paperwork must be submitted to Steve Roberts for review. If everything is in order, he, and he alone, will write an opinion letter. That letter, along with everything else is then submitted to the TA and the restriction is lifted.

All stock certificates are held by the TA and are generated by the TA. The company cannot print certificates, and cannot issue them unless going through the TA. Therefore, by definition, all shares issues are reported to the TA.

Anthony Santos was special counsel in a single lawsuit which was completed. His information was removed from the OTC setup, however, their website has a bug that is leaving it and another law firm that is no longer being used on the OTCmarkets webpage. OTC markets has been notified of this bug.