So GREAT FIND! This tells me someone is willing to place a HUGE bet on NTEK for A VERY LONG TIME IN PENNY LAND!. AND THEY ARE EXPERTS IN THIS SECTOR OF THE ECONOMY!!! WOW!
LOL stick around pennyland a little longer and you will get a taste of what these "experts" are all about. I believe there are a couple boards here on IHUB that discusses toxic funders and what they do to pennystocks. Yeah they are experts all right at helping themselves!
What I am trying to find is some evidence of the previous contract they supposedly have to get a better idea what they have in mind.
The Pipes The Pipes are calling!
I do DD - if it helps - fine. BTW I wasn't the one that "discovered" it. It was discussed when the filing came out.
They invested $160,500 in NTEK for the exchange of 3,000,000 RESTRICTED shares. $0.0535 per share for $160,500 EQUALS exactly 3 million shares.
They saw, they bought, they are LONG and they are an equity firm with expertise. Cheers!
On February 14, 2014 the Company issued Seaside 88 LP, unrelated and non-affiliated investor, 3,000,000 shares of restricted common stock containing the restrictive legend, at $0.0535 per share, as part of obligations under a previously entered into contract as well as increasing the companies cash by $160,500.
Great find and thanks for your research it is spot on confirmed myself. You can bet there is more attention now then ever on NTEK as an up and coming company with spectacular growth forecast that is becoming very predictive in nature of explosive potential. The attention to the whole 4K, streaming technology is on the verge of a bust out and NTEK is ready to grab it! Many more investment firms IMO are looking at NTEK right now and when audits are released hold on for the ride!