Replies to post #369114 on NanoTech Entertainment Inc (NTEK)

[Arthur]

Several years ago NTEK entered into a financing agreement with Longside. That agreement had multiple stages of investment. Longside never completed the investment. The investment agreements allowed NTEK to repay in cash or stock, at NTEK’s choice.
At the time that Longside demanded payback, NTEK optioned to issue shares. The share price at the time was subpenny. NTEK issued the shares in blocks representing each of the payments that was owed to NTEK by Longside. NTEK put the shares in escrow with instructions to the lawyer controlling them to release them upon delivery of proof of payment. Longside refused to provide proof of payment and refused to accept shares for payment. The shares were eventually returned to treasury.
Several years later with the stock price significantly grown, Longside demanded the same number of shares as payment without adjusting for current price.
The dispute over this became a lawsuit.
The lawsuit was settled in December of 2016.
The terms of the settlement were not completed by previous management.

That's D.F.'s view of the Long Side lawsuit. Assume facts not presented in evidence.

[SqueakyShoe]

Now *squeak* ash yourself why would a market cap company valued at 3 million get a loan for 21 million? *squeak* - would it not make more $ cents to buy all the shares and own the company for 3 million?