InvestorsHub Logo

shajandr

02/10/18 12:50 AM

#35397 RE: shajandr #35396

Let's boil it down even simpler, Alan.

NTGL has 181,660,650 shares ~OUTTstanding as of the last report.

Shares Out 181,660,650

NTEK has been issued 150,000,000 of those shares.

DaFoleyFelon claims (now) that NTEK cannot control NTGL because NTEK 'never received the shares' - even though the TA CONfirms they were indeed issued to NTEK and the 181,660,650 number includes the 150,000,000 NTGL shares issued to NTEK.

DaFoleyFelon also claims there is 'new management' at NTGL.

Problem: if NTEK doesn't control NTGL through the 150,000,000 shares issued to NTEK, so NTEK cannot VOTE those shares, then there is NO WAY any directors can or could be elected because it would be impossible to get more than 50 percent of the ~OUTTstanding shares, as less than 30 percent could vote since NTEK (according to DaFoleyFelon) can't exert voting control and doesn't have the abilityt to vote the shares - which are 70 percent of the total ~OUTTStanding.

With no directors, no new management could have been hired, as the BOD appoints and hires officers and there can be no directors.

So which of those two DaFoleyFelon claims is a lie? It must be at least one, as they are mutually exclusive, and most likely both are FoleyLies.