I see NTEK shares flying out of their doors and no cash coming in...
On September 27, 2013, the Company issued 40,000,000 shares of restricted common stock containing the restrictive legends to meet a variety of contractual obligations, which were distributed as follows:
Issued Scott Sherman, unrelated and non-affiliated contractor, 50,000 shares as part of a development services agreement.
Issued Christian Hansen, unrelated and non-affiliated contractor, 1,000,000 shares as part of a development services agreement.
Issued Daniel Wong, unrelated and non-affiliated contractor, 1,000,000 shares as part of a development services agreement.
Issued David Foley, employee, 1,950,000 shares to eliminate compensation past due under the terms of an employment compensation and expesne agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note.
Issued David Foley, employee, 1,000,000 shares to eliminate compensation past due under the terms of an employment compensation and expense agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note.
Issued Lotus Capital Markets LLC, unrelated and non-affiliated, 26,000,000 shares to as part of a financing agreement.
Issued Lorraine Cullivan, employee, 100,000 shares as part of her employee compensation.
Issued Denise Clifford, employee, 50,000 shares as part of her employee compensation.
Issued Adam Curry, unrelated and non-affiliated contractor, 150,000 shares as part of a content acquisition agreement.
Issued LDD Media LLC, unrelated and non-affiliated contractor, 65,000 shares as part of a content acquisition agreement.
Issued Peter Bergmann, unrelated and non-affiliated contractor, 65,000 shares as part of a content acquisition agreement
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