The OS never got below 499 mil OS to my knowledge and according to the TA. Back in Dec. 2012 when I first bought shares the OS was 770 mil and AS was 990 mil.
I don't know if David did or did not. I know that Phil Foley had shares "returned" & I believe retired. But, when I am personally interested in an inquiry, I don't go to the board: I go to the source materials & GET THE FACTS for myself.
Did David take shares & retire them? IDK. When I came around the O/S was around 700mm+, maybe as high as 760mm (I'll have to check the numbers) & right now...the way I look at the A/S it is "effectively" 488mm (since 40mm has already been discussed as being held in escrow for callatterol & to establish a LOC-- & will then be retired), the O/S was also as low as 464mm according to the T/A. But NTEK IR maintained that it WAS NEVER THAT LOW (despite what the T/A said) because NTEK had already allocated those funds for a series of acquisitions.
So, it was NO surprise to me when NTEK IR was saying the A/S was 740mm despite the TA reporting the A/S to be at 990mm at the time. They have consistently been adamant about the fact that the ss is what it is when their BOD makes an executive order.
So, NTEK may list 528mm the 40mm being held in escrow which is scheduled to be retired, puts the EFFECTIVE O/S @ 488mm & NTEK has said they remain committed to reducing it so....we'll see!