Well so far the company has shown signs of delivering off their budget, projections & such. We have had four quarters in a row whereby the company has BEATEN PROJECTIONS. NanoTech is the ONLY pinksheet stock/company I have EVER INVESTED in that put forth a budget, revenue projections, etc.. Shows planning, foresight & being proactive!! Moreover, we can track operations!!
This years projected budget calls for: [] Audit (to begin sometime in 2014) [] $2,630.00/Million shares of Dividends [] $3mm Share Buybacks [] New Products [] New Locations (Las Vegas R&D was just recently announed & ON THE PROJECTED BUDGET FOR THE YEAR) [] NEW Employees (many of whom LinkedIn has confirmed as hired)
1). Company sets a date, whereby they determine who is/was a SHAREHOLDER OF RECORD.
2). Company completes their financials for the quarter.
3). Confirms there is a profit (funds available) AND makes the public filing (in NTEK's case to the OTC-Markets).
4). Company sets the date & pays out.
NTEK has set March 31st as the RECORDING DATE for two reasons really:
1) Because it is the END of a REPORTING PERIOD.
2) So they can complete their financial (as they normally would) AND include the corporate actions necessary to execute!
VERY SIMPLE. I suspect we'll be hearing about ALL MANNER of NONSENSE about this process. However, very simply, it IS the process every dividend-paying company goes through & is COMMON SENSE.
Don't believe me. Self-verify by looking up any blue chip divy paying stock & NOTE when their Dividends are executed!!!
To disseminate a dividend the public company MUST FIRST complete & file their financials. NTEK usually files EARLY. However the filing date for the close of Q1 is 45 days.
We are likely to get the specifics of delivery shortly thereafter. My POINT is simple: Anyone with ANY EXPERIENCE with DIVIDENDS would KNOW that dividends aren't delivered on the disclosed "shareholder as of" recording date!!!
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