Tuesday, August 11, 2015 9:36:45 AM
San Jose, CA – February 18, 2014
“we announced our intentions to move back to a fully reporting status. We have been putting the systems in place to achieve those goals in 2014. (…) We are working with these teams to create a full set of audited financials for 2014 and once released, will start the process of moving up to bigger and better exchanges.”
August 2015 still no audits.
SAN JOSE, CA – June 6, 2014
“We fully anticipate over 1 million UltraFlix customers this year. “
2014!
“The company has plans starting next month to buy back shares and as recent filings have shown company executives have been purchasing tens of thousands of dollars’ worth of shares in the past two weeks at these bargain prices”
I wonder when did they sell? They were buying up to 0.16
“While the stock price is temporarily low, we have the utmost confidence that upcoming news and product releases will be very well received and market confidence will grow ever stronger.”
Price temporary low? Was 0.05 now 0.01
SAN JOSE, CA – August 20, 2014
“We have recently added internal staff who have begun the work needed for the preparation of audited financials moving forward. We have retained a local CPA firm to help us integrate our new accounting
system, as well as organize our records to streamline the audit process. Our goal remains, as previously discussed, to have audits completed for 2014. “
“We have had many questions about share reduction and share buybacks. Our business plan calls for the use of a portion of profits to buy back shares and reduce our outstanding shares. We have to balance this use of proceeds with other needs of cash including upcoming mergers and
acquisitions, and when it makes sense we intend to reduce our outstanding shares as much as possible.”
Never happened.
“With several new product announcements, M&A news, content contracts, and key partnerships on the horizon we are very excited about the future of NanoTech and where the company is moving. “
What several new products?
Sep 15, 2014
OTC Disclosure & News Service
“ NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra HD experience to consumers, announced today that it has signed an agreement with Sony Electronics, the leader in the 4K Ultra HD TV industry. Under the agreement, NanoTech’s all 4K UltraFlix Network App will be bundled with Sony’s 2014 4K Ultra HD TV product line.”
Nope, another delay.
SAN JOSE, Calif., Oct. 15, 2014 /PRNewswire/ --
“NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra HD experience to consumers, announced today that it has entered into a distribution agreement with Eagle Rock Entertainment to add more than 50 legendary concerts and music industry documentaries to NanoTech's UltraFlix™ all 4K Ultra HD network.”
Where are they?
SAN JOSE, CA – December 23, 2014
“We have no intention of raising the authorized share structure, nor any contemplation of a reverse split. We will continue to balance the issued and outstanding shares against the buyback and our ultimate goal is to reduce the share count, but at this time we don’t see any need to increase the authorized shares, which have been reduced once already in the past 2 years, and as we get to a point of further reductions, we will once again reduced the authorized share count.”
Few weeks later AS raised from 750mln to 990 mln!
End 2014 and still no audits :
“Our new CPA firm has been working on the audit process for all
seven of our companies. Once all of the companies have been completed, NTEK will file the audits and will file the necessary forms with the SEC to complete our uplisting and return to the OTCQB board and beyond.”
Feb 02, 2015
OTC Disclosure & News Service
“With the acquisition complete, NanoTech shareholders of record as of February 6, 2015 will be allocated shares in HVEL equivalent to their percentage of ownership in NTEK. Shares will be issued to NTEK shareholders upon effectiveness of a to be filed Form S-1 Registration Statement with the Securities and Exchange Commission ("SEC") pursuant to the Securities Act of 1933 as amended.”
As of August 2015 no free HVEL shares for shareholders.
SAN JOSE, CA – February 6, 2015
“We have not changed our Authorized Shares and have
no current plans to change it or to execute a reverse split.”
Another lie! 4 months later AS raised again from
990mln to 1.39 bln!
„NTEK was comprised of 7 separate business units, each of which
is undergoing the audit process. We had run into issues with previous service providers and have changed both CPA
and Auditing firms. Completing audits was one of the priorities driving our recent reorganization. We have every intention of each business audit being completed in a timely fashion and once completed, re-registering with the SEC and immediately up listing to the OTCQB. As our business grows, we do plan to up-list further aswe meet the criteria of the big boards”
Audit in progress
“Sony is in final QA of their release and will be pushing UltraFlix to their customers very soon. “
We are working a variety of programs including UltraFlix gift cards being offered by many retail outlets. Look for our marketing campaign to kick off this quarter.
Did I miss something? Gift cards, campaign?
“This week we have increased our Authorized shares from 740MM to
990MM.
No comment
SAN JOSE, CA – March 12, 2015
“our 4K service and we will be on 90% of the 4K Smart TVs by the end of Q2, “
Only 20% by Q3
“Beginning in Q2 we will be launching Live 4K events including concerts, music festivals and sporting events. Along with our Live streaming events we will be offering our “All Day 4K” channel featuring a 24 hour stream of 4K content.”
“We will be making content announcements from studios including Warner Brothers, Sony Pictures, Lionsgate and Miramax in the coming weeks as well.”
Still waiting…
“We have had a very productive quarter and have a several major announcements that will be released to the public in the coming weeks.”
That “major announcements” were: Interstellar, GI Joe, Armada TV and some bollywood movies.
Jun 12, 2015
OTC Disclosure & News Service
NanoTech Adds Over 100 Alchemy Titles in 4K Ultra HD to UltraFlix Streaming Network
Still waiting…
June 25. 2015
“We have optimized our encoding workflow and have 100 films that will be uploaded to UltraFlix in the next 15-30 days”
Never happened.
July 28, 2015
“Earlier this year we increased our authorized shares. This was necessary to help the company reach our long-term goals and meet contractual obligations that have provided the company with much needed intellectual property and licenses. We believe that the last raise was sufficient to cover our short-term goals and do not have plans for another raise”
And now AS in almost max out again with 1.23 b. outstanding!
“We are making progress on the audit process.”
We`ve already known this story…
“By Q4 2015, we expect UltraFlix to be available on 90% of all 4K devices in the world.”
Wasn`t by the end of q2 this year?
“In the coming weeks we will be announcing expanded relationships with two major studios that we believe will increase our library by over 500 titles, all of which will be well known A Class box office hits and represent a major portion
of the top 250 movies ever produced.”
Failed to deliver selection of 100 movies last month so… 500 more in the next coming weeks?
In the past 8 months NTEK issued 745 mln (!) new shares, that is over $10 mln spend on what???
I know… we will soon find out.
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