DD Support Board and Research Team

[nodummy]

NCT Group (NCTI) saw some action today



Decided to take a quick look at the filings to see what can be learned about the stock.

The last time the share count was given by the company was August 1, 2006 (over 4 1/2 years ago)

The Authorized Share Count was 5,632,000,000
The Outstanding Share Count was 931,175,126

There is absolutely no telling what the current outstanding share count is, but based on the large number of debt Notes this company has I am sure it is much much higher now. I checked with the Delaware SOS and the A/S count has not changed since August 1, 2006.

Now let's take a look at the stock.

This Schedule 13D filed on 11/14/2006 tells you pretty much everything you need to know. They have huge convertible Debt Notes that can be converted any time the owner wants.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4758905

Assumes the conversion in full of NCT Group, Inc. ("NCT" or the "Issuer")
secured convertible notes in the aggregate principal amount of $166,804,002 held
by Carole Salkind as of October 3, 2006. On October 3, 2006, NCT issued and sold
to Ms. Salkind two convertible notes totaling $166,804,002 pursuant to a
convertible note purchase agreement in exchange for the cancellation and
discharge of all of the then outstanding notes issued to Ms. Salkind by NCT in
the aggregate principal amount of $116,114,524. The notes are convertible into
NCT common stock at any time from issuance until date of note discharge at a
conversion price per share equal to the greater of (i) $0.0025 or (ii) the par
value of NCT common stock on the date of conversion (currently $0.01 per share).
At the election of Ms. Salkind, the notes may be exchanged for shares of common
stock of any subsidiary of NCT (except Pro Tech Communications, Inc.) that makes
a public offering of its common stock (at the public offering price). Summarized
below are the convertible notes held by Carole Salkind as of October 3, 2006:

Issue Date Due Date Principal Shares
---------- -------- --------- ------
10/03/06 10/03/11 $133,443,202 13,344,320,179
10/03/06 10/03/16 $ 33,360,800 3,336,080,045
----------------- -----------------
$166,804,002 16,680,400,224


Since August 1, 2006 NCTI has also issued several new Debt Notes. There are nearly a dozen 8Ks on file for NCTI during the last half of 2006 and first half of 2007 before the company went dark and stopped filing all together in April of 2007.

The company cannot even be reached any more - nobody seems to be able to find a way to contact them.

I looked at the chart for NCTI and it's had its occasional bumps up to $.0008 over the past 3 years which just happened to be today's high, but it always quickly retreats back down to $.0001 where it sits for months on end.

I am very sure the same thing will happen this time. Too many shares needed to be sold for debt for this dead company.

Interesting 10 minutes ago it had the stop no information symbol on the pink sheets:



I just looked again now and it has been given the Caveat Emptor symbol