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Why did this go to over 250 not long ago and then dropped precipitously? Clearly manipulation was going on but why this stock?
Are the 30,000 lost at see again or BB salespeople not completed the 3 months training in usage?
Yeah, someone spent $8 to paint the close green but it doesn't matter this scam gig's up.
So let me get this straight, we are supposed to believe that someone shorted 6 cents worth of this garbage. Only a fool would believe the daily short report or that Foley is an honest hardworking officer trying his best to make this and parent NTEK a success. It amazes me even after the Wells Notice and statement from the SEC of criminal activity from the getgo people still believe all is well and these are gems in the rough.
Remember the lie to a buyer of the NP-1 who emailed me Foley's response to him. After paying he never got it. I recall then the excuse was it was going to BB but needed several months to train salesmen. Then the bs Google update excuse why it never shipped months after they said it already did and finally that they did ship the units to 25 foreign countries.
Sent: Tuesday, January 21, 2014 3:39 PM
To: David Foley
Subject: Nuvola player
David
I have many people on the forums asking me about the player. I told them that it has been on order for ever.
Where are you at on this project?
It's simply not possible to make people wait like this. People lose interest.
Could you give me an ETA? I mean they can't be ordered one at a time from China, I'm sure you are getting at least 1000~5000 pieces?
OR?? is this a marketing feasibility study, with no product yet?
We have started shipping distribution and retail orders. I disagree with your statement that people lose interest. Online orders will start shipping in a few weeks. The first 15,000 went into the channel. The second run is 25,000 and will be used to cover the online sales and place inventory with Amazon.
Considering that the PPS has been consistently going down for years then they had a R/S and immediately the slide continued no money made unless you were short. The few blips that increased the share price were usually at the end of the day for a few bucks to fake a green close. This has been a scam from inception.
My very first post here literally 5 years ago was a warning. I remember reviewing the financials and seeing huge discrepancies and was concerned that they were also done by the principle and not audited. What more I noticed and mentioned here at the time that they were paying his brother Jeff 5 figures a month rent for the use of his business facility which made no sense because they had nothing to store and this was way before UF. Then to cover their tracks probably after reading my warning here NTEK bought the Ice Carving business from Jeff but never reported the purchase price anywhere. I remember writing here how absurd it was that a supposed tech company would buy an Ice Carving concern. Ultimately it was given back to Jeff but once again no mention of purchase price/sale was ever given in any NTEK financial. That said right from the start even before the fake NP1s where produced they were involved in funneling money to themselves.
Even after all the lies... The 60,000 shipped NP1s but never received anywhere. The no more dilution, no R/S, Royal Cap being an unafilliated/unassociated investor, 21 million from private investors, 5 million bridge loan, numerous times audits where ready shortly, even in days but never materialized, the Wells Notice and now the SEC investigation. All the blame are because of shorts in the conspiracy fantasy as if anyone would short and margin at $2.50/share putting up hundreds of thousands in a nothing penny stock in the hopes of making lunch money.
"There is no question this company has been under attack for years and is today by short sellers. There is also no question those short sellers are frustrated by the fact the company is still a going concern and poses a huge threat to them. It would not surprise me one iota to learn that the information provided to the SEC was provided by those that are short."
No question?? And this is gathered from the daily report that even FINRA themselves will tell you when you call them and has been proven here multiple times has absolutely no bearing on any actual shorting. The biweekly numbers showed a substantially different story whereas factually there has/had been very little shorting in NTEK.
This has been a scam from day one and was orchestrated by a felon to benefit him and his family only.
Absolutely amazing reading the spin that it's all the short's fault not the Foleys. They had to do the R/S because of the shorts. They wanted to make the company a success but the shorts killed it and made them do unethical things. Anyone writing such idiocy is either connected to the Foleys in some way or lost mentally in the world of fake conspiracies. Posting the worthless short report daily even though proven time and time again does not represent actual shorting in the stock is one example of the shift in blame and how oblivious to reality some are. A simple call to FINRA which I have done and the believers of this daily posting should do would instantly remedy such falsehoods. Of course then I bet some would spin it as if FINRA is involved in the short conspiracy as well. Ironically several of the phoney shells that were set up to dilute the company and make the Foleys money were set up way before the R/S which completely invalidates their arguments anyway. Amazing after all the lies, Wells Notice and now the SEC investigation some are still in denial and think this board which has reported all the lies and discrepancies over the years are the scammers and the outerweb fan club which deleted the truth and defamed the honest were honest and honorable.
If you recall not only was there a reverse split but they simultaneously increased the authorized shares to dilute more. This is and has always been a scam plain and simple. I can't believe how shareholders accept that they lied about giving a billion shares to his wife via the Royal Capital shell and reported it as an unrelated/unaffiliated investor. Not to forget outright giving her 30 million shares while DF sat in prison. How they actually believe anyone would loan a convicted felon millions with a foreclosed home and like a dozen lost lawsuits some from former employees is beyond me.
You would think with the billion shares given to his wife through Royal Capital (even though stated in their financials as an unrelated and unaffiliated investor) when the PPS was significantly higher he would have made well north of ten million on this scam.
Only place this scam is running is into the toilet. Can't believe anyone would believe this triple zero garbage is real. How many years ago I warned about this crap and was told to leave. First they pumped up the big video they were releasing about their product to jack up the price then it came out albeit very late and it was a laughable joke. Even kids in Junior HS could have made a better one. The funny thing is people here admitted it was crap but then spun it as they were working on a real ‘professional’ one and just put that out to have something. Of course the 'real' video never came but never ending printing and selling of shares did meanwhile stock went down to triple zeroes all the time people saying big things are coming. Get real! This was/is a scam and your money is gone.
Wow, the absurdity on the outerweb fan club. The fact that DF declared bankruptcy and said NTEK owes him roughly $1.7 million is a good thing because it indicates how much he wants NTEK to succeed so he can get his money. Complete denial that he has already made tens of millions selling hundreds and hundreds of millions of shares he gave himself through his wife via Royal Capital which was on NTEK's own financials reported as an unaffiliate and unrelated investor. Even the over 30 million shares NTEK gave his wife when he was in jail is unimportant. DF is an honest and upstanding person it's the supposed 'shorts' here and the corrupt SEC that's the problem. Meanwhile climate change is a Chinese hoax.
You mean the last two $90 worth of trades? Wow, how encouraging! Many people down 5 and 6 figures getting no solace from that.
Have to get a good chuckle about the line of credit now supposedly coming from a European Bank. Probably got the BS idea reading about Trump's businesses so why not make up a story of getting funding overseas like he did. People will believe anything. Kind of reminds me of when the 60,000 promised NP-1s never appeared the new excuse was that they were shipped to 25 foreign countries. No one heard of them in the US. You would go to BestBuy and asked them and they were clueless but overseas they were selling like hotcakes. Naïve investors will grasp at these straws with new unfounded hope that this scam run by a convicted felon is actually legit.
Already excuses and blame being pointed away from the felon founder most likely by the founder under an assumed name. First, blame a dead guy and others while founder is in jail but call it a 'think tank'. Blame large salaries by executives for losses yet unsurprisingly these large salaries don't even show up on their on financial statements. Forget the billion shares that the felon founder gave to a shell company owned by his wife and another 30 million shares given to her outright while he was in the 'think tank' and she didn't even work for NTEK. Forget the other shell company felon founder had an employee set up and given huge chunks of shares all of which were sold away while promising 60,000 fake NP-1s shipped but never showing up anywhere and 2.0 and 3.0 versions of nothing to naive investors blinded by penny stock riches that only created 99% losses.
It's just the principal writing under another name making bogus excuses that anyone with a semblance of intellect realizes carries no water. I wrote right after the CC that the promised day would come and go without anything materializing. This has been true for years here and if people would have listened to me from even my very first post years back they would be sitting pretty not down over 99% on this obvious scam perpetrated by a convicted felon.
Clearly false. The vast majority are down 98% or more. Only insiders, the principle and his family made money. Everyone else under water many for five and six figures with no real ability to get it back praying for a miracle that will never happen. End of day $50 purchasing way above the asking to create a green ending helps no one.
Yes, I was the first to mention that $16,400 a month he was giving his brother after reviewing the financials. The thing is they probably wasn't really using/needing that Ice BS building because all the supposed NP-1s were being made in China and we definitely know not a single unit actually ever showed up at BB or anywhere when 60,000 was supposedly shipped. Then NTEK stated they bought the Ice BS company after I mentioned that here but never disclosed the amount paid and a few years later stated was given back to brother Jeff again never mentioning anything paid. What a complete scam and family enrichment con this has been.
Everyone selling they know they've been scammed. Why it took them sooooo long is beyond me. Even the slightest red flag in pennyland is a loud indicator to stay away. Here were countless huge red flags again and again for years yet greed kept people believing a pipe dream and to trust a convicted felon.
The fact that the penny stock world exists and has so many players reinforces the old expression, "a fool and his money is quickly parted." Find any obvious scam and you will still see those who refuse to believe the reality and continue to buy into the lie. With this scam virtually every CC and shareholder's letter were just smoke proven false yet some will believe the next lie as if this time it's true. There is no funding and will never be funding, period. Just like with audited financial done in a few days, 60,000 NP1 shipped, deal with Akyumen, UF button on Hisense remote, NTGL shares, no R/S, previous funding finalized and waiting for checks, Royal Capital an unrelated and unaffiliated investor. One can go on and on with their lies. After a few months when nothing has happened we will still hear how shorts are worried like virtually every month for the last five years and how soon this is going to make it big. Meanwhile let's forget the dozen or so lost lawsuits, (for millions), two from actual employees. The principal losing his own home, no business office or license, crossbones for a year etc.
I can't believe anyone would rationalize or try to give any semblance of credibility to anything with regards to the poor performance of this stock. This was a scam from the get go. Has nothing to do with products or management that was all BS. I said so years back and everyone here except for the few who saw through it all told me to leave and the, 'why are you here then' or I'm a short etc. It was a scam and designed as such from the start to enrich the principals then move on to the next great thing scam. Welcome to the world of penny stocks.
How hysterical. Over eight hundred thousand dumped today then the last 40 seconds of the day someone bought $50 worth at 0.01 just to fool longs into thinking there is actually life left in this scam.
I warned this was a scam many years back but was told as is usually the case with these pump and dumps to go away or the then why am I here line? Then the probably a short etc., BS. This was always a scam. They had nothing and the first video that took forever to produce was so incredibly unprofessional it was laughable and then they made a bogus excuse that they were going to make another professional one. Meanwhile printing and diluting the stock while pumping nonsense. I warned and warned but moved on to warn about other scams. It always amazes me how people absolutely refuse to believe the obvious. Even years later when the stock is down 99% and management not delivering on promises after promises people still hold onto false hope that they're holding a gem.
Really??! The 'shorts' bought less than $4 worth of stock? That's makes perfect sense to anyone? I guess spending less than seventy cents literally seconds before the bell to paint the shares green never happened.
I'm still waiting for the Hisence remote with the dedicated UF button promised 3-4 (or more) years ago before the time NTEK stock owners were getting loyalty NTGL dividend shares which also never happened. This scam is so hysterical yet some still believe the nonsense.
Yeah, that actually happened at one of NTEK's conference calls years back and of course some longs blamed shorts saying they inserted the toilet flushing sound. They were saying shorts were scared and in trouble back then on a daily basis as well. In the interim, the PPS continued its precipitous decline to this day and they're still blaming shorts for that and saying that they're still scared and in trouble. How absurd is that?
Can't wait for the short report. This is and has always been a scam anyone thinking otherwise is a fool - simple as that.
Another EOD $9 paint to keep the longs calm.
Now they're all excited about a CC on Nov. 9th, as if that actually means anything. How many CC have they had with promises over the years and none came to fruition. I bet they will say that funding is almost completed like they did over a year ago during another CC which never happened and will never happen. I don't even feel sorry for the longs anymore. Here you have the founder who is a convicted felon and there is definitive proof of Royal Capital being owned by his wife whereas they funneled over a billion shares to it. Meanwhile in their own financials it was labeled as an unassociated/unaffiliated investor. They have a around a dozen lawsuits all of which I believe they've lost even from employees. His house is in foreclosure because he doesn't even pay his mortgage yet someone is going to see all this and say looks great let's invest millions to this guy. I guess this is why there are so many penny scams because marks are so plentiful and no matter the proof or facts they will blindly believe the next lie.
Got to love roughly 15 seconds before the day ends a $45 paint to close the day green from the all time low. What an obvious scam this is, yet people still playing the naïve investors which sadly there is no shortage of here.
But like clockwork we'll get the bogus daily short report to fool naive longs into thinking it's the MM and shorts fault and everything else was on the up and up.
How sad, someone spent less than a dollar to make this stock green. The transaction fees cost more than the actual equity bought. What a scam this is.
Got to love the literally last few seconds of the day $50 paint to appease longs with this scam. Anyone believing shorts or MM playing here needs to find an investment advisor and defer all investment decisions to them as they are lost and will never find their way home.
Article leads nowhere. Secondly, does anyone honestly believe the big boys like GS even knows or cares about NTEK/NTGL? They made more money in the time it took me to type this with program trading then playing the short game here for a month.
This is why so many people lose money in penny world. Absurd logic and rose colored glasses make scam artists find easy prey. Like believing someone margined $4100 to short around $1.80 worth of a stock. Transaction fees were higher than the stock's value.
I remember many years back when I first got on here I reviewed the financials that I believe were done by DF back then and it stated that they were giving Clear Memories 5 figures a month for rent. (I think it was $16,000 but I'm not sure the exact number now), I made a big thing about it and then the next thing you know NTEK supposedly buys CM for an undisclosed amount. All the longs were rejoicing and spinning what a great thing it was even though it had nothing to do with what NTEK supposedly was involved in as a business. It was supposedly given back to JF years later, then again whether he paid for it or got it for $1 was also never disclosed. NTEK has been from inception a Foley money making scam nothing more in my opinion.
I've owned a business and granted my accountant is on the BOD of a major bank and is very good he and his firm was able to do audits of a rather complex nature in a timely manner. Any time audits are promised in pennyland and don't appear that should be a major red flag. All other numbers given should not be trusted under any conditions with a penny stock, period. The bottom line no matter how people want to spin it is the CEO said that they were done over 5 months ago and now saying his auditors misrepresented that to him. How absurd is that??! Especially if you read the actual promises over and over again of just about ready that has proven to be false. If this has happened one time with my accountant I would have gotten another one. The fact that this has happened numerous times is unbelievable especially as we are dealing with a pennystock. JMHO
Can you believe how naïve people are??!
"Today pretty much reassured me that no one is selling and people are willing to buy at a premium as much and quick as possible. I feel like something major is brewing with the last few days action. Any good verifiable news will start this engine which will be hard to stop. Gaining confidence again."
Really? $20 buy is reassuring?? No wonder this scam has lasted so long because so many are in absolute denial of reality.
According to the document on page 26 David Foley is declaring making $30K/month. Hmmmmmmmm