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Yup people margined a quarter million dollars to short $1000 worth of stock. Makes perfect sense if you have an IQ of a tapeworm.
That logic can be said for virtually any stock. People buy and sell stock every day. That has nothing to do with the fact that this stock is clearly a penny stock scam. The founder just released from prison and giving his wife 30 million shares a few months back while he was still sitting in jail and she has nothing to do with NTEK. Let's not forget that he set up a shell company right before going to prison and literally gave himself a billion shares while sitting in his cell and not even working for the company. He had his brother run the company. Of course his brother's previous working experience was that of an Ice Sculpturer. Only in the penny stock world can such absurdity be considered legitimate.
Too funny. Their product is not even certified 4K. Just 2K upconverted to 4K. All their films from Paramount were given to them in 2K. Most smart TVs automatically upconvert 2K to 4K for free. Why pay for something you get for free unless you're selling a scam like this dilution play. Virtually all longs that bought at any time in the last 3years are down greater than 90%. Meanwhile he founder and family made tens of millions by selling over a billion shares. He recently gave his wife 30 million shares while he was in prison and she doesn't even work for the company. What a scam this non- reporting, unaudited penny stock is.
Hmmm, I thought it was supposed to be 3 cents several weeks back. Guess that didn't pan out. Nobody knows or cares about this upconverted 2K to 4K scam but bagholding investors down well over 90%. With admitted felon founder just out of prison this penny stock is surely a joke.
Two years ago people purporting huge sales and I said this was a scam. I even explained the obvious red flags but was told I was wrong or what I usually get 'if you think this is a scam then why are you here why don't you leave'. This is the usual diatribe I get from scammers or longs holding the bag hoping to dump onto unsuspecting new naive investors and don't want them warned. Well all who held are down significantly and let me tell you there's no shortage of similar scams in the pinks. The vast majority sadly are set up by conmen diluting millions of shares they give themselves for free and have easy access to print as much as they want.
Yup, like I said a year ago this is a scam and now look at the PPS. Amazing there are still some people who still don't get it.
What happened to its going to 3cents this week?? Virtually all who have bought this scam at any point over the last three years are down significantly. Only the Foley's have made money to the tune of tens of millions. Even Foley's wife who doesn't even work for NTEK recently got 30 million shares for just being a housewife. Funny how her husband was still in jail when she got these free shares for nothing. Yet another penny stock scam.
I saw that too. What did you expect from this dilution scam. I wonder what the longs think of Foley giving his wife 30 million shares while he sat in prison for doing absolutely nothing. Not even employed by NTEK. This is such an obvious scam that those wearing boots and stuck will say anything to try to recoup even a smidgen of their loses.
Got to love the last three second $12 paint to make it a green day. Commission cost were a large percentage of that sale. What a scam this is. Anyone buying now is clearly a foolish rank amateur.
Yup, someone margined close to half a million dollars to short around $900 worth of stock. Makes perfect sense if you're a complete idiot.
IMO that logic is why most longs are down well over 95% here with this scam. Expect end of day paint though.
Only higher prices seen will be at the end of the day. The usual paint with small real dollar amounts just to keep losing longs appeased.
Can't wait for the end-of-day paint to appease lost longs and fool potential naive new investors. Meanwhile founder in halfway house after just being released from prison for multiple fraud convictions. This of course didn't stop him of recently giving 30 million shares to wife for well nothing but being a Foley. That along with the millions he made printing shares for himself not bad for a penny scam.
Yup the usual end of day paint for this scam. Red by far most of the day then the last few minutes a $300 paint to appease losing investors, most down well over 95% from their entry. No audits, no employees except family members of recently released from prison owner. This company is a penny stock joke but the founder and family made well over $20 million giving themselves free shares. B.T. Barnum would love the pinks sheet scams.
While most shareholders are down well over 95% on their NTEK investment. The Foley family have made tens of millions of dollars off of this penny stock scam. The founder made more money than the rest of the shareholders combined while he was serving time in prison utilizing his shell company he started just before being incarcerated to distribute hundreds of millions of shares to himself. Meanwhile in every financial statement from NTEK they state it as a non-affiliated/unassociated investor when in fact it's the owner. That alone is a huge red flag for this penny scam. Meanwhile the outerweb spinning any news in the hopes of fooling new investors into this scam. On top of it all while still in prison the founder's wife who doesn't even work for NTEK given close to 30 million shares in the last few months while the PPS continues it decline. Of course nothing to be found on the outerweb of these fact because said posts are quickly deleted. Especially the ones that mention the millions of dollars of recent judgements against NTEK. A Foley relative is one of the moderators on the outerweb so real facts are quickly deleted.
In two days the Paramount deal expires and their fake 4K content (actual 2K that they upconverted to 4K none from 4K source) disappears. Can't wait to read the spins of other content providers coming soon just like the audited financials that are always just being finished yet year after year never materialized. Only thing happened is that the founder and family issued themselves well over $20 million worth of stock which they quickly sold to naive investors in this penny stock scam.
Yeah thanks for the bogus absolutely worthless numbers. Anything to keep this scam afloat.
How absurd. A non reporting penny stock where the founder recently got out of prison for multiple fraud counts, who recently issued his family 30 million shares while still in prison not to mention the over billion shares he gave himself through his shell corp which he created just before going to jail. And this is a great opportunity? Let's not forget that every film from Paramount was rented in 2K and NTEK just upconverted it like every smart TV does automatically for free. And this is a great opportunity? Also all the rental films currently on UF from Paramount expire the end of the month so they will be gone. And this is a great opportunity? Also multiple lawsuits with judgements against NTEK have come to fruition. And this is a great opportunity?
I beg to differ. NTEK = SCAM.
How's that plan been working for the past 3 years? So far NTEK down well over 95% during that period. Virtually every long has lost money at every buy-in point except the Foleys who get free shares. Reading this board at any month for the last 3 years will find how the shorts are scared and big news ahead but in reality its like the audited financials promised again and again even a Shareholder's letter stating almost finished and will be released in a few days; yet here we are over a year later and still no audits, just pipe dreams.
Foley making some Christmas money on the backs of investors with massive dump.
No office, no employees, no sales ever. Yup a scam just like it's unaudited parent NTEK.
If the past is any indication of the future one should expect DF to come out with a great things coming letter emphasizing new deals, audits, and partners just like the empty NP-1 promises, google tweet and yearly audits soon for the past 3-4 years that never occurred. What has occurred is that the Foley family made over 20 million dollars while investors have lost their shirt. But some people are just pathological and even with psychological counseling mandatory or not personality disorders where there is little remorse/empathy where lies come freely, readily and easily there is no cure. For them there is nothing wrong with what they do as they do not have the capacity to realize their failings and for them this is normal behavior. JMO
Must say got a good laugh looking at the Akyumen site. It is completely bogus. 1)No one has ever heard of this phone. 2)Costs more than premium phones from Apple, LG and Samsung. 3)Been on pre-order for what a year now, has anyone ever seen an actual device? 4)It cannot project in 4K so how does that help a supposed 4K media company? 5) Look at the picture in the ad of it projecting on a large screen in a home and at an office. Both rooms are well lit and you see a bright large picture coming from this device. How is it even possible to do that with a maximum of 35 lumens projection? A 25 watt light bulb has nearly 10 times the brightness of that. It is absolutely impossible for it to create that picture period. 6)Several months back the CEO of Akyumen sent a picture of him projecting an image beneath the regular small screen that his airline seat has, it was a very small image yet even then very dim and the 480p screen on the airline seat was significantly brighter and clearer. Akyumen and NTEK but scams.
Ultraflix has no HDR content period and their 4K is just upconverted from a 2K source, fact! What more there is absolutely no share buyback. Even in their own fake financials they have little cash, and they have lost 2 recent rulings and owe significant money in these. Only way the PPS going up is with another R/S.
Still giving the Foley's tens of millions of free shares even while the owner of Royal Cap. is in prison. Unbelievable that they still state on their latest unaudited financials that it is an unassociated an unaffiliated investor when in fact it is the founder of NTEK that owns Royal Cap. What an obvious scam this is and for people to be completely oblivious to this fact is incredible.
End of day last 12 second paint to appease disgruntled longs. Meanwhile stock can't even break three cents no matter what paid pump or bogus spin. Soon will end and longs should take a look at management and those who have repeatedly pumped this scam daily on the outerweb knowing the truth but self-serving their own agenda.
Too bad the majority of longs here are way down over 90%. The buy low sell high mantra can be used for virtually any stock and has little meaning here. This scam is ending soon there are virtually thousands of other equities that would clearly perform better than this terminal scam.
Can't wait to see the short report on 10 shares.
No worry, there will inevitably be a spin as if a good thing and super secret content provider stepping in soon with HDR content. All BS of course but so many on the outerweb up to their eyeballs believing such BS for years why not sell them more shares of this scam.
I remember how all the longs were rejoicing after that SHL. Shorts should be worried. Of course the opposite occurred and they lost their shirts and are now bag-holders down well over 95%. In the interim the Foleys made tens of millions and family members still writing spins on the outerweb to fool existing and new naïve shareholders into buying more of this scam.
Still the outerweb fantasy spin persists to think the Akyumen phone nowhere to be found here with no providers on board (ATT, etc.), that cannot project in 1080p and has the light power around a tenth of a 25 watt bulb, (dim, undetailed image) is going to be the savior of NTEK. How is that possibly going to impact a supposed 4K media provider. Answer is obvious but the spins and pipe-dreams will continue to fool investors into holding or buying into this obvious scam.
Some on the outerweb finally beginning to realize something very remiss at NTEK. But even though the writing is clearly written on the wall still hoping that they're reading it wrong. Paid for 900 movies which expire next month and still hundreds not even uplisted to their site; not a one for 6 months. Silence from management even though they promised transparency and monthly SH updates the beginning of the year. Hoping that a convicted felon who literally made tens of millions off this scam with his shell corp. Royal Capital that in their own financial statements stated that it was an unassociated and unaffiliated investor when in fact it was the founder giving himself hundreds of millions of shares even while in prison. NTEK's PPS went down 80% before he was put in jail under his guidance. But now he's going to be its savior? Insiders still spinning anything to keep sheep holding and buying. I feel sorry for so many that lost but let this be a lesson, the vast majority of penny stocks are scams and never fall in love with any stock. Lastly unaudited penny stocks that promise audits but never deliver year after year are clearly scams.
Guaranteed Christmas will come and go with nothing happening at NTEK except declining PPS and the outerweb spinners will just move the bar and promise great things ahead first quarter, then second quarter, etc., if not bankrupt before then. Just go back and read posts for the last three years exactly the same promises with the inevitable disappointments. Wash, rinse, repeat. Meanwhile SH value down well over 95% during this time and bag holders still praying for a pipe dream.
Which street is that, skid row?
Reading the constant distortions and spins on the internet from bag-holders and insiders are fascinating. Latest is its OK for David Foley to have made millions (probably well over $20M) because of his hard work. He's putting more time in his jail chores than he ever did with NTEK. What more, stating that NTEK has 50 employees is just hilarious. Anything to get naive newcomers on board. Still silent on the recent massive legal judgements against NTEK. NTEK is a penny stock scam plain and simple.
Correct to say that it's a pipe dream because that's exactly what it is. This is simply a scam a stock selling unaudited penny scam. Bag-holders and insiders will do their upmost to spin anything in a positive light but the bottom line is it's a scam. Next month their lease of the Paramount films end and ironically they never even got around to up-loading all the films to their site. What's up with that? The outerweb trying to spin a projector phone as UF savior hoping that naive investors don't do a little DD to realize that it cannot project even HD no less 4K and can only project roughly a small fraction of the lumens a 25 watt bulb does. Simply a washed out undetailed image and that's going to save UF. Next up a convicted felon that has robbed shareholders of millions of dollars is going to return and this time make a difference when he was controlling before the share price fell precipitously. No end to the outerweb lies and distortions but notice nothing mentioned of their recent legal loss of close to $2 million in judgement. Wow you would think that fact has merit but only allowed positive posts there with fantasy plays and back slapping.
Well at least that explains why they haven't uploaded any films for 6 months even though their agreement ends with Paramount shortly. So essentially, hundreds of films that they leased they never got around to upload and now all will be gone soon.
What a scam this is and no doubt there will be endless spins to fool potential investors before the doors closed permanently.
Got to love the outerweb spins. Being in jail for felony conviction is considered a sabbatical. Being just an app. one of hundreds even thousands is considered a major event even though no one knows of UF except investors on a penny stock board. No new downloads of films for six months even though they have an agreement ending next month with hundreds of films still not even up-loaded is a great business strategy. Stock selling un-audited penny scam.
Wait, correct me if I'm wrong but didn't NTEK lease hundreds of more films that they haven't even upload yet to their site and they only have one month left on that agreement? Haven't uploaded one film in over half a year. How idiotic is that?! What a scam.
The whole day sells, we need those EOD paint about now. What a scam this unaudited penny is.