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WHEW! Some hefty bid whacks today in NTEK la la land.
1,833,494 whacks vs 993,713 slaps...add the misery of 14,000,000 shares of dilution within 3 weeks in August and it'll be time for NTEK to drop into the 4's soon.
No mention of Sadler Gibb whatsoever here:
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.
NTEK on the way to 4's ville, the back off the ask and slap ruse obviously didn't work so now it's back to good 'ol whacking the bid before it gets lower.
Ask slap after monitoring social media in 3...2...1...
Yep, DILUTION instead of a Stock Reduction:
NTEK SS update from TA
As of the close of business on 8/27/2014, the following is the outstanding information for:
NanoTech Entertainment, Inc
Authorized Shares 740,000,000
Total Shares Issued & Outstanding 603,746,094
Free Trading Shares Outstanding 555,418,523
Restricted Shares Outstanding 48,327,571
As of the close of business on 8/1/2014, the following is the outstanding information for:
NanoTech Entertainment, Inc
Authorized Shares 740,000,000
Total Shares Issued & Outstanding 589,346,094
Free Trading Shares Outstanding 550,418,523
Restricted Shares Outstanding 38,927,571
As of the close of business on 6/25/2014, the following is the outstanding information for:
NanoTech Entertainment, Inc
Authorized Shares 740,000,000
Total Shares Issued & Outstanding 589,346,094
Free Trading Shares Outstanding 542,793,523
Restricted Shares Outstanding 46,552,571
Wonder what forced Jeff Foley from posting his "buys" in July and August?
Didn't NTEK recently say to forget about the NP-1 and the revenue focus will be on Ultraflix?
1) fins have not been audited yet and we are all waiting to see if 2014 fins will be
2) NP-1 has not reached brick & mortar retailers and we are all patiently waiting for this
3) Ultraflix has not officially launched as a general internet accessible VOD service.
4) Animal testing in Canada has been stalled.
After Staples gets their 40% to 60% cut, Ingram gets their cut, shipping costs get factored in, the manufacturing cost per unit gets factored in, what is NTEK's net profit per unit on the NP-1?
The market knows better that's why NTEK is stuck in da 5's...
I heard NTEK is EVADING taxes in Nevada.
You can start with the Staples.com online store if you are Ingram Micro vendor. Ingram fulfills orders to the Internet store
O/S increased 14,000,000 shares in 3 weeks!!!
A/S almost maxed out!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105759866
Yep, and when the Tegra 4 pump chip was exposed for being worthless the focus changed to Ultraflix:
http://www.otcmarkets.com/stock/NTEK/news
Mmmmm looks like the Tegra 4 is at the bottom of the proverbial totem pole to me...
Nanotech does business only in the state of California
Really? What's this?:
http://corp.sec.state.ma.us/CorpWeb/CorpSearch/CorpSummary.aspx?FEIN=001122743&SEARCH_TYPE=1
Other than highly compress Ultraflix garbage, what content does the NP-1 stream?
Does the NP-1 stream native H265 content?
BIG FAT NO!!!
Ok so in other words there's no way to know if Samsung, Sony, ROKU, Apple, Netflix, Hulu OR ANY OTHER STREAMING COMPANY OR ELECTRONICS BILLIONAIRE will squash NTEK into 4K apple sauce? It's all up in the air. OK thanks.
Good point!!!!
BWWWWWWWWWWWWAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHA!!!!!
Only in N T E K la la land can .0574 be confused with .06...
NTEK still stuck in the 5's? Yes or No?
Porno already has its own well entrenched and established distributors...NTEK doesn't have a snowballs chance in hell.
Exactly, instead of yodeling Sony, Amazon, Akamai, etc., NTEK needs to focus on making a name for itself other than on a social media chat board.
LOL! Ask slapper right on schedule! Let's see those 270K shares make a profit or appreciate in value..monitoring social media and buying is easy, making a profit, mmmmmmm not so easy...
True, why dilute 14,000,000 shares in 3 weeks if NTEK is making money?
The BIG whack for another 300K shares?
Market is dumping the reality of dilution in NTEK la la land.
WOW! 260K share whack at the bid...that 14,000,000 share increase to the O/S since 8/1/14 means NTEK is diluting faster than the market is absorbing shares, right?
NTEK added avg of 4,666,666 shares per week for the past 3 weeks.
Look at all the pretty diluuuuuuuuuuuuuuuuution...
Hmmm, 4 PR's and 1 Shareholder Letter since August 7th:
http://www.otcmarkets.com/stock/NTEK/news
Yep, makes sense alright...
A/S ALMOST MAXED OUT!!!!!!!
(Only 136,253,906 left to go)
Since 8/1/2014:
O/S added 14,400,000 shares
Free Trading added 5,000,000 shares
Restricted O/S added 10,000,000 shares
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!
Thanks for the DD mud!!!!
Here ya go:
Fictitious Business Name
If you will conduct business under a name other than your full legal name, the legal name of a corporation, or any name that suggests additional owners ("Jane Smith and Company", etc.), you must file a Fictitious Business Name Statement with the County Clerk. Search the computer index at the County Clerk's office or the Office of the Treasurer & Tax Collector to be sure that the business name you have chosen is not already registered by another business or search online.
http://sftreasurer.org/business-registration#5
http://www.criis.com/cgi-bin/fbn_search.cgi?COUNTY=sanfrancisco&YEARSEGMENT=current&TAB=1
Straight from the San Francisco Treasurer and Tax Office's mouth:
Fictitious Business Name
If you will conduct business under a name other than your full legal name, the legal name of a corporation, or any name that suggests additional owners ("Jane Smith and Company", etc.), you must file a Fictitious Business Name Statement with the County Clerk. Search the computer index at the County Clerk's office or the Office of the Treasurer & Tax Collector to be sure that the business name you have chosen is not already registered by another business or search online.
http://sftreasurer.org/business-registration#5
http://www.criis.com/cgi-bin/fbn_search.cgi?COUNTY=sanfrancisco&YEARSEGMENT=current&TAB=1
Hmmm, I wonder what the penalty is for evading taxes in San Francisco County for a business remastering movies for $40K a pop?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97003305
No hits for the Business Names Nanotech or 4K in the ENTIRE county of San Francisco, right?
Yep, NTEK and 4K Studios is really big time in San Francisco County, right?
Um, the original thread said COUNTY, right?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105753258
Close at .0538, close at .055, close at .0565, no close over .057, right?
Mmmmm NOPE! San Francisco County Clerk's Office
Fictitious Business Names 415-554-4950
Is the "internal staff" auditing NTEK's books or is Sadler Gibb auditing NTEK's books?
"We have recently added internal staff who have begun the work needed for the preparation of audited financials moving forward."
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=10956
Mmmmm NOPE! San Francisco Clerk (For FBN documents) 415-554-4950.
Nothing current on record for 4K Studios or Nanotech Entertainment located at 321 7th Street San Francisco CA