Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Tomorrow is supposed to be the big day for NTEK. Back online with HDR and new content news etc. But we all know nothing really is going to happen and NTEK will remain silent and all offices closed. But the fan club will continue to conjecture and spin great news coming soon as they have for the last three years as the PPS continued to decline precipitously.
And yet people will supposedly pay more for this unknown brand then they would for the top-of-the-line IPhone, LG or Samsung. It can't even project in 720p so who is going to pay a premium for 1080p up-converted to 4K for a projector that cannot even project either resolution. Finally it's light source is 35 lumens whereas the average 25 watt bulb is anywhere between 200-300 lumens. How dim is this low quality feed going to be? On their fake website, Akyumen says can project up to 100 inches and has a crystal clear sharp picture behind it. This of course is impossible with their specifications and clearly delineates what a scam that company is as well.
Wow, the outerweb spin - app. not on Apple because they're updating it. What a joke! Anyone who has an Apple product knows how easy it is when there's an update and the company never deletes their app every time they have one. How absurd is that! Only at the fan club can such a ridiculous scenario actually warrant consideration.
Yeah, I believe accumulating hehehe. Sale price will be much much better soon. When absolutely nothing happens in Sept. and NTEK still silent can't wait to hear the new spin. Maybe can't wait for Nov., then Dec., then 2017. It's always can't wait something going to happen soon. All one has to do is check the posts here from any point in the last three years and will read the exact same BS -- buying cheapies, great times ahead but nothing ever materializes except coming soon and a declining PPS.
Yet NTEK's promised monthly SHL never shows up either not their interview with questions answered promised over a month ago, nor audit financials in a few days and a year later still nothing nor 25 cents by Christmas or I'll leave....
Outerweb still pumping UF as making a huge advance with the bogus Akyumen phone. Anyone doing rudimentary DD would learn that that company is a scam and has promised a phone for years and never delivered. What more it cannot even project a 720p image so how could it possibly help a supposed 4K service. But since there's literally nothing else to talk about they continue to pump this nonsense.
Don't you know they're touting their secret sauce. The best minds at billion dollar corporations can't do what NTEK can with a felon and ice sculpturer.
And that crap phone can currently only project 480p not even 720p. On their own site says shipping in Nov. but the pumpers keep saying Sept. My bet will never ship as they've been promising it for as many years as NTEK has been promising audited financials. What more it's more expensive than an iPhone or top of the line LG or Samsung but people are going to pay more for a company they never heard of with no track record and a projector that is only 30 lumens. What a joke. Feel sorry for the fools that got suckered buying last week.
An explanation of Finra's daily short volume.
(Courtesy of a post made by pantherj)
The daily short interest report from FINRA is as widely misinterpreted as any report ever put out. Yet, once a few basics are understood, it becomes very logical. The huge short volume seen in the daily reports are almost instantaneously covered; within a few milliseconds or a few hours at worst. The best explanation of this report, that I've ever seen, was posted by "Dave Patch" of "Investigatethesec.com."
Posted by: patchman Date: Wednesday, March 03, 2010 6:31:31 PM
In reply to: fourkids_9pets who wrote msg# 648 Post # of 951
Short Sale Volume Reporting’s are deceiving.
I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.
I was first directed to the Notice to Members memo dated 9/29/2009
www.finra.org/Industry/Regulation/Notices/2009/P120045
The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.
Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.
So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker.
Yup, end of day last 15 seconds $31 paint. New bag holders created this week. They too can join the ranks of the 90% down club soon enough sadly. Meanwhile BS spins and excuses and blame the shorts and MM explanations on the outerweb.
Revenues are not real this scam penny stock is unaudited. Not to forget they have promised audits at every shareholder's meeting for years and even stated coming in a few days for their now closed subsidiary and after a year of a few days never happened. What ever happened to the promised interview a month ago to happen that week then silence. Even Investor Relations is reported gone. All the top management has jumped ship. So who is left just two Foleys many all positions. Yup this is truly a scam. And what are people on the outerweb waiting for? Yup the presently incarcerated majority shareholder and founder for fraud to get out of jail. That make perfect sense in this unaudited scam to look forward to a felon's release to save the day. The same felon set up a shell corp. issued close to a billion in shares of NTEK and at the same time your supposed factual (unaudited) financials stated the same as an unaffiliated investor. Yeah this is for real. Just keep hoping naïve investors come on and eventually join the 90% club (down over 90%) of which NTEK currently has quite a few as verified on the outerweb fan club.
Maybe, word is, could happen, heard that, all common terms in scam pennystock pumps. The pumpers surprised that the last garbage pump actually caused a positive swing in the PPS and are now making up any spin/lie to maintain it. Fact is no question this is going to head down much lower than the previous low in the near future. This stock has so many red flags it competes with China. That being said any pennystock which pumpers actually purports the daily short report to be real is in and by itself a huge red flag.
After two years highly unlikely, not to forget their is currently no office or employees in NTGL. Simply a zombie penny stock symbol. Another scam like its parent NTEK.
The real world in Pennyland is quite different from the false spins to fool naïve investors into buying scams like NTEK.
Here's an explanation of what the daily short volume is and why it has little meaning but the spinners will continue to post the daily report nonetheless.
An explanation of Finra's daily short volume.
(Courtesy of a post made by pantherj)
The daily short interest report from FINRA is as widely misinterpreted as any report ever put out. Yet, once a few basics are understood, it becomes very logical. The huge short volume seen in the daily reports are almost instantaneously covered; within a few milliseconds or a few hours at worst. The best explanation of this report, that I've ever seen, was posted by "Dave Patch" of "Investigatethesec.com."
Posted by: patchman Date: Wednesday, March 03, 2010 6:31:31 PM
In reply to: fourkids_9pets who wrote msg# 648 Post # of 951
Short Sale Volume Reporting’s are deceiving.
I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.
I was first directed to the Notice to Members memo dated 9/29/2009
www.finra.org/Industry/Regulation/Notices/2009/P120045
The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.
Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.
So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker.
Yeah, after JF the Ice Sculpting brother and current CEO (because founder is in prison for fraud) gets a college education which is never. NTEK=NTGL=SCAM
The daily short report has been proven time and time again to be of little value. It is the biweekly report from FINRA that is accurate and that shows a very very small fraction of what is reported daily here. Secondly anyone going to the Akyumen site can read that it is supposed to come out in Nov. not Sept. It will probably have further delays or never come out as it has even promised for years. Finally from their very own site that projector phone cannot even project a 720p image and is only 35 lumens. The average 25 watt bulb is 200-300 lumens. So it a joke even before shipped if it ever does. How is a phone that cannot even project 2K going to help UF. Yet more spins to trap new shareholders in penny land with this scam.
That's was not the question. Was all the Paramount film source from 2K media and UF just up-converted them to 4K? Yes or no.
Is it from a 4K source or 2K that they just up-convert to 4K?
Really?? Worldwide interest??! That's a stretch, or pump or spin. The area grocery store has way more visits than that site.
Anyone home at NTEK headquarters yet?? I bet JF is at Clear Memories, he probably could be reached there. Has NTEK ever spent any money on advertising for UF or for the NP-1? Nope. Only pays to pump and dump PR firms. Why's that?? This is what scam penny stocks do.
Isn't true that all the Paramount films were given to NTEK in 2K and NTEK just up-converted then to 4K.
Only thing of merit is the safe harbor warning in that PR.
New flippers on board hoping to fool the naive lazy investor that don't do their DD. Founder and majority shareholder currently in prison for fraud, his brother with no experience other than being an Ice Sculpturer (fact) currently in charge. Virtually their entire library and all films from Paramount are not from 4K source but from 2K which they upconverted to 4K which generally all 4K smart TVs, receivers, bluray players do automatically for free but they are happy to charge people for a free service. Only in penny land can such a business model seem possible. Oh, did I forget before going to prison founder set up a bogus Corp., and funneled hundreds of millions of shares into it and quickly sold making millions while behind bars. Yup, great business if you're a con man, otherwise majority of longs have joined the 90% club (being down greater than 90% on investment) and are stuck as yet another group of bag holders in a penny land scam.
What short squeeze?? No doubt this will be back in low 2s early next week and down further therafter
Some on the outerweb have questioned about NTEK not ever marketing their product but that's not entirely true, in fact they have spent tens of thousands to various PR pump firms to get shareholder interest. You see that what stock selling scams like NTEK do. Absolutely nothing spent on real marketing, advertising etc., just on PR pumps to sell stock.
Can't wait for the bogus short report from Alan.
The amount of denial on the outerweb is fascinating. They even have a 90% club for people who are down 90% or more. No matter what happens or doesn't there's always some rationale to justify it and spin a positive take on it. Now no news as promised is good news because they're saving it up for a Sept. surprise. I guess they've already forgot how the news was going to happen immediately after the R/S and then when the 'D' was dropped. Even saying it doesn't make sense to be in business to sell shares. Hello!!! We're in pennyland and that is the modus operandi here. Make up a good story, dilute, sell shares R/S and repeat. Have these people even done their DD about pennystocks before investing??
What do you expect from someone who never went to college and ended up as an Ice Sculpturer. His brother saved his ass by giving him sinecure job at this scam.
Always disconcerting when the moderators are pumpers and consequently do not allow honest opinions just cheerleading. Personally they should blame the obvious pumpers like daily short reporter for their losses as well.
Yeah, as I stated before a $750-$950 phone no one has ever heard of. I love the projection on their website in a fully lit room (saying up to 100 inches). Anyone with half a brain would realize that 35 lumens is super dim a 25 watt bulb is 200-300 lumens. Can you imagine how dim a picture would be even at 50 inches? The room would have to be pitch black as well. But all that is a moot point because it doesn't and can't project a 4K image so what's the point of it helping a supposed 4K service? Finally the site says shipping November 5th. if it ever ships. So how is this great news for UF?
Yeah, a $750-$950 phone no one has ever heard of. I love the projection on their website in a fully lit room (saying up to 100 inches). Anyone with half a brain would realize that 35 lumens is super dim a 25 watt bulb is 200-300 lumens. Can you imagine how dim a picture would be even at 50 inches? The room would have to be pitch black as well. But all that is a moot point because it doesn't and can't project a 4K image so what's the point of it helping a supposed 4K service? Finally the site says shipping November 5th. if it ever ships.
The only thing of merit with that PR is the safe harbor warning. Vast majority of longs sorry they ever got on board and most down 90+%. Down over 50% since recent R/S and still no news about interview promised three weeks ago. This is really a POS.
Appears that some on the outerweb are finally catching on that NTEK leadership is not going to come through with their multiple promises. Others still living in a dream world and will make up countless excuses to justify silence. There are no shortages of dilutions scams with supposed great products and deals with big companies that never come to fruition in penny land but the principals make millions along the way as the sheep willingly walk into the slaughterhouse.
I think the first sticky above gives a true assessment of the reliability of Steve and about this scam in general. There's no shortage of great things coming soon and what a great product we have in the land of the pinky scams. Meanwhile the only thing really happening is dilution and insiders laughing to the bank even if it is a foreign one.
Sadly only thing happening is silence from NTEK and a declining PPS. No interview, no audits, no shareholder's meeting, no NTGL shares. Just the usual NTEK Crickets.
Speaking of which what ever happened to the UF gift cards to be handed out with each 4K set sold at BB promised by NTEK over a year ago?
The joke is people already forgot the promised live interview to be conducted the following week three weeks back. Not to forget the audits in a few days promised in a shareholder letter 1 year ago that never happened. But all is forgotten because things are going to change once the 'D' comes off, and when nothing happens and not a peep from NTEK the spin will be in Sept. when the Akyumen phone comes out. But let's forget that it only projects in 480p and not even 720p both of which is not even close to 4K but people are going to pay extra to play up-converted 4K on it??!! Then when that is a non-event let's wait until David Foley gets out of prison even though he's the one who diluted the hell out of the stock via the Royal Capital Group which he owns. Sad, very sad.
Yeah, like GoldmanSach really cares about NTEK. They make more money program trading in a day than all the Foley's did since NTEK's inception. Nobody cares about NTEK and the spin of shorts and naked shorts is the usual game played in the pennyworld to shift blame from the reality of being a scam to a make believe entity. Meanwhile dilution is non-stop and management promises missed again and again.
Wasn't there supposed to be a promised interview this week with Jeff Foley?
Can you imagine they're still pumping the Akyumen phone as a major play for UF. How is that even possible. Realistically currently it only projects a 480p image. Not even 720p. Just standard HD is 1080p which it cannot and never be capable of doing. The best it can do and they state by an update is 720p whenever that happens. Add to the above that it projects only a 35 lumen image. A 25 watt bulb is around 300 lumens. How dim is this low definition projection going to be. So a reasonable question is how can this possibly help a so-called 4K service? Just misdirection and spin to fool the bag holders and naive investors with this scam.