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No employees, product, or business license. NTGL doesn't even exist as a company, its just zombie stock ticker waiting to be halted.
They aren't even trying at this point. Sad for anyone who bought this scam as well as the parent company scam NTEK now down 98% and headed for a 25.1 for 1 reverse split.
As long as you're clear on the fact the A/S does NOT get reduced with a reverse split, only the O/S is reduced.
$2 is a lot to spare when you have all your money tied up in a blatant penny scam like ntek.
For every 25 shares of NTEK currently held, Foley will give you 1 shiny new post R/S share that will be diluted down in value by 90% in a couple of months.
With a reverse stock split only the O/S is reduced but the A/S stays the same unless the company specifically reduces the A/S. No A/S reduction happens with the reverse split, opening the door for more dilution of Post R/S shares.
When it comes to penny stock scamming Jeffy is still a young grasshopper while Davey is the Master.
Jeff probably got the correct information from Master Dave through his bi-weekly Taft CI visits.
Massive dilution straight into Foley Capital Group coffers once this R/S hits, OS will be 80 milion and the A/S 2 billion still?
R/S soon followed by endless dumping to satisfy foley capital group which must be kept happy with a steady supply of new shares to sell.
Is there's some actual proof of a "naked short attack" on ntek? The FINRA numbers that get posted are meaningless.
What you can certainly prove is that NTEK has increased the A/S count three times in the past 1.5 years.
From the investor relations page which is pathetically out of date now. https://ntek.com/investor.php
Share Structure
Market Value $30,299,734 a/o Dec 26, 2014
Shares Outstanding 724,874,022 a/o Dec 26, 2014
Free Trading Shares 652,918,523 a/o Dec 26, 2014
Restricted Shares 71,955,499 a/o Dec 26, 2014
Authorized Shares 740,000,000 a/o Dec 26, 2014
Shareholders of Record 107 a/o Dec 26, 2014
740 million authorized shares at the end of 2014, here we are mid 2016 with 2 + billion shares authorized. Shorts do that? Insider dilution/enrichment looks like the more likely scenario. There's been an avalanche of new ntek shares flooding the market over the past year and a half.
Maybe NTEK is on a four day work week to cut expenses?
You know sort of how Venezuela has 2-4 day work weeks to save on electricity.
Paramount movies won't be there forever, it was a million bucks to paramount for a year of streaming rights I believe? So those movies will be going away very very soon unless nano comes up with another million bucks cash which looks very very unlikely considered their cash position is pathetic and they're bleeding money (according to the financials).
Someone who "knows what they own" can surely correct me.
No significant short interest in NTEK.
It's laughable to keep placing blame for the abysmal PPS on "shorts"
The company has increased the A/S 300% (close to 1.5 billion shares!) added to the float in about a year and a half. The massive amount of dilution crushed the share price, you can't just print up and dump hundreds of millions of new shares onto the market and expect the stock price not to tank.
Blame the insiders (royal capital group, aka dave foley) who made millions of dollars dumping freshly minted shares onto common stockholders.
Ultraflix Fake Reviews
Ultraflix Fake Reviews
NTEK latest pump and dump looks to be over!
After every pump the past 2 years the stock has retreated from its gains and made a new 52 week low, this will be no different.
Royal Capital Group has plenty of ntek shares to sell in June.
Ultraflix Fake Reviews
I guess Foley Capital Group needs at least another 250 million new NTEK shares funneled into its coffer to get surround sound working on Ultraflix.
Ultraflix Reviews
Royal Capital Group is dumping endless NTEK shares into the market, flooding ntek longs with new stock.
NTEK has tripled their A/S count in under 1.5 years.
From Dec 2014 https://ntek.com/investor.php
They don't even bother to update this investor relations page, I guess with the rate of dilution they would need to update it every other day.
220 million fresh NTEK shares at this PPS won't nearly be enough to satisfy foley capital group.
I'd expect another A/S raise next month, if they don't R/S.
1.5 million apps on the apple app store, 1.3 million apps on google play, 350,000 + apps on amazon.
Do you think apple and google is working with every person/company that uploads an app to their service? Nope. However these "partnerships" are a great story to spin for pennyinvestors.
NTEK pulls the apple outa the hat every couple months to hopefully bring in more buyers of the dilution.
Nobody is going to pay money to watch nanos "4k" on an iphone/ipod, it kind of defeats the whole point of 4k.
1.5 million apps on the apple store.
NTEKs app is one of 1.5 million apps out there, how are people going to know it exists when they don't advertise the service anywhere.
Apple lets just about anyone upload an app to the apple store, btw.
The fresh 220 mil A/S raise pushing this to a new 52wk low. Non stop dilution over the past 2 + years.
R/S coming after 220 million shares from the latest A/S raise are diluted.
Nano appears to be broke with a million + owed to convertible debt holder royal foley capital group.
Foley Capital Group still getting shares.
At the 2013 SHM David Foley said he thought NTEK was going to a buck. Here it is today at 1/3rd of a penny. I wonder how many shares dave sold?
That SHM was on youtube for a little while but eventually pulled down because it was full of lies and inconsistencies.
Are the 2013, 2014, or 2015 NTEK SHM available to watch? Nope! The self proclaimed leader in streaming couldn't stream their latest SHM, and definitely no recordings out there for the public to view.
Still waiting for the NTEK audits, coming "soon" 3 years in the making now. There's a reason this company went dark after the SEC starting asking too many questions.
An auditing company wouldn't even touch NTEKs financials with a 10 foot pole.
Why add with 200 million freshly printed ntek shares hitting the market? Cheaper cheapies on the way, as usual.
Foley is going to dilute another 200 mil shares, cause they need the money, badly. Then he will R/S the stock OR just increase the A/S again.
The stock is being pulled down by never ending dilution.
Royal Capital Group is having a field day.
Foley dilution is ramping up with the latest 200 mil A/S increase.
For all intents and purposes Jeff Foley is CEO of NTEK, he's signing off on the never to be audited fins and is writing up the shareholder letters. More then likely following Dave Foleys directions through his weekend visits to Taft CI.
The CEO before him Peter Riordan got out real quick once he realized this gig might land him in prison one day. Thankfully for Pete, he never signed the financials.
NTEK is set to have some random 40 + million volume days where its down -25%. Jeffy needs shareholders to pay the bills with the latest a/s raise, and dilution is the name of the game.
Foleys solution to investors asking about their NTGL shares: Make the company and stock so worthless and crappy that nobody even wants their "free divvy shares" anymore.
What would be the point of that?
NTEK ran 30,000% + from triple zeros to 0.175 based off a mountain of NP-1 lies and corrupt stock promoters. Only then to crash down 99% from the top to 0.002. The majority of that shareholder money was funneled into front company(s) set up by the imprisoned founder (who is also the convertible debt holder) via a flood of dilution (Royal Capital Group). Now, NTEK is being run by said founders brother with many longstanding employees leaving the company. The A/S was just raised another 220 million and they are still planning for a major R/S. NTEK can be suspended any day now, and if not, eventually there will be post-R/S dilution to finish taking whatever shareholder money has been left on the table and to further enrich the Foley family.
Just The Facts.
They need a change.org petition to stop Jeffy from doing the R/S.
Omnivance is hard at work IMO, NTEK is all about working the social media to get bag holders to keep holding and averaging down.
NTEK wants to R/S after they dilute another 200 million shares from the latest A/S raise. Then they will dilute post R/S, to settle up Dave Foley's convertible debt where he used his home to secure the loan he gave to NTEK (according to Dan Wong IR).
NTEK seems to be bleeding cash non stop with the rate of dilution over the past 2 years.