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Got to love the manipulation. Spend $35 at the open to buy shares way over ask just to get the PPS up hoping fools will buy into this.
So let's get this straight they do a reverse split which by definition would reduce the A/S by 25.1 but in fact they actually increased whereby it should have been around 80 million after the R/S and now it's 500,000,000 effectively changing it pre-split to 13 billion but they're plugging it as a reduction of 75% and they fooled the outerweb.
Whole purpose in the penny world is to get a large position but notice these multiple small buys that do nothing for assuming a real position but done just to increase the PPS artificially. Nevertheless still down considerably from post R/S.
Then the fake small buys over ask to try to get PPS up.
Have to laugh, all the red selling and then out of the blue $80 buy above the ask to bring the PPS up just to appease growing dissension among longs.
Has NTEK ever advertised their product anywhere? Nope. Only people who are aware of UF are bag-holding investors certainly not Best Buy or Sam's Club at Costco. The same handful of pumpers spinning everything to look grand yet the PPS still sinking and many investors are catching on they're screwed especially when they tacked on the massive increase in A/S with the R/S and still not a peep out of management. Last week it was promised on the outerweb that there was going to be a SHL this week, well the weeks over and it never came. Sad to watch people's livelihood washed away by a scam penny stock.
Wow for less than a second which most people wouldn't even notice on a set for people who do not have the coin for a true 4K HDR set like Sony, Samsung, LG, Vizio, et al., but then they're going to spend money on up converted 2K media that their set, bluray player or AV receiver does automatically for free. Makes perfect sense if you're trying to fool people into believing that this unaudited penny scam which recently R/S and raised their A/S to a pre-split roughly 13 billion is going anywhere. Meanwhile the founder and majority shareholder is in prison and his brother with no prior tech. experience is now running. Yup makes perfect sense.
Have to love how they try to inflate the PPS by purchasing 1 and 3 shares at above the ask whereas the brokerage fees are significantly greater than the actual transaction. I expect the same EOD then all weekend gloating how great NTEK is and can't deny with the increasing PPS but it's all artificial and by far greater dumps. Absolutely amazing how the sheep haven't even complained about the massive increase (12.5 billion pre-split) in A/S. How they complained when it was increased 400 million until that was spun as a good thing but oblivious now. I think many realize they've been screwed but are not posting.
Damage control on full swing in outerweb Now pumping Al Stone being on board of directors. I guess they forgot how he said last year in a SHL there would be no increase in A/S and then within too months massively increase it. The A/S has increased roughly 13.5 billion since that announcement. But the sheep will follow any bogus news as if a revelation.
Fascinating how they dilute then buy $5 worth way above the ask to bring the PPS up. Who buys $5 worth of stock were their brokerage fees are the same or more than the transaction. Just trying to manipulate the stock but the game is over and we know who lost.
Latest laughable spin to calm down longs about the massive increase in A/S that was slipped in with the R/S and NTEK was to prevent a hostile takeover because 3 companies have an interest in NTEK. I guess they forgot the super voting preferred which completely overrides all commons which is why they could do a R/S and increase in A/S to roughly 13 billion shares without sending out any proxies but some fools will buy this ludicrous explanation.
Here's another funny one with regards to the increase in A/S of 13 billion.
"It does seem a little high to me but its why and how much they dilute that counts. They could set the A/S real low and then just vote in a raise to it any time they want anyway."
Seem a little high 13 billion???!
Then the spin they could raise it any time anyway.
How absurd is that. This logic isn't even sophomoric.
Fasinating to read the spins and damage control on the outerweb. How one shouldn't listen to negative stuff about the company. Sadly many fools will blindly follow. At this point so many are down so significantly that they have little else they can do all is lost. Imagine if NTEK increased the A/S to roughly 13 billion a month ago yet now it's fine along with a R/S. Simply amazing. PT Barnum knew his stuff.
Reading on the outerweb it shows that the new A/S is 499,000,000. They're spinning it as if it was reduced to this but with a 25.1:1 R/S shouldn't it be roughly 84,000,000? So if this is true the A/S was markedly increased and now massive dilution will return.
Yup as I predicted an eod paint. Notice the first paint for $8 over the ask. Who buys $8 worth of stock whereas their commission represents a significant part of the entire transaction. But the outerweb is in denial. They're still blaming shorts even today for the precipitous drop in PPS during the day as if they have shares to sell. Only NTEK has the newly minted junk shares. Why would hedge funds be worried about shorty some no-name penny stock spend the entire day to make a few dollars. The whole premise is ludicrous but the fan club believes anything to pacify their real insecurity of realizing their huge error in believing NTEK to be an investment.
Let's see if someone tries to paint it green the last minute of trading with a small token buy above the ask.
Should be interesting today to see what happens with the PPS. Couldn't even get people to buy out of a third of a penny. Who would buy at 7? Expect JF to post BS nonsense and empty promises to fool naive investors and string along current bag-holders.
Kinda strange 25.1. It really does nothing to get uplisted because afterwards at the current PPS it becomes 7.5 cents. Current SH get screwed as the PPS will most certainly decline and many are already down over 90%. Did they leave the A/S the same amount post R/S thus getting simultaneously a R/S and an increase in A/S to immediately dilute? Currently SH cannot even sell their shares for several weeks with the new ticker but they will get brokerage fees because of the symbol change. How screwed up is that, but I'm sure the outerweb fan club will think of some way to spin this as a great event. Apple would only buy after the R/S hehehehe.
The cat is out of the hat. Either an insider or working for Omnivance to pump this scam either way failed as today's PPS proves.
Has the A/S been raised yet again?
Hard to find anything so have to resort to article written 3 months back but that's OK the pumpers will make it seem like new and praise it's posting. Anything to pump this scam.
But they're going to save NTEK!! People are going to buy a phone from a company no one has ever heard of with no track record for more money than the top of the line Apple, LG and Samsung phone. With a projector that only project 35 lumens ( a 25 watt bulb is at least 300) that currently only project 480p but after a reported update will do 720p a far cry from regular HD 1080p. But people will want to spend extra seeing a dim picture on a standard definition screen. Makes perfect sense in the world of denial.
The absurdity of that is so laughable. No one buys an unaudited company especially one owned by a convicted felon currently is prison. What more NTEK has no track record of anything positive just empty promises. Their entire Paramount library is leased and that will be ending in a few months and they have no money to renew it. Let's not forget that the premise of being a 4K media service is a major lie because all their films from Paramount were from a 2K source NOT 4K and they just up convert them like most 4K TVs, bluRay players and receivers do automatically for free. There is a reason this stock is down well over 95% over the years and why it sells for a fraction of a penny. It's simply another penny stock scam where only the principles have made money all others bag-holders.
Word of mouth is the best advertisement??? No wonder no one has heard of NTEK except bag holding investors. Even the sales people at BestBuy didn't even know of UF until I told them because there has never been an advertising campaign. I did add that is was a share selling unaudited penny stock scam just to set the record straight.
Interesting that the last two days out of the blue there were two buys at the ask over a million which one rarely sees here always small buys and large dumps. I thought something was going on and now we get another pump posted here and on the outerweb. Then again one most think about how anyone would have mysteriously found this pump because one can't just search the Internet and viola it shows up because rather obscure site. So this means one of two things either the poster is an NTEK insider or working for Omnivance. I think the former would be illegal but never the less no doubt they will pump this all weekend as great things Monday just to be able to sell out their new position which they will no doubt do on Monday. Someone just showed their hand. Hmmmmmm.
Has there been any update regarding the A/R ?
Money can and is being made by smart investors in NTGL. Oh wait, I meant more money being made by brokerage fees. BAM!! FACT!!
But it was supposed to be huge! I remember all the hype for the past few years at every gaming convention how it was drawing HUGE interest. Guess that was yet another NTEK/NGTL lie. Interestingly, even though management gone and has no employees as well as office as that has been vacated and up for rent some on the outerweb still think in business and big things ahead. Some fools might even post money being made by investors. LOL
Laughable how the entire Paramount catalog is just up-converted from a given 2K source and people are going to be excited if they add on fake HDR as well? Why don't they first get real 4K media not up-converted ones that most smart sets do automatically for free. How's that 480p phone projector hype doing?
Carving the way to a ruined retirement unless you're a Foley.
The real undisputed fact is that anyone who would have listened to the BS spins for the last few years and bought this scam/dog is down and down considerably. That's not a spin but simply fact yet the spins never stop even as the PPS continues to decline and naive investors still losing money. No sane investor is going to believe the daily short report because they know the bimonthly is a true barometer not the daily yet posted every day to fool investors. No hedge funds care about a nonreporting penny stock to short while there are plenty of stocks to make money on. Just plug in the program trading and instant money. Who cares about a stock where the founder and majority shareholder is currently in prison on felony convictions and his brother with no tech. experience has taken over as leader. The telling sign is the mass exodus of management and employees this year. Insiders know the truth that's why they scooted. How many employees does NTEK currently have? Case closed. Scam soon over.
The only thing of merit there is the safe harbor warning at the bottom. By the way, you do realize that currently their phone can only project at 480p and after an update sometime in the future 720p so not even HD. How's that supposed to help sales of UF? That like saying that someone who buys an old tube SD set is going to purchase a 4K laser disc player to use with it. The absurdity never ends with pointless pumps. Meanwhile the PPS continues it's decline.
Not to worry, last 30 seconds of the trading day someone will buy a few dollars worth above the ask just to paint as usual. Mark it.
It just boggles the mind how the outerweb continues to pump the BS Akyumen phone as a savior for UF. It currently projects in only 480p and promises to update to 720p which is still a far cry from 1080p (HD). So why would a company supposedly harping a 4K service think people would spend money renting a film in (up-converted) 4K to watch on a screen that cannot deliver even a far cry from 2K? Let's not forget it only projects 35 lumens and the average 25 watt bulb is anywhere from 200-300 lumens so that standard definition (480p) picture is going to be awful dim at that.
Funny reps at Magnolia in BB haven't even heard of them and it's their job to know such things. Yet another spin to fool naive investors with this scam. Simply an app. of thousands no one ever heard of charging people for up-converted 2K media that their smart 4K set does automatically for free. Meanwhile PPS continues its 90+% decline but the shorts are scared according to some. That latter mantra having been said here for years while all long investors are under water. But let's try to spin the declining PPS as short position's fault whereas the real FINRA bimonthly report paints a different picture. Forget the one billion increase in A/S and its immediate dumping by management virtually right after promised by the same that there wouldn't be an increase in A/S. Denial is damaging to one's net worth.
Got to love the outerweb spins. First denied AH left when posted here months ago now proven by his on FB post and of course damage control kicks in and it is a good thing, waiting for DF to return from prison. Of course they forget that an admitted felon at the helm precludes them from selling anything to a casino legally. But all that doesn't matter because there is no NTGL anymore and they will deny that even though no employees or office anymore. When NTEK goes under no doubt they'll blame the shorts and hedge funds which of course are not involved here. Denial only makes the hole deeper, meanwhile 'the shorts are scared' according to Alan.
Zombie stock. Denial of no office or employees is futile. BAM! FACT!!
The vast majority who bought NTEK are down and down considerably. Many by four and five figures, some six. Tell them how NTEK is growing, certainly not their net worth. NTEK is a scam to deny that is foolish.
Of course it is known what outerweb I allude to. The NTEK spin fan club. This is where Omnivance and cohorts spin every negative action and disappointment to make it seem of little import or something actually good. Sadly many there are deeply in the red with NTEK because they believed the garbage posted there.