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its a clear indication that the company needed money and of course foley made quite a bit... saved his rear, but...................insiders hold almost 600mm of the shares so i wouldn't be too worried yet..
zero . zero proof of that.... if proof is there please send to SEC
put it this way, if they aren't underway, than DF is pathological..
No need to spin... not being the CEO just makes it worse, a glorified license to steal...
Obvious Foley took that NP1 money and put in pocket... either that or produce the 60k devices... now!
well at this point in time the post is not false, in fact regardless of the outcome of the appeal David is a convict who has been caught in many lies unfortunately. Only thing false here is the title CEO when in fact he is the Chief Technical Officer, even though he is not on the BOD, which was a choice so he could privately dilute shares.... Forget the title, everyone in the "know" realizes that David calls all the shots, he owns NTEK.. period
Clarity on Audits.... contrary to the misunderstands attributed to the amateurish conference call, AUDITS are being undertaken at NTEK.
Book it Dano
Have to agree. Sounded bush league.
paid for....papers in only awaiting judgement now per the public record.
making terrible interpretations. In no way shape or form did he say audits were not being done......
refer to official pr released today.
I am working closely with our executive staff, financial team to ensure that we can gather all of
the necessary information from our previous CPA and Audit firms for our multiple companies and complete audits in a timely fashion. This is a priority for me and the company.
Complete Complete Complete Complete
not what he said AT ALL!!!!
Chart looks very weird..
No member of the BOD holds a large portion, however David Foley is the boss and that is why he remains off the BOD because he holds more shares...
insiders have between 51-54% of the shares.... prior to the expansion
then that would make what david foley told me a total fabrication...
a 3 month exclusive won't mean anything when no one knows about the service.
selling their .026s they just bought
We will be commencing this with our first conference next week, on Thursday March 12 at 2pm PDT. People may attend the conference by calling into 1.760.569.7171 and using the attendee code 354 399 051."
We have 5 topics that will be reviewed on the call:
? 1. - Internal Structure – Reorganization – Internal Communications
? 2. - Investor Relations – Share Structure – Corporate Communications
? 3. - Fiscal Planning – Audits – OTC & SEC
? 4. - Product Development – New Products – Sales & Marketing Strategies
? 5. - Business Development – Fiscal Structure - Diversification
incorrect information... it is 100% confirmed...
if even 1 new restricted share is given to either Foley, I'd run for the hills.
THERE WILL BE NO, ZIP ZILCH NADA-------REVERSE SPLIT!
ummm, I knew about this prior to, lol "your find" so like I said, it was amended publicly
Occam's Razor
The principle states that among competing hypotheses that predict equally well, the one with the fewest assumptions should be selected. Other, more complicated solutions may ultimately prove to provide better predictions, but—in the absence of differences in predictive ability—the fewer assumptions that are made, the better.
Given the fact that the raise in shares was publicly filed 3 days prior to the companies conference call by the new CEO, the simplest solution will likely be given during that call. Seems they, NTEK, have decided to take the transparency route under new leadership.
I fully support and applaud their actions.
this is totally inaccurate information... the 10mm in acquisition fund financing is completely non equity based....
Women and children first.... doesn't look like there are enough lifeboats for the RMS NTEK
could have simply been a long term move to insure that the foleys and associates maintained more than 50% of the company
here comes the first wave of advertising
lol, had to pay that high priced appellate attorney somehow!
PLEASE STOP
The Shorting nonsense!!!!! Shorters short because they knew there was major dilution taking place after every pump, but they are not exposed here.... it's false!!!!!
PLEASE STOP
The Shorting nonsense!!!!! Shorters short because they knew there was major dilution taking place after every pump, but they are not exposed here.... it's false!!!!!
all that means is the guys in san jose can do what they please with no shareholder consultation...
Blake Brown, Tom Cosgrove, Mitch Lowe
Anyone ever seen a photo of David Foley, the face of NTEK, with any of them?
-------------------------------------------?????
Insiders hold in excess of 365mm shares
yet Alan, posters here claim that they have it in writing from IR and that was confirmed here by another shareholder as well. Not responding is totally unprofessional and unacceptable. A response of, " we are not at liberty to comment at this time" would suffice.
1.8 million pennies traded on <5x normal volume? lololol
was really easy to track David's sales... a 1st yr wall st pigeon could do that. Foley stays out of the legal loop so he can manipulate shares. There is absolutely noway that after all these deals were done that ntek dropped each and every single time without a major shareholder pumping millions into the system and david is the only person holding those types of shares.
When I addressed David with his opinion of the tanking pps he said and I quote, "more sellers than buyers" do tell
I'm a fairly significant shareholder,
1st Foley has my email address blocked from the company and when I complain he says, "since you claim to be a shareholder I have asked management to restore your address" ok great, so I send IR a simple question, Can you confirm, as is being attributed to you in forums, that a 10:1 forward split of hvel shares is going to take place?
crickets... no answer, not a we can't answer that nothing... complete ignore...
professional companies to do behave in this manner. Yes, Foley did offer to address some issues via personal email and the new CEO did leave me a message, voice mail. That I appreciate however, it's still very strange this company imo
if foley was on board it would show how much he dumped, hence he stays off the board.
i don't flop at all, I assess the information that is available and voice opinion on what the facts are....
since it looks like he owned, give or take, over 100mm of the 724mm shares and is in control of the information flow of the company hell yes! why do you think he stays off board etc? so they can say no director owns more than 5% of the stock which is legally true and ethically bull shit.