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Foley pocketed the equity from NTEK through his Royal Capital Group scam front. The company was created to sell a constant stream of freshly printed shares through multiple false PR's and stock promo's. Ultraflix will never about a real viable business, shareholders will lose everything, while insiders walk away with millions.
NTEK false and misleading PR regarding Hisense.
From Jan 15, 2015.
http://www.prnewswire.com/news-releases/nanotechs-ultraflix-4k-streaming-network-to-be-featured-on-hisense-4k-ultra-hd-tvs-300017056.html
"With the agreement, Hisense customers will have one-click access to the world's largest library of 4K VOD content. By clicking the UltraFlix application button, viewers will be able to stream more than 500 hours of stunning 4K travel and nature documentaries, including 40 made for IMAX theatrical titles."
Turns out.. they aren't even on Hisense, more then a year after this PR and definitely NO ultraflix button on any remote that was touted by stockholders. This is why people call NTEK a scam, and rightfully so.
NTEK shouldn't be trading at all.. it's an embarrassment to the U.S financial markets.
R/S on the way, volume dried up so they need it.
No Buybacks - Just a complete lie pushed by desperate NTEK holders who need to sell their stock.
Don't be had by the stock promoters, history tells the tale. NTEK is a dilution scam headed for a R/S.
ULTRAFLIX King of feeding lies to shareholders while releasing false press releases that let foley dump more ntek shares onto investors.
And then at the end of the year it will probably be delayed as a result of another auditor blunder, or so they'll say. but don't worry, they will get it audited sometime in 2017.. for reals this time.
More and more NTEK "partners" lining up with lawsuits.
http://www.open-public-records.com/court/new-mexico-14621848.htm
Volume dried up big time
Pay $12.99 per month to view 600 hours of real 4k HDR content (without massive jutter/buffering) from Netflix.
Or pay an average of lets say, $4.99 to view one movie in "4k" via ultraflix. Figure 600 hours, 2 hours on average per movie (300x4.99). So to view 600 hours of fake up-scaled 4k streamed from ultraflix and its juttery porn server you would have to pay nearly $1500.
Hmm.
$12.99 vs $1500
That's why one is a real viable business and the other is a pie in the sky stock-printing sub-pennyscam.
How is NTEK going to wipe out 80% of foleys convertible debt after the R/S?
Surely that means there has to be post R/S dilution.
With the acquisition complete, NanoTech shareholders of record as of February 6, 2015 will be allocated shares in HVEL equivalent to their percentage of ownership in NTEK. Shares will be issued to NTEK shareholders upon effectiveness of a to be filed Form S-1 Registration Statement with the Securities and Exchange Commission ("SEC") pursuant to the Securities Act of 1933 as amended.
Either way no audits for either company are going to happen don't kid yourself. NTEK audits are 3 years in the making, and NTGL audits are coming "next week" 6 months ago. That pump is old and played out, david foley and his royal capital group practically assures no audits are happening.
So how about those NTGL shares for NTEk shareholders? More then a year after that PR, no audit or S1 for NTGL.
Headed for a major R/S and then dilution will kick up in a big way.
NTEK has been putting out false and misleading PR's for years in an attempt to bring in buyers of fresh foley dilution.
Don't fall for it.
NTEK is a pump and dump stock and the company was founded by a felon convicted of multiple counts of fraud who has to do mandatory mental health treatment after his current prison sentence. He installed his brother Jeff Foley as ceo/chairman to keep running the ntek stock printer while he does his time.
What would the point of a 1:10 or a 1:20 R/S be? That just takes the stock to what, 2.5 cents or 5 cents? Then it just gets quickly diluted down to sub penny again?
I think they're going to target a larger R/S maybe 1:1000 and then dilute this down from the $2.50 range.
Time will tell.
Either way, NTEK shareholders are toast. The post R/S dilution will be brutal.
Did NTEK scam shareholders out of their NTGL shares?
More then a year later and no signs of any distribution, or audits for that matter.
David Foley is Royal Capital Group. He controls the ntek debt situation.
The Foley Bros are eyeing shareholders to pay off the k2 lawsuit settlement with a fresh round of Post-R/S dilution.
So they announce the R/S but conceal the ratio behind the split?
Seems kinda weird.
NTEK has a proven track record of lying to and deceiving investors. They say whatever it takes to get people to avg down on more dilution.
Remember when they said audits for NTEK were being worked on back in 2014?
Audits... never happened.
The funny part is they blame the auditors for them not being completed. "something wrong on their end" they said.
Remember when they said people who bought NTEK were going to get "free" NTGL shares?
Yeah.. that never happened.
It's a common smoke and mirrors tactics for NTEK promoters. They visit their local best buy and then download/open up Ultraflix on the TVs there and then take a picture and come back posting their pics making it seems as if it was there all a long pre-installed and on the screen.
Just like the Apple 4k TV misinformation spread this weekend in an apparent attempt to Gin up new suckers to buy into NTEK this week.
Another A/S raise or a R/S coming up this month or next at the very latest.
NTEK is diluting 20 + mil new shares per week.
Not happening.
Looks like Foley and co pocketed the "free divvy shares" that ntek investors were supposed to get. If after a year they still haven't distributed any ntgl shares its safe to say they never will be.
I
I don't think ntek can keep the lights on without massively diluting shareholders
When they try to audit NTEK or NTGL they always seem claim that "there was a problem on the auditors end" and that's why they haven't been done yet.
Hmm really now, maybe it's not the auditors that are the problem after all?
NTEK already down 40% YTD
Who's making money here again? Oh yeah, Dave Foley, his CEO brother Jeff and a handful of other ntek insiders and promoters.
Do you think NTGL has been funded partly through Foleys Royal Capital Group? I'm wondering how they keep the lights on, rooms rented, and employees paid if not for RCG dilution. That might cause some "sticking points" during the audit.
Never invest in any stock unless you can afford to lose your entire investment. Omnivance Advisors is typically compensated by client companies with restricted shares of stock which may cause a conflict in interest.
Nobody is buying into the foley pump jobs anymore. They've baited shareholders to buy ntek stock with so many lies in the past that now only the most die-hard ntek koolaid drinkers are left to still believe this company.
Ntgl shares? Audits? Cfo? Real 4k?
Nowhere to be found
Ntek is headed for a reverse split after they max out the current a/s.
Audits were the biggest crock of baloney pushed by the slimeball promoters.
What's very clear, is that NTEK will never be audited. Especially after the Royal Capital Group = Dave Foley fiasco.
I'm sure all those people with 4k tvs are lining up to watch movies on ultraflix with their stereo quality sound.
Don't these people realize that sound quality is just as important to a movie viewing experience as picture quality is?
Maybe in late 2016 or early 2017 (after the R/S or next round of A/S raises) ntek might master the art of surround soon (coming soon)
Lol do you realize ntgl shares were supposed to be distributed almost a year ago and now look like they never will be? With the ntgl audit that never happened coming "in a few days" last fall.
It's incredible how much bs people are willing to swallow.