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Someone spent $200 to make this still look alive. Can't stop the inevitable. All scams come to an end.
So by just increasing the A/S 200 million means it's over? Maybe you mean next stop R/S and by that I would agree the PPS would go up by definition but then a precipitous decline would ensue.
NTEK making money today ----- selling shares.
Got to shake my head reading the outerweb spin to keep bagholders from selling like they have a special sauce. Brilliant people writing spectacular 4K code that apparently no one else can get even though they can pay a thousand times more than NTEK. Not to mention Silicon Valley next door which has considerably more talent. Of course they fail to mention that their stream is not really true 4K but an unconverted 2K source so nothing special. All that said, they're supposedly so happy now they have NTEK just before it flies which once again begs the question of why would an Executive VP of NTEK leave last month and take a much lessor position in a start-up if they would be super wealthy if stayed?
Short volume huge this week here. Oh wait, can't use that excuse. Hmmm, maybe nobody's looking here will focus on bogus short volume for NTEK. Plenty of potential bagholders there.
And if I recall a ridiculous amount of rentals from the same ip address as NTEK in a futile attempt tried to feign interest. Bottom line a complete abject failure.
$2500 in short sales of which one would have had to margin $1.6 million to do. Yeah, makes perfect sense.
The sad truth is that the penny world has many such DFs. Scamming thousands without remorse and with a weak SEC with impunity.
They same BS with NTGL. Made hundreds of thousands in revenue without a single sale of any product.
I remember the money pouring in with the NP-1 sales. That was a lie too. "Can't get my shares", "Holding with a death grip", "Buying the cheapies" Of course the PPS was over 90% higher then as well. Sad.
Omnivance working hard to spin a new web of misinformation and false enthusiasm for DF coming back and saving the day. Jail has become a 'think tank' where he's working on new ideas and technology as if NTEK ever had anything of their own NP-1 = MOJO. Fake 4K up-conversion as being a legit authentic true 4K stream.
This company is a scam like so many in the pinks. That being said people other than insiders can still make money pumping it up while they sell which is also happening.
Got to laugh reading the outerweb. Asking investors to market UF by calling radio stations and dropping the UF name and even giving examples how to do it. What real company needs this. Meanwhile DF making millions while in jail selling shares.
In HDR and Dolby Atmos both unavailable on UF.
Got to love the EOD $4.50 paint that brings the PPS up 3 clicks after 2 million sold prior to close. Hehehe
I said this was a scam a year ago but was laughed at. Everyone was waiting for the so-called video as if that was going to be a game changer. When it finally came out it was so unprofessional and laughable I thought people would catch on then but nope still made excuses and can't take my shares. Now they're bag/holders. So many of these scams in the pink. Everyone in denial, blaming shorts not the dilution with insiders laughing all the way to the bank.
Write off of three thousand a year unless you have made a profit from another security. So the logic to hold NTEK so you have a write-off doesn't seem too logical.
New 52 week low and still no one sees reality. Yet another penny scam enriching insiders. I guess when no bid still great things coming.
Less than a dollar in trades so far today you think the leader in 4K streaming would have more interest. Then again the recent increase in A/S out of the blue and the third SHL promising a R/S has opened the eyes to reality of this scam.
Last week the spin was thank you JF for increasing the A/S and not a reverse split. Today's SHL unambiguously states finishing up the necessary steps for a reverse split and the spin is its may not happen?!
LOL
Can't wait for the short report hehehe
I was reading on the outerweb today the damage control being done to calm down the investors by the recent increase in A/S. Pumpers there saying its a good thing and they needed it to pay for their original content and copied a press release from Businesswire regarding the same from NTEK making it seem like a new event. What was not disclosed and purposely left out of that copy and paste was that PR was from August 27, 2014 and still hasn't materialized. What a scam this is and how people will resort to any deception and spin to fool investors.
That is true, and now they only have older movies to watch if they use that service. I'd rather watch a new series and movie on one of my satellite channels and have my TV set automatically up-convert to 4K. I also use a Darby which cleans up and makes the picture sharper which is probably better than what UF does in fact it works so well that Oppo uses it in their bluray players.
Just like Spongtech had their product in Walmart and advertised at major sport events. Oh wait the SEC shut them down anyway. They too were in the business of selling shares.
Damage control (Omnivance) working hard to buffer negative sentiment on outerweb. Only $800K nothing! Hehe. A big PR coming. Hehe. Only fools would sell. Hehe. Reality is more pain coming.
Ominivance working overtime to try to mollify bagholders on the outerweb. Now trying to use Netflix as an example and how long it took them to succeed. They leave out the part that it was never a penny stock and an unaudited one as that.
I got a big laugh by reading a post on the outerweb just now how one can safely say UF is a household name. Too bad CNET doesn't think so. Looking at the boxes of the 4K sets of Sony, Samsung, LG, Vizio and Panasonic one doesn't see UF but clearly other 4K providers. Even at Magnolia's in BB they haven't heard of them. Some household name. Speaking of which didn't they promise that BB would be handing out UF gift cards with their 4K sets sales at last year's SHM eight months ago. Has anyone ever seen an UF gift card. Nope. Just more BS from this penny scam.
For those who do not own a Seiki but a better brand of 4K TV which automatically up-converts all media to 4K there is no use for UF because none of their media is true 4K but simply an up-conversion from a 2K source. Then again quite a few receivers and blu-Ray players also have excellent up-conversion capabilities as well.
Got to laugh when people have to search the globe to find any article that is not about UF but spin it as if UF will benefit. By the way, where's the CNET review of leader of 4K streaming? What, they haven't reviewed the so-called leader? Guess they don't think UF is important in the 4K world.
The answer is that this is a typical penny stock scam dangling the carrot in front of potential investors while doing its real purpose of selling shares.
How am I profiting from this?? To short a stock one has to put up $2.50 per share margin. At the present PPS to short $430 worth of NTEK I would have to margin $250,000. How absurd is that???! Blaming the shorts is a common ploy in every declining penny scam.
Fascinating to watch the ticker. Close to 5 million shares sold and it stays at around .004 but 25 shares bought brings it up to .0043. Interesting program being used.
Ouch!!! I guess no product sales or employees drives the PPS down. Or should we blame shorts?!
I understand now. The Seiki is about the lowest end of 4K sets one can buy and doesn't offer much, very basic. If one purchases a better brand they up-convert automatically all sources to 4K for free thus no need for UF whatsoever since all they do is up-convert 2K material anyway.
Hmmmm, didn't they promise NTGL's audits in a few days at the last SHM more than 8 months ago and still nothing. What more, that unit has no sales or currently employees so would be a snap to do if this joke was for real.
New 52 week low. Bag-holders stuck in penny land.
Always the spin. If there's a major car accident the spin will be great news wanted to get a new car anyway. Has NTGL sold even one unit anywhere ever? Nope. But yet their last unaudited financials mentions what several hundred thousands in sales. How absurd is that.
That's funny. I remember the same thing being said about when the advertising begins for the NP-1. We all know how that panned out.
Maybe post R/S.
Just rehash of old news. A regurgitation of the same old message just to make it seem new to the naive. Of course no one ever heard of this website and ironically the old article quotes Aaron Taylor who left NTEK. About the only thing worth noting is the safe harbor warning at the end of the article.