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Recapitalization inbound? More like foley-capitalization.
Looks like NTEK is going to max out the A/S this month.
Definitely no buy backs occurring.
By all means, double down and buy into NTEKs dilution. Foley loves to get paid.
NTEK has absolutely nothing any big company like Sony or Samsung actually needs. They could go under tomorrow and none of the so called partners relying on ultraflix would even care.
The biggest joke is how promoters post how sony/samsung/vizio are relying on ntek.
With the amount of false and misleading info PR'd by NTEK over the years I am truly amazed people still believe a word out of this company.
NTEK stock is a pump and dump through and through this stock isn't an "investment" if you rode the train up in late 2013 you probably made money but now its in the downward dump phase headed for a R/S.
Remember when NTEK said they didn't need to raise the A/S and then they raised it 3x and dumped a billion + shares onto the market diluting shareholders down 90% in one year?
I dont think NTEK has any real technical support staff.
All thats left are a handful of scamming insiders dumping whatever shares they can while getting a nice paycheck from shareholder dilution.
NTEK has a well documented history of false and misleading PRs and the de-facto CEO is sitting in prison for fraud right now. Shareholders are routinely thrown under the bus, while Foley(s) become rich via dilution through their phony front companies like Royal Capital Group.
A/S is going up and up before they R/S or just raise the A/S to over 2 billion.
If anyone ever wanted to learn how to run a penny stock pump and dump scam NTEK would make a great case study.
Did the Foleys screw over Riordan? Maybe they didn't pay him what he was supposed to be paid, with NTEKs money issues its plausible. I think Petey should spill the beans on NTEK and maybe he'll get a lighter sentence when the feds get around to shutting this scam stock down.
Also, I don't think he ever signed off of any financials, that's always been dave's bro Jeff.
DD on NTEK Shorts
Yah the marketing campaign is well underway, they uploaded a you-tube video that only penny stock message boards even know or care about.
The NTGL divy ruse pushed NTEK stock up from .3 to .4 back in Feb and no NTGL shares have been distributed nearly a year after the fact and I doubt they ever will be.
People who bought into the NTGL shares distribution ruse early this year are down 90%.
NTEK has diluted close to a billion new shares this year.
Clearly they are not making very good revenue from ultraflix, in fact its probably losing them money when you factor in associated licensing, bandwidth, server costs etc.
Of course we'll never actually know because financials are UN-audited and this company is dark form 15 non reporting hiding from the SEC.
Just waiting for the inevitable R/S now... its hard for foley to make $$$ selling ntek stock with this volume/pps.
People are going through mental gymnastics to justify their failed ntek investment. Shorts are easy to blame but in reality its foley behind the curtain (err, prison bars) who is driving the price down through convertible debt.
Foley and insiders are making money while they drive shareholders into the poor house.
Here are some prior words of wisdom from Bennie Blankenship Big Investment LLC.
Tuesday, 10/29/13 03:39:54 PM
PPS at the time 0.174 - the absolute tops
FoleyCap took all the money and apparently didn't leave enough to pay K2 communications what they were owed.
Dave Foley is the president of Royal Capital Group who NTEK claims is "unrelated and unaffiliated" in the financials but last quarter they went ahead and gave Dave Foley 43.5 million shares directly and said it was part of his "employee compensation".
So NTEK financials claim Dave Foley is unrelated and unaffiliated but also an employee.
This stock is headed for triple zeros, an R/S, SEC suspension.
You'd be crazy to put money here.
A youtube video with 300 views? I'm sure mystical shorts are scrambling to cover after that one.
Whats in store for nteks future? Either .0001 and no bid, a crushing R/S or the SEC rightfully suspending this stock.
Good summary of why NTEK can be suspended any day now.
Foley didn't just screw shareholders, he's going to bring a whole slew of people to prison with him this time.
They have been on record telling investors they are working on audits but they've been saying the same thing for 3 years and won't even name their auditor now. Doesn't look like NTEK financials will ever be audited.
NTEK is just a well run pump and dump dilution scam and dave convertible foley makes a profit selling all the way down to .0001
Going long NTEK is an even bigger mistake, anyone that bought after reading that article is down big time.
Triple zero's coming up .0001 Foley will have to R/S sooner then later.
Well we all know no reputable firm is going to audit NTEK's books.
It's amazing how many believers there still are in the NTEK dilution scam.
This company was set up by dave foley to make himself rich via convertible debt.
Its crazy seeing people make revenue projections for 2017, 2018 for ultraflix. I'll be amazed if NTEK makes it through next year without being shut down.
Who knows, they might use some royal cap monies for their 30th paid email promo tout to dump into next week.
Probably realizes the NTEK/NTGL dilution scams are nearing their final conclusion (suspended tickers, lawsuits, DoJ investigations).
Royal Capital Group being a Dave Foley front company had to have raised some eyebrows.
With those kind of loses realized in NTEK between you and your friends I hope you've done what you can to file complaints with the proper authorities. Maybe one day you'll see some of that money back, if nothing else, the more eyes on ntek the better.
It's time to accept the fact that investing in NTEK was the wrong bet from .175 down to .0053 the only way forward for NTEK is a R/S to restart the dilution process all over again. That's if this stock doesn't rightfully get suspended for blatant lies/manipulation/roycapgp.
Paramount can't be too happy about the new Terminator being ripped off of Ultraflix servers. Guess we'll see NTEKS version up on the pirate bay soon.
No buybacks are happening of NTEK stock, they have less then $50k in the bank and are in massive debt to Foley Capital Group who receives a constant stream of shares to dump on the market.
NTEK was the brainchild of Dave Foley and was set up to enrich insiders through selling stock/convertible debt/fat salaries paid by shareholders. Business is secondary to telling a great story to dump shares into. Just like the NP1.
At this rate R/S might happen in 2015. Longs are outa funds to average down on foley shares and no new investors are going to touch this now that the street knows who/what royal capital group is all about.
Before heading to federal prison for fraud dave foley the de facto boss/ceo of ntek created an investment front company called "Royal Capital Group" and then proceeded to funnel hundreds of millions of shares into this company which were sold for millions while he sits in prison.
All while shareholders rapidly saw their investment depreciate to new 52wk lows now down 85% YTD.
Do your DD on Royal Capital Group. They've been trying to scrub away its existence ever since it was exposed.
#4 on how to create a penny stock scam. Sound familiar?