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R/S for ntek will probably happen once liquidity dries up under half a penny.
People have been saying the PPS is going to fly "any day now" for the past 2 years but all that happened is NTEK PPS has routinely hit new 52 week lows.
NTEK has no money or no desire to actually advertise their product to the broader consumer audience. So far their grand awarness campaign has amounted to underwater shareholders opening ultraflix on TVs sets at best buy while pestering anyone that steps foot near a 4k tv set.
Foley screwed any legitimacy this company might have had with his Royal Capital Group fiasco.
They claim royal capital is "unrelated and unaffiliated" with ntek when it so very clearly associated with Dave foley. They then issues 43.5 million shares straight to Dave foley last quarter and claim its part of his employee package. Dave foley can't be both an employee and an unrelated entity at the same time. Total scam.
Try to search ultraflix through google, notice how ultraflix.com isn't anywhere to be found on the first page or even the first five pages? google is hiding the search for ultraflix.com for some reason. It should be the first link to pop up but its nowhere to be found.
Money is being made here with NTEK !! OOPS !!
Insiders don't like it when people point out the dilution.
If they do a R/S before Christmas you might see 20 cents
I can't believe people are still averaging down and supporting the PPS. The ntek scam has been totally exposed to be a share printing scheme there's no denying it now with royal capital turning out to be a dave foley company.
Royalcapgp aka dave foley dumping into black friday week big time.
Does NTEK ever plan to disclose their million dollar law suit to investors?
Its pretty clear NTEK will never be audited they've been claiming audits are coming for years now and have told investors they will be here "any day now" in the past - notice how they've changed their tone on audits? now they don't even talk about auditing ntek.
They said NTGL audits were coming next week a few months ago and that's still not even audited, and that company has like 3 employees and no revenue.
Do not believe what NTEK insiders feed you. Sure way to lose money.
Foley received hundreds of million newly printed ntek shares into his royal capital group dummy corp and tanked the PPS into sub penny category.
Anyone averaging down on this junk is just putting money into Foleys pocket.
NTEK is being sued for Fraud, not talking about a petty $5,000 lawsuit here... K2 claiming ntek defrauded them, pretty big deal.
NTEK pumps are so predictable and played out, nobody is buying the hype anymore.
Probably going to see dumping all week.
I believe they admitted they were behind on bills but added that "they weren't important ones"
Whoops guess K2 decided their bills were in fact important, with a 1+ million dollar lawsuit slapped on NTEK.
IMO Royal Capital Group was hastily set up by David Foley back in March before heading to prison as a means to funnel ntek shares to himself/family. It definitely stinks and the silence from people at NTEK (IR) only furthers the suspicion royal capital group is not a legit investment company but just a dummy corp set up by foley.
Have you seen the latest filings? Dave foley was issued 43.5 million ntek shares in September while sitting in prison for fraud. Oh and hes still an employee apparently.
NTEK getting sued for fraud' probably the first of many lawsuits, not all that surprising for a company founded by a federally convicted fraudster.
Royal capital gets exposed so now they just issue shares straight to dave foley instead lol. Insiders don't seem to care for the common shareholder, as long as they can keep printing and dumping ntek stock, the show goes on.
How about those audits?
Ntek headed for a recapitalization aka reverse split. Dave foley still masking good money sitting in prison while his wife or brother dump freshly printed ntek shares that get funnelled to his royal capital group dummy corp. the scam has been exposed
Considering NTGL has no revenue its probably been funded in some way by foleys royal capital group which makes auditing it very complicated.
So is NTEK going to do those audits they kept telling investors were on the way in 2013/2014? Or would that just uncover massive illegality surrounding foleys royal capital group?
I doubt NTEK is making a lot of money from the paramount movies. Why would they need to dilute so much if they were? These movies are old, not even true 4k, and have been upscaled from an HD file. Not to mention they are found for free on multiple other sources, cable, satelite, netflix, old dvd libraries.
Big Bennie the scammer claimed he had close to 50 million NTEK shares at one point and that it would take him years to sell off his position.
NTEK needs cash and is dumping fresh shares anytime this has a rally.
Good thing for ntek you have a lot of "long and strong" types are supporting the company by buying the dilution every-time this dips.
Paramount uploads are Foleys smoke and mirrors while his family and insiders make a fortune selling freshly printed NTEK stock via their own shell company royal capital group.
If NTEK took even half the money they spent on pump and dump emails and put it towards advertising ultraflix to consumers then maybe more then 10 people on penny stock boards would know about the service.
This guy has done nothing but mislead investors and deserves a nice bunk bed beside big bennie and david foley
Deleted quote from NTEK IR
I believe the company communicated that they felt they did not need to increase the A/S. At the end of the day this is a public company that is not cash flow positive yet, competing in an expensive space. There is always a possibility of share increases depending on the business operations at hand. Unless the company comes out and states that they positively will not increase any shares for a given timer period, this is always the case. Emerging growth companies go public because they need to raise money. We all want to see our investment worth much more than it currently is, and these things are completely necessary in my opinion. Again allow the stream of communication to begin to flow out.
He set up a shell company Royal Capital Group back in March before heading to prison and funneled 600 + m shares through that company and now with the 400m A/S raise I'd imagine lots more shares are going through it. This scam has been exposed if you do some research on it.
.005s are gonna hit real soon unless they let up on the dilution
400m new shares being diluted fast so they can move onto the R/S
Shareholders are paying for Foleys lavish lifestyle while he is in prison via his own front company Royal Capital Group recieving hundreds of millions of ntek shares.
Still waiting on NTEK audits that were supposed to happen in 2014.
IR tells people the company is not cash flow positive and more A/S raises can happen at any moment, where as the financial statements posted to OTC tell another story.
Where's the truth with NTEK?
Heavy dilution here with 400m new shares ready to be dumped, then a "recapitalization" which likely means a R/S and wipe out of existing shareholders.
Plenty of cheaper cheapies ahead.
Bennie Blankenship was NTEKs #1 pumper until he got wrapped up pumping another ticker on the NASDAQ that was suspended by the SEC. The federal investigator tasked with that case labeled big bennie a "corrupt stock promoter" and since then he abandoned his Big Investment LLC facebook page where he did all his stock promoting. Not sure where he is now, some say he moved to the private NTEK facebook page. Karma will put this guy behind bars... in time.
Foley capital group needs fresh buyers to dump dilution onto hence the paid promos. There is always a flurry of paid promos around a/s raise time.