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Right about longs having huge losses. As I mentioned before why would top management leave the Golden goose just before it starts to lay eggs? Because they know this company is BS and they're moving on. Sorry for your loss. We've all made bad investments at one point. Learn from mistakes and move on.
Omnivance paid to do damage control for NTEK. Not too difficult to figure out on the outerweb with the non-ending positive posts irregardless of reality. Like here some post on a clearly red day that's it's s great day for NTEK.
Omnivance is onboard and spreading the spins here and on the outerweb nonstop. Always happy to nab new potential bag-holders.
If this scam was for real the executives wouldn't be leaving they would be riding the wave to riches but they know it's over and they're clearing out so they not associated with this garbage.
The review was posted last year here I do not have the time to sift through to find. Since you supposedly did your DD you mean to tell me you didn't know the audits promised in a few days was stated at last year's SHM. I don't believe that and your simply playing dumb. If I found that you would find some way to spin that into something unimportant I'm sure. Omnivance working hard lately.
Doubt very much. If I recall there was a review of their game by a legit magazine a year or so ago and it was canned. They have been promising this BS for years and still nothing. What more, the executives have left the company abruptly what does that tell any potential investor. Not to forget they promised audits in a few days over 7 months ago and still nothing. What I found completely laughable with this scam is that they claimed hundreds of thousands of dollars in sales on their financials yet they have never sold anything anywhere.
It's amazing that anyone is buying this stock. Never sold anything anywhere, unaudited, management abruptly left. It's parent is a scam whose founder is currently in prison. How bad can it get for people to finally 'get' it.
Good news???!
PPS down 22% and one site doesn't exist the other site an old youtube blurb from last year.
Hurting to find anything to spin.
My guess the shorts and MM will be blamed for today's decline. Feel sorry for those that recently got suckered into buying on relentless BS pumps on the outerweb. Wait until the R/S and there will be real pain here.
Just like the promised 49ers. Never happened but it was the typical pump one expects from NTEK that never materialized. Then when addressed people discount the lies as that was the past things are different now. Still waiting for promised audits.
Waiting for the Russian translation from the CEO.
Up-converted 4K
Omnivance doing its $10K a month damage control here allow me to give the free facts.
For the newbies:
The founder and majority shareholder of NTEK is in prison.
UF took digital 2K media that it got and up-converted it to 4K the same thing that most smart 4K sets do automatically for free. No Paramount film is real certified 4K.
In the most recent Shareholder's letter NTEK announced that there would be a reverse split.
NTEK is an unaudited penny stock even though for years and at every shareholders meeting they were promised soon. At last year's SHM they promised audited financials for their subsidiary NTGL in days here we are 7 months later no audit.
Be warned this is a share selling scam.
Nope haven't sold a single game anywhere in the world. Each year they pump how excited people are with the same game but no sales. It's amazing people still buy this stock. In fact the sale of stock has been its only income.
Unbiased truth about the short report:
http://www.goodetrades.com/2012/09/lying-stock-promoters-bullexchange-com-the-finra-short-reports/
Reality is denial of all the lies over the years here from NTEK. Reality is that felon Foley gifted himself 25 million dollars off the back of dreamers of the pink riches scam. Reality is NTEK pays a PR firm $10,000 a month to pump this stock on message boards.
FACT!
This is how these penny stock scams work. The insiders issue themselves huge amount of shares out of thin air and laugh all the way to the bank. Meanwhile many longs here down significantly. At the same time they hire companies to deluge message boards with positive spins on anything and everything. This is what they're paying Omnivance $10,000 a month to do. What legit company does this. Expect to read of the daily short report tonight as if that's pertains to anything but trying to fool the naive.
Hmmm, wasn't it a week or so ago that the R/S was denied now knowing the inevitable it's time to start spinning it as a good thing. Typical BS of scams like this unaudited pink.
I warned months ago here of this scam and was shot down with the typical response go somewhere else short etc. Now those people are paying the price sadly.
I that site I think I'll post it after each daily report. Some here were hinting that Goldman Sach was shorting NTEK, can you imagine the absurdity.
"They" ???? If a stock is significantly affected by this message board then it's truly garbage and should be avoided at all costs. If 'they' is MM and naked shorting then people are really misinformed and have been fooled by damage control posters. Like a billion dollar hedge fund who can make more in seconds with program trading is really going to play around with a penny stock but the spin can fool the naïve and that's what Omnivance is counting on.
Great news from s pump site?? Omnivance getting desperate. Still waiting for a review from somewhere legitimate. When Amazon's 4K site came online last year it was reviewed within a week. The so-called leader of 4K on stock message boards UF has never been directly reviewed. What does that tell you?
Stock down 28% today with 41% short volume. Stock up 65% Monday with 42% short volume. Yeah, those daily reports really mean something. Keep posting.
The two year chart looks awful here. Insiders made money selling shares though.
Funny every penny stock board says the same that they're the best best for future fortunes. Then again they do not have a Ukrainian national as CEO with no experience in this tech. On a real exchange the shareholders wouldn't stand for such nonsense but in penny world anything goes and someone will always spin it in a positive manner.
Wow, $12 in trades so far today in this scam. Then again that probably how much they made in sales so far today as well with their new formulation.
Hmmm, according to the daily short report 42% shorted on Monday when the PPS went up 65%. So when goes up or down shorts blamed. Typical logic in the penny scam world.
Omnivance damage control at full throttle here. What happened to the monthly shareholder's updates? Wasn't there supposed to be quarterly financials already?
Can't wait to see the daily short report tonight. Blaming the shorts for a year for the declining PPS yesterday went up 65% with supposed 42% shorted.
WOW WOW WOW
Posted two years ago. Since nothing else to report let's post obsolete old news. Might as well state that the NP-1 just shipped.
Ouch, you're not suppose to notice things like that. Omnivance working hard here at misdirection and fluff to fool new investors.
Simply because as has been proven here time and time again the daily short report is meaningless.
That is simply not true as one can easily read for weeks on the outerweb many down 4 or 5 figures. But let's just spin it as usual that everyone bought when it was 0.0025 and now they're sitting pretty. Hmmm I remember someone posting here gloating they were buying the cheapies when it was 0.06. I will say in all fairness a surprisingly good day. This stock never ceases to amaze me with its spins. Sadly many will be burnt and they're not short.
Thanks for the site. It's funny the people critical of UF have been members there for many years and are well versed in the medium and have no ulterior motives. The post stating just the opposite and praising UF curiously is a new member from this month. My guess Omnivance trying to do damage control. So many people in denial with false dreams of hitting it big in the pinks but already many down five and six figures.
Really think that billion dollar hedge funds and investment banks care about NTEK? They make more in one minute of program trading then they would in a year trading here in the pinks. Are people really excited about this? I love when DF was outed as the owner of the Royal Capital collecting a billion free shares. IR had to do damage control and spin it as Foley not paying himself a salary and giving himself shares. But what is most damning is that in the financials Royal Capital was describes as an unaffiliated and unrelated investor. How is the founder of NTEK unrelated?? Really a huge red flag but then again we should forget this and just focus on naked shorting of a penny stock. Maybe it's GoldmanSach's fault.
Really the only people sweating here are longs. Realize that one has to margin $2.50 a share to short a pink so it is absolutely absurd to do so. Do people actually think someone would put up $1,250,000 just to purchase $3000 worth of this stock at its going PPS? Come on any reasonable person realizes it's crazy. The blaming of the shorts is what one always finds in these scams as the PPS sinks.
Really?! True 4K movies?! You mean 2K up-converted to 4K not 'true' 4K from a 4K source.
What will happen when the R/S materializes wiping out longs even more? So much for the incremental PPS increases.
Anytime in the pinks when stories develop of how the PPS is going to increase once the shorts go is a major red flag. The PPS decline generally have nothing to do with shorts here. Clearly the massive dilution was the culprit even though they promised that their wasn't going to be an A/S increase. It's amazing how people have selective memory in the pinks or is this an Omnivance spin.
Nope never bought a penny stock. That's the truth. It's a fool's bet.
Said this was a scam here awhile back but was labeled a basher. Hmmmm, guess I was right.
Got to love these scams it's always the same excuses when the PPS goes precipitously down; blame the MM and naked shorts etc. What a joke. Forget about massive dilution and the con-men at the helm. Forget about the $2000 in quarter sales for their entire line. Yup it's the MM fault.
Like yesterday was a good day?!
People believing this scam must be drinking plenty of Vodka a favorite in the Ukraines for a buck a bottle.