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I am very certain that shorts have covered all the way. Chart shows all the action very clearly..... Anyone expecting a mass short covering in NTEK is a dreamer of some serious dreams....
Facts here are incorrect
plead, ALREADY SENTENCED not awaiting sentencing, however the case, including sentencing is on appeal and I have read all of the pleadings to date. There is a very compelling case that the lower court erred quite egregiously on several key points which may result in a new result, a retrial or a change in the sentence. Also, before someone chimes in with a, "well than, if he is retried he could face all the charges again and get 20+ years." That will NEVER happen.
The case will never go to trial. The worse case, (if he wins appeal) would be a new plea arrangement w/ no to perhaps a short stint in white collar jail.
Personally I hope David Foley doesn't do a day in prison. He has a family and I can't really find drastic damages that warrant hard time.
I am in no way shape or form a stock promoter. I am a private citizen with zero affiliation with ntek other than owning stock, overseeing shares legally for others and having sent my partner to what was a very good meeting with A. Taylor at the NTEK offices.
I hope the stock goes to the moon....
as a side note, I was just informed that my address was unblocked.
explanation of ntek/hvel conversion.
# of NTEK shares / 725,000,000 = X
X * # of HVEL shares issued to NTEK for the purchase of NGL = number of shares you get.
To show you what a POS company you are dealing with read this-Updated
The following message was sent to IR. NTEK has blocked my email address......... I AM A SHAREHOLDER... David just messed with the wrong person.... He won't enjoy my letter going to the SEC and the state of nv.
There is now a major debate going on regarding the number/% of hvel shares holders of ntek shares will receive. I read that it was clearly stated that whatever percentage of ntek you owned that you would receive that equivalent percentage in hvel. Now there are people saying they have direct communication from you saying that isn't the case.
Please clarify.
Thank you
Delivery to the following recipient failed permanently:
DWONG@ntek.com
Technical details of permanent failure:
Google tried to deliver your message, but it was rejected by the server for the recipient domain ntek.com by comms3.ntek.com. [64.62.248.153].
The error that the other server returned was:
553 5.1.8 Sender address rejected by address filter
**** so now I get a direct answer from the boss/founder David Foley answering the question in exactly the manner which I had described here on the board except i had used 740mm ntek shares and he used the number of 725mm........
those are the actual facts and I'm 100% certain of them...
they will be super promising.. that you can count on...
they will be super promising.. that you can count on...
Yet there are no strong hands scooping in to buy these rock bottom prices. I mean if you have 11,113,000 you can own controlling interest in the company and scold Foley all day!!!!
Where are the buyers?
Do you think Foley cares about the SEC? Is he a board member? No, why, because he has a felony conviction hanging over his head. Try getting a gaming license with a board member with a felony... denied.
If ntek gets sued, fined etc., David already got his money out, it's not on his head now is it?
NTEK Financials due- Tuesday
They went dark because they had no money, Foley had big legal troubles and it costs >100k+ a yr to be fully reporting....
The hiding part came into play later with the idea of 4k streaming... by remaining dark until the dilution was complete Foley was about to fund the company, hire a big time attorney and reestablish his lifestyle including his 2.5 million dollar home in Los Gatos a San Jose bedroom community.
Now it's time to make money to undo the damage.
Foley had a no name court appointed attorney, i.e. Indigent... suddenly he has 100s of thousands to fund an appeal by the best in San Francisco....!!!!!!
So I sent the following to NTEK and Daniel Wong yesterday, "There is now a major debate going on regarding the number/% of hvel shares holders of ntek shares will receive. I read that it was clearly stated that whatever percentage of ntek you owned that you would receive that equivalent percentage in hvel. Now there are people saying they have direct communication from you saying that isn't the case.
Please clarify.
Thank you"
Crickets..... NTEK's lack of service and transparency is sickening. You would have thought they would have figured this out by now.
Sure, like my trading or comments have any affect on the price....
Any review of my posts just show proper DD and excellent market timing... The only pump and dumps were by the Foley's who flooded the market with millions of shares after every positive piece of NTEK news. I traded a few hundred thousand over several months to average it way down plus a little something for my time. Any investor who thinks Foley paid his lawyer, maintains a 2.5 million dollars home and attends CES and all other shows from NTEK revenues is fooling themselves.... HE DILUTED millions!!!!!!!!
I still think ntek will do well long term, but to accuse me instead of Foley is just baseless in any merit.
The opposite is true- I brought in many buyers of millions of shares and they are still holding.....
****truth, I haven't sold a single share of NTEK since right after the release of the NP-1/Google release which was in JUNE!
Never been my style. I was able to trade NTEK to the point I own it for very little. I applaud when they do quality proper things and chastise when there are lies, manipulation and dilution without transparency. My comments do not control the pps.. There really aren't any big players in NTEK, guys who own tons got in, for the most part, on the cheap. Guys like Big, who regardless of some opinions, is a straight forward businessman, has made large financial investments in NTEK. I'm pro NTEK, but I will also point out when Foley, D. is behaving in a manner that is counter to shareholder interest.
New Transfer Agent
On January 20th we received notice that Clear Trust LLC had purchased our Transfer Agent
Stalt, Inc. We have not had the opportunity to meet with Clear Trust who is located in Florida
and make a decision on moving forward with them, or retaining a local Transfer Agent. Stalt
provided great convenience being located a few miles from our offices. We have been very busy
with our reorganization and once that is completed we will meet with Clear Trust and determine
who our new Transfer Agent will be moving forward. Once we have signed a services
agreement our Transfer Agent, as always, will be able to provide daily updates to our share
structure. We have not changed our Authorized Shares and have no current plans to change it or
to execute a reverse split. Our TA is not “gagged” and never has been.
Sent to NTEK IR
There is now a major debate going on regarding the number/% of hvel shares holders of ntek shares will receive. I read that it was clearly stated that whatever percentage of ntek you owned that you would receive that equivalent percentage in hvel. Now there are people saying they have direct communication from you saying that isn't the case.
Please clarify.
Thank you
messages from lorraine and ir are not legally binding. PR's Twitter and Facebook statements are. If the distribution differs 1 single iota(in a negative manner) from the way it was stated in the "official pr" from ntek, I will file suit.
Is it clearly understood ntek cannot state that shareholders of record on feb 6th will receive X and after the fact tell them they will receive Y which is less than X? That sir = FRAUD!
AND FOR THE RECORD.. who cares about the previous holders of worthless sham hvel shares?
agree 100%
i'd refer you to see the actual value and question how a person like foley who asked for a court appointed attorney affords a 16k a month mortgage?
http://www.city-data.com/santa-clara-county-ca/S/Santa-Rosa-Drive-1.html
certainly not going to be the end of it "if" a steady revenue stream is produced and institutional investors get involved.
That figure represents "man hours" not singular hours. So unless you think only 1 person will perform all the work, not happening, 6 months is very extreme.
F-15 Retired
NTEK will be .25 by Christmas!
David Foley's salary was paid in shares which he diluted in order to pay the 16k a month mortgage on his 2.5million dollar home overlooking the canyon in Las Gatos.
HVEL is worthless. Nothing but a ticker w/ $500,000 in cash that, well who knows where that went..... Now it seems HVEL shareholders are bombing NTEK about wanting to get fair value from their shares!!!! ATTENTION: your company basically went belly up and you were scammed!!!!
So you and Lorraine are now claiming everything the Company publicly released is a LIE? Go figure.....
I wouldn't believe anything that Lorraine says... Her batting average is below the mendoza line where NTEK is concerned. I refer you to the NTEK PR regarding completion of HVEL acquisition.
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
74mm shares of ntek is 10% of the company which entitles you to 10% of HVEL which has 46mm shares. Hence 10% of HVEL = 4.6mm shares....
after a filing... cannot specify an exact date but 60-90 days would be reasonable.
no actually Foley lied imagine that, about having some photos copyrighted, called a lawyer in san diego to aid him, didn't get much help, petitioned both ihub and tinypic to remove or block photos etc. I offered him my address if he would like to serve me with his copyright or an order to not use his photo though for these purposes he has no damages since my speech is protected and as his own attorney told him, I am not using them for ulterior purposes. Why would I, I am a shareholder!!!!!
my better half wouldn't be caught dead with a foley type as she has impeccable integrity. If I lied on a mortgage application for a 2.5 million dollar loan, which Foley was convicted of, I would have been divorced on the spot and deservedly so!
let's get the math square here if you own 74mm shares in ntek, you would receive 4.6mm shares in the new company.....
if you own 7.4mm ntek you receive 460,000 in new company
if you own 3.7mm ntek you receive 230,000 in new entity
if you own 1.85mm ntek you receive 115,000 in new company....
https://www.google.com/search?q=david+foley+ntek&espv=2&biw=1440&bih=785&source=lnms&tbm=isch&sa=X&ei=7l7ZVLiJI8KMNqH6gZgK&ved=0CAgQ_AUoAw
david foley publicly pictured here has millions of reasons to smile..... even his wife is smiling.... ntek lining his pockets....
Not a single insider share purchased by ntek since june 2014
non reporting unaudited claims about to fall by the wayside. both are done deals... cannot be denied.
Let's all buy some ntek today because David looks so happy on facebook. Couple that with all the new changes in the CEO, spin-off, promises of content etc... looks like a buy!!!!
https://www.facebook.com/davidrfoley?fref=ts&ref=br_tf
base of that branch..... not even close on total business scale....
it's totally true and who cares? What you don't care if your company's main man can't tell the truth?
The lies are endless, very sad too because he is a smart guy.....
even his biggest supporters can't deny that even for a moment.... ;(