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NTEK has so much funding yet they're doubled and maxed the authorized shares in 8 short months.
Does Not Compute.
NTEK still not audited after hiring multiple auditors starting in Oct 2013 and after telling investors multiple times audits on ntek would be done.
Audits would reveal the truth behind nteks financials, maybe that's why they can't audit after 2 years of trying/saying they are?
Penny stock promoters play dirty games. Just look at NTEKS close relationship with Bennie Blankenship (corrupt stock promoter) over the years.
What actually generates revenue for NTGL? What product or service do they sell? NOTHING.
Paid promo was likely paid for by NTEK after they just finished denouncing email pump and dump spam.
NTEK/NTGL = Penny Stock Scams birthed by Dave Foley
A/S maxed out here and audits have not been delivered after telling investors audits repeatedly would happen in 2014.
60,000 NP-1 hyped up by Dave Foley but now that product is nowhere to be found (if it ever existed)
NTEK = Pump and Dump penny scam
Wouldn't they have to audit NTEK before distributing NTGL shares?
Who's paying for the pump and dump promo here? NTGL has no money.
Sub penny will be here to stay this time, A/S maxed out and a raise looks to be imminent.
Founder/CEO in prison for Fraud, NTEK = Pump and Dump.
If you google Ultraflix then ultraflix.com doesn't even show up on the first page of hits... porn server is a real problem. I just tried it.
People holding NTEK still believe they are going to trade "pennies for dollars" which is a real knee slapper. The whole ntek to $1 dollar was just another dave foley pump and dump stated at the 2013 SHM. That SHM was recorded and was on youtube for little while but ntek eventually took it down.
So how is NTEK going to get funding once they max out their A/S this week? It's obvious they are going to need another raise in authorized shares to pay their debts/bills/employees. NTEKS major bread and butter the past couple years has been selling shares/dilution that's not about to change anytime soon. My guess is an A/S raise to just under 2 bil within the coming weeks if not sooner.
Considering their one all-star movie interstellar could not even yield $2,000 for NTEK the $100m a year you're talking about is a stinky pinky dream.
I wouldn't be surprised if ntek loses money on their big paramount deal, few people know about ultraflix outside of penny stock investment forums and even less are willing to pay for the service.
This is ntek afterall, if they say one thing expect the other.
Pete Riordan said they wouldn't need an A/S raise and look what happened, A/S was doubled in 8 months and already maxed out.
IF ntek "IR" or any insider tells you they won't need another A/S raise it's just a fat lie to get you to keep holding, ntek badly needs the cash from selling stock.
Creeping up on the next A/S raise fast!!!
NTEK needs to sell a constant stream of shares to pay their debts/bills.
Will nteks next financials be audited? I seriously doubt that. The "Media-Sales" going back from around early 2014 are totally bogus imo. If they can't audit the company after 2 years of trying and multiple auditors the numbers just don't line up. Stay away until the audits reveal the truth, if they can't audit well then you know something is wrong. Former CEO and founder in prison for fraud.
Interstellar was a massive money loser for ntek. They would have renewed it if it was making a profit for them.
Ultraflix was supposed to be on the Sony last September according to nteks PR.
And at the SHM they told folks Ultraflix would be on the sony next week, UF is still not on the sony. Just one of many ntek lies.
Something big is about to hit I feel with the pump and dump warnings being issued. Regulators finally making a move on ntek? Lawsuit about to hit the company? Stay tuned next week.
Dave foley promoting ntek from prison was quite the brazen move but not all that surprising to me.
So if their one highly acclaimed new release movie Interstellar could only generate $1600 at a cost of $700,000 the question is. How much do you think these old and played out movies which are not even true 4k and free from multiple sources will make in a year? Few hundred bucks each?
IMO Paramount is taking ntek to the cleaners.
Financials need to be audited.
They began working with an Auditor in October of 2013 and still don't have any audits done after repeatedly PR'ing that audits are on the way and coming soon.
I wouldn't invest here until audits are done. If they can't get audits done in 2 years of saying they're working on an audit, something is very wrong.
Ultraflix isn't bringing in millions in revenue per quarter. They lost over half a million dollars with interstellar if those numbers from filmtrack are accurate. Only way to keep paying the bills (the important bills that is, apparently they don't bother paying the "not-that-important" bills) will have to be through more shareholder dilution.
Half those rentals were probably shareholders.
I always figured Interstellar was a massive money losing proposition. There's not enough active/paying users on ultraflix for them to recover the cost of expensive new release content.
Only people that seem to be buying are longs averaging down. New money will stay away (and rightfully so) until FoleyFinancials are audited like they said they would be.
So Is Bennie Blankenship still arranging 10mil in funding for NTEK?
So those holding NTEK convertible notes decided to do a pump and dump campaign behind nteks back and they knew nothing of it?
Not sure I can fully believe that one.
after a year of promoters posting "ultraflix on da sonys"
there's still no ultraflix to be found on sony tvs, and that's after they told people at the SHM it was coming in a weeks time. that week passed and then some btw... still no ultraflix on sony.
Makes you wonder how Bennie ended up with tens of million ntek shares. Did Dave Foley work out a deal with Big Investment for his promotional services? Free shares in exchange for his pumping/promotion of NTEK? The corrupt stock promoter got a lot of people to buy into the company, average down, and hold "long and strong" that's for sure.
NTEK Investor Relations Page hasn't been updated since Dec 2014, do they not have anyone that can update their website in the company?
http://nanotechent.com/investor.php
Share Structure
Market Value $30,299,734 a/o Dec 26, 2014
Shares Outstanding 724,874,022 a/o Dec 26, 2014
Free Trading Shares 652,918,523 a/o Dec 26, 2014
Restricted Shares 71,955,499 a/o Dec 26, 2014
Authorized Shares 740,000,000 a/o Dec 26, 2014
Shareholders of Record 107 a/o Dec 26, 2014
They need new buyers to dump shares onto.
There's been paid pump promos in the past to drum up interest in NTEK but they're getting more aggressive now at an accelerated pace it looks like.
Any upward movement in this stock price is soon met with heavy selling/dilution.
Oh I wouldn't be surprised to see a lot of what was said at the NTEK SHM not come to fruition and then it will just be edited out/swept under the rug.
That's the benefit of having your SHM "off the record" and the information coming from message boards hearsay.
The non recorded, non streamed, non recapped NTEK SHM has got the message boards scrambling to get their story lined up, why is there so much conflicting information out there. 25 movies uploaded today?
How paramount movies uploaded today?
The message board promoters were telling people 25 paramount movies were going to be uploaded today.
IF NTEK had a recording of the SHM either video or audio then the message boards wouldn't have to be relied on to get all the accurate information. Steaming technology company couldn't figure that one out though the SHM is "off the record" and nobody knows what really went on or what was said.
Yes the NTEK founder has his history rooted in gaming, read all about it here.
http://www.vendingtimes.com/ME2/dirmod.asp?nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&tier=4&id=80E21F300CF1456B9F734F43EF35E3E4
Nobody believes NTEK will deliver. The market sees constant dilution after saying they wouldn't raise the A/S they doubled it in 6 short months. No audited financial statements after saying they were coming for 2 years and David Foley is sitting in prison for fraud. Plenty of reasons for money to stay away from NTEK.
They haven't been able to audit ntek after 2 years of supposedly working with auditors, what does that tell you?
I think what hes saying is nobody trusts the un-audited financial statements ntek has been putting out. IMO there's a problem with the financials if they haven't been audited after 3 years of saying they're working on it. Without audits to verify the balance sheets of ntek investors are going to stay away.