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Not too many people short penny stocks because of the expense. Interactive brokers charges $2 a share security to short anything under $2 a share I'm told. So if a person wants to short a hundred K shares of NTEK it will cost them 200K to do it. Now, that money is just a security deposit that is returned upon closing the short sale so long the shorter did not lose money on the trade.
Anyway, there are only 158,166 shares shorted in NTEK as of the end of June and I doubt there are many more than that now.
http://www.otcmarkets.com/stock/NTEK/short-sales
Okay, I understand the excitement over the name John Lennon. That said, will the sales to HHSE really be that big? Think about it, Lennon has been dead since Dec. 8th 1980. All his work has been published and republished to death. Everyone in the world who was/is a Lennon fan already has his songs as a Beatle and as a soloist. Where will the sales come from?
I am long HHSE and NTEK along with several Nasdaq and other NYSE stocks. I am hoping for a nice spike on this news but I really don't see a huge revenue generator here. Am I wrong in my thinking?
People better get out of the way or you'll get crushed by the mighty collapse.
Lets break three cents first. Wild and crazy predictions helps no one. I'll believe three cents after it happens, till then it's crazy to speculate on that even.
They don't need TCA
My house is paid for and I have no bills other than daily living expenses. That said, I have an untapped $75,000 line of credit on my house that I don't need. Having cash available is power whether you need it or not. Same can be said for the company.
IT WOULD BE A WASTE of opportunity cost &
MONEY to do an audit at the EXPENSE OF GROWTH!!!
& Financial STABILITY!!!
I'm not disagreeing with you, but you have missed the point one poster was trying to establish as you went on your rant. Just wondering, are you speaking for this company or yourself?
Anyway, the point was; if the audit is being put off, or not priority, then why does the CEO continue to state it is priority and will happen soon when in fact it seems to be lost in the shuffle. The CEO needs to rectify the misunderstanding or state the facts once and for all.
I personally could care less about that audit because the company has enough proven irons in the fire to justify their existence and growth potential.
Wow, HHSE really is highly undervalued. Thanks for that blog post.
Oh, some get their cable & internet from same provider
& Verizon Fios is also different....guess it depends upon
where you live in the U.S...& who serves your cable/internet
needs.
For whatever reason Nick, you are not getting my drift. All I'm saying is this; YOU CANNOT STREAM ANY LIVE MAJOR CABLE NETWORKS OVER A ROKU PLAYER.
I do not know what you're talking about....tbh
I thought I made myself pretty clear. With the Roku you can stream lots of stuff from channels like Netflix, Hulu and a lot of other free channels. But, the major drawback is you cannot replace cable or satellite TV with a Roku if you want live major network TV. It isn't available on Roku, I wish it was. I'd buy all the majors and ESPN and drop Directv.
I have a Roku also. People must understand that you cannot get live major network channels. You cannot pick and choose live NBC, ABC, CBS, USA, ESPN etc. Only odd-ball channels are available. You can choose channels like Hulu and Netflix which you must pay for. You can also choose free channels like Pandora.
I do not know what Nuvola is like, but Roku is not that great, at least IMO.
Hope so, I want in. How about a quick drop to .074 which is a 50% Fib retracement If you use .025 as a starting point. If you use .01 as a starting point a 50% retracement brings it back to .0665.
You take my words out of context and make incorrect assumptions.
I am not an insider, therefore I must assume when there are no proof positive facts for me to ponder. I assure you though, I am a fair person and not a basher. I stand corrected for any errors I have posted on assumption. I just wanted to know about on-going and possible future dilution your company had planned. I intend to do more DD and perhaps buy in when the stock retraces. I will not chase an over bought stock.
Thanks for your replies and I wish you and all NTEK holders good luck..
Am I invited?
:o)
LOL, it is an accurate statement, the CEO said it himself. He is paying employees and vendors with shares. Read his post.
While the company has contracts that require issuance of shares to employees and some other partners, our overall goal, as stated, is to continue to reduce the outstanding shares not increase them.
Thanks, I didn't think you would answer that question. I stand corrected on that thought.
As per your your statement above, If you are reducing shares outstanding by 68 million and then adding shares via contracts with employees, perhaps that 68 million will no longer be relevant over time. I would hope you would eventually start paying employees and others with company earnings rather than what share holders can generate for you. So your answer is; yes you will continue to dilute as time moves forward. As share price goes up, perhaps your greed will become a factor and you will dilute heavier, then again I could be totally wrong. The problem with pink sheet company's is unaudited financials, dilution, and lying about future events. The exchange you are on makes you and your company guilty of the above through association. I hope my thoughts are completely wrong because I've seen this film before and I really do hate to see people lose money on trashy pink sheet garbage. Only you can prove my thoughts wrong over time. I hope you are on the up-and-up.
Luck to you and all NTEK share holders.
Why would they need to dilute when they are seeing revenues of about $10,000/ day?
Come on, you can't possibly be that naive. As the share price moves up, pink sheet company's like this start having trouble controlling their greed. 10 million shares diluted at 12 cents is 1.2 million. Not a bad bonus for hard working insiders. 10 million at .50 is 5 million dollars. It will get harder and harder for them to not dilute as the share price moves up.
Seems everyone is getting caught up in this company's hype. Not saying there is anything shady going on here, but remember SPNG? They had their products in many retail stores and people believed the revenue numbers the company was touting and projecting. I was lucky enough to take my gains and run. Many were caught holding the bag when the CEO and others were caught lying out their butts.
I ask the hard questions and see if anyone answers then with honesty.
I doubt you will answer this question, but I think every single NTEK share holder will hope you do:
Will NTEK be doing any diluting, in any form, in the next 6 months?
Compare prices of items you can buy at both HD or Walmart. We have a Menards in our area that is 15 to 20% cheaper on lumber prices than HD. That is a fact.
No, but their prices tend to be.
Keep to the facts everyone
Hey, that was a pretty good post. As far as keeping with the facts, that's exactly what I did. I was not trying to bash your holding here, just pointing out that the company has zero cash and burned through 5 million like it was a line of coke. I was just trying to point to the fact that the company will continue to either dilute directly or sell to a toxic financer. Either way, the road to higher prices here will come very hard. If this company does survive, they will certainly wipe out share holders in the process. All one has to do is look at a long-term chart. It does have its little spikes upward to sucker more in, but they don't last very long.
Luck with your position.
http://stockcharts.com/h-sc/ui?s=ECOB&p=W&yr=3&mn=0&dy=0&id=p56743782020
Time to let this baby fly . Lets start knocking the walls down
I just read the latest 10Q. This is a company that has 0-dollars in the bank, burns every dollar it borrows and has no means of surviving. All it can do to cover expenses is sell stock to people foolish enough to buy shares in this sham.
Thanks, I was worried about that.
That's my thoughts exactly. That said, a stock like this that the CEO holds 3 billion himself could run to several penny's before people realize the implications of the outstanding.
Do you or anyone else know if Ameritrade allows buying of this stock? They do block some penny's.
Thanks for that. I see his holdings, 3,000,956,970. Only thing I can say is it is unaudited, but I suppose it is still believable. I will buy a million or more tomorrow.
You're a good man, (woman) thanks.
I'm not talking about the CEO selling, that would not be dilution. Dilution is when total outstanding shares were raised.
How often does the company dilute and when was the last time that happened?
As far as what the CEO holds, I'd like to see actual proof. Again, total outstanding shares like we have here hurts share price no matter who holds then. They must be figured into the cap. Right now this company has a 14.7 million dollar cap. That's a lot already for a company that has unaudited financials.
I appreciate your offer, but you don't need to do my DD for me. Was just asking the hard questions that so many penny boards like to bury.
Are there any filings that actually prove that? If that's a true fact, I will buy in tomorrow.
This could be the next NTEK right here!!.....
I really don't think so. Just too many outstanding shares. This has almost 6 times as many shares outstanding. Divide NTEK's share price by 6 and see what you get.
Float doesn't really matter. People look at total outstanding and then do the math to see if the cap is justifiable.
Thanks for your response. So you are saying they don't need any more employees cause the CEO does all the work, what little there is to do? Again, not bashing, just trying to get to the bottom of this to justify buying in.
Since that time it has seen spikes at $4.00, $1.00 and yes, like you said, .20 cents.
When this thing was .20 cents, how many outstanding shares were there? Now there is over 3.2 billion shares. This will never match NYTK's run, they only have 545 million shares outstanding, huge difference.
Just wondering, how can all that be true with only one employee according to OTC markets? Not bashing, just wondering.
The chart looks terrible but the company isn't so bad. I was just reading the chart. I really think RNN will eventually see .36 again. Today's painted close was well after market close and was a total paint at best. Ultimately, I do see this bouncing off a buck.
Luck to ya!!
Good looking chart on that one. If you get some volume it could get interesting. Only bad thing is this bounce we have gotten in the market is about done. I expect a huge market retracement that could last into October.
RNN ~ It is close. Patience.................
You guys could be right about RNN, but the chart is saying something else. Almost all indicators are turning down including the MACD which has crossed over and is a powerful indicator. Also, the up days lately are on lighter volume than the down days. The last few candles are very bearish with a hanging man, a long red candle and two inverted hammers which indicate a down move is coming. Resistance is at about .47 and the stock cannot penetrate that number. Most of the time, if they cannot get the price up, they will drop it down. I could be wrong, but that's how I read the chart on RNN.
http://stockcharts.com/h-sc/ui?s=RNN&p=D&b=5&g=0&id=p27358307385
No argument here.