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No recording or broadcast of the SHM from a tech company focused on streaming is a huuuge red flag. Also the 2013/2014 shm were recorded but ntek pulled them from the web after the fact. They said some stuff they would rather not be "on record" and have left it to message boards/corrupt stock promoters to disseminate the information.
Someone is selling a lot of shares, ntek has failed to deliver on too many promises they need to be uploading 2-3 paramount movies a day to make up to 1,000 movies they claim.
So up 8% today but this needs to go up 300-400% just for the pps to get back to .03 .04 where it was at the start of the year. Most longs probably need 500% gains to break even. Long ways to climb.
More specifically looking back at the fins, ask Peter how the company did 5+ million in gross sales in their Feb 14, 2014 published quarterly without any NP-1 or Ultraflix on the market.
http://www.otcmarkets.com/financialReportViewer?symbol=NTEK&id=116301
Was Jeff working overtime sculpting ice?
Someone ask CEO Peter if all the previous financial statements that have been released are accurate and why he didn't sign the last set of financials.
I'm sure they figure the less people know/going to the ntek SHM the better. They don't have any big info to reveal and hopefully get asked hard questions.
Insiders in share printing penny stocks hate when people point out the dilution.
Back to sub penny tomorrow?
The porn server was probably the cheapest so they went with that.
Most WIFI signals will block Ultraflix because its detected as porn.
Believe nothing out of NTEK/NTGL
Proven history of false PR's and outright lies.
NTEK dilution gearing back up in a big way.
Expect major dilution/dumping post SHM.
Bennie Blankenship (corrupt stock promoter) has moved to a private facebook page to continue pumping ntek. Hes a con artist and should be sharing a bunk with David Foley.
Just look at the past PRs, ntek has failed to deliver on so much of what they said was "coming". Still waiting on NTEK audits and the CFO Pete promised months ago. This company has lost all credibility and that's why it trades for a penny.
People should be used to NTEK pr'ing stuff and just never doing what they claim by now.
Ultraflix Facebook Likes - 1,684
Hulu Facebook Likes - 1,841,389
Netflix Facebook Likes - 15,723,779
No way Ultraflix has enough paying customers for the app to bring in millions of revenue per quarter. Someone needs to ask how much money Ultraflix has made so far, I'd be surprised if they made more then $100,000 in transactional revenue from UF to date. The APP is prolly putting ntek in the red when you line up server hosting/bandwidths fees/licensing content costs with money made from UF rentals.
Audits and CFO, what happened?
NTEK = Dave Foleys share printing scam
Is this the best they can do?
Nobody is paying money to watch bollywood 4k garbage.
Most people know what NTEK is all about by now, false/misleading PR's and shareholder dilution to pay the bills.
Bennie "corrupt stock promoter" Blankenship.. David R Foley, Bruce Schoengood... lots of upstanding individuals with strong morals involved with ntek. And by that I mean carrier scammers.
Crazy how much misleading info has been put out over the months.
Insiders lying and dumping shares since .17
Good post here.
History has proven ntek to be a scam pump and dump
Made too many deals they can't afford?
NTEK scrubbed the 1st and 2cnd annual shareholders meetings from the internet, the 1st one is where david foley said ntek was going to be a $1 stock
Classic post
Stop posting facts!
I see all your facts, and counter with the fact that I drove around for three hours today and finally saw a 1/2 inch UF logo on a display in the back corner of a Costco next to the garbage bags and bug spray. I have therefor concluded that audits don't matter, CFO's don't matter, missing inventory doesn't matter, unfulfilled promises don't matter, share dilution doesn't matter, crap content doesn't matter, a 1985 user interface doesn't matter, a convicted felon CEO doesn't matter and missing 80% of the 4K TVs doesn't matter.
That 1/2 inch logo means MASSIVE EXPOSURE. I predict 25 MILLION SUBS by next week and a $2BIL buyout by the SHM.
MARK THIS POST!!!!!!!! TO DA MOON BAAABBBYYYYYY!!!!!!!
What happened to hiring a CFO and Audits?
I heard Audits were right around the corner in 2013.
It does appear that they are trying to slow their rate of dilution leading up to the SHM in a desperate attempt to keep this stock above a penny on Aug 22.
Once that little get together is over we might see a flood dilution followed by another A/S raise somewhere close to 2 billy.
With smart-TV's on market, NP-1 is about as good as a door stop.
Anyone holding NTEK from the Feb 6th date of record is down a nearly 75% right now!!
People who bought in Feb to get NTGL shares already lost 3/4ths of their investment.
NTEK IR said they hoped to be profitable sometime this year
NTEK leases a lot, content, scanning machines, their offices, their monthly burn rate must be huge.
Now what pays the bills, Ultraflix? With the content they have on the app, i seriously doubt that, NP-1 sales? well maybe if they actually sold 60,000 of em.
Nope, whats paying the bills is constant dilution which can be seen from the TA reports.
Bills are piling up at ntek and they pay them by diluting shareholders. Not a profitable company.
Bennie Blankenship and David Foley should be sharing a bunk bed together for their involvement misleading people into buying ntek stock.
Small lies from ntek gets less and less believable so they've had to up the anty and make the lies even more absurd.
Couldn't get 100 movies uploaded in 30 days? Oh well, tell them we have 500 coming this time instead.
Just how red is the "buying group" now anyways
The only reason Jeff Foley is Chairman of a tech company is because his brother David Foley installed him there to man the ship while he's in prison.
Looks like NTEK is wasting no time to dilute new buyers.
Well said.
Nobody in their right mind is going to pay 10 bucks to rent/stream a 25yr old movie like Robocop from Ultraflix...
Buybacks in 2016?
I don't believe NTEK has enough cash to last until 2016 without a R/S or another A/S raise to 2 bil later this year which means dilution well into 2016.
Are you expecting buybacks to come before or after audits? Or how about the quarterly dividend?
Shareholder letters from ntek are about as believable as Santa clause.
They've stated so much in those letters, and done so little.
Pretty sure Pete said they wouldn't raise the A/S in some previous shareholder letters and then a few months later it was doubled and they started flooding the market with ntek shares like the great deluge.
Never forget about audits!!!
And how they told investors they were working on audits for 2014, mid 2015 no audits and now they don't even talk about them???
Whats up with that.