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Pete is having second guesses about becoming Foleys fall guy ?
Wow so many buyers from Friday have already been diluted red... this stock just drains money from investors.
4k streaming at 4mbps... doesn't even qualify as 4k quality.
Picture quality suffers greatly with such a low transfer rate. That's why all the legit companies like netflix say 15 or 20 + for 4k.
NTEK holding onto such an expensive movie like Interstellar is driving them into the poor house.
They can't make enough money from rentals to even pay for the licensing of the movie forget about making a profit from it.
NTEK crashed through its major one penny support level
The company founder / closet CEO david foley was the main man that convinced people to invest their money into ntek and now he's locked up in federal prison for 2 years.
Ntek is front loaded pump and dump scam, just look at the historical volume and price movements.
Most investors left here have been blinded by greed and the belief that this penny stock will make them millionaires. Being married to a stock means you can't look at it objectively.
With NTEK, the "cheapies" always become cheaper.
Is CEO pete is going to let himself become Foleys fall guy?
You should stick around, it'll get really interesting once the investigations and lawsuits start happening. 60,000 NP-1 securities fraud, bogus financial statements, corrupt stock promoters.
Grab some popcorn
Someone contact the real estate agent and find out if this is current?
50 + mil volume and down 24% somethings up.
Looks like Ntek is on its last legs now. Stuck in a dilution trap to pay for bills with an ever dwindling PPS.
Pretty crazy to watch this penny scam play out over the years. Just glad I got out when I did.
Going to be an interesting trading day here. Looking back at the shareholder letter Peter Riordan sent out its incredible how much BS he was serving up.
NTEK seems to consider shareholders their personal piggy bank. Running low on cash? No problem, just dilute the stock.
If someone owns 1 million shares of ntek, how many shares of NTGL would they be getting? How much money would those NTGL shares be worth?
Just curious
You might get one more bounce to .015 but this could just as easily crash down to .007 range
The Ntek pump conductor d foley is incarcerated now
Ntek needs another round of paid touts so they can dilute more
They need a new pump or a new promo and they need it fast.
Can NTEK run their business/grow without diluting shareholders? It doesn't look like it.
They haven't updated the investor relations page in half a year now, do they ever plan to update correct SS numbers or do they prefer to keep potential investors in the dark?
Share Structure
https://ntek.com/investor.php
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
NTEK has been diluting shareholders for 2 years now.
Apple buyout rumor was fabricated by someone who scooped up some .011 ntek shares looking to flip for a bit of profit.
Very dishonest.
NTEK will need another A/S raise in about 4-6 weeks at the current rate of dilution.
How exactly are you privy to all this information? Both companies want to keep the negotiations classified but it was leaked to you and now you're posting it here, apparently not doing a very good job of that.
Searching "ultraflix" on samsung website -- no results found.
Results are found when searching the other major providers like netflix, amazon, or mgo. Looking up the FAQ on where to find UHD content for Samsungs.
No "Ultraflix" found. I wasn't able to find the picture with Ultraflix app on any samsung pages so it must be off in some obscure place where nobody will see it. When you search ultraflix on samsung website nothing shows up and the FAQ about 4k content says nothing about ultraflix.
They need more investors to fleece with rampant dilution but people are well aware now. That's why the have to dilute NTEK stock at a penny, big money isn't going to push this stock up just to have NTEK dilute their capital away.
With nteks current trajectory they are going to max out the 400mil new shares in a few months and will need another A/S raise to 2 bil or a reverse split.
NTEK knows how to gobble up whatever shareholder money is invested here through massive dilution. .17 -> .01
Pete Riordan said he was going to do quarterly conference calls.
Where's the ceo of ntek been anyway?? haven't heard anything from him since the last conference call. Dave's brother Jeff looks to be running things still, signing financials, and installed by Dave to keep the Foley family enrichment going.
ntek is a Foley enrichment scheme
Time for ntek to dilute the new buyers from the pump??
Don't forget Big Investment breaking his silence and promoting ntek a few days before the paid pr's went out.
Safe to say NTEK needs new buyers to dilute.
Fairly desperate attempt to create more ntek buyers.
We all know they have to dilute/sell but they want to do it at a higher PPS to get more money and they don't want to tank this under a penny. Hence the paid promotions to bring in the new buyers.
Next week im sure NTEK will have anyone buying at these levels diluted into the red.
They need a lot fresh buys to support the PPS or the next round of dilution takes this under a penny.
It makes sense when you realize the Interstellar acquisition was about all pumping stock to sell. They obviously paid big money for the rights to have interstellar on ultraflix but there's not enough active users/people willing to pay $10 for a streamed movie rental for ntek to make money here.
NTEK needs people to buy their stock so they can dilute at a higher PPS.
Thats what this company is all about, creating a narrative and selling stock to gullible investors.
Dilution will ramp up again any day. They are trying to avoid diluting this sub penny but they won't have a choice much longer.
NTEK has 3 ways forward
Raise the A/S again
Do a R/S
Declare bankruptcy and close up shop.
This will eventually go sub penny possibly even this week.. the PPS can't hold up against the dilution. Once all those 400m shares hit the market it'll be lucky to hold half a penny and ntek will be needing another raise.
Buying ntek is throwing money into the bottomless void of dilution.
400m new shares gotta go.
Buy Ntek and get diluted red.
no Dave foley for a while and Pete the ceo is Missing in action
There's a track record of diluting shareholder value here.
400m just added to the A/S. Foley needs people to buy NTEK.
What happened to .25 by Christmas and Audits?