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Lumb is learning that the hard way today, isn't he? How stupid did he think people are to try the same scam for the 3rd time in 5 years?
It's not a lie, it's right there in the filings. It's also explained in the 2008/2009 PR's from FFGO and HGLC when Stephen Lumb and his group of scammers tried the identical buyback scheme there.
They don't have to wait but it doesn't matter, they cancelled the retail buyback last week.
Lumb takes no prisoners, that's for sure!
LOL, 75 million just dumped. Nope, no scam here.
$40 so far at $.0001! Whheeeee! Lumb is going to be rich!
400 million @ .0000 is how much Lumb printed them up for last week..
That site was a sugarcane mill for about 100 years before any environmental laws existed in the US.
I suggest doing about 90 seconds of research on the environmental impacts of sugarcane processing........
Then search the LA DEQ: http://www.deq.louisiana.gov/portal/ONLINESERVICES/EnvironmentalDataCenterLEDC.aspx
(Hint) I've lived here for 40 years and know quite a bit about RRLB/IFUS's "property". I'm willing to bet that I've spent more time on that piece of land than all of this company's CEO's combined.
I'll ask again: whose idea was the Medical Research Facility? Was it the boot brothers or was it Walther?
I'm positive. The buybacks he promised before in his other related scams played out the same way. The people you are arguing with here right now were there for those too.
Keep dreaming this hits steady 2 or 3s say goodbye to the buyback lol
The retail buyback was cancelled last week. Stephen Lumb already said goodbye to it.
No, just Stephen Lumb. Ask him, he's posting here too.
Here are two. In both cases he ended up buying paper back from St James Capital, his own company (which shareholders didn't find out for several months). You may even recognize the same worthless mining assets now being used in the present-day GNCP scam:
HGLC Lumb buyback scam:
http://dreamteamnetwork.com/blog/hunt-gold-corp-hglcpk/hunt-gold-corp-hglcpk-proposes-a-stock-repurchase-program
http://www.stockenews.com/NewsStory.aspx?ID=75843
FFGO Lumb buyback scam:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.iS55n.CZPk
http://www.reuters.com/article/2008/06/12/idUS169618+12-Jun-2008+MW20080612
No it's very clear. Here's the full paragraph explaining that there will be no market buyback:
The Company has terminated its previous policy of remuneration through the use of “Free Trading” shares of Common Stock and with immediate effect. With the Company’s Directors having authorized a Stock Repurchase Program of up to $750,000 on January 13, 2014 and amended on September 26, 2014; the Company’s Management believes that it is illogical to expend any sums of monies on any future stock repurchases, in the market, from either Loan Term Convertible Loan Note Holders or from any other third parties that have directly or indirectly contracted with the Company and/or its subsidiary companies.
The Company is absolutely committed to its stated Stock Repurchase Program of up to $750,000.
The Company was highlighting that it was cancelling up to 29% of its outstanding shares of Common Stock and revising existing agreements to prevent additional shares of Common Stock from entering the “Free Float”.
The statement that, “The Company’s Management believes that it is illogical to expend any sums of monies on any future stock repurchases, in the market, from either Loan Term Convertible Loan Note Holders or from any other third parties that have directly or indirectly contracted with the Company and/or its subsidiary companies.”;
Meant That:
The Company was solely interested in repurchasing shares of its Common Stock in the market from Sellers other than Loan Term Convertible Loan Note Holders or from any other third parties that have directly or indirectly contracted with the Company and/or its subsidiary companies.
What are they waiting for again? Wasn't it the CUSIP change?
GNCP cancelled the market buyback last week. Lumb isn't fooling anyone this time. It's hilarious!
Who's to say that isn't a NTEK insider posting those pictures
That's exactly what has happened.
No, Lumb just couldn't wait any longer. His silly buyback pump has failed.
The medical research facility was an absolute attempt to pump-and-dump. The Supreme Energy site is an ecological disaster.
Anything to distance themselves from the 1+ years of NP-1 lies. Hopefully nobody notices they aren't in stores this Christmas when they were promised for last Christmas.
Long-time supporter of this stock won't buy $.0002's. That says it all.
But nobody can download it from Samsung. A developer can install it on his TV for testing though.
Where'd those pics come from? Were the app developers paid in stock?
I have the same TV and it isn't there. No firmware update is available and nothing from Ultraflix or NTEK is available for download.
They're just begging to get this ticker suspended.
Until it's clear. Lumb never does that though.
Those TV's display still images too, right? Mine does. The lengths people go to further this scam are amazing.
Your source retracted his claim a few hours ago.
Come on everybody! Slap those $.0002's!!! LOLOL!!!
So you are saying you developed your own 4K streaming App and pushed it through to all Samsung TVs without their knowledge right?
No and neither has NTEK. The difference being that I didn't issue a PR yesterday lying about doing it!
The NTEK promoter who dreamed up this pump is a moron. So easily disproved as another lie in a very long string of them from this company.
I've been following Stephen Lumb's various buyout scams for a decade. Perhaps you should read a few of those and see how they turned out. All silly scams.
But by all means slap that ask! No one else is. :)
Those reports have been discredited as BS. Again.
Wow, so you are saying that Samsung is allowing someone else to access their system to push an App through right? lolzzzz
Actually, yes! ANYONE can download the Samsung SDK for free and Samsung will "Feature" their app:
http://www.samsungdforum.com/Support/Overview
That's what made yesterday's PR such a joke. I agreed to the EULA when I downloaded the SDK, does that mean I just signed an agreement with Samsung too? LOLOL!!!!
Exactly. Instead of buying on the market, Lumb is buying freshly printed paper from himself for $750k. The EXACT same scam he's pulled several times in the past 10 years. Except he's failed miserably this time.
That "clarification" only added to the confusion! Typical Lumb! Nowhere in that "clarification" does it say that the market buyback is still on, only what would happen if it were.
Why not clear up the confusion?
Samsung has made no statement. Hasn't NTEK's credibility been damaged enough by make-believe?
Why did NTEK allow a PR that would be proven false in 24 hours?
"The Company’s Management believes that it is illogical to expend any sums of monies on any future stock repurchases, in the market"
http://ih.advfn.com/p.php?pid=nmona&article=64435010
Others with Samsung Smart TV's have already reported the firmware update including Ultraflix.
They are clearly lying. Believing stock promoters is what got people in this mess to begin with. Samsung has not released any firmware updates for their UHD sets since Nov 7.
They cancelled it the day before. Lumb is explaining what would have happened if he actually did buy back shares from the market if he hadn't cancelled it the day before.
Ask yourself why they are allowing the confusion to remain instead of a clear explanation?
Stephen Lumb has truly made a fool of himself this time.
What's the status of the Seneca settlement and the potential of tens of millions more shares going to him soon?
Exactly. The market buyback was cancelled last week.
When will the NTEK app be available from Samsung? Why did they say today?