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DangFool poses some very good and valid questions. I'm likely going to triple my position by the end of the month on the premise that the individuals assembled to lead NTEK and the companies that have chosen to partner, work with, and be named with NTEK are completely valid and re-assuring. Re-assuring of what? That this is not some elaborate scheme to dupe shareholders and NTEK has obviously decided not to detail every little thing they've been doing in PR's to the shareholders i.e. the 3 known OEM deals. This IMO is why many have gone to great lengths to discredit individuals in the NTEK hierarchy, and to some extent their partners, because questions like the ones DangFool brings up are largely unanswered. Will they be answered, maybe, maybe not. It's entirely plausible that once dividends hit and NP-1 is rolled out that the announcements coming out of NTEK may drive the PPS up so quickly and significantly, no one will be asking these questions any longer and will be trying to join the chase. I'm making a calculated choice to get into the race before the chase begins.
That is the big question now isn't it? I do know only one of us is going to like the answer as to it's "existence", and by existence I assume you mean it's distribution because it's existed for weeks now since CES and is currently being shown by a 9.14 Billion $ market cap company Akamai at the show in S. Korea. Their silence right now is annoying, but I'm still buying because I believe in a few short months these prices will look like gifts. If I were you I'd jump on board, just don't tell anyone so you can go back to shorting later.
15th post of the day - out.
That gives folks to Wednesday 3/26 to buy so funds settle in time for the audit of shares right?
Nuvola can effectively enable anyone with a 3 Mbps or greater pipe to stream 4K content to their Ultra HD TV.
**** CEO Takes Dead Aim At Naked Short Sellers - Main Street Cheers
Aug. 20, 2013 6:04 AM ET | 51 comments | About: Bxxx, Includes: Axxx, Vxx
http://seekingalpha.com/article/1645772-biolase-ceo-takes-dead-aim-at-naked-short-sellers-main-street-cheers
Federico Pignatelli, Chairman and CEO of ***** Inc. (B***) called out naked short sellers and short-sellers attempting to manipulate shares of BI*** August 19th, in a candid press release. In short Mr. Pignatelli disclosed that B**** will continue to issue stock dividends on a periodic basis to reward long-term shareholders and thwart the naked short selling of Bi*** stock.
"It is widely known in the stock market that shorting and illegal naked shorting are often used to manipulate stocks and cause unjust enrichment of ruthless speculators. I advise management of all small cap companies that are subject to attacks from naked short sellers to uncover such illegal activities and protect their shareholders by issuing stock dividends on a quarterly, or even monthly, basis. This practice results in an automatic audit of issued and outstanding shares and help to keep away naked short sellers."
How exactly does this work? Here's how... When a company issues a stock dividend there must be an audit of all issued and outstanding shares to determine who to issue the stock dividend to and how much stock to issue to them. A legal short seller borrows shares and sells those shares onto the open market and until they buy them back (cover) and return them to the lender they are responsible for interest, margin requirements and any dividend payments (be it monetary or shares of stock) owed to the lender. Naked short selling is short selling a stock without first arranging a borrow. If the stock is in short supply, finding shares to borrow can be difficult.
If a company declares a stock dividend both the naked short seller and the short seller are on the hook to deliver those shares to the lender. This forces the short seller to "buy to cover" so they can return the shares to the lender. Couple this with the typical price appreciation of a dividend announcement and the fact that short sellers can get caught in a stampede that is self perpetuating because all of the short sellers try to "buy and cover" or exit at once. This phenomena is known as a "short squeeze" and drives the share price higher as shorts rush to the exits to close out part or all of their positions or at least whatever is required to satisfy the stock dividend requirement. Stocks with a high percentage of the float sold short are particularly susceptible to this phenomena.
Naked shorting can also effectively be accomplished via an illegal option strategy abusing the market maker exemption for short sales called a "reverse conversion". The SEC has caught onto this scheme and recently put out a "Risk Alert" detailing how to identify this activity but few think this "risk alert" will amount to any additional enforcement. The net result of illegal reverse conversions is a flood of fake shares that the short seller pours onto the open market in an attempt to quash rallies or stifle the stock price. These option pirates would be affected, just like a naked short seller, by a company issuing a stock dividend.
Below are two more of examples of highly shorted high profile stocks that could create shockwaves and significant stress on short sellers if they announced a stock dividend.
Vxxx (xxx) - With over 35% of the float short an announcement of a stock dividend could cause significant short covering. The company is obviously aware of this activity based on the most recent 10Q(pg 25):
"In addition, we believe there has been and may continue to be substantial off-market transactions in derivatives of our stock, including short selling activity or related similar activities, which are beyond our control and which may be beyond the full control of the SEC and Financial Institutions Regulatory Authority ("FINRA"). While SEC and FINRA rules prohibit some forms of short selling and other activities that may result in stock price manipulation, such activity may nonetheless occur without detection or enforcement. We have held conversations with regulators concerning trading activity in our stock; however, there can be no assurance that should there be any illegal manipulation in the trading of our stock it will be detected, prosecuted or successfully eradicated. Significant short selling or other types of market manipulation could cause our stock trading price to decline, to become more volatile, or both."
As a result of the 2010 Microxxxx lawsuit settlement, xxxxxx announced a $.50 special cash dividend on June 15th, 2010, with a stock price below $6 per share, payable to stock holders of record on July 15th, 2010 and by October 29th the shares traded at $18.55. Is the 300% increase in share price solely attributable to the special cash dividend? Probably not but it certainly caused many short sellers to cover their positions due to the increased carrying costs by "payments in lieu of dividends".
Axxxx Pharmaceuticals (xxxx) - With over 30% of the float short and the recent launch of its flagship obesity drug Belviq the issuance of a stock dividend by Axxxx could cause significant short covering. From the latest Axxxx 10Q:
"From time to time, there is a large short interest in our stock. These holders of such stock or positions may seek control of us, support transactions that we or you do not believe are favorable, and have interests that are different from yours. In addition, sales of a large number of shares of our stock by these large stockholders or other stockholders within a short period of time could adversely affect our stock price."
Abusive naked short selling has been well documented in the case of Axxxx - including complaints to the SEC.
Of course companies still need a solid business, sales, technology, or proof of concept to remain viable - at the end of the day that is the best way to thwart naked short selling - issuing a stock dividend will not change this fact. However when the SEC is not able or willing or capable to make a concerted effort to stop the illegal naked short selling with the intent of tanking of publicly traded stocks - it is refreshing to see a CEO (and board of directors) come out and stand up for the common shareholders by issuing a stock dividend! Way to go Mr. Pignatelli! Main Street applauds the effort!
Additional disclosure: This article is informational and intended to spur thought and discussion. This article is NOT a substitute for your own extensive due diligence and does NOT qualify as investment advice. DO NOT BUY OR SELL STOCKS BASED ON THIS ARTICLE. I do not short stocks nor do I invest in options.
It will hopefully be trivial. As a side note, did you notice we already have one "show me proof of dividend via sec filing" post already? be ready for variations on the same theme.
I've already stated I'm not selling and you misunderstood my post. Search the past 60 days of PR's from MRIB and you'll see that they have not released any PR's except today's that weren't Money TV related. I understand the psychology of attacking any negative posts to preserve a stock you are obviously long in. I'm not being negative, only stating the facts. I find today's PR extremely positive and am looking forward to their future PR's regarding the details of their distributions.
Yes, a full trading day after license approval. They stated they have multiple PR's ready to go minutes after approval.
The "real shareholders here". I find that somewhat patronizing and insulting. This is a essentially a startup company again in the pink sheets. I'm a shareholder and want to see proof of distribution, no apology. I don't mean it as an insult to Marani, but if they want to instill confidence in their shareholders and increase the value of their stock, then definitely don't state 48-72 hours, and keep silent after the time has expired. I haven't sold my stock in Marani because I'm willing to give them a day or two after the expired 72 hours to communicate with shareholders, as a reasonable person likely would. I'm glad to see they know how to put out a PR that's not tied to MoneyTV, it's been at least 60 days since they've done that.
Yes, be prepared now for SEC, FINRA filing posts regarding Dividends to start surfacing from posters who don't think Divi's will ever happen here. If MRIB were smart, they'd go for the kill here and release proof and details of their domestic distribution by the end of the week. It'd be the equivalent of keeping your foot on your opponents throat, give it a little twist and extra weight to ensure the upward momentum of the pps.
This is what I sent Marani asking them to do the same:
http://seekingalpha.com/article/1645772-biolase-ceo-takes-dead-aim-at-naked-short-sellers-main-street-cheers
Biolase CEO Takes Dead Aim At Naked Short Sellers - Main Street Cheers
Aug. 20, 2013 6:04 AM ET | 51 comments | About: BIOL, Includes: ARNA, VHC
Federico Pignatelli, Chairman and CEO of Biolase Inc. (BIOL) called out naked short sellers and short-sellers attempting to manipulate shares of BIOL August 19th, in a candid press release. In short Mr. Pignatelli disclosed that Biolase will continue to issue stock dividends on a periodic basis to reward long-term shareholders and thwart the naked short selling of Biolase stock.
"It is widely known in the stock market that shorting and illegal naked shorting are often used to manipulate stocks and cause unjust enrichment of ruthless speculators. I advise management of all small cap companies that are subject to attacks from naked short sellers to uncover such illegal activities and protect their shareholders by issuing stock dividends on a quarterly, or even monthly, basis. This practice results in an automatic audit of issued and outstanding shares and help to keep away naked short sellers."
How exactly does this work? Here's how... When a company issues a stock dividend there must be an audit of all issued and outstanding shares to determine who to issue the stock dividend to and how much stock to issue to them. A legal short seller borrows shares and sells those shares onto the open market and until they buy them back (cover) and return them to the lender they are responsible for interest, margin requirements and any dividend payments (be it monetary or shares of stock) owed to the lender. Naked short selling is short selling a stock without first arranging a borrow. If the stock is in short supply, finding shares to borrow can be difficult.
If a company declares a stock dividend both the naked short seller and the short seller are on the hook to deliver those shares to the lender. This forces the short seller to "buy to cover" so they can return the shares to the lender. Couple this with the typical price appreciation of a dividend announcement and the fact that short sellers can get caught in a stampede that is self perpetuating because all of the short sellers try to "buy and cover" or exit at once. This phenomena is known as a "short squeeze" and drives the share price higher as shorts rush to the exits to close out part or all of their positions or at least whatever is required to satisfy the stock dividend requirement. Stocks with a high percentage of the float sold short are particularly susceptible to this phenomena.
Naked shorting can also effectively be accomplished via an illegal option strategy abusing the market maker exemption for short sales called a "reverse conversion". The SEC has caught onto this scheme and recently put out a "Risk Alert" detailing how to identify this activity but few think this "risk alert" will amount to any additional enforcement. The net result of illegal reverse conversions is a flood of fake shares that the short seller pours onto the open market in an attempt to quash rallies or stifle the stock price. These option pirates would be affected, just like a naked short seller, by a company issuing a stock dividend.
Below are two more of examples of highly shorted high profile stocks that could create shockwaves and significant stress on short sellers if they announced a stock dividend.
VirnetX (VHC) - With over 35% of the float short an announcement of a stock dividend could cause significant short covering. The company is obviously aware of this activity based on the most recent 10Q(pg 25):
"In addition, we believe there has been and may continue to be substantial off-market transactions in derivatives of our stock, including short selling activity or related similar activities, which are beyond our control and which may be beyond the full control of the SEC and Financial Institutions Regulatory Authority ("FINRA"). While SEC and FINRA rules prohibit some forms of short selling and other activities that may result in stock price manipulation, such activity may nonetheless occur without detection or enforcement. We have held conversations with regulators concerning trading activity in our stock; however, there can be no assurance that should there be any illegal manipulation in the trading of our stock it will be detected, prosecuted or successfully eradicated. Significant short selling or other types of market manipulation could cause our stock trading price to decline, to become more volatile, or both."
As a result of the 2010 Microsoft lawsuit settlement, VirnetX announced a $.50 special cash dividend on June 15th, 2010, with a stock price below $6 per share, payable to stock holders of record on July 15th, 2010 and by October 29th the shares traded at $18.55. Is the 300% increase in share price solely attributable to the special cash dividend? Probably not but it certainly caused many short sellers to cover their positions due to the increased carrying costs by "payments in lieu of dividends".
Arena Pharmaceuticals (ARNA) - With over 30% of the float short and the recent launch of its flagship obesity drug Belviq the issuance of a stock dividend by Arena could cause significant short covering. From the latest Arena 10Q:
"From time to time, there is a large short interest in our stock. These holders of such stock or positions may seek control of us, support transactions that we or you do not believe are favorable, and have interests that are different from yours. In addition, sales of a large number of shares of our stock by these large stockholders or other stockholders within a short period of time could adversely affect our stock price."
Abusive naked short selling has been well documented in the case of Arena - including complaints to the SEC.
Of course companies still need a solid business, sales, technology, or proof of concept to remain viable - at the end of the day that is the best way to thwart naked short selling - issuing a stock dividend will not change this fact. However when the SEC is not able or willing or capable to make a concerted effort to stop the illegal naked short selling with the intent of tanking of publicly traded stocks - it is refreshing to see a CEO (and board of directors) come out and stand up for the common shareholders by issuing a stock dividend! Way to go Mr. Pignatelli! Main Street applauds the effort!
Additional disclosure: This article is informational and intended to spur thought and discussion. This article is NOT a substitute for your own extensive due diligence and does NOT qualify as investment advice. DO NOT BUY OR SELL STOCKS BASED ON THIS ARTICLE. I do not short stocks nor do I invest in options.
That's HUGE!! I emailed them a few weeks ago and gave them a link describing the benefits of adding small dividends to OTC stocks. Not saying they acted off my advise but that is HUUUUUGGGE.
Bingo!
You answered your own question. It's the reality until proof of domestic distribution is discovered and Marani gives details and proof of existing contract rollout is disseminated. I'm hopeful but also suspicious simply because I value my investment. I'm betting they come through, because if they do it'll pay off literally, but I'm ready to sell at a moments notice. Good luck.
News like this makes the np-1 delay a bit less "trying" for now. A 9.14 bill market cap company like Akamai isn't going to touch a player that is a "scam" or non existent. This is extremely positive.
Akamai on the np-1:
“The Nuvola player’s ability to stream 4K content complements the Akamai Intelligent Network’s ability to deliver content at this ultra-high quality level,” said Will Law, principal architect, media engineering, Akamai. "In providing an end-point for streaming delivery, it offers a more flexible alternative to store-and-forward download solutions while the Android operating system simplifies player development and the small form factor facilitates deployment. We expect the Nuvola to accelerate residential 4K adoption.”
I guess the 4k world is starting to figure out that the np-1 is the only 4k streaming solution out there. Sony's download and play solution - fail.
NanoTech’s Nuvola NP-1 4K Streaming Media Player Demonstrated with Akamai Media & Delivery Solutions at NAB 2014
Affordable Solution Consistently and Reliably Delivers Four Times the Resolution of Full HD
Akamai NAB Booth SL4525--NanoTech Entertainment (OTCPINK: NTEK), a leader in the deployment and delivery of 4K Ultra HD, announced today that its award-winning Nuvola NP-1™ consumer 4K streaming media player will be a player component at the Akamai NAB Booth SL4525 in Las Vegas April 7-10. Akamai Technologies, Inc., the leading provider of cloud services for delivering, optimizing and securing online content and business applications, will feature the Nuvola player in its 4K streaming demonstration.
Using advanced technologies, Akamai and NanoTech will demonstrate how 4K content can be uploaded to Akamai’s global content delivery network (CDN) and streamed to a consumer’s Ultra HD TV using NanoTech’s Nuvola NP-1 4K streaming media player. The result is a compelling solution for broadcasters and other content owners who want to provide their customers with the 4K End-user Quality of Experience (QoE) they increasingly expect.
Akamai Media & Delivery Solutions are built upon the Akamai Intelligent Platform™ of over 147,000 globally distributed servers that deliver up to 30 percent of all Web traffic. By spreading content that would otherwise be concentrated in a few locations, Akamai offers improved network efficiency, greater security and attack protection, as well as better service quality for end users by providing continuous uptime and enabling faster access and download speeds.
The Nuvola NP-1 is a multifunction consumer device that can be used to decode a variety of video formats and resolutions including 4K Ultra HD, HD, SD and 3D movies. It can also be used to play state-of-the-art 3D video games. Based on the AndroidTM Operating System, the Nuvola provides fast, easy website access as well as access to thousands of video games and applications from NVIDIA® Tegra® Zone and the Google PlayTM Store.
“The Nuvola player’s ability to stream 4K content complements the Akamai Intelligent Network’s ability to deliver content at this ultra-high quality level,” said Will Law, principal architect, media engineering, Akamai. "In providing an end-point for streaming delivery, it offers a more flexible alternative to store-and-forward download solutions while the Android operating system simplifies player development and the small form factor facilitates deployment. We expect the Nuvola to accelerate residential 4K adoption.”
Availability, Pricing
Nuvola NP-1, the world’s first consumer streaming media player that supports 4K Ultra HD content, is currently in production and will be available for new customers this quarter for $299. For more information on the Nuvola 4K streaming media players, call 1.408.414.7355, email info@nanotechent.com or visit http://www.nuvola4k.com.
About NanoTech Entertainment
Headquartered in San Jose, CA NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With six technology business units, focusing on 3D, Gaming, Media & IPTV, Mobile Apps, and Manufacturing, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. NanoTech Media develops proprietary technology which it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Media Technology includes the world's first 4K Ultra HD streaming solution. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. Clear Memories is the global leader in 3D ice carving and manufacturing technology. 4K Studios creates digital 4K Ultra HD content using both licensed materials as well as original productions. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at www.NanoTechEnt.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
The NanoTech Entertainment logo, UltraFlix and Nuvola NP-1 are trademarks of NanoTech Entertainment. All rights reserved. All other marks are the property of their respective owners.
Agency Contact:
Andy Marken, 408-986-0100
Andy@Markencom.com
or
Investor Contact:
NanoTech Entertainment
Christian Hansen, 858-381-4677
chhansen@nanotechent.com
What exactly is the nature of this partnership? Does it mean ntek will have their own gaming channel for Nuvolas like ultraflix 4k only on Nuvolas? Just popped in sorry if answered.
God I hope not.
I know they said it was happening Friday, I'd like confirmation. Hopefully Taber is correct and they will update us this week.
Has anyone confirmed domestic distribution is actually happening?
This is excellent news, source on the $1 pps?
We've seen it run in anticipation of news last week, now the burden of proof is squarely on mrib's shoulders. Are you making good on what you said regarding rollout and contracts or not? Prove it at the very least and we will get moving again. Stay silent or say nothing new and watch this drop.
I don't think things will change if we don't begin to at the very least get confirmations of product on the shelves domestically. If they remain silent with no confirmations of domestic rollout especially since they stated 48 hours after license approval, this will tank. I think it's likely there will be news before this happens. Not bashing, just living in reality.
Well said. I would like to think they were not intentionally misleading investors at the time they released dates, it would be good of them to at least acknowledge the delays and let us know they will explain at the right time pending whatever they may be working on. Anyone who argues with you is not living in reality. You can still be a pro ntek shareholder and recognize the discrepancies for what they are.
You were saying this last week. As long as this goes up on low volume and no news as it has last week and yesterday that's positive but won't sustain without a decent pr update to back the move up in pps.
I know money tv is the only way they've released info, not sure about Thursday into Friday pattern but sounds right. If they keep quiet until next week Friday this is going to be an interesting ride to say the least.
Yes, I would like to think so. Is MRIB currently just Margrit, Ani and Dan right now? Who does the grunt work (load trucks, warehouse work, etc ?) I don't know how they have time for anything right now given their contract obligations and domestic rollout. I think it's make or break time for them right now and they under a lot of pressure to give themselves some financial breathing room by being successful these first few quarters following license approval. I have no doubt they want the company to succeed just as much as the rest of us. Crucial times indeed.
No, what will affect the pps negatively is silence on MRIB's end. You saw it end of last week when they said they had multiple pr's lined up minutes after license approval and then said nothing new in their video and pr. People are excited about mrib but also want to know they are in fact following through their domestic distribution and other contracts. I want to see what cards they're holding before pulling out. Rehash old pr's and this thing tanks. Give us new news and we soar. It's a pink sheet, roll the dice.
Don't rely in closed market ask bid prices, they will change in the 15 minutes prior to market open.
Well that's just it isn't it? If JF knows they just inked an oem deal with amazon wouldn't you be loading too? Hate not knowing for sure, their silence is a test of patience.
As best I can tell, NTEK uses Amazon Web Services to post their product manuals, and possibly they run their website from the amazon cloud. Can't tell for sure from my cell phone, may be easily ascertained from a their web page coding. If you go to their pinball wizard product they posted the manual, and the URL shows an amazon aws URL. Outside of that I don't think we know anything more about their relationship with ntek. As a side note they created a tab on the np-1 page showing manual, drivers etc coming soon.
IR won't comment on any OEM relationships (not allowed as I understand it) but they do confirm a relationship with Amazon. When I ask if this is new news or old news, the response I got was "no news". I assume that's because we already know about the Amazon Web Services media partner listing. I replied for clarification. IR is also referring most questions back to their recent shareholder letter. If they aren't going to answer questions about their development they should shut IR down and just tell everyone that their shareholder letter(s) is what you get, don't ask questions. It'd save them time.
Likely scenario. If you look back at their q4 report they list 2 entities receiving shares as payment of debt.
I like you..
Niko what relationship does ntek currently have with Amazon that we know of?
It certainly is a possibility. I'm more of a realist, either what you said is true or false. If false, then it's a lie. I do hold however a personal belief that the company will deliver sooner or later and am willing to forgive a company just out of R&D, especially if they've been mum-balls on an oem relationship with Amazon or something like that to cause the NP-1 delays. Good luck to you as well.
Ok, I'm agreeing with you twice now. Does that make me a b***er? I have hung on to shares for many months now so whatever that makes me..whatever.
It is a debacle but I'm betting (literally) that they have a very good reason for the delay's - reasons that equate to $ for shareholders. They also have a slew of other divisions bringing in revenues which cushions the potential blow that they really may not have had a reason for the debacle other than they needed to buy time to get it together. I'm of the opinion that there's a big announcement coming that only one of us is going to like. I'm planning to continue adding.
It will run on a modified version of Google’s Android operating system and offer apps for other video sites.
If you search the past 60 days of mrib pr's they are all tied to money TV. So, unless they have taped another interview, I am not expecting anything from them although Taber has been spot on with his predictions of pr's to this point and has said they may have 2 pr's this week.