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Box office receipts mean little when addressing NTEK's future income. Just the example of Interstellar alone with the remarkable loss NTEK sustained with this box-office hit is quite telling in itself. And where are the certified 4K NTEK used to put by their premium content. A rather glaring omission with the Paramount releases. Supports the belief that the new material is just up-conversions of HD source not true 4K. My 4K set does it automatically for free as does my AV receiver and my Oppo Blu-ray player. Care to prove otherwise? TIA
I've been following this stock for quite awhile now. IMO it is clearly a scam and I am on record of saying the same. The founder is on record of lying multiple times. We even have his email stating 15,000 np-1s already shipped to retail and we know that was clearly a lie among so many more. The FACT that part of his conviction requires mandatory psychological counseling for three years after he gets out of jail is very telling indeed as it is unusual. The FACT that shareholders have been promised audited financials for years and then never get delivered is telling in itself. Even NGTL was promised to have audited financials right after the SHM and still nothing. The promise of no increase in A/S then immediately three huge increase is laughable. The fact that the SEC hasn't halted this stock is no surprise it's a Government org. and slow to do anything, but sadly among Gov. organizations it stand out as a joke. Completely inept and essentially impotent. All one has to do is look at what happened with Madoff whereas they were informed of wrong doing what 8 years before and they still dropped the ball and people and organizations lost $50 billion. What a joke it truly is. Then again in truth it's an old boys club too. They made an example of Martha Stewart over a 100 grand when she was worth well over a billion and it was pocket change to her but put her in jail at the same time others were trading and making literally millions on insider information and nothing done. Then let's not forget the literally trillion that was robbed from the public in the mortgage debacle and did anyone ever go to jail for that? How often does one hear of a case of fraud and/or insider trading coming from the SEC at the same time it's essentially going on daily in the market. So don't expect much from the SEC and clearly the scammers know this so they continue their activities knowing full well they're free to do so with little downside.
Well at least they have a template to use.
Didn't their shell scam NTGL have a 3000:1 R/S before NTEK took over?
Why speak to IR whose job is to lie to get investor interested in buying shares. Why not go right to Management and see what they said at the SHM and SHL. Let's see now, last time they spoke they stated they were profitable and needed no increase in A/S. Then less than two months later increased the A/S by 400 million stating they needed capital to keep operational. Either this is a share selling scam or they have the absolute worst management incapable of making even an accurate short term financial forecast.
I guess the paid promos have some effect. If NTEK was legit they wouldn't have to rely on pumping companies to increase the PPS. Of course if they had audited financials that would certainly help but after promising year after year at SHMs and in SHLs still haven't delivered. They can't even deliver on NTGL's audits promised out last month and that shell has no sales at all.
It is a joke and this is yet another penny stock scam. It ran in the past on BS to $1.50 then back down to triple zeros. I bet they were hoping for people to buy into the bogus financing this time for a similar ride but didn't work out as well.
Read the disclaimer. Paid $3000 for a two day pump of NTEK. It's funny how NTEK has never paid for real advertisements like a legitimate company would only fake pumps to push their stock.
Fools gold. Nothing but a shell scam owned by the bigger scam NTEK. Nothing ever going to happen here except bag holders sadly.
Absolutely correct.
That's OK, because it will be denied until it happens then all the naysayers will post a new spin how wonderful it is as usual. Like absolutely assuring everyone there would be audited financials before the end of last year and even promising to leave if there weren't.
About the only thing of merit in that PR is the safe harbor warning at the end.
Sadly this baby is stillborn. My sympathy.
That it is only an application has been already addressed but they'll do anything to fool the unsuspecting so keep on bringing it up as if a revelation. Feel sorry for those buying today because they'll be bagholders soon enough.
Just like there was no 60,000 np-1s or audited financials year after year or share buybacks last year or on Sony and one button on Hisense remote or shares of NTGL given to NTEK shareholders or audits of NTGL promised last month or no increase of A/S stated in SHL earlier this year.
I've been watching this stock peripherally for months now. It is like any number of scam penny stocks. Promising the latest and greatest yet only thing going on is the selling of shares. I've known people in the big investment houses who are analyst that have forgotten more on energy stocks than most people here know. They've been to the best schools with Oxford grants etc., and have encyclopedic knowledge of this field yet don't see them showing any interest whatsoever. I followed a penny stock that sold pocketbooks then six months later supposedly high tech. blood diagnostics. I warned people the absurdity of it but they called me a basher etc., well the SEC halted the stock and indicted a dozen people related to the scam. Would you believe there are still people who write on the board waiting for the stock to sell again and how it was only a few bad apples and the tech. was there. Amazing! Didn't this stock go from $1.50 to well under a penny. That is telling in itself. Expect multiple PRs with plenty of promises and huge contracts but don't expect anything to come to fruition.
If I recall correctly initially after making his brother the CEO without any tech. experience or college for that matter, NTEK was paying him 5 figures monthly to rent the building. Then again didn't NTEK buy his Ice Sculpting business first so why pay for rent? Hell, this is NTEK so family first. Didn't another family member get 25 million shares while he was still fully employed at an electric company?
Sorry, you got me confused with someone else. I've never invested in a penny stock. Just giving my opinion here periodically. I don't write here much anymore.
According to these unaudited financials they made 2.5 million with a gross profit of 2 million Q3 of 2014. How's that possible? They had complete garbage plus no one even heard of UF. They state made another 2.3 million Q4 of 2014. Even if it were remotely true which is laughable why would they dilute the stock over half a billion if they had all this money coming in? Notice how for years now and in multiple SHLs and at the SHM promised audited financials. Even mentioned last year how all the divisions were being worked on. Notice how they don't talk about audits anymore regarding NTEK just the other shell NGTL which has no sales and would be easy to audit but even that promise is already past due. NTEK is a penny stock form 15 dream with plenty of bag holders.
Funny for the last two years the exact same statements; everyone excited, huge interest etc. Yet, not a single unit has ever sold only the yearly BS how everyone was interested at the convention. Of course there are literally hundreds of other vendors with huge pockets and much greater talent there but people only interested in the shell scam NTGL.
Amazing how low the bar is set here. NTEK is golden still selling for a penny?! Where's the audits and the share buyback that were promised?
This is sadly true and a point many ignore. Last year on several occasions investors were told actively working on audits of all their divisions and would be done shortly yet still nothing. Even at last year's SHM told audits would be done as well as share-buybacks; notice only massive dilution occurred just the opposite. I believe last Sept. a letter to shareholders stated audits forthcoming then 2 weeks later unaudited financials arrived. As long as this is a form 15 unaudited penny stock no one will take it seriously except those holding the bag and dreaming of fantasy wealth.
Maybe they'll buy an award again and PR that as if it was real.
Last two years same huge news at G2E and yet isn't it true that not a single unit has ever been sold. All hype no substance.
Still finding Sony marketing UF at Costco?!!
What is completely false is stating that Sony is promoting UF at Costco and Costco doesn't even sell Sony TVs. Fact is the O/S is increasing and the PPS is decreasing.
"What is a Fact is that Sony is promoting Ultraflix all over BB and Costco"
Oops, Costco doesn't even sell Sony TV sets. Oh well let's keep on making up more bogus statements and stating they're facts.
Let's look further down the same review at member's responses about UF.
Ten Bucks Rental
No Atmos or DTS:X sound (Lamenting 5.1 sound is just the beginning of that weep-fest)
An app for some model of television or the other
Are they trying to kill this while it's still in the crib? If people hear about this, they are going to dismiss it out of hand as a truly desperate money grab, which it is.
In this day and age - ten bucks - for a rental. In stereo. What were they thinking...that this would be popular?
Oops, $900. My bad. Still of little import IMO.
So you spent a hundred dollars and we're supposed to be impressed enough to think that this shell scam is real? Who cares.
According to that the president, secretary, treasurer and director of NTEK is 90 years old.
So twist the answer to try to deflect the truth that the lie that was stated by NTEK and here for months that Hisense would have a separate button on its remote for UF was indeed a lie. Secondly UF is an app. just like thousands of others on smart tvs to make it seem like its special and easily accessible or a featured app. is also a distortion. Lastly did the CEO promise a hundred new movies on UF by 7/25 and in fact did not deliver. Instead of uploading he just promised more movies. Why not upload the hundred movies and then say more to come? Of course this was the same CEO that stated no increase in the A/S and then within the month increased it by 250 million and then by hundreds of millions shortly after that. The only thing NTEK is king of is dilution.
Not on my Sony 4K and what happened to the big pump that Hisense was going to have a separate button on their remote for UF. Guess that BS didn't pan out so let's forget that along with the hundred films promised updated 6 days ago by the CEO. Let's not deliver and just make more promises.
What's to audit? This is a shell with no sales whatsoever. No one ever bought even one pinball machine anywhere. The only time you hear about this is when they go to conventions and they PR it up with the pictures of the same game and say big interest and promise big sales which neither has ever happened.
I remember after last year's SHM and all one has to do is look at this site. Everyone was excited about all the promises, "Booms" and "Wows" were everywhere. Audits were promised, share buybacks too. Well we all know what transpired since. It's amazing how the CEO promised just a few months back 100 new films and gave a deadline; it passes with nothing but another promise of even more movies and people bought the new BS. Just go back here and read about the audits coming soon and how they're working on all the divisions right from the leadership a year ago. No audits still and no mention of audits in the future for NTEK. Was at Costco yesterday looked at the 4K sets. No mention of UF anywhere. The boxes got pictures of everyone but. I believe just like last year that this is a share selling scam and NTEK will never ever see audited financials. The PPS is down 90 percent since I started posting here. I've never purchased shares of any penny because the vast majority are scams promising the world to sucker in investors. Best of luck to everyone and sorry for your loses but be careful here.
They promised that 100 movies would be uploaded by the 25th it's now the 28th, but let's forget that and pump the next lie of this penny stock scam.
Funny I go to BB, Costco and Sam's club and I've never seen the UF logo. What more, the staff in Magnolia at BB never heard of UF. That's why I urge all not to believe anyone here and go to BB and ask for themselves and they will learn the truth.
Wrong, that article proves how inconsequential ultraflix is. Notice they talk about a number of 4K media enablers; Netflix, Mgo, Amazon etc., but doesn't even mention UF the supposed world leader. I'm sorry many are bagholders but that doesn't change the fact that UF is nothing but a share diluting unaudited penny scam. If people would have listened to me last year they wouldn't be down 90% when I warned them.
Haven't been here for awhile. Look at the massive dilution. Can't imagine how anyone would think that this stock has any legitimacy. Let me guess still no audited financials. Wasn't that promised over and over again last year? Wasn't there an open letter to shareholders stating that working on all the division and soon would be finished and here we are July and silence.
Bad news shows this penny stock's not a scam? Really? Wow, some real intelligent penny stock insight. Not.