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wow some mm really doesn't want this thing to close green today
love how the ask jumps immediately back up to .0154 after the takedown, games
Love how they post the ask -.002 below the last and no one wants them. Lets go!!
Why the wall at .017 on above average vol? thoughts?
"One such company, NanoTech Entertainment, located in Hollywood, is in the process of updating its facilities, with a new 4K scanner at the top of the list. Expect this to be a growing trend in post houses, as companies such as NanoTech and its partner, SonicPool Post Production, look to keep stride with these tech advancements, while extending a guiding hand to the world of content produced before our switch to 4K." Feb 28, 2014.
http://www.redsharknews.com/post/item/1503-there-s-a-big-rush-towards-repurposing-content-for-4k
Ntek tweet re cord cutting:
http://bit.ly/1hDeOx6
OMG!! I am done. Answer is yes but this is heading nowhere. Lol, wow.
Oh I see, so you're implying that since the 2nd half of February data published by the sec hasn't yet been released that there hasn't been any significant fails from mid feb to now? Is that correct?
That's not what the sec data reveals.
Agreed. I'm anxious to see the ultraflix subscription structure as well. This thing is about to snowball into a revenue producing machine.
Ntek at 2014 sxsw film festival!! Content baby!! How excited will these film companies and producers be to partner with ntek 4k studios right before the np-1 is released to the masses and ultraflix online goes live? Great news!
MHL 3.0. People will be using their 4k smart phones to stream 4k to their uhd tv's. data $? Most will use their wi fi at home. The trend and info is widely available in recent tech reports online from the last big cell phone convention.
This is why those smarter than me here have been preaching "content is king" and have been so excited about ntek 4k studios and ultraflix. They all know that although np-1 is first market they will be gaining lots of peers in a short amount of time. NTEK has an excellent long term business plan.
I think Friday was not a very good day for legit mrib shorts. Hopefully the non-naked-shorting regular investor covered in time Friday to avoid big losses. Naked mm's likely don't care as there are no repercussions for selling air shares down here.
I don't make predictions on stocks especially pinks because you're almost always assured of being wrong most times.
With that being said, after Friday's action it's clear mrib is in a position to go big one way or another.
The longer we go into the 55-65 day period without license approval the more successful shorts will be at spreading fear and shaking weak hands. This is a mega risk reward time frame for shareholders. IMO it's likely the license gets approved and we are off to the moon as they say.
If I had to guess, the mm's who like to naked short otc stocks will likely find a loophole to continue their practice but the NTEK dividends will be a hard one to get around.
The National Securities Clearing Corporation (NSCC) processes OTC equity short transactions for its members. Among its members are the leading FNMA and FMCC OTC Market Makers that are, for example, listed below in order of the number of January trades of FNMA from greatest to least:
ATDF - AUTOMATED TRADING DESK FINANCE - 57,499,014 FNMA shares traded
NITE - Knight Capital Americas LLC
CDEL - Citadel Securities LLC
ARCA - Archipelago Trading Services
ETRF - G1 Execution Services, LLC.
CSTI - CANACCORD GENUITY INC.
BKMM - BNY MELLON CAPITAL MARKETS
MERQ - MERCATOR ASSOCIATES, LLC
STXG - Stockcross Financial Services
UBSS - UBS Securities LLC
CANT - Cantor, Fitzgerald & Co.
PUMA - Puma Capital, Llc
AEXG - ALTERNATIVE EXECUTION GROUP
BTIG - BTIG, LLC
GUGS - Guggenheim Securities, LLC
MAXM -Maxim Group LLC
VERT - The Vertical Trading Group
VNDM - Vandham Securities
RAJA - Raymond, James & Associates
WEED - Weeden and Co. Inc. 1,101,000
VFIN - vFinance Investments, Inc.
WABR - Wall Street Investor Services
TRAS - Tradition Asiel Securities In
RAFF - Rafferty Capital Markets, LLC
LAFC - R. F. Lafferty & Co., Inc.
LAMP - Lampost Capital, L.C. - 449,330 FNMA shares traded
Source: NSCC Member Directory - http://www.dtcc.com/client-center/nscc-directories.aspx
You might want to tell the SEC that who lists NTEK in the Reg Sho Threshold Listing:
http://www.sec.gov/foia/docs/failsdata.htm
Try scrolling to the bottom next time.
MRIB Significant Failures to Deliver as per SEC first half of February:
Looks like mm's like to cover before the weekends on this stock.
http://www.sec.gov/foia/docs/failsdata.htm
# shares in bold -
MONDAY - 20140203|56575N106|MRIB|4590|MARANI BRANDS INC COM STK (NV)|0.01
TUESDAY - 20140204|56575N106|MRIB|5390|MARANI BRANDS INC COM STK (NV)|.
THURSDAY - 20140206|56575N106|MRIB|37789|MARANI BRANDS INC COM STK (NV)|.
FRIDAY - 20140207|56575N106|MRIB|84|MARANI BRANDS INC COM STK (NV)|.
WEDNESDAY - 20140212|56575N106|MRIB|9500|MARANI BRANDS INC COM STK (NV)|.
THURSDAY - 20140213|56575N106|MRIB|57749|MARANI BRANDS INC COM STK (NV)|.
Effective 3/14/14:
http://www.dtcc.com/~/media/Files/Downloads/legal/rule-filings/2013/nscc/SR-NSCC-2013-13-approval-notice.ashx
The pdf to text conversion not perfect, please go to the above source for a "clean" copy.
SECURITIES AND EXCHANGE COMMISSION
Release No. 34-71455; File No. SR-NSCC-2013-13
January 31, 2014
Self-Regulatory Organizations; National Securities Clearing Corporation; Order Approving
Proposed Rule Change to Discontinue its Stock Borrow Program
I. Introduction
On December 10, 2013, the National Securities Clearing Corporation (“NSCCâ€) filed
with the Securities and Exchange Commission (“Commissionâ€) the proposed rule change SR-
NSCC-2013-13 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Actâ€)1
and Rule 19b-4 thereunder.2 The proposed rule change was published for comment in the
Federal Register on December 27, 2013.3 The Commission did not receive comments on the
proposed rule change. This order approves the proposed rule change.
II. Description of the Proposal
NSCC is amending its Rules and Procedures (“Rulesâ€) to discontinue its Stock Borrow
Program. The effective date of the rule change will be announced by NSCC via an
Important Notice.
Currently, NSCC Members may elect to participate in the Stock Borrow Program by
designating specific securities from their inventory at the Depository Trust Company (“DTCâ€) as
available to be lent in the event that NSCC’s Continuous Net Settlement (“CNSâ€) system cannot
complete a delivery of a security to a long Member because a short Member has not completed
its delivery to CNS. In such a case, if a lender has identified such a security as available through
the Stock Borrow Program and the lender has a free excess position of the security at DTC,
NSCC initiates deliveries through CNS to the long Member and sets up a pending receive for the
lending Member. If the position is not returned to the lender by the end of the settlement day,
i.e., the Member with the original obligation to deliver to CNS does not complete that delivery,
the lender receives full market value for the securities through NSCC settlement.
Usage of NSCC’s Stock Borrow Program has declined over the past few years. In 2007,
NSCC borrowed a daily average of approximately $1.85 billion in market value at the close of
each day from the approximately 21 Members that participated in the Stock Borrow Program. In
October 2013, only three Members participated in the Stock Borrow Program and the average
daily value borrowed at the close of day during that month was approximately $81 million.
Usage of the program has continued to drop since the end of October 2013. Given the reduction
in the use of the program, NSCC has determined that it is not economically efficient to maintain
the service.
III. Discussion and Commission Finding
Section 19(b)(2)(C) of the Act4 directs the Commission to approve a proposed rule
change of a self-regulatory organization if it finds that such proposed rule change is consistent
with the requirements of the Act and rules and regulations thereunder applicable to such
organization. Section 17A(b)(3)(F) of the Act5 requires that the rules of a clearing agency be
designed to, among other things, “promote the prompt and accurate clearance and settlement of
securities transactions and … to assure the safeguarding of securities and funds which are in the
custody or control of the clearing agency or for which it is responsible.â€6 The Commission finds
that NSCC’s proposed rule change is consistent with these requirements because discontinuing
an underutilized service will enable NSCC to allocate its resources to core clearing agency
functions in a more efficient and effective manner.
IV. Conclusion
On the basis of the foregoing, the Commission finds that the proposal is consistent with
the requirements of the Act and in particular with the requirements of Section 17A of the Act7
and the rules and regulations thereunder.
IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Act, that the
proposed rule change SR-NSCC-2013-13 be, and it hereby is, APPROVED.
For the Commission, by the Division of Trading and Markets, pursuant to delegated
authority.8
Kevin M. O’Neill
Deputy Secretary
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b-4.
3 Securities Exchange Act Release No. 34-71156 (Dec. 20, 2013), 78 FR 79028 (Dec. 27,
2013) (SR-NSCC-2013-13).
4 15 U.S.C. 78s(b)(2)(C).
5 12 U.S.C. 78q-1(b)(3)(F).
6 15 U.S.C. 78q-1(b)(3)(F).
7 In approving this proposed rule change, the Commission has considered the proposed
rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f).
8 17 CFR 200.30-3(a)(12).
SEC Release & NTEK Significant Failures To Deliver FIRST-HALF-FEBRUARY data:
You don't need to be a rocket scientist to figure out what's been going on with this stock. The new reg which will be in effect 3/14/14 and Dividends projected to begin in April 2014 will go a looong way in curtailing this type of mm behavior.
Date Format: Year, Month, Day
# of Shares in BOLD.
MONDAY - 20140203|63009Y104|NTEK|10387|NANOTECH ENTERTAINMENT, INC.|0.13
TUESDAY - 20140204|63009Y104|NTEK|2621|NANOTECH ENTERTAINMENT, INC.|0.12
WEDNESDAY - 20140205|63009Y104|NTEK|157209|NANOTECH ENTERTAINMENT, INC.|0.11
THURSDAY - 20140206|63009Y104|NTEK|224227|NANOTECH ENTERTAINMENT, INC.|0.10
FRIDAY - 20140207|63009Y104|NTEK|82730|NANOTECH ENTERTAINMENT, INC.|0.10
MONDAY - 20140210|63009Y104|NTEK|11634|NANOTECH ENTERTAINMENT, INC.|0.10
TUESDAY - 20140211|63009Y104|NTEK|29047|NANOTECH ENTERTAINMENT, INC.|0.09
WEDNESDAY - 20140212|63009Y104|NTEK|12000|NANOTECH ENTERTAINMENT, INC.|0.10
THURSDAY - 20140213|63009Y104|NTEK|32359|NANOTECH ENTERTAINMENT, INC.|0.10
FRIDAY - 20140214|63009Y104|NTEK|181564|NANOTECH ENTERTAINMENT, INC.|0.11
http://www.sec.gov/foia/docs/failsdata.htm
Effective 3/14/14:
http://www.dtcc.com/~/media/Files/Downloads/legal/rule-filings/2013/nscc/SR-NSCC-2013-13-approval-notice.ashx
The pdf to text conversion not perfect, please go to the above source for a "clean" copy.
SECURITIES AND EXCHANGE COMMISSION
Release No. 34-71455; File No. SR-NSCC-2013-13
January 31, 2014
Self-Regulatory Organizations; National Securities Clearing Corporation; Order Approving
Proposed Rule Change to Discontinue its Stock Borrow Program
I. Introduction
On December 10, 2013, the National Securities Clearing Corporation (“NSCCâ€) filed
with the Securities and Exchange Commission (“Commissionâ€) the proposed rule change SR-
NSCC-2013-13 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Actâ€)1
and Rule 19b-4 thereunder.2 The proposed rule change was published for comment in the
Federal Register on December 27, 2013.3 The Commission did not receive comments on the
proposed rule change. This order approves the proposed rule change.
II. Description of the Proposal
NSCC is amending its Rules and Procedures (“Rulesâ€) to discontinue its Stock Borrow
Program. The effective date of the rule change will be announced by NSCC via an
Important Notice.
Currently, NSCC Members may elect to participate in the Stock Borrow Program by
designating specific securities from their inventory at the Depository Trust Company (“DTCâ€) as
available to be lent in the event that NSCC’s Continuous Net Settlement (“CNSâ€) system cannot
complete a delivery of a security to a long Member because a short Member has not completed
its delivery to CNS. In such a case, if a lender has identified such a security as available through
the Stock Borrow Program and the lender has a free excess position of the security at DTC,
NSCC initiates deliveries through CNS to the long Member and sets up a pending receive for the
lending Member. If the position is not returned to the lender by the end of the settlement day,
i.e., the Member with the original obligation to deliver to CNS does not complete that delivery,
the lender receives full market value for the securities through NSCC settlement.
Usage of NSCC’s Stock Borrow Program has declined over the past few years. In 2007,
NSCC borrowed a daily average of approximately $1.85 billion in market value at the close of
each day from the approximately 21 Members that participated in the Stock Borrow Program. In
October 2013, only three Members participated in the Stock Borrow Program and the average
daily value borrowed at the close of day during that month was approximately $81 million.
Usage of the program has continued to drop since the end of October 2013. Given the reduction
in the use of the program, NSCC has determined that it is not economically efficient to maintain
the service.
III. Discussion and Commission Finding
Section 19(b)(2)(C) of the Act4 directs the Commission to approve a proposed rule
change of a self-regulatory organization if it finds that such proposed rule change is consistent
with the requirements of the Act and rules and regulations thereunder applicable to such
organization. Section 17A(b)(3)(F) of the Act5 requires that the rules of a clearing agency be
designed to, among other things, “promote the prompt and accurate clearance and settlement of
securities transactions and … to assure the safeguarding of securities and funds which are in the
custody or control of the clearing agency or for which it is responsible.â€6 The Commission finds
that NSCC’s proposed rule change is consistent with these requirements because discontinuing
an underutilized service will enable NSCC to allocate its resources to core clearing agency
functions in a more efficient and effective manner.
IV. Conclusion
On the basis of the foregoing, the Commission finds that the proposal is consistent with
the requirements of the Act and in particular with the requirements of Section 17A of the Act7
and the rules and regulations thereunder.
IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Act, that the
proposed rule change SR-NSCC-2013-13 be, and it hereby is, APPROVED.
For the Commission, by the Division of Trading and Markets, pursuant to delegated
authority.8
Kevin M. O’Neill
Deputy Secretary
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b-4.
3 Securities Exchange Act Release No. 34-71156 (Dec. 20, 2013), 78 FR 79028 (Dec. 27,
2013) (SR-NSCC-2013-13).
4 15 U.S.C. 78s(b)(2)(C).
5 12 U.S.C. 78q-1(b)(3)(F).
6 15 U.S.C. 78q-1(b)(3)(F).
7 In approving this proposed rule change, the Commission has considered the proposed
rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f).
8 17 CFR 200.30-3(a)(12).
3
Tomorrow=Day55. Sunday approval possible on a non business day?
3/14/14! Its about time.
Last post today, those .079's that got filled were taaaasty. It's like winning the lotto, hee hee. Good luck to all NTEK faithfuls. out.
won't fill my order dammit!!!
3month chart shows .017 area next level of res. Can't wait until we can all start to play drinking games with MRIB stock movement, hee hee hee.
The mm's will have none of this .016 stuff, must come down, too many shorts need to cover still. Better cover today shorties! times up.
.0164!!!!! HOOOOLLLLY SHHH******TTTTTTT!
Are we saving the term "blue sky breakout" for now or when it eclipses the 52 wk high?
There's no chance approval on ABC site shows up over weekend is there?
Even if this falls back to below 13 by eod, this chart is setting up for an EPIC move when license gets approved. tic toc
I have a grandfathered unlimited iPhone data plan. Call me spoiled.
But the capability to stream 4k through your smart phone IS coming. Possibly as soon as folks get their Galaxy S5's. Think netflix and ultraflix streaming through your smart phone. Wasn't going to bring it up here but..
http://www.techradar.com/news/television/tv/your-4k-smartphone-wants-to-kill-your-camera-and-your-blu-ray-player-1228936
http://www.brightsideofnews.com/news/2014/2/24/mhl-30-announced2c-support-for-4k-streaming-and-10w-charging.aspx
...regardless I'm more interested in seeing the NTEK business plan unfold here in the short term.
Go NTEK!
yep, predictable and annoying.
I find this somewhat irrelevant at this point. We all know (including NTEK) other 4k boxes are on their way including MHL 3.0 compatible 4k smart phones in case you haven't thought of that one.
get ready for tiny bid whacks to keep it down..
Yep, the last failure to deliver data we have is from january. In the 2nd half of January NTEK averaged 31K shares listed as significant failures to deliver on FRIDAY'S alone. Those who seek to manipulate and naked short the stock could care less about covering before the weekend. IMO they'll do whatever it takes to keep this down for as long as they can. Feb data should be out this weekend. (SEC.gov)
I wouldn't want to be a seller today only to learn that the license get's approved Sunday the 2nd - a guaranteed gap up on Monday. Given that the license que get's updated 3pm EST, market close at 4pm, any selling at this point in the game will not work to anyone's advantage when the license news hits - unless of course you like to lose $.
I'm hoping for that too but realistically this could just as easily dip down under manipulation at these volume levels as well. Regardless, this will fly from whatever pps we're at when licensing and shipping news hits. GLTA
The continuation of daily manipulation.
Hey what's that ticking noise I hear??
Can we break through the 13's?