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The only MM's working this stock are the ones selling off insider shares.
The dumping is so predictable now.
They easy up on the selling at the start of the day to try to sucker in some buys and then dump big mid day followed by a eod paint to make it look not so bad.
Yes it will be awesome.
USA v. David Foley - David Foley appeals his sentence for conspiracy to commit mail fraud/wire fraud and bank fraud in connection with the sale of video games. 2015-03-10 9:30 am
We'll get to see how the NTEK boss fairs on his legal troubles.
Would love to see what these great deals/partnerships actually entail. You can't though because they are as dark of a company as they get. Samsung don't care if NTEK closes up shop tommorow they are just letting ntek's app on their tv's big deal.
Ultraflix is an unknown name in households.
A Youtube video of different movies scenes spliced together by an NTEK intern doesn't exactly count as a grand marketing campaign.
The avg consumer doesn't care about 4k TV at all. It's a niche market.
Even if he hes removed davy is the largest shareholder with tens of millions he can dump.
How many people you think bought an NP-1 ?
I'm generally curious. 10 people, 100 people, 1000 people?
Welp I'm sure nearly all the views so far are from people who have already heard of ultraflix, or shareholders. Gotta attract different people with commercials to have any effect.
Just like how Jeff Foley was filing his buys in the teens and it was posted all over here getting everyone encouraged load the boat at .10 +, look at how that turned out.
Insiders have looked at NTEK stock as their own personal ATM machine for a year and a half.
And foleys court appeal next week.
Foley and Big shares coming off restriction and to the market the next couple months, gagged TA, no audits, no dividends, no buybacks, maxed out SS.
People still believe audits are coming? That's a 2 + year ongoing story.
I wouldn't trust Foley and his phoney baloney rev's.
If revs were so good they wouldn't have needed cash from BIG investment. I think it was something like $250,000 for 3 cent shares when the PPS was trading much higher.
Right David Foley is not the CEO of either company but he calls the shots and is the face of NTEK.
According to the statement, one of NTEK's employees, Mr. David Foley received more than 60 million shares between March 2012 and February 2013. Some of them should still be restricted, but we can't help but wonder: "How come an employee like David Foley receives more than the current CEO of the company, Mr. Jeffrey Foley?".
Some of you might argue that David Foley is one of the founders and you might also say that his technical knowledge is what pushes the company forwards and that's a fair point. What disturbs us, however, is David Foley's past. We did a quick research on him and we found that he was once charged and later pled guilty to Conspiracy to Commit Mail and Wire Fraud and Conspiracy to Commit Bank Fraud. Whether this, coupled with the fact that he owns quite a lot of shares, will affect NTEK's stock performance in any way, shape or form is unknown, but we reckon that the paid pump running for them is a good enough reason to tread extremely carefully and weigh the risks before jumping in. Unless, of course, you want end up losing money which is always a possibility when the newsletters are involved.
DF is the BOSS. Doesn't matter who he slaps the CEO label on, prior to this pete guy he gave the CEO title to his brother who has zero formal education.
David Foley is the boss of NTEK, he has tens of million shares far more then anybody else, he calls the shots, does interviews with the media, and controls the flow of information. That's a fact.
David Foley = NTEK
Lets look back on the 2014 projections
NTEK 2014 Projections!!
Folks NTEK financial projections have been released and posted to OTC!
3 Key words:
Revenues!!
Dividends!!
Buyback!!
Over $33.8MM in revenues projected folks!! Incredible growth!
Quarterly dividend starting in April at .59 for every 1000 shares. Dividend jumps to $1.02 for every 1000 shares in July! Let's put this in perspective so folks understand incentive. You own 20MM shares in April you get a dividend worth $11,800! In July that jumps to $20,400!!
That's per quarter folks!!!! You think that may be an incentive for folks with large share positions to not unload large positions? I think so!
The company will start buying back $500K worth of stock starting in July for a total of $3MM on FY.
Folks I don't know what else to say to convey what a life changer this is. Truly once in a lifetime.
This will get the recognition it deserves very very soon..
https://www.otciq.com/otc…/ajax/showFinancialReportById.pdf…
This NTEK/HVEL takeover is a mess.
Shareholders can't even get a straight answer as to whats going on. 45 mil A/S, 450 mil A/S, 45 bil A/S, IR telling people there was a forward split now...
Sometimes a little fear is a healthy thing when putting money into the market. Especially when you're dealing with pink sheet stocks that don't report with the SEC. Way too many people have lost it all with penny stock scams , the insiders get rich while the shareholders get fleeced.
The market isn't there for 4k content right now , amazon and netflix would be right there with the content if they felt it was profitable for their company. It costs a lot to upgrade their infrastructure to service a lot of 4k users as well.
Yup NTEK ran outa shares to sell and thats why they hooked up with HVEL and then jacked up the A/S 10x to 450 million from 45 mil. HVEL/Bruce typical pink sheet scam artists, making great company with NTEK. Do some history on that one.
Ah yes, Lorraine "60,000 np-1 in retail channel" Foley.
Legit companies don't file form 15 and hide in the pink sheets like NTEK.
There is no professional IR dept with NTEK. It's just another foley relative on the phones feeding people what Dave told them to say.
NTEK has never had a sustainable business plan. Just hopes, dreams, and paid pump'n dump stock promoters.
When dealing with non reporting form 15 pink sheet stocks hardly anybody's word is real.
I would wager he has sold well over 4 million shares by now. Definitely holds tens of million more.
They didn't like people pointing out the dilution and maxed out SS so they decided not having a TA was best?
I dunno but going on 3 months now it shouldn't take this long.
NTEK share holder letters have been proven to be spin and lies. Yet people here still consider them the holy gospel.
OLD TA showed steady dilution throughout 2014
Foley diluted to the max to pay for his lawyer fees & the mortgage he fraudulently received leaving none left to advertise ultraflix.
Paying employees in stock is a recipe for disaster.
Just goes to show there's cash flow problems.
The part where they weren't audited or reported to the SEC
Fact maybe for you, but not for me and a lot of other people judging by the PPS.
250% increase in revenue is not a fact.
Its wishful thinking with NTEK. Nobody believes the unaudited NTEK revs cause they've been caught in too many lies.
Them shares are still restricted... Just wait.
Nanotech Entertainment has been around for 7 years, least that's what foley said in an interview.
The 25 cent by end of year call was being claimed loudly by some people here for 2014.
There are too many shares coming off restriction that are held by insiders which is preventing major money from buying into NTEK. Buying NTEK at this point is practically handing your money over to the insiders.
Why is the description the stock ticker "NTEK" and not the official company name Nanotech Entertainment? That just looks so bad.