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Consumers are just going to use the streaming services they already currently use like amazon and netflix for their 4k needs.
Ultraflix is an unknown. Outside of the stock message boards the companies products are not known. Really makes me think the millions in media sales they have said to do every Q are bogus.
Outside of CES Ultrafix isn't a known name at all.
Might hit 02's again tomorrow. Very low volume supporting the bid.
Nothing is FREE in life. NTEK isn't in the business of raining free money onto people. HVEL/NTGL shares will most likely come at a cost to current NTEK shareholders.
"Just buy NTEK shares and you'll get FREE money!" - If only it were that simple.
Looks like they realize NTEK audit will never happen so they are moving assets into new shell companies that can be audited.
I've been saying it, Gaming/Ultraflix will be split from NTEK and NTEK shareholders will be left with the bag.
Further dilution. Reverse splits. Shell companies. No audits.
Actually if you look at a 3 year chart the front loading occurred back in the .000's where the insiders and stock promoters loaded up. Then they dumped their shares on everyone here for multiples more then what they paid and most people here are now stuck with shares worth far less then they bought them from.
The technical, long range chart, shows this is a classic pump and dump stock.
NTEK is not being transparent with investors. They are a form 15 company and do not report to the SEC, no proof of any deals or what they entail, share structure is maxed out and now the TA is gagged on top of them looking to acquire other shell companies such as HVEL.
Thats your reason why pps is hoovering at mid 2's
They've had to sell shares to acquire content, whether it works out in the end is yet to be seen.
You'll be happy to get some principle back out of this after they pull the reverse split / back into shell game c-c-c-ombobreaker
NTEK - Shares maxed out, lacking revenue to acquire new content.
Don't buy .02, wait to buy .01
NTEK coming close a 1.5 year downtrend in stock price
The market works. If big money thought NTEK had a great business model they would not have let the price go from .175 to .025.
Pretty sure they're selling.
The .01's getting real close from here.
007 Stock Chat With A $20K Pump On NanoTech Entertainment, Inc.
"A quick look at our database reveals that we have managed to intercept a total of three campaigns for them. There was one at the beginning of August 2012 and it was a complete flop. The pumpers were explaining in details that NTEK want to become the global gaming empire of the 21st century, but all that did was crush the ticker and within a couple of days, around 70% of the value was gone.
Then a couple of months later, in November 2012, NTEK came up with some exciting news about new appointments to their management team and the almost obligatory projections about future growth. This caused some excitement and, once again, some paid newsletters jumped on board. The history from August was bound to repeat itself and, sure enough, a couple of sessions obliterated nearly 70% of the value.
Then the pumpers kept quiet for some time and it would appear that NTEK managed to regain some of the investors' trust on their own. News of stock buyout and improvement in the quarterly reports gave the ticker a push in the right direction and even when the promotion from the end of March came in, its effects on the price were not as dramatic as the ones from the precious campaigns. So what are the odds now?"
"What's the price for all this, however? Well, it's quite steep. They have secured financing through convertible debentures and throughout the years, they were forced to issue quite a lot of stock in order to pay off some of the debt. This means that although they bought back around 219 million shares back in January, the outstanding capital is still quite substantial - 545 million. There are things to suggest that it might rise further.
Cash-wise, things have always been pretty dismal around NTEK and that's why they were forced to pay the wages with the issuance of stock. The quarterly report gives us a detailed history of the share issuance throughout the last couple of years and we found something peculiar.
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?"."
http://www.hotstocked.com/article/56642/007-stock-chat-with-a-20k-pump-on-nanotech.html?PageSpeed=noscript
GET THE FACTS
Audits ain't coming for 2014.
It's funny, get NTEK insider "Andy" who gets paid millions of shares to write a fluff piece comparing NTEK to Netflix and now you've got people in here repeating the exact same info as if its the undeniable fact.
It's so easy to manipulate people!
The CEO of Sony, Samsung, Vizio wouldn't lose any sleep if the NTEK stock was suspended tomorrow for criminality. Why? Ultraflix is just one of 100's of applications that are now on smart TV sets. They would just remove the app and move on, the CEO's are NOT involved in any of the shady doing that NTEK is.
CES had 0 impact on the PPS with all those "supposedly" good deals. This pump has run its course.
Market isn't buying what NTEK is selling.
Looking like 02's in Feb is a very real possibility.
Rent rocky for $10 or buy a month of Netflix.
Gonna be hard for the average consumer to justify the money spent on ultraflix.
Yes NTEK is BIG's #1 pump job. Can't say for sure, but he prolly got some of his 50 milly stack of NTEK shares for da pumpage.
Ultraflix to HVEL shell and NTEK shareholders get left with the bag.
03's are the new Jan normal, 02 will be the new normal in Feb.
"NTEK's Andy Marken, the official spokesman for the company, announced in a recent interview that the company already has pre-orders for 5000 media boxes and that soon the product would be released on the market in more stores."
http://www.hotstocked.com/article/87202/nanotech-entertainment-inc-otcmkts-ntek-takes.html?PageSpeed=noscript
25,000 people need to pay $10 to stream rocky just for NTEK to make the money back on the licensing for that 1 movie.
With that many shares of the company owned, is BIG considered an insider?
Why does NTEK languish in the 3's with all the good news?
Most of the buying support is probably old investors averaging down at these "gift levels" = not much new investor interest.
Yes 25k on the Ultraflix App just like 60k NP-1 in the retail pipe lines.
NTEK has lost a lot of credibility, hard for investors to feel confident in any numbers they project.
Lots of people associated/working for NTEK have been paid with NTEK stock. And last I checked, you can't buy groceries with NTEK stock, you have to sell them for USD.
I had a someone recommend this stock to me, I bought at 0.12 and sold for a 30% loss on that last Septembers spike up. Would have been down about 70% of I held.
NTEK is a flippers dream, not a long play.
They should have cooked up more believable revenue numbers. I'm not just not seeing how or where they are making the money they claim they do.
They've been posting revenue numbers to OTC that don't make much sense. I.E huge revenue before the NP-1 or Ultrafix was even out. I would sure like to know where they made their millions.
It's extremely fishy you see.
Yes they were mentioned as a content provider of 4k alongside others. It doesn't mean that NTEK as a business is profitable or sustainable.
Low volume = low investor interest, that simple.
Huge jump on LOW volume = Not sustainable.
And the SEC doesn't care at all? God bless America.
Now I know why David Foley is bringing his UFC fighting pal to CES. Gotta watch out for those angry investors hes fleeced!
http://www.prnewswire.com/news-releases/nanotech-invites-ces-attendees-to-meet-top-ufc-middleweight-and-decorated-special-forces-veteran-at-nanotech-booth-15423-300014613.html