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Here we go again the usual, “why are you here then” dribble. I followed quite a number of penny stocks and everyone without exception that I warned about crashed. Several were halted, but I always got the same blowback when I warned, you’re short or why are you here etc. I give my opinion to warn others because with these pennies there’s always people pumping just to fool naive investors. I am 100% confident that this is and always has been a scam. I remember the big talk up about the reported video the company was making about their product and how this was going to fly. Then the video came out and it was so unprofessional a high school student could do better and the spin was oh they’re making another one much better. Always a spin in the penny scam world.
Really??! So the big hedge fund players decided to short 44 cents of an unaudited penny stock with no office or employees. Do people actually believe this? Just like it’s big brother scam NTEK where the principle is a convicted felon. A fool and his money is soon parted.
This is a scam, always was, always will be. I posted and warned years back here and was criticized with the usual comments that I’m a short (who shorts penny stocks), or why are you here then dribble. Of course the stock went into the toilet with only the principles making money. This is what they do for a living make up garbage and pump it as the next great thing meanwhile printing themselves endless free shares. Wash, rinse, repeat.
Yup the big hedge fund guys according to your own article decided to short less than a dollar’s worth of stock. Anyone who actually buys into this BS deserves to lose their shirt and of course virtually every long other than insiders who bought this or it’s big brother NTEK are way way down. But that’s what happened when you have penny stocks that are unaudited where the founder is a convicted felon.
Love how someone mentioned that Apple getting into this market space on the outerweb and DF responded that it is not important because Apple only owns 15% of the market. Meanwhile NTEK has been promising big things for many many years and they have 0% of the market. A fool and his money is soon parted.
According to your article the heart of these naked shorting are hedge fund traders. So according to yesterday’s daily report these so-called big boys decided to spend their time and short less than $30 of a penny stock. That really helps them pay the mortgage on their McMansions. Even FINRA themselves admits the daily report is full of artifacts and the biweekly report is really representative which the numbers when compared to the daily report shows a significant night-day difference.
The truth about your daily short report and how bogus it is. Proven misleading time and time again but still put here and the outerweb everyday to fool naive investors.
https://www.goodetrades.com/2012/09/lying-stock-promoters-bullexchange-com-the-finra-short-reports/
Really??! Is that the spin? So far if you took the entire volume times change in price it $40. That’s a great day? Maybe in the world of NTEK where the vast majority are down over 95% on their investment.
Blaming the shorts for not doing audits?
https://www.goodetrades.com/2012/09/lying-stock-promoters-bullexchange-com-the-finra-short-reports/
End of day less than $50 trade to make it even rather than another new closing low.
Yeah, don't believe the SEC believe a convicted felon about an unaudited penny stock that hasn't delivered on multiple promises for years. FACT!!!!!!
Would not, could not. FACT
Ohh, I see. The SEC is corrupt but a non-reporting penny stock (that has said in multiple SHLs audits almost complete even one ready in days yet after 4+ years still nothing) run by a convicted felon who gave himself a billion shares through a shell NTEK denied was affiliated/related to NTEK. Then gave his wife over 30 million shares while he was in prison and she doesn’t even work. That’s legit. Hmmmm.
Don’t waste your breath. Just like the daily short report is posted here as if it is a true indication of short action when even FINRA themselves state only the biweekly report is accurate. When you compare the biweekly with the daily one there is a huge huge difference and in fact there is very very little shorting of NTEK done. There are a few who want to fool naive investors into thinking this is not a scam which it clearly is.
The ‘longs’ have no real voting power as the Foley family owns the vast majority of stock. (Which they gave themselves for free, recall Foley’s wife was given 30 millions shares years back and she doesn’t even work for the company or at all for that matter.) What more, didn’t they give themselves preferred stock with super-voting rights years back? So even if 90+% of the shareholders voted nay they would still be able to outvote them and put anyone on as director or top management.
Really??! Promoting a film that no one ever heard of or cares about that no one would ever pay to watch and few would watch for free that had zero/little distribution and would be happy if they got ANY PR even from a scam penny stock whose founder is a convicted felon as a positive thing?! Where’s all the A-list films promised over a year ago?
Oops! But, but, but the fan club says it will be ready in the next 4 months. Hehehe
Realistically, anybody at this point that believes that this is not a scam is clearly reinforcing PT Barnum's expression, "There's a sucker born every minute."
Merger with Enron maybe.
As if that even means anything at all. No one heard or cares about her. This is significantly less than the huge Akyumen hype for the last two years which amounted to absolutely nothing as well.
Yeah, I remember him here four years back. Virtually every day spreading how great NTEK was and all their great partnerships and the deals they had with great things on the way. Had these huge posts with pictures and positive dribble. Of course stock is down over 95% since and he is long gone. He had a huge loyal long following though back then.
If you multiply the total volume today by the change in PPS you get less than $14. This scam is ending soon and prison suits getting lined up.
Here we are Feb. 2018 and UF/NTEK is still nowhere. Stock price still down precipitously and virtually all longs down 90+%. All they have is a new round of promises and new management with great things soon yet if they would simply look at each yearly SHL they would see the same promises for the last 4-5 years yet nothing ever materializes except excuses and new lies. Meanwhile support group posting daily short report ignoring that it is irrelevant even as reported by FINRA themselves and they even state only the biweekly report states the true numbers. Since however that would prove that in FACT there are very very little true shorting going on they will not acknowledge this and just post daily artifactual numbers to fool naive investors and to appease longs who are down significantly in their investment. Meanwhile no NP-1 showed up anywhere, no Alyumen phone projecting UF in 4K can be found anywhere when it was hyped up 2 years ago on this board and the outerweb fan club. At this point anyone invested in NTEK should have seen the writing on the wall in bold print and if not then clearly they are extraordinarily naive in investments.
Did you really expect otherwise? No problem, the fan club will just spin some fake reason like they always do. Maybe there’s so much great news with 20,000 new A-list films that they couldn’t finish the letter in time.
But wait! Weren’t they jumping up and down with excitement on the outerweb 2 years back how the holders of record of NTEK shares were going to get free NTGL shares as promised by NTEK management. I remember them gloating about it and how the short were scared. Hmmm, stock down significantly even from that point even after the RS. All longs suffered except insiders who just kept giving themselves and family free shares.
Correct. And a quick check would find they are being sued by several companies for nonpayment of money owed. So who would loan them money no less millions under those conditions without any collateral to back it. They’re saying audits are too expensive for now yet did they forget they had a SHL out over a year ago stating that they would be finished in days and over a year before that stated they hired a new accounting firm that would be finishing their audits shortly. Still some people live in a bubble and deny the obvious lies and misdirections year in and year out. Let me guess, good times ahead and the shorts are scared like they say after every SHM for over five years. Meanwhile PPS down over 95% during that time.
Wait don’t you remember they already claimed they partnered with Amazon when they put up a few Np-1s for sale there. I think they claimed partnership with Apple already because they had an app. With similar logic I partnered with Colgate-Palmolive, Kiehl’s, Tom’s of Maine, Microsoft, Sony, Apple, AT&T, and Amazon so far this morning and I haven’t even left my house yet.
Technically NTEK is an unaudited penny stock scam down over 95% since inception.
Didn’t a judge enforce that no insiders were allowed to sell shares last year so their hands are forced not to sell. They also mention that they have never been involved in promotion of any kind yet there is proof that they paid promoters multiple times in the past to pump NTEK. The lies never end at NTEK.
Hmmm says that the company hasn’t taken any new financing within the last 180 days but on the outer web they supposedly confirmed the $21 million financing finally completed last Sept. can’t have it both ways.
Not by any stretch. Still a lot of play left in such currency. There might be some major corrections along the way but overall in the long run going up.
Is anyone really surprised?? This is your typical nothing penny stock that rides on hype and in reality nothing really happening behind the scenes.
Yeah, and there are still many that because of the garbage and limited content on UF still haven’t been able to use them up.
Wasn't the hype to increase the PPS that they were going to have a dedicated button on their controllers stated over a year ago but of course that was BS and never happened. So it will be an app. of hundreds if not a thousand. Meaningless. The truth is that NTEK => SCAM.
Relatively stable??? I guess consistently down month after month whereas the average long is down over 95% on their investment doesn’t count. The only reason it hasn’t hit triple zeroes is because of the reverse split if you divide the present PPS by 25 what do you get? Anyway, it limps on because NTEK and their minions continue to make promises of great things that never materialize and then move the bar promising something else down the road. Wash, rinse, repeat.
This was a scam and I said so years back. But like with all the penny stock scams the players quickly called me a basher and the old, “Why are you here?”, “Like you really want to help people. Move on.” In other words, don’t state the truth we’re here to spin this as something great so we can rip off naive investors. I remember the big wait for the PR video to come out and how that was going to be a game changer. Then it came out and it was so cheap and awful everyone had to admit a child could have done better. So the new spin was that was just a quick one they’re working on the real high-end one which of course never happened. This is the game in penny land come up with a premise for some device or concept, issue PRs after PRs from companies that are paid to do the same meanwhile printing shares and selling to naive investors then walk away and repeat. Meanwhile the pumpers move on to their next scam to promote and berate those trying to warn others with the truth calling them bashers or worse.
What a joke spin!!! Just like when it was an app. on iTunes how that was going to launch UF but never happened. Just like the huge deal with Akyumen phone and how that was going to be a game changer. Never happened and phone still MIA after years of waiting. Just like the shorts are worried yet longs on average are down over 95% here. The founder (admitted felon) made millions printing shares while company promised no increase in AS then did so to the tune of over a billion. Then stated no RS then shortly afterwards did 25:1. Even gave the founder's wife over 30 million shares while he was incarcerated and she doesn't even work. Not to forget on their own financials stating an unrelated and unaffiliated investor that was actually the founder given over a billion shares through Royal Capital a shell corporation. Yup, and this unaudited penny scam which at every SHM promised finished audits shortly even promised in a SHL to be finished in days and here we are around 2 years after that letter and no audits. Investors promised years back shares in NTGL but still haven't received anything. Business licenses expired and unrenewed, stop 'warning" sign up on financial site. This is all good? Let's continue with the daily short report that even FINRA says is inaccurate and full of artifacts. Never posting the real short report recommended by FINRA, the biweekly because that would ruin the spin of blaming shorts for the precipitous decline in the PPS.
Yeah, like huge decline in unaudited penny stock PPS are a good thing.
Sorry for you loss in the past and in the future with this NTEK scam.
$2 worth of trades today. Wonder if Alan will post the daily bogus short report like he does with sister the company NTEK.
So let’s run through this, the founder has been in jail for multiple felonies involving a previous company, his brother who is also an officer of NTEK has a warrant for arrest I believe for contempt of court regarding NTEK. The company promised no increase in AS to shareholders then within months increased by over a billion. They also promised no reverse split then did so shortly afterwards. They’ve promised audited financials shortly at every shareholder’s meeting for over 4 years but still never done. In one shareholder’s letter said would be ready in days and that was over two years ago. The company wrote in their financials that they gave over a billion shares to an non-affiliated and unrelated investor then we found out this entity, Royal Capital is in fact a shell company of the founder. He also gave over 30 million shares to his wife while he was in jail and she doesn’t even work. The 4K streaming has been essentially upconverted 2K basically what a good smart TV, audio receiver, Blu-ray player etc., does automatically for free. The list goes on and on but we’re supposed to believe a connection in Ca. hinting at an Amazon deal with an unaudited penny stock with multiple court judgements against who owes several companies millions of dollars. Yup, sounds more like desperate talk from stuckholders.