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Major legal trouble brewing for Gulas and the Foley clan.
NTEK is one shady penny stock indeed.
Remember when 60,000 NP-1 were shipped to the retail channel?
And then the Foxconn boat carrying all those NP-1 sunk while sailing from China?
Remember when Rogue One was on Foley's calendar?
Then it turns out it was just another pump and dump and rogue one is NOT coming to Ultraflix.
Remember when Foley set up the Royal Capital Group scam with his wife Lisa?
Remember when Don the marketing guru joined NTEK?
And then it turns out "Don" doesn't actually exist, and is just another figment of foleys imagination.
Remember when Foley was never going to prison?
And then he served a year in the slammer, is now on probation, and now has court ordered mental health treatments?
Remember when NTEK said dilution was over.
Then they just raised the O/S by another 8 million, and the A/S is holding firm at 2 billion?
Remember when NTEK said they didn't need to do an R/S.
Then they did a massive 1 for 25.1 R/S and wiped out existing shareholders?
Remember when NTEK said they didn't need to raise the A/S ?
Then they raised it 3 times by more then a billion shares.
Remember when NTEK said they're about to execute major content deals?
Then it turns out Ultraflix only has Grade D trashbin movies and currently has zero deals with one major content provider?
Remember when NTEK audits were just around the corner?
Foley lied to you... again.
Remember when NTEK holders were supposed to get NTGL shares?
And they haven't received any NTGL shares and never will because NTGLs business license is revoked?
NTEK is a foley family scam. No real business here, just share printing and dumping on the market.
NTEK got sued and owes millions. Too bad the company is broke and cant pay up.
Cannes was a major FLOP for NTEK.
Ultraflix Reviews - Do your DD
https://play.google.com/store/apps/details?id=com.nanotech.ultra_flix&hl=en
Sort by "newest"
Notice this?
Updated
May 30, 2016
Last time Ultraflix was updated was a year ago, is anyone still working at NTEK? I guess not, just Foley's selling shares.
That calendar is a joke.
Definitely. It's a blatant penny scam fraud to anyone following this over the years.
NTEK couldn't even turn a profit with paramount movies.
Now they have no real content from major studios, just a bunch of D tier garbage nobody would pay real money to watch.
It's how penny scams work. NTEK has Ultraflix, but it's not actually a real viable business. Its just Foley's prop so he can entice people to buy freshly printed shares.
Has Gulas fled the scene of the crime?
Jeff Foley is back to CEO?
Major dilution on tap, NTEK bleeding cash, Ultraflix barely making any money (how could they make money with the content they have?)
NTEK lost 2 major lawsuits and is refusing to pay up. Gulas is headed for court in a couple of weeks.
The principals involved in this scam needs to be locked up for a while, can't believe this garbage is still trading.
Ultraflix app is junk, no content, HDR, surround sound, slow and buggy interface.
Its a prop so the Foley criminals can sell more shares. Oldest penny scam trick in the book.
https://play.google.com/store/apps/details?id=com.nanotech.ultra_flix&hl=en
Sort reviews by "newest"
NTEK is a total scam company run by a convicted felon.
They have a repeated history of lies, and false and misleading press releases. All put out in an attempt to get new buyers to buy into Foley's freshly printed NTEK shares. NTEK is just big penny scam and it needs to be shut down.
No doubt if Gulas remains CEO he is going to be hauled into court, and possibly even the slammer.
That's what happen when you work with a Foley.
Either way NTEK lost 2 major lawsuits and is refusing to pay up. If you think Foley can keep dodging the payments and get away with this forever you're wrong, K2 and Longside lawyers will get whats owed to them, just a matter of time.
The question is, will Gulas sign the next set of financial pushed out by the Foley clan?
Peter Rioridan was smart enough to keep his signature away from those fake financials.
NTEK is a Foley family dilution scam.
Ultraflix content is a JOKE
I doubt they clear more then $1000 bucks a week in rentals. I mean honestly, who is going to spend money to stream that crap (besides shareholders)???
Ultraflix Reviews
Just sort by "recent"
https://play.google.com/store/apps/details?id=com.nanotech.ultra_flix&hl=en
People are saying NTEK is a scam and they're going under soon even on the reviews lol. Some guy spent $100 for 100 movie credits back when they ultraflix had paramount movies and now that the paramount contract is over he's got a bunch of credits left and no movies worth using them on.
NTEK has no cash on hand, and no content worth renting to generate any revenue. They also have to pay up millions in dollars as a result of losing 2 lawsuits.
Foley is going to throw shareholders under the Bus in an attempt to save his own ass.
The lawsuits are over, NTEK lost - Now Foley is refusing to pay up, is the money all gone? How many millions did shareholders plow into NTEK, where did it all go?
Longside is asking the courts to sanction NTEK by suspending the stock.
NTEK is not cooperating with the courts and producing the required documents, nor are the paying the final judgement which is growing bigger and bigger.
https://www.scribd.com/document/345892808/Suspension-Hearing
It's all there for you to read. They wont stop until NTEK pays up.
NTEK is a sinking ship.
Millions of dollars in lawsuits and legal fees piling up, Foley unwilling to pay the final judgement, leading to even more sanctions and accrued interest penalties. Now leading to the potential suspension of NTEK stock.
They have no content, no movies anyone is going to pay to watch, they have no cash to pay their lawsuits or acquire content.
Alexia rankings plummeting, ultraflix still continues to be an unknown service 3 years after it's been out. When people do find ultraflix, the interface is so broken in buggy they turn around before even making an account. If they do make an account the movie offerings are so terrible they back right out.
Really all NTEK has left is the pumper blog of the felon principal.
NTEK scam should have been suspended years ago, it's a criminal racket run by a felon with a mental health disorder.
Longside asking the courts to suspend trading of NTEK stock.
If you read the court filings, the long-side venture attorney states that
"Nanotech's principal appears to be bleeding the market by trading shares through shell entity's and related family members"
D foley and Nanotech must have some nasty dirty laundry they're hiding, the kinda stuff that would see the foley's behind bars for a good while.
NTEK stock = Foley family piggy bank.
Been this way for years, investors got fleeced and the Foley family made bank.
Now Ultraflix has zero content worth paying for, and NTEK has no cash and owes millions in legal settlements.
It's a joke. Don't get me started on the financials... They're as factual as Santa Clause.