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Considering he owns by far the lion's share (over a billion shares) through his shell company Royal Cap., he can do whatever he wants. He never even explained how his wife who doesn't even work got over 30 million shares while he was in jail. Absolutely fascinating watching how easily people are fooled from on scheme to the next and follow blindly nonetheless.
One of the family relatives on the outerweb wrote this longwinded diatribe on how NTEK is overcoming adversity and doing a great job. It would be nice if he could tell the shareholders who the officers of the company are because no one knows and when the financials are coming out since the yearly is over two months late, even the quarterly is way late. Funny how these important subjects were not broached nor when the infamous 3.0 update that people have been waiting all year for was coming out. He did mention that NTEK already has 8K developed. I almost choked with laughter reading that. They don't even have true 4K just upconverted 2K and people have been waiting over a year for that and still not available. Any stuckholders believing any of that nonsense sadly truly deserve their loses.
But, but, but smart investors making money, right?
Can’t wait for the short report!!!
True fact is the vast majority of NTEK shareholders have lost literally their entire investment and are way under water. Hoping for a miracle that will never happen. The few who have made money are insiders that gave themselves or family members free shares whether they worked for NTEK or not. So many more penny stocks that easy money could have been made but naive investors got scammed here and now are so deep that even though the company has been silent for most of the year, they can’t even name the officers of NTEK and that the yearly and quarterly financials that were supposed to be out but never came are all overlooked because now they have no choice. Their investments are essentially worthless.
Yearly financials well over 2 months late. Quarterly financials due and late. Complete silence from NTEK for most of the year. No one knows who even the CEO is yet business is booming?! How does one arrive on that conjecture?
Awesomely painful decline in PPS.
Stuck-holders loosing their shirts!
BAM! FACT!
Did this scam finally get halted?!
Thank you. My very first post here 3/01/2014 was a warning.
Yup less than a dollar’s worth of trades. Brokerage fees cost more, but let me guess people are making money here. Hehehe
Maybe in the back alley of skid row and hearsay on a fan board but corporate silence and no financials prove otherwise.
How does one know that? The company has been silent for months. The financials are extremely late. Bills not paid. Doors locked and looks like no one there for months. Then even if one sold the entire volume today at the increase in PPS they would have just made $269. Yup, yet another loser penny stock scam with longs deep under water.
How is this ascertained with no financials? Conjecture for this penny stock down more than 98% for the last few years with sooooooo many bag holders.
Who buys 6 cents worth of stock?
Agree with some penny stocks but NTEK has been consistently declining for years no real money here.
Used to say they were the leader but they don’t say that anymore. Come to think of it they don’t say much of anything just rely on hearsay. Certainly their over two month late financials speaks loud and clear.
BAM False!! No financials as they are over 2 months late even though IR reportedly guaranteed them several weeks back. What more, if someone sold the entire day's volume by the increase in PPS they would have made $142. So many other penny stocks out there that would have made much more of a return with similar volume and they know who their CEOs are.
Someone decided to spend $50 to make the bag-holders rejoice and forget that they never got their promised shares over two years ago and that their 4-5-6 figure losses in parent NTEK represents that they were scammed. No worries, they’ll post the daily false short report as well. PT Barnum would have loved NTEK.
This is completely untrue! There are no financials that were due over two months ago so there is no way to know about business. Secondly if people are making money, let’s just say if one person sold all the shares of the 172000 yesterday that exchanged hands for the final increase in PPS they would have made less than $36. Clearly there are far easier positions to take in the penny stock world and make a quick profit than this scam.
6 shares the shorts must be worried! Hehehe. The outerweb still blaming the shorts and trying to prove it by posting the daily short report which any real investor knows is completely inaccurate and this fact is explained and verified by FINRA. The biweekly is the true number and it paints a completely different picture there by proving there is very very little short interest.
One simple question. Who’s the CEO
If the old films are up can’t someone inform Paramount of this illegal activity? I don’t have the UF app. so have no way to know if true or not.
Reading the outerweb is both laughable and sad. Encouraging people to buy this scam when they can't even name the officers and the unaudited financials are over two months late. What more alluding to the high short interest from the daily short report that everyone with a semblance of knowledge knows is completely inaccurate and only the biweekly, which is extremely small, is true (even FINRA themselves state this). To encourage marks to go to another broker because their present one won't buy this scam is truly low.
Very nice for insiders only, giving themselves well over a billion free shares. Everyone else under water holding a bag.
Smart investors have so many easier ways to make money in the penny world. It’s difficult to make money in a stock that has gone down for years and continually does so to new lows. Only people who have made money were insiders who got millions of free shares. Even the founder’s wife was given over 30 million and she doesn’t even work for NTEK. Yup, another insider enrichment scam.
So the true accurate short position is appreciably smaller (less than 2% on this report) than what one sees on the daily artifactual one yet why then is it posted here and on the outerweb daily. Hmmmmmmm. Maybe just to fool naive investors or shift blame for the precipitous decline (over 98%) in PPS from management because this is a scam to non-existent shorts.
Meanwhile, in the outerweb fantasy world. NTEK is going to soar to new heights. Never mind a crashing PPS and absolute silence from the company. Forget that this is an unaudited penny stock that has not delivered year after year with their promises be it at shareholder's meeting or in shareholder's letters. Not important they can't even name who the current officers of the company are with certainty. Brush off the state-of-the-arts accounting company that NTEK supposedly had on board that has failed to deliver their yearly financials now close to 2 months late. Nope. All is well and people who sold will be sorry. Then again in reality all (other than insiders with their free shares) who bought NTEK shares at any time are sorry.
Denial of silence from company, potential incarceration of officers, extremely late (unaudited) financials, and precipitous decline in the PPS is futile. No matter what damage control insiders and bag-holders say on the outerweb, this scam is swirling down the toilet. Only green days in the future will be from last 30 seconds of the day small volume paint.
No it hasn’t except insiders.
Even with that logic this is the wrong penny to play as it has been going consistently down. So many more penny stocks that are also scams one can make easy money on a flip via fake PR.
Yup, an unaudited penny stock where the founder had been in-prisoned for multiple felony counts. Where family members with no experience had been given key positions. The founder’s wife 30 plus million shares and she doesn’t even work for the company. A short-lived CEO who gave damning evidence against said company. Multiple promises that have never come to fruition. Promotion companies paid to create fake news more than a dozen times. A share price down more than 95%. A company that promised no increase in AS then immediately increased it by a billion. A company that promised no RS then did so by 25:1. A company that promised monthly shareholder letters and updates then went completely silent. Yearly financials close to two months late that were promised early last week by the founder. Still no NP-1, no Akyumen phone with UF. On and on. NTEK is yet another penny stock scam and virtually all who have bought the lie are down significantly except of course the principles.
Where are the NTGL shares promised over two years ago to shareholders? I remember people excited and how the shorts were scared back then as well. Of course that was before a billion shares issued and then the crippling reverse split. My condolences.
Not weird just false. No evidence of any money being made as the financials are extremely late. Just a pipe dream. Why would David Foley (IR) promise the financials early last week after being over a month late and still not issue them??
Can you believe the Koolaid. Outerweb actually thinking that the financials will be audited. It is already over a month late and IR (the founder of NTEK) promised them early last week and nothing materialized. Forget that at every shareholder's meeting for years it was promised shortly. Around two years ago they even said that audits would be ready in days for NTGL and that never happened along with the promised shares for that stock to NTEK shareholders. It's absolutely amazing that after all the lies people are still grasping at straws and forgoing reality and hope for fantasy.
How is this a fact? Financials due 1st of Sept. and literally promised by Investor Relations (who is actually David Foley) the beginning of last week still not out. Multiple lawsuits and judgements against NTEK in the millions. FACT! PPS down well over 95% FACT!! The only place NTEK heading is to the dumpster. FACT!!!
The outerweb insiders have avoided commenting on the lie of the financials though promised early this week albeit still significantly late by IR (David Foley) as not happening. They make up stories of how UF is beyond other companies that have invested literally billions and promise that things will be happening soon. The same mantra as stated there for multiple years but never materialized. No doubt there will be no financials this week nor UF 3.0 released nor legitimate films put on UF, just more promises and how the shorts are worried. Meanwhile virtually every long down at least 85+%.
This is because they know how naive NTEK investors are. So they deflect the reality that they’ve been scammed and point the blame at a made-up source. Every smart investor knows the daily short report is not a real indication of short volume. FINRA themselves admits to the same. It is the biweekly report that shows the true short volume and not an artifactual one seen in the daily report, and the true numbers are widely different. Yet the daily report posted here and on the outerweb daily even though it is known to be false just to appease NTEK investors.
Wow, radio silence on the outerweb about the promise from IR that the yearly financials would be out this week and yet never materialized. Of course IR is David Foley, the founder and convicted felon requiring mandatory psychological counseling by judge for years.
I saw that and had a good chuckle. It doesn't explain why their financials are late and way IR promised the 'late' financials early this week and still they never came.
Yeah, but it keeps bag holders fooled thinking something is happening at NTEK so they forget the late and promised financials. They forgot the promised NP-1s. Funny how they’re not talking about the partnership with Akyumen another scam whose projector phone after years of production still can’t be found anywhere.