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As per IR last week, financials were going to be released albeit very late the beginning of this week. Outerweb was jumping up and down, the shorts were supposed to be worried like they have supposed to have been for years now. Yet here we are Friday and no financials. Mark that as another lie among numerous others from NTEK. No doubt insiders on outerweb will deflect and spin this as being normal for a growing company. NTEK => unaudited penny stock scam whose founder is a convicted felon. FACT! BAM!
Getting a good chuckle reading the outerweb’s nonsensical spins to appease investors deep underwater with NTEK. They actually assert that the $21 million is real as if anyone would even give a fraction of that to an unaudited penny stock who’s leader is a convicted felon. What more to spin that nothing is happening at NTEK there’s no need to worry it will take a decade for 4K/HDR to saturate the market so there’s plenty of time. Isn’t that hysterical?! By then they’ll be 8K and beyond or have a new technology that creates an even better enveloping experience. Meanwhile, some will be applauding the potential arrival of the lost ship with the NP-1s on board. No wonder there are soooooo many scams in penny world. Plenty of investors out there to feed them with horse-blinders on.
What kind of BS is this stock. Who buys 25 cents worth of stock when the fee to do so is 20X that.
It amazes me how some shareholders are still completely oblivious to this obvious scam. So many promises broken, just relying on false daily short report if they did any DD on they would know is meaningless. Even FINRA’s own site says so and states the biweekly report is the accurate one which shows very very different numbers than the daily artifactual one. Overall extremely small short interest yet naive investors would think that 40, 50, 80% daily are short or naked short like the spinners want them to believe. Two years back in one of the last shareholder’s letter it was promised NTEK would be transparent and give monthly shareholder letter updates and the outerweb was rejoicing and saying shorts are worried. Meanwhile stock declined precipitously and NTEK fell silent again literally right after they said they no longer would be. But relatives of Foley still post on outerweb spins of great things coming and how UF is better than Netflix. Anyone losing money now sadly deserves to.
Amazing. David Foley tweeted a gofundme page to help his brother Jeff who lost their home in the Ca. fire yet can’t even produce a shareholder’s letter or financials for his shareholders. Then again didn’t the Royal Cap shell company which was owned by David sell over $20 million dollars worth of NTEK shares? You would think David has plenty of money hidden somewhere to assist his brother. I remember years back how NTEK was paying Jeff like $16 thousand a month to rent office space at his Ice Carving business (as if they were really using it) then when I mentioned it here multiple times NTEK decided to buy it. Really! Like a streaming company needed Ana Ice Carving business. They never mentioned what they paid for it. Then mysteriously after a year they gave it back to Jeff but again never mentioned if he paid NTEK for it or it was just handed over. The Foley’s have been playing their shareholders for year now. This is a scam plain and simple.
That statement is categorically false. They have made many promises to sell shares but have offered very little. In fact they offer much less this year than they offered last year and even then it was a joke. Notice that they no longer proclaim being a leader in 4K streaming not that they ever were. After two years the promised shares of NTGL are just as empty as their promise to deliver first rate content.
Outerweb in damage control trying to explain away the ‘Stop’ sign on the otc. Kind of like a Fox News spin. One excuse is that the financials this year will be more complicated when in fact they should be just as easy if not easier since they lost all the Paramount films sales should be significantly down. Amazing how they blindly follow a convicted felon no matter how many rotten bones they’re thrown.
What a joke this scam is. Here's what a major NTEK supporter said on the outerweb on July 18 of this year:
"...based on NTEK's own timeline (not mine) we are going to have to see something concrete by sometime in the August 2017/Labor Day time period.
If we go into the Labor Day 2017 and there is no real mega news but only updates to Davids calendar and a few DF tweets IMO it is over and we are toast."
Apparently he forgot this post because he continues the great things ahead on the outerweb. Bear in mind they were talking about the (fake) $21 million back then already.
NTEK =>> Keep moving the disappointment bar.
BBAM => False
Hysterical BS from the outerweb about the fake $21 million being a ‘lock’ then contradicting it by saying funding not fully completed. In other words no real news just trying to appease longs into holding indefinitely because they certainly won’t be happy with the year’s financials coming out next week and it certainly won’t be audited as promised for at numerous shareholder’s meetings. What more to state got a private written confirmation and news would account as insider information which legally, well if it wasn’t just BS would certainly get some in trouble.
Yes, if your aim is chapter 11.
Fake News:
NTEK => Getting $21 million in financing
NTEK => Deal with Apple
NTEK => UF everywhere
Real Facts:
NTEK => unaudited penny stock
NTEK => founder convicted felon
NTEK => just a minor app. of thousands only known on penny stock boards
NTEK => small library of mostly garbage no one would watch no less pay for
NTEK => years of lies and moving the bar when reneging
NTEK => several lawsuits engaged, and company's accts. garnished
Of course it's a scam just like NTEK. Birds of a feather... apparently sold out hundreds of thousands for well over a year yet never seen a phone anywhere. It's like NTEK's NP-1. Shipped 30,000 out, oh wait didn't ship out have to wait for google update. One lie after the other and there's always fools to believe them.
Hmmmmmm. I thought LG + UF, Samsung + UF, Vizio + UF, Sony = UF was going to be huge last year and that was before they lost their entire Paramount library. How'd that work out. Only thing huge here is the declining PPS.
Reported today that Netflix is paying $6 billion for content this year but this unaudited penny stock run by a convicted felon is supposed to be a leader in movie streaming. What a joke!! Only on penny stock boards people have heard of this scam.
Apple teamed up with virtually all the major studios for content. In addition, they have 4K in HDR, no mention of scam UF though. That's OK the outerweb will move the bar once again and spin how UF will be able to compete with Apple with its bogus pixilated 4mb streaming with no content that anyone would watch anyway. A fake 21 million dollar investor into a non-audited penny stock with a founder who is a convicted felon. Anyone believing that BS deserves to be s bag-holder. At least it will be s learning experience.
I like the picture of the bitcoin farm in the article in Moscow one of many which makes MGTI's effort look like a joke which it is of course because this is yet another bogus pump and dump.
This is how the game is played in Pennyland. Keep those present and future bag-holders holding.
Meaning alternative facts and the street is skid row.
Word on the street is that this is an unaudited penny scam whose founder is a convicted felon an posting two year old PRs trying to make them seem like yesterday doesn't help. In fact it's just the opposite because two Year ears later there's still nothing on UF worth watching.
That's why naive investors should never take verbatim what they read on these boards. Many unscrupulous people pumping with multiple posts over real DD to hide the truth. Take note of those who played that game or pumped going to $10-30 and move on.
Warned here two months ago. I stand by all my posts. If you look at them about specific companies over the last three plus years every one proved correct. I find it relatively easy to pick/find the scams in penny land, I only wish it was that easy to find a true gem.
This sounds like scared damage control to me. Trump isn't going to write an executive order allowing any company to manufacture and sell what they like to the public without oversight. The FDA has strict guidelines to protect the public from these snake oils. This company has breached a number of regulations and pipe dreams and fantasies aren't going to cure any of them.
Looks like they still believe it shouldn't be considered a 'drug' as per FDA's guidelines (to get out of very costly compliance). Unfortunately, it is the FDA that decides this not them irregardless of anyone it supposedly helped. That's immaterial. If the environment was so sterile how come the vents were coated with dust?
This stock was a scam from the get-go and I warned people years back but got the usual, "why are you here if you're not a long," "you're a basher" "you're a short" etc. Essentially the usual response I get when I try to warn people but insiders or bag-holders want to fool new naive investors. That being said, with regards to the new owners, a quick DD will show that the new Director, CEO,CFO, Secretary and all the other titles they gave the singular individual now in charge already started another penny scam years back and left. It is currently triple zeros just like VOIS. Don't be fooled here by large volume. They have nothing to offer except creating new bag-holders, not to forget the numerous current ones.
Where's Alan's short report?
Another lie, M&M foods founded in 1980 by Michael Voisin and Mark Nowak who ran it until around 2014 when it was sold. Yup this is a scam.
Bogus bio. as right from the start we find a glaring lie. Jiffy lube started in 1971 four years before he even graduated college.
Considering that they only have $193 in their account and the CEO is paying himself handsomely even though they have no employees or sold a single product anywhere and that they are paying a 5% owner for a lease in Canada and tens of thousands of dollars so far this year for unspecified expenses they need to dilute substantially because that is their only source of income. Do realize that the vast majority of penny stocks are scams and when one finds even one questionable thing on their financials this is generally a huge red flag. This company has numerous red flags. Steer clear or become another bag holding penny stock owner.
A quick perusal of the statement indicates extraordinary red flags even in the scam penny stock world. Let's see one year ago this was simply a mineral exploration company now 180 degree supposed leading X-ray technology. Yup only in the penny world you find such extraordinary occurrences. They have no employees just Moses who pays himself extraordinarily well considering they have sold nothing and only have $193 in cash, and Hooper who is a director as another resigned. They have a small office of which they pay $497/m in LV and another office in BC Canada of which they pay $250/m. The latter is subleased from EMAC which is in fact a 5% beneficial owner of the company. They've been paying EMAC for years even when they were a mining company that also failed and this year alone have paid them over $27,000 for service/expense reimbursement whatever that is hehehehe. Studdart and Thorwald who were directors in the past left ironically on the same day April 30 2016. This is just from a quick scan if I wanted to I could find way more but what's the purpose? This company is clearly a dilution scam selling dreams to future bag-holders.
Yup, in the scam land of NTEK a drought is blamed on the sun and rain.
What a joke!!! They own less than $3000 worth of NTEK stock, and that's with today's end of day last minute $180 buy well above the ask to paint this scam. Meanwhile in the real world, lawsuits, garnishments, and probable jail time for the principles.
That gave me a good chuckle just like the daily short report which also is bogus.
"A fool and his money are soon parted."
Not to worry about shares as the Foley family will just print more as they've done for years now. Promising great things but never delivering but moving the bar further down the road. I've warned about this stock over three years ago. Those that listened are not down over 95% with their investment. Any real DD will quickly show what this unaudited penny stock really is => SCAM. When the founder is a convicted felon on multiple counts that should always raise eyebrows. When it is a penny stock the slightest discrepancies should raise RED FLAGS. Here we have a stock that has too numerous to count discrepancies and getting worse by the week. The game of empty promises like funding from mysterious third parties or interest by Apple, Google etc., has worn thin. Finally, in any penny stock when the shares go down and people start to blame shorts/naked shorts this alone is a reason to steer clear as it is the oldest game in the penny world with dilution scams to blame shorts for declining PPS.
The problem is NTEK has no assets to speak of. They paid the brother of the owner an unspecified amount for his ice carving business then shortly thereafter gave it back to him with no mention of money exchanging hands. This is a Foley enrichment scam.
That's all hearsay on the outerweb fan site. No proof whatsoever. The outerweb even saying that Apple was interested maybe Warren Buffett will get in on it too for that matter. What a joke this unaudited penny scam is. The founder and man in charge is a convicted felon; that says it all.
PT Barnum recommends this uniformed decision.
Considering that this was 0.003 last September is it any surprise the precipitous decline back down.
How is this article good for NTEK? Their only claim to fame has been their bogus 'secret sauce' that supposedly enables them to stream 4K content at extremely low Mb compared to other providers (it doesn't), so if you take away that need you have all the big boys with their hundreds of millions of dollars budgets to get whatever media they want.