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Selective memory. What about David Foley saying that 15,000 units already went into the channel back in January? Or for that matter when NTEK promised shipping in 7 - 10 days then on day 10 oh well not yet.
What revenues? They said they make a million a month on a ROKU channel that no one heard of or watched. With shows that no one heard of but because this unaudited non-filing form 15 says so it's gospel. There was supposed to be a big announcement 2 months back with Amazon and their set top box but nothing and they just presented their player. Everyone forgot that hype immediately and moved onto the next.
Buyback? They've been printing an average of 700,000 a day for over a year now. We know that as fact yet still believe they're going to start buying back stock. Whatever they say is gospel to ears.
DF is nothing to these guys. They never heard of him. What we do know about DF is that he's an admitted liar and felon. He stepped down from being the CEO after admitting to the same and gave the position to his brother JF who had no tech. experience prior to the position, no college, but was an ice sculptur by profession. You can't even make stuff up better than this. NTEK then went silent (form 15) so they wouldn't have to report financials although they did promise audited reports at last years and this years SHM but still nothing but promises. If you look at all their PRs over the years a lot of fluff but no substance. Still people are waiting for something to be true like FINALLY shipping their obsolete player that is over a year late.
Agree they are about results not penny stock form 15 who have been promising the np-1 for over a year now and nothing. How many times did they say it would ship and didn't within the last year? Now if it finally does and that is a big if people will say see how gold NTEK is? Why? Because it took them a year to get a product out they've been promising for over and over again. Now the next push is going to be if they get an app. installed on smart tvs like that is something amazing. My Sony has over 130 apps on it. Don't even watch 1% of them. They have literally nothing in movies worth watching in 4K. It has been asked over and over again in the last weeks to name 5 top movies on UFlix yet nothing but silence. Google could care less about NTEK because it is nothing they could produce a far better better player if they wanted to.
Another 20 hours of garbage. Notice how they never mention the specific material. Purposely vague because they know the material is junk. You can film 100 hours of a blade of grass growing doesn't mean anyone going to watch it.
The movie selection on ultraflix is garbage. No one on their right mind would pay for such trash. The other thing that people are missing is that you have to go with the source material when up converting to 4K. If the source is low quality then the 4K conversion will be awful looking even worse than the original.
Already preparing for no credit charge for the np-1. The positive spin is going to be the np-1 isn't important but ultraflix is where the money's at so we should forget the player. But ultraflix has no substance nothing worth watching. No deals with any major studio just hearsay and vague promises.
It just amazes me how people overlook the obvious lies even with definitive proof as written by DF back in Jan. regarding the 15,000 units and still call NTEK golden. But they believe statements from NTEK without proof or audits reiterating them over and over as if gospel in a pink form 15 company. Wow.
Sorry for the delay as I do work but stated over $1 million a month on just the ROKU channel. How do we know that is in fact true? Do we take an unaudited form 15 penny stocks word for it. And if I recall the shows that are on them that we are supposed to believe generate so much money no one would watch.
If I recall last time the 7-10 day window came a few here mentioned to have gotten one then fell silent when NTEK stated they wouldn't be shipping. So I wonder what we'll hear this time when nothing happens in a few days. What positive spin will be given to justify the new failings of NTEK after all people have been waiting for over a year now for their NP-1.
And who in their right mind would pay to watch that content. So this is where the enormous income stream is going to be coming from?
Fool's Gold
Divi's in a company that is just starting out and is in need of cash is an especially worrying sign. Especially when you note that there is to be several given this year. What company does that? Then remember this is a form 15 (no reporting) penny stock and that they want to entice people to keep buying shares while they print them by the millions.
Still no one at NTEK can name the five top movies that Ultraflix currently has even though they have been going on 24/7 for months now. This has been asked multiple times the last few weeks with no answer. Makes you wonder.
The next week or so is going to be important for ntek. If the NP-1s do not roll out in appreciable numbers or not at all this stock is going to tank as yet another lie from the company. The positive spin for failure will probably be 'start' to ship end of the month not ship so if one goes out that would fulfill that vague statement. We have conclusive proof that DF has lied in the past indeed he has admitted to it in court as part of his plea bargain deal. Even after that as he mentioned in an email in January that 15000 np-1s were already in the channel and we know that wasn't true. What also strikes me as interesting is that part of his plea bargain deal was mandatory psych. counceling for years after his return to society from jail. Why would that be in a plea deal unless this was brought up by his counsel as a reason for his multiple lying and stealing in the industry and to a bank. So he admits to a personality disorder that merits years of counceling and we have already caught him in several lies after the fact. So one should be very careful of statements coming from him in general. Now he reads this board and most certainly will read this. We are still waiting for a list of the top 5 films on Ultraflix after all it has been upconverting movies 24/7 for months now surely you can name 5 films that would hold people's interest. Can't you?
"Existing NP-1 customers can contact NanoTech to arrange an RMA for upgrading their device."
That's funny no one in the world has ever gotten one so why would they need to return it for the update. What happens at the end of the montha nd no one has gotten one yet? I wonder what the excuse and positive twist will be then.
Asked based on what and answered with nothing but a hope and dream that has no basis in reality. NTEK is a scam and when there's still big news ahead, soon released, etc. talk in Aug. I will say it is a scam then as well. If look at posts on this board one year ago you will see the same positive comments and big news and here we are a year later and with the same expectations coming soon.
We don't know for sure only taking the word of a Foley that Google is holding up the units. What will NTEK say in Aug. when there's still no release. What will be the positive spin then? Forget that we're looking long term Ultraflix is where the money's at. Certainly many will turn a blind eye again as usual.
What if Apple wants to scrap its tv box and just go with NTEK? NTEK thrives on dreams and delusions.
Actually DF said 15000 already in the channel in an email back on Jan. 21. So yet another lie from NTEK.
1 + 1 + 4
Mark Cuban would have no interest in this company. Personally I would love him to meet the Foleys he would roast them alive for the scammers that they are.
We have started shipping distribution and retail orders. I disagree with your statement that people lose interest. Online orders will start shipping in a few weeks. The first 15,000 went into the channel. The second run is 25,000 and will be used to cover the online sales and place inventory with Amazon.
The above is an email from David Foley in January.
Yeah, this is a legit company, NOT
Where's your np-1s? Why's it taking soooo loooong to get a pass from google.
So the unaudited company tells you
and you take as gospel. No proof but talk.
As I mentioned in a previous post plea bargains are virtually always much less than the reality of what really happened. So you can be pretty sure that the original crime was much worse than what DF accepted and admitted to with the three felonies.
Your statement is conjecture. This is currently a form 15 non audited company. You are regurgitating what this company tells you as fact but there is no proof of any income except the selling of stock. It has promised audited financials every year for years and still none but another promise. The NP-1 player was also promised for over a year now and no one has it on the world even those who ordered it over a year ago. Their latest excuse is that they're waiting on google. Do you really think that takes a month . It seems either people on this board take verbatim what NTEK tells them as gospel or they try to positive spin every failure.
They realize that they dropped the ball and after a year have nothing but more promises of the np-1 coming soon. So now they'll divert attention away from that and focus their BS on Ultraflix to garner more hope. No matter what happens be sure to hear a positive spin of the negative. Oh the stock price is crashing. Great now it will be cheaper for them to buy back what wonderful news hehehehehehehehe.
The dividend was paid for by stocks sales and that has already been proven. Then you have to wonder why they are giving these dividends if they're just starting out and need money for growth. They have a product that has been promised multiple times for over a year and nothing but yet more promises.
We don't know if they're profitable at all. You are only going by an unaudited penny stock's report which is meaningless. This company has lied numerous times about delivery dates of the np-1 as well as the start of ultraflix. DF has already mentioned as far back as Jan. That their were already 10000 units in the pipeline as well as Lorraine stating thousands have them yet no one in the world who ordered their unit more than a year ago now has gotten one. They mention over a million a month in profits yet cannot give a tangible explanation for it. They mention shows that no one ever heard of/and would watch as the source. They mention tons of deals but no where have we seen actual streams of income or movies that anyone would ever pay to watch. No matter what this penny stock says from DF a known felon and his brother who had no experience in tech. you take as gospel. The only definitive thing that we can say is that they sell stock. One also has to wonder why a penny stock who's trying to strike deals with numerous studios and realistically need a lot of cash to do so would be giving multiple dividends (albeit small) in the same year whereas legitimate corps rarely do so if ever.
Since I have the Sony 4K set I got a number of free mastered in 4K Blu-ray. No where on the disc or case does it mention Nanotech. Of course it isn't a true 4K as it is 1080P disc. They do come with a redemption code so you can watch it on other media devices via the Ultraviolet service.
Sorry my phone slipped out of my hands and I touched the submit button. I was writing as a 4K owner I see absolutely no benefit of watching 4K on a smart phone. It is absolutely absurd.
I see no ben
What content? That's the point. If in fact they are up converting 4K material 24/7 what is the material? If it is junk then it's worthless. No one is interested on Gomer Pyle USMC or whatever garbage they have. No big studio has given them any films worth watching FACT. All your other points talking with Sony is just that talk nothing real just hearsay and wishful thinking. As I stated many times here already my Sony 4K has over 130 apps on it already very rarely do I use them as the vast majority is garbage. Personally I see no reason why Ultraflix cannot be another app as it would be extremely easy to do. But no one would watch it and certainly no one would want to pay to use it. Sony already has their 4K player with over 200 hours of content and many top name movies. Even so if you read the A/V boards regarding their 4K sets and player most people are not paying the premium to watch them. But you want to believe that people will all of the sudden want to watch UF with their lousy content and pay for it. Time to smell the coffee.
24 hours a day converting what to 4K. No studio has given them films that people would want to see. So 1000 hours of junk has little meaning. Are you waiting for Gomer Pyle USMC.
Wishful thinking on your behalf. I mentioned that there would probably be a significant reverse split last weekend as this is the only way NTEK is going to be able to reduce the number of shares. It certainly isn't going to be through a share buyback. Especially since they're continuing to print them to the tune of 700,000 a day.
This is from an email DF sent back in Jan:
We have started shipping distribution and retail orders. I disagree with your statement that people lose interest. Online orders will start shipping in a few weeks. The first 15,000 went into the channel. The second run is 25,000 and will be used to cover the online sales and place inventory with Amazon.
Another lie from an admitted felon and liar.
If you recall the excuse they used here several months ago was that it takes BB several months to train their employees to use them hehehehehehe.
Ahhhhh, so my guess over the weekend was correct. NTEK will definitely do a reverse split. I thought 10:1 but it's going to be much higher than that. So the longs here are going to find their large accumulation be a rather small number because once that split occurs there's going to be a major correction.
Audited financials were promised soon at LAST year's SHM. I guess it does take time.
My Sony 4K has over 130 apps another one or ten will make no difference. You guys think that everyone is going to drop everything and just watch ultraflix. This is a pipe dream.