https://www.youtube.com/watch?v=xLpfbcXTeo8
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There is a lott of munny gonna be lost in the collapse of this scam.
KBIO will be under a buck in weeks, into the single digit pennies by summer, bankrupt by fall.
Next Christmas, this dog will be liquidated in Chap 7 with all assets sold off and it'll be a zombie ticket.
That was all part of the scam. Usually is in these mining scams. The giveaways are that while all the equipment is scratched and dusty, everything with the company logo on it - from signage to hardhats - is pristine without a scratch or a spot of mud or even dust.
It's common in these mining scams to do that. Videos, pics, etc. - butt the scamco own none of it and has no license rights or leases. They simply bribe mine personnel (or oil well riggers, in the case of the older petroleum pennyscams) to come on the site and pose for pictures and shoot video.
It's a very old and common play in the pennyscam playbook.
Fake documents are too. All very old game plays.
Oh man, that's totally bull.
"I guess that I am in Basu's head"
That must be lonely in there with all that empty space, and dark except for the occasional shafts of sunlight coming in through her ears when it's warm enough for her to take the hood down and she digs ~OUTT the impacted earwax.
Must be quite the echo chamber in there.
And after this RS, it will be back at 0.000001 within two weeks, four at the most.
Brokeass Basu has zero credibility with anyone that has any sense.
Gett used to the EOD paints and the day's VWAPs being negative. That's how these dilutions scams roll.
Welp, that's all that's left. Brokeass Basu blew everything else.
Whatever she can beg on the street, she keeps for herself - for her monthly bus pass, a plastic drop cloth to protect the PPJE office/shopping cart from the rains, or new rolls of toilet paper to print fresh shares of common or Class E (those will cost ya $40 shipping/handling) shares on.
Brokeass Basu at the PPJE office Christmas party
All that is totally irrelevant. The FACT is that unless one is on the existing SPNG restitution list, there is no recovery in any universe. It's over, bro - the shareholders' munny is G-O-N-E and it won't be coming back - nott even sending a postcard.
"Ought" is an empty word.
Cancer "ought" to be cured.
We all "ought" to live forever or as long as we wish.
There is "ought", there is "believe", there is "wish".
Any crackpot theory can be floated. It matters nott.
"Is" and "are" trump "ought" and "wish".
As in: The SPNG shareholders' munny is G-O-N-E and won't be coming back. Any and all SPNG shareholders who are nott on the restitution list are nott going to ever see even a half-penny on the dollar - they will see NOTHING.
One can face the facts, or one can live in DeNile, as SPNG perma-victims choose to join the CMKXers, the CSHD bagholders, the CRGP folks searching for a ghost CEO "Adam Carter", or the LOCH holders still waiting for one of the 17 different 'inventions' to finally be tweaked into anything that can be sold to anybody - from Tuli cattle to solar pumps to landmine detectors to drug scanners.
All of these victims have and will get NOTHING. Yet there are still hangers-on who search for NSS unicorns, hidden CONspirators, and a worldwide settlement as the Dollar is replaced by the Iraqi Dinar.
There are still folks who believe Bre-X and ZZZZBest were viable businesses destroyed by the evil NSS.
There are still people who believe a hick in backwater Georgia somehow gott $9 BILLION in Venezuelan bonds with no collateral and no net worth (CSHD scam). Just somehow Venezuela gave this guy the whole $9 BILLION bond series for NOTHING. Yes, there are still those who believe that, and that the CEO from Georgia was railroaded by a huge NSS conspiracy with the Rothschilds, the Vatican, and the SEC all in on it.
The FACT is that SPNG investors bought into a fugazi - a scam company designed to defraud the market by selling a huge number of shares issued and unrestricted illegally by Metter and Mosky - the designers and implementers of this plan. May they have had later co-conspirators who aided their plan? Perhaps, butt that is nott helpful to anyone who willingly bought into the SPNG scam on the false belief that it was or ever could be a viable business.
Their losses are simply the result of poor diligence. No person doing adequate DD could have ever believed the nonsense stories from SPNG about the potential market for sponges, the sales, the supposed buyers, and the lies about the share structure which were clearly lies.
The only person responsible for losses in SPNG are in the mirror. It takes two for a conjob - one to do the con and one to believe in it.
Metter and Mosky pulled the con, SPNG investors believed in it.
That's the sad butt true fact.
One can whatever one wishes. The data are clear. NTEK T-trades portend more dilution and dumping and PPS decay.
Two years of the same ole dilution, dumpage, endless PPS cratering, new lows with lower lows and lower highs, and the endless string of T trades. DOWN 90 percent in 2014 and on track to be DOWN another 90 percent for 2015.
Those are simple facts.
Anyone is free to argue anything. That 1+1=3.382 or 1+1=0.00294
Butt the data, she don't lie.
If, by some bizarre twist of fate, Don Trump becomes Prez O'da USA on January 21, 2017, I am gonna have to lobby him to make shure that DaFoleyFelon, DAVID RUSSELL FOLEY, Bureau of Prisons inmate no. 13141-111, currently incarcerated at CI-Taft, getts to spend his second tour (return visit) in the BOP for securities fraud et seq. in Guantanamo Bay Detention Center.
DaFoley wood fit right in there. He could do 10 years standing on his head - literally.
Just one executive order and BAM, FoleyInDaGitmo.
NTEK let their trademark registration go abandoned and it's now dead.
I think I'll apply to register the mark FoleyInDaGitmoâ„¢ for the fields of (1) incarceration and inmate lodging and (2) pennyscam de facto CEOs.
Hay, it's only munny. If ya gott yer health, ya gott 99.9 percent of life handled.
All the rest is just noise.
As the song says, the best things in life are free.
As the other song says, freedom is just another word for nothin' left to lose.
Maintain perspective.
Well, about that "thinking" part, I'd suggest a very different verb.
How about:
"I've met Adam Carter" on the front and on the back of the t-shirt "And he is us"
NTEK is indeed ridiculous. That part of his statement is true.
It is a ridiculous scam. Any buying is met with a FLOOD of new shares converted from the floorless convertible notes held by the criminal and his fambly.
They can print more shares than the market can ever buy - and they do - and will continue.
They use the SUPERVOTING Series A Preferred shares held by the insider and his fambly to control the corporation and print and dump endless numbers of common shares converted immediately into free-trading shares off their backdated floorless convertible notes.
As I wrote, NTEK is just a securities fraud scam waiting for the SEC suspension, civil suit, and the arrests (and FBI vans to haul off the computer hard drives and documents).
Happy New Year, NTEK! Here come the partiers!
NTEK 2-year shart:
Went from .175 to 0.004. Float went from 400,000,000 to 1,610,000,000, with 1 Billion of that in the last 12 months.
And still printing and dumping into the float every week.
It's a floorless convertible death spiral. Run by insiders (the kingpin of which is right now in Federal prison for two separate convictions for fraud.
These are simple, verifiable facts.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91834257
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119255816
"I also doubt that is a FACT"
Doubt what you want. Or pull the 2 year shart for NTEK and the Form T reports during the last 2 years.
Those are simple facts.
NTEK is a scam. In fact, it is a criminal securities fraud case waiting for the SEC suspension and the FBI vans to pull up.
Go back and read posts.
NTEK is one of the worst insider enrighment, share-printing and stock distribution scams currently in the pennystocks.
Pull a 2 year shart. Read the old posts from mid-2013 forward.
shajandr
Monday, 10/07/13 07:45:10 PM
Re: None
Post # of 6344
That trade was a Form T trade - an afterhours reported exchange. You see this frequently in penny stocks. It is usually the insider transferring a block to a broker who has been working the block synthetically from his own account (i.e., shorting against the box knowing the insider block will be traded to him).
Here's a way it can work. Insider wants to sell a 125,000 shares. His broker says "I'll work a 125,000 share block and see how much I can dump into the market using my house trading account over the next 10 days - then we'll report the formal transfer of you block to my house account at the WVAP over that timeframe for the shares sold (or a discount to the WVAP). I'll take a 30 percent rip of the gross proceeds and you'll get 70 percent."
So in pennystocks, single large blocks that are REPORTED after the close as Form T trades are often insiders true-ing up accounts with a broker who has been selling that block synthetically for some prior time period. If they were able to dump the whole block volume by the deadline, you often see round numbered blocks - like 125,000. If they were only able to sell part of the block before the deadline, you often see irregular blocks - like 118,200.
With regard to NTEK, T trades have been rampant for two years now and correlate with dumpage and PPS decline.
Two years of NTEK T trades and those same two years of 90+ percent ANNUAL declines in PPS.
So, for NTEK, T trades are harbingers of more dumping and lower PPS.
And it's been that way all the way down from 0.175 to 0.004.
That's the simple FACT.
In the pennies, T trades almost always are insider or toxic financier sells (in NTEK's case, the toxic floorless convertibles ARE insiders!).
T trades are almost always a very BADD sign in the pennystocks. They are common with dilution scams like NTEK.
Help to understand the misleading daily short numbers:
rbtree Monday, 09/14/15 02:34:57 PM
Re: Neophius post# 35098
Post # of 35110
Nope. Those daily numbers are meaningless. Only the first leg of a trade is reported, and that figure represents the ones where a MM went short to handle the trade. In almost all cases, a long entry was made right away to close the trade.
Also, since MM's only match buy and sell orders on the greys, shorting is not possible. And yet those daily reports still show shorts. Further proof the reports are meaningless.
The bi-weekly report at OTC Market is the only accurate one...And it showed about 30,000 in short interest, and no fails to deliver.
Shorting of any kind is never a factor with any low priced stock.
So keep posting those meaningless numbers.
Sometimes, the broker selling a block will use short sales if their house account doesn't have the security at the time, then at day end, they fill the short position with a transfer from the block seller's shares to flatten the position and be able to deliver the shares.
A T-trade is where a broker is squaring up the house account with a big block he was working to sell during the trading day - the price is the VWAP of his trades for the block owner during the day. This is how insider blocks get dumped.
Always watch the usual suspects for insider and toxic financier dumping - blocks being worked by VNDM, CDEL, VERT, VFIN, WDCO, BRKT, or BMAK.
The T trades are end-of-day squaring of house account trades with a transfer from the seller's block at VWAP for the trades (sometimes with a discount VWAP, sometimes with a rip taken the gross proceeds).
So those T trade shares were the amount SOLD today from a big block the MM is selling during the day from their house account and then flattening with the client seller block at the end of the day using the VWAP for the sales they made during the day.
Just more evidence of massive dilution and insiders/toxic financiers dumping shares into the market as they can from conversions of aged debt (so the shares are issued free trading and without restriction). In this case, it was Foley's Royal Capital Group dumping newly issued free-trading shares from a backdated floorless convertible note.
HTH.
There is no afterhours trading in pennystocks.
As has been explained many times, those T-trades are when a broker is selling a huge block for a seller (usually an insider) over the course of one or many days.
The broker sells ~OUTT of the house account as opportunities present themselves during the day, and then at the end of the day, they report a T-trade to square up their house account sells filled with shares transferred from the seller's block at the VWAP of that days sales.
Yeah, a multimillion dollar house bought right when he exited personal bankruptcy and claims he wasn't drawing any salary or other income from NTEK and the predecessor company that he rolled into the trading shell (Aldar Group) that became NTEK.
Yeah, guys go directly from personal bankruptcy and claiming to the court that they are too poor to pay for a lawyer in his criminal cases so they had the court appoint a CJA freebie lawyer -
- to immediately acquiring a multimillion dollar house, a Maserati, and a private school tuition for the kidd.
All while claiming he never took a dime in salary or other payments from NTEK while he was working there since 2007!
And nobody seems to question that magic. LOL!!! It's hilarious that some cannot see the blatantly obvious criminality in NTEK and DaFoleyCrimeFambly!!
ChitownMike
Tuesday, 12/22/15 09:14:36 PM
Re: Benji post# 336937
Post # of 336955
That's exactly the hold up. Going to max out the a/s and then start with the "we need to reverse split to attract better terms and uplist." Guaranteed that's coming.
See, I'd never want to have a binniss jet just for me. I'd feel too guilty (no, make that too wasteful) spending all that money and fuel and other people's time (pilots, ground crew, etc).
Even if I had Zuckerberg's money, I wouldn't feel right about it if it made no economic sense.
Butt hay, I'm a blue collar guy and I think and act practically.
I just picked up a penny lying in the discount grocery store parking lot yesterday in the rain (true, no joke).
Regardless of how much one has, why overpay? Why be wasteful?
Besides, the Gulfstreams don't have enough headroom for a guy of my height. I'd rather take a seat on a 767, 777, or A350. Honestly, a good first class on trans-Pacific flights is more comfortable than a Gulfstream. Why pay more for less?
OK, sure, you have to go through the airport and gates like everybody else, butt that's manageable with lounges and early boarding if you're in the right clubs/programs.
Now, if I had Zuckerberg's money, I very well might buy a T-38 or a Czech L-39C for fun (nott travel). That's a steep learning curve though. Long way up from the Cessna with a Lycoming.
That's what a tool would do. He ought to be enroute to Astana, where he can live free without hiding, have a really nice house, and make a bundle even if he's disbarred - simply doing CONsulting for transactional work and legal review/drafting/counseling internationally for clients in Kazakhstan or doing business with same.
Plus if he was smart enough to park a decent fraction of his cash or other assets outside the grasping hand of US authorities, he might nott even have to work. Plus it's nott too difficult to buy a second passport, so he could travel to quite a number of locations (for weather or just variety) and nott fear extradition to the USA.
Or if he likes heat - he can live in Dubai.
Belize? Hell no. That's no place to flee justice, IMO. Better life can be had in DaJoynt in the USA. Even a sailing life is off the table now, as the US Coast Guard now treats the entire Caribbean as its wholly-owned bathtub. One day that orange and white cutter or helicopter is off your bow and it's all over.
Fractional ownership and things like NetJets make it a lott less expensive that one might imagine.
If you spread the cost across 8-10 seats that you can fill, it's prolly often nott more expensive than 8-10 first class tickets bought day-of or even just less than 14 days prior.
Hell, even a business-class ticket to Tokyo from Cali is over $8,000 on short notice - and I've seen one person pay $12,000 for a biz-class seat to Tokyo purchased day-before.
10 seats like that and you're break even or cheaper rolling out the G650ER long-range.
Good! Diane Dalmy is a crook and should be both disbarred and imprisoned. At least this is a small step along that path. Now they need to make that ban permanent.
"he behaves and thinks like a kid"
His stint in prison will beat that right ~OUTT of him.
It often won't change impulsiveness, absurd risk-taking, and criminality. Butt it has a tendency to pound the 'kid' ~OUTT of anybody who is really a kid at heart.
Still no assplanation of why Richard Baker fled the scene of this crime-in-progress after only 2 months as a Director - like a squirrel with his tail on fire.
Maybe Richard Baker is in the Federal Witness Protection Program and is going to start a new life, trying to leave the stain and odor of NTGL behind him.
It's my hope that Stevia is able to do that too. Move on with his life and wash the stench of NTGL off him. Erase those years on the resume at NTEK/NTGL and replace with a more benign story - like doing time in prison, in a coma in hospital with life-threatening eczema, or exploring a career in panhandling. Anything to explain those missing NTEK/NTGL years.
Richard Baker is probably already relocated to some new subdivision in Fargo or Great Falls, where they serve egg noodles and ketchup and call it spaghetti in marinara sauce; living just like a schmuck.
Airball HighballWaterTower is suspended on WoV for a year. So we won't be able to mine that source for inane quotes from the El Ex-Prez-I-Don'te of NTGL ...
... until he registers there with another alias (probably before the New Year or shortly thereafter).
He'll be back on WoV. He can't help himself. Watch for a new poster on WoV who posts on the NTGL/NTEK, CasinoKat, and Pinball threads there - and who starts a thread about how to best land a gig running the carpet cleaner at low-end casinos.
"I finally gott one of my machines into a casino!"
No, there's no shorting. It is shareholders' accounts dumping the stock by year-end to take the tax loss in 2015.
FNRG is done. It has zero fundamental value - absolute zero.
Has been since St. Julien was arrested and all the shareholder lawsuits hit and the SEC suspended trading and this company became unfinanceable and has a history of massive operating losses which now have no way to be financed.
LOGG DOWN 85.37 one-year performance. Continuing to plummet as it should.
Still one week of trading left for LOGG to top 90 percent loss for the year. I have faith that LOGG can break that mark and be down over 90 percent for the year.
Oh yeah, another 52-week low today (both intraday and close).
They do expire - when NTEK files bankruptcy. Then those unused credits simply become general creditors' claims in the BK.
So, in other words, they'll expire by summer or maybe even by Easter 2016.
I do this all the time. I know exactly how that boilerlate phrasing is used.
If you want to piss off a judge, just tell them "there's no way in hell we'll ever agree to settle this matter".
Judges nearly always pressure the parties to settle - sometimes strongarming the parties to first try mediation with a neutral mediator, or a court magistrate - before a trial date.
Butt even without regard to that, all parties have a duty (lawyers owe a duty to their clients) to try to settle all disputes without resorting to trials and appeals that use up precious judicial resources and juror time.
We also know that investors feel better when they read crapola like "the matter is being resolved" or "the dispute continues to move towards resolution and the parties have been in settlement discussions".
It's all window-dressing. It is always technically true and unsophisticated (and even many sophisticated) investors read in a positive spin when worded that way.
It sounds better than "we're closer to the trial date this Q than last Q", but it means the same thing. "Progressing toward resolution of the dispute"
W(r)ong is NOTT saying K2 is settled, quite the opposite. See the prior post of mine for an explanation of the meaning of his boilerpate.
EVERY lawsuit - at ALL points in time - is ALWAYS moving toward a resolution.
EVERY lawsuit - throughout the litigation process (including appeals) the parties engage in settlement discussions - often judges require a settlement conference before a trial date - very rarely does it produce a settlement. Butt it is part of litigation to 'try' to always be settling the matter.
That is IR-speak - and any lawyer can translate it easily. Lett me illustrate:
"the K2 complaint is being resolved"
Translation: Nothing has changed. The lawsuit is still pending and proceeding. That is the process by which it is being resolved and continues just as before. The resolution process began when the lawsuit was threatened and then filed.
Every lawyer in the corporate world uses this catchphrase ALL THE TIME to refer to open legal proceedings.
We can even 'spin it more' (depending upon how management wants it) - like "the matter is being resolved and the parties are in settlement discussions". This says NOTHING. In EVERY lawsuit, at all points in time, the matter 'is being resolved' and the parties are always discussing settlement.
That phrase is boilerplate and makes people THINK the lawsuit is close to an end when nothing has changed.
It's typical deceptive lawyer boilerplate - and I've used and use it all the time advising IR people and in drafting/reviewing 10-Ks. 10-Qs, and S-1s.
Takehome message: nothing substantive has changed with regard to the K@ lawsuit.
LOL! You are getting no 'recovery'. Anyone nott on the restitution list is nott even going to gett the half-penny on the dollars.
The endless nonsense about unknown mystery 'defendants' fr which there is no evidence is beyond silliness and into the realm of pointless absurdity.
It's over, man. The munny is G-O-N-E. And it ain't coming back. It won't even send a postcard.