https://www.youtube.com/watch?v=xLpfbcXTeo8
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The theory that a fee (which I still don't understand what the fee is for nor who pays it and for what) is consideration for the PROMISE that the divy would not be recalled, IMO, is nott a winner.
TDA's receipt of the fee was nott conditioned upon the client believing the PROMISE that the divy wouldn't be recalled. The fee may have been consideration for the PAYMENT of the fee, butt nott for the PROMISE that it wouldn't be recalled.
Tell me more about the fee please anyway, because I am curious about it.
The only client theory I can see is EQUITABLE estoppel under a theory of detrimental reliance if TDA comes after the client, which as I've written previously is really nott a winning claim in these circumstances.
For the promissory estoppel claim, remember that the CONSIDERATION that TDA must have been given by the client must be consideration for the PROMISE that the divy will nott be recalled, nott for the payment of the dividend itself. The client did nott make a choice to receive or nott receive the divy based on a representation by TDA that it would nott be recalled. It was paid BEFORE any such promise was made.
HTH.
I'm missing how this applies to the CRGP illegal dividend.
Can you explain? I'm ~OUTT of posts until midnight EDT, so take your time explaining how this reorg fee is consideration to TDA for their 'promise' that the client could keep the divy in exchange for the reorg fee. That's the part I don't get.
TIA.
What are "reorg fees" that the client pays the broker?
This is new to me, can you explain what the reorg fee is and how it is that the client pays it?
Sorry, butt promissory estoppel only applies if both TDA and the client exchanged consideration and formed a contract (other than of course the general client account agreement).
I don't see that a client gave any consideration to TDA in exchange for the promise nott to reclaim the dividend, in which case promissory estoppel does nott apply, and the only recourse is equitable estoppel (as I stated).
Maybe you could tell me what consderation the client provided to TDA (and 'keeping my account with TDA") won't fly.
Such silly nonsense. Really, Cowtown, SPNG is dead and your munny ain't never comin' back. Write all the letters you want and the court will keep on circular filing them.
Maybe iHub should just blend the CMKX board with the SPNG board and many others to just establish one board for all the conspiracists - called The Asylum. Then the posters' bizarre theories can echo off the walls of The Asylum as they await the Uber-Global Settlement of NSS Martians that will be arriving in FedEx packages as soon as the Pope, Janet Yellen, and Queen Elizabeth sign off on it.
"But of course everything would depend on whether anyone got that in writing."
Sorry, even if they have it in writing, I don't see how a client of TDA would have a winning claim.
I'm very open to others floating their theory of how TDA clients would assert a legal claim to an illegal dividend, regardless of whatever TDA told them in writing or otherwise.
The only legal theory I personally can see in CRGP is equitable estoppel (based on detrimental reliance). And without going into a great deal of great detail (sic), I do nott foresee any court finding that these circumstances are sufficiently egregious (nor have other elements of unfairness and contractual and/or tortious obligation) for a court to apply equitable estoppel.
If folks have OTHER theories of how a client would have a potentially winning claim against TDA for the illegal dividend distribution, I'm all ears and eyes to learn those theories.
I can't see that detrimental reliance (equitable estoppel) would be a winner for clients wishing to keep their unjust enrichment, regardless of what TDA represented to them - especially, but nott limited to, the disclaimers in the TDA account agreement those clients signed.
"Presumably there'd be money left over. Technically it would belong to Calissio. But I rather doubt they'd try to claim it."
I would expect COR to move for payment of their legal fees and related case expenses out of that money, plus the receiver would gett paid from that, and if there was anything at all of value left over, some desperate plaintiff's lawyer(s) would file a class action securities lawsuit to nab the remaining shekels.
Basically, the illegal dividend will be reversed, there will be little to nothing left for the unmanned corporation, and whatever is left will be consumed in other legal claims against the corporation.
"Adam Carter" will turn out to be The Great Pumpkin and, like always, nobody will see him although they will always hope to see him next year.
There is another (now the 15th since I began counting) paid promo going on. On certain outerweb sites today I've seen pop-up ads touting NTEK - some some group is pumping this turd again for pay today.
Lots of newly issued shares to move.
Relax, bro. 5,000,000 shares today will be just 5,000 shares after the REVERSE SPLIT.
Then it won't sound so bad.
Really? LOL!!!!!
What kind of 'signal' does a 'smart trader' use when a scam like NTEK is suspended by the SEC one morning - like similar scams SPNG, FNRG, GECC, CSHD, PHOT, CYNK, CDFT, SKTO, CMKX, etc.?
Let me spoil the surprise: they see an immediate 80 percent loss from the day prior to suspension to the reopening of trading as a grey market stock. And then it's down to zero volume and 0.000001 from there.
Or CRGP. Or scams like TCEL or MDBX that fall apart once unmasked and head south day after day after day until they hit the skids.
Penyscams like NTEK are a huge negative expectancy game for everyone except insiders and toxic financiers.
On any given morning one is likely to wake up and see the pennyscam suspended or a lawsuit filed that causes an immediate PPS implosion or bankruptcy filing - especially on Pink Sheet non-reporting, UNAUDITED scams like NTEK.
Unless one is an insider or toxic financier, playing UNAUDITED Stinky Pinkies is a fool's game and trying to outguess the insiders and toxic noteholders, and FINRA and the SEC, is like trying to kayak up Niagara Falls. The current of dilution and insider (Foley) scamming is strongly flowing against anyone going long and trying to shart their way to riches.
Paddling against the massive share issuances from the dilution machine, just upstream of SEC Falls
It's part of Judge Davila's sentencing order. One can set up a PACER account and fetch it themselves.
I'm not yer servant, even though I have that document on my computer right now.
Everyone should set up a PACER account and learn to use it - it's incredibly useful when doing due diligence on these pennyscams, as most of the insiders have many past court cases civil, criminal, and bankruptcy in their pasts (as DaFoley does). It's also useful to read the official court transcripts - such as the sentencing hearing and colliquy - which is available at the relevant court - in this case, that's in the Federal Courthouse at San Jose.
Don't ask to crib from the A+ students or the professor, do your own homework.
AS I said - that's just pure bullshit. David Foley runs NTEK. That's the simple fact.
He can call himself Assistant Dishwasher. Butt he runs (and funds via Royal Capital Group, and owns via the Series A Preferred SUPERVOTING shares he holds) every aspect of NTEK.
Even from prison. And he has been caught at prison doing just that - multiple times already. Yet he still continues to do it (and get caught at it).
That is the FACT.
Oh, and BTW, he's a sociopath/psychopath. So there's that too.
The court ordered three years of mandatory mental health treatment once he gets ~OUTT of prison - because he's a sociopath/psychopath.
DAVID RUSSELL FOLEY, Owner, real CEO, and HMIC of NTEK aka Inmate 13141-111 demos the NP-1 at CES 2016 (Criminal Enterprise Symposium 2016) at Taft
Ouch! Some think title determines who actually runs the companies here in Pennyscamland.
THAT would be very false.
Jerry Jones could put "Waterboy" on his binniss card, butt he would still own and run the Cowboys.
DAVID RUSSELL FOLEY has ALWAYS been the de facto CEO of NTEK, and remains so today in prison, as bitter as that FACT may taste to some.
In fact, in many pennyscams the real power controlling the company stays offstage and uses a frontman - David's huge ego would nott allow him to do that, as hard as he's tried.
Before prison, the only person who spoke for NTEK, and who ran the annual non-meetings was DaFoley. He made, and still makes, all the calls. And he OWNS the company via the Series A preferred SUPERVOTING stock - oh, and BTW, he is Royal Capital Group that has the floorless convertibles that fund this charade and is dumping the endless numbers of the worthless common every single week via conversions
"now they're saying it's a marathon"
That's what they all say until the SEC halt and the indictments come/are unsealed, and then the fun and games are all over.
NTEK will go just like SPNG, CMKX, CSHD, SKTO, FNRG, and hundreds of others.
And then there will be shock and disbelief that it was a scam, and the SEC will be blamed for shutting down the highly profitable business and working as part of a naked short global conspiracy and/or being agents of Netflix or Comcast or (fill in your favorite bogeyman here).
Every time - same pattern. Lather. Rinse. Repeat.
Au contraire - DAVID RUSSELL FOLEY, Federal Bureau of Prisons inmate #13141-111 has ALWAYS been the real CEO of NTEK.
And now he simply runs NTEK from prison, via visitations and kites.
"Tell Jeffy to call the reverse split a 'recapitalization', hon."
Here's the kite on which DaFoley wrote the recent '10-K-like' advertisement on the paid ad site OTCMarkets.com
Well, since I never bought any of this OBVIOUS scam, I'll have to wait a little longer than most for the check.
Fly to Modena, Italy and pick up your new Ferrari fresh off the assembly line, then 4 weeks of road touring in Europe for break-in, and ship it to the USA while you fly First Class home with your new Rolex and bespoke Italian suits and Guccis.
The 'financials' for the Q ending September 30th are due in 10 days or so.
Have no doubt that this will be covered up in all the fake, false, fraudulent 'financials' that NTEK posts on the paid advertising website OTCMarkets.com.
As I've said many times - the NTEK 'financials' are without question unambiguously FRAUDULENT and cannot even be reconciled within a Q or between Qs. They are just totally made up numbers that make zero sense and are provably false.
So, wait 10 days and they'll still try to bury this in some BS line amongst their negative liabilities, Sales-Media fake revenues, their FALSE profits, and their FALSE cash flow, which is in fact deeply, deeply negative and always has been, as even Danny W(r)ong admitted on the FB page until he was told to delete it.
Here ya go (link is in the message):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116885035
... aaand it's GONE.
Audits were done many months - indeed years ago. NTEK said they would be done in 2013, then they said 2014, then 2015, and now they don't even put any date on it. Audits have been 'done' many times, only no audits were really done at all. Three different audit firms were retained and then the first two quit on NTEK. The third has done nothing and may have quit also - nobody at the comapny can or will say.
In fact, we don't even know if any third audit firm was retained - there is zero official confirmation of it and no name. So it can be a ghost. Maybe it's another Foley shell - Royal Capital Group Accounting and Auditing, LLC.
BECAUSE AN AUDIT OF THE OBVIOUSLY AND UNAMBIGUOUSLY FALSE, FAKE, AND FRAUDULENT 'FINANCIALS' POSTED ON THE OTCMARKETS.COM PAID AD WEBSITE FOR NTEK EVERY Q SINCE 2012 PROVE SECURITIES FRAUD AND WIRE FRAUD, AND THE FOLEYS WOULD BE EASILY CONVICTED WITH THE EVIDENCE PRODUCED IN ANY COMPLETED AUDIT - AND THE CORPORATION WOULD HAVE TO RESTATE AT LEAST THREE YEARS OF 'FINANCIALS' AND BE SUED BY THE SEC, PLAINTIFF SECURITIES LAWYERS, AND THE DOJ - JUST LIKE SPONGETECH.
OK, got that?
Now, shareholders were told in June that the NTGL audit was only days away, then in August it would be done in the next week, then it was by the end of September.
It's now coming up on mid-November and they don't mention that at all anymore.
Nor do they mention any draft of an S-1. Nor do they report to the SEC.
NTGL cannot be audited for the past two or three years WITHOUT also auditing NTEK, as NTGL was part of NTEK and it cannot be "born free" of the liabilities and accounting of the parent prior to the asset sale to HVEL.
Worse, the principal of HVEL has died and can't participate in an audit of the HVEL trading shell, which is also required for any S-1 to be declared effective by the SEC.
Soooo - NO AUDITS, NO S-1 for NTGL. No audits EVER for NTEK - except for an FBI forensic audit when they shut this scam down, which will happen.
NTEK is only a very slight off-boresight replica of SPNG. One morning, peeps will wake up and it'll be suspended and Foleys (and Wire Transfer) will be arrested that same day, as the FBI vans come to Kruse Dr. and the Foley homes and probably Ted Campbell's home also.
NTEK audit finally begins!
How much did Interstellar gross at the box office?
It GROSSED only 165 rentals on UF (25 of them from the same IP address) for a total take of $1,648.35 as of September - before the lease expired.
$700,000 to lease Interstellar to GROSS $1,648.35 - 165 total rentals - FACT.
So, what was the box office take on Interstellar again???
Oh, and who's the current CEO at NTEK?
Really? LOL!!!
Is that what the NTEK CEO has been pushing?
Say, WHO IS THE CEO of NTEK today?
LOL!!
DaDavey PM'ed me a lot, butt never threatened me with a boolsheet lawsuit. He prolly knows I'd anti-SLAPP his ass back to the Stone Age, would nott let him off the hook and force discovery to produce the evidence to putt his arse in prison for a LOOOONG time for his NTKE securities fraud, wire/mail fraud, money laundering, et sec.
His PM's to me usually came late at night and it was clear he'd been drinking. His spelling and grammar went to hell and you could tell he was deep in the bag.
Don't ever fear a Foley.
Oh wait ... I forgot ... Foley is NEVER going to prison!
Really? LOL!!!!
DaDaveyFelon is reaching ~OUTT to NTEK shareholders for more munny
Because M-Go is nott a scam. NTEK is a scam. HTH.
It would be easier for NTEK to just add three zeroes on the end of their AS and start using trillions - like Zimbabwe.
Instead, they are going to do a REVERSE SPLIT and take three or four zeroes OFF the number of existing shares and cram down current shareholders, diluting them to dust in the dilution game while the insiders grab more shares to dump into the flood of insider/financier shares that always follow these RSs.
NTEK shareholders are swamped (again) with another flood of newly issued shares post-RS
I'm shure they will bullshit-word the REVERSE SPLIT as 'increasing the value of shares' and 'combining shareholder investments into a consolidated, higher value form' - some BS like that.
One thing that can always be counted on by NTEK, they are not shy about telling the herd the unvarnished lies.
I've seen other pennyscams refer to AS increases as 'share lifts', giving the mental imagery of one's shares floating up when in fact they were issuing more shares to the DilutionMachine run by the insider scammers -like NTEK.
Never underestimate the power of bullshit words in a pennyscam.
David Foley doesn't have a college degree, butt he's as full of more BS than any human that has ever lived. Well, if he were human instead of a reptile anyway.
"The CEO is Supposed to be Public Knowledge"
Nott when the real CEO is a felon convicted of multiple independent counts of fraud and currently serving time in Federal prison in Taft, California.
Then they have to obfuscate things and nobody can admit the real facts that the actual, de facto CEO is a multiply convicted felon washing dishes in Federal prison today.
So the convicted felon's brother, the retarded sockpuppet, does the convicted felon CEO's bidding via Visiting Day telegraph and prison kites smuggled ~OUTT of prison.
The NTEK 10-K-like OTCMarkets.com paid advertisement written by DaFelon and passed via kite to Bruddah Jeffy
DaFoleyFelon issuing instructions for NTEK via the Visiting Day Telegraph using Lisa as the carrier pigeon.
OK, so exactly like I stated - nobody knows who the NTEK CEO is.
Thanks for agreeing with me. Finally.
Speaking of research, nobody at the company or anywhere else can tell anyone who the CEO is.
Ergo, there is no real CEO at NTEK, only Jeffy, DaDavey's sockpuppet retarded brother acting as the acting shadow CEO and signing only as chairman.
The only thing Petey knows for sure in life is that he's nott the CEO of NTEK.
The only thing Danny W(r)ong knows is that he doesn't know anything (or in DannySpeak he "don't know NOTHING"), like Sgt. Schultz on Hogan's Heroes.
Today's VWAP looks to be 0.00753 plus or minus. Anyone with the exact number, feel free to post it.
Massive distribution continues on and on and on....
That's because NTEK is a rolling casket of securities fraud. It's a pine box filled with criminal indictments, civil forfeiture orders, deposition transcripts, subpoenaed bank and brokerage records, pre-sentencing investigation reports, plea agreements, prison khakis, and bankruptcy receivers.
Really? LOL!!! So you can't say who the CEO is either. Nobody knows. Well, nobody except DaFoley and Jeffy, and they ain't sayin'.
Danny W(r)ong doesn't know.
The only thing Petey knows for sure is that it ain't him.
Really? LOL!! So who is the CEO?
So who IS the current CEO of NTEK?
LOL! A total volume of 100 shares to reset the price to 0.1749 while the ASK is at 0.149 and the BID is 0.085!
A $18 dollar trade to try to reset the price.
Poor Ole Charlie Scimeca - his little scam pennystock just won't stop going down into the toilet like his snake oil skin creme.
Anyone know the VWAP today? Looks to be around 0.00743-0.00744 eyeballimetrically.
Anybuddy gott the exact VWAP number today?