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.
Meetings are the fruit of all this delegated responsibility. Doing things by committee is typically a fustercluck. Nobody has full authority to take large decisions (or at least they all feel the need to avoid blame and CYA by saying 'well the committee decided' when SHTF).
Good, successful companies are run by key leaders. Warren Buffett and his buddy. Steve Jobs. Bill Gates. Michael Dell. Steve Case. George Rathmann and then Gordon Binder. Andrew Carnegie. John D. Rockefeller. Larry Ellison. Jeff Bezos.
Oh, and even The Donald - in real estate anyway.
I would add that perhaps womens' noted failure as CEOs - and they have had many, many chances, may in fact be due to a lack of a necessary "alpha male" component of personality (on average). One also finds few beta males as CEOs of successful companies either.
Why was the US Third Army in France much more successful than Montgomery's larger army (see In re Market Garden)?
Answer: Third Army was led by Patton.
Patton also beat Monty to Messina and Palermo.
Why?
Key man - making all the key decisions solo. One mind grasping the gestalt of the big picture and the small details too.
Hell, he gott ~OUTT and directed traffic at one point, and at another gott ~OUTT to a blockage on a bridge and directed its immediate clearance. That is non-delegatable (sp) leadership and command.
You do know that the one-time 'regular quarterly' dividend was paid for with a FLOORLESS CONVERTIBLE NOTE IN ALMOST THE EXACT AMOUNT OF THE DIVIDEND AND SOLD THREE WEEKS BEFORE THE DIVIDEND PAYMENT DATE.
So who's 'fault' was that? Paying a dividend and claiming it is being paid ~OUTT of non-existent profits when in fact it was financed by a floorless convertible debenture is not an 'error' or 'mistake'.
That's premeditated, planned fraud. No two ways to slice it.
Calling UPSCALED files made by upscaling compressed HD resolution source files and claiming it is "4K content" is also FRAUD. It is compressed HD content ("100 movies on one disk" according to WireTransfer Taylor at the SHNM") that any smart 4K TV can automatically upscale. UF doing the upscaling does nott make the content from a compressed HD source file "4K content". That's bullsheet. That's FRAUD. Selling a product that is mismarked. mislabeled, and misleadingly advertised.
And yett, that's exactly what UF (NTEK) is doing.
Fraud on top of fraud on top of 60,000 NP-1s with "thousands have been shipped into the retail channel" FRAUD.
And the founder and de facto CEO and Chairman DaFoleyFelon™ is currently in Federal prison in Taft serving a sentence for multiple convictions for fraud.
The entire company is nothing butt fraud from start to finish, from topp to bottom.
No, we cannott.
Chaddy, the more of your crap I read and learn about, the scammier you and your pennystock appear.
Really, learn a trade, hack a taxi, be a baggage handler.
Quit the pennyscamming and be productive in a meaningful job.
One problem is that "hiring additional staff" is nott a solution when you have one person responsible for making the final decisions, as it most often is.
You do nott call a board meeting for every decision, else the board would be meeting all day everyday ratifying C-suite decisions. When a client cannot be reached and a deadline that is non-extendible and perhaps decisive, someone has to make a decision and bear that responsibility. When a client can be reached, one person has to be the consistent contact and team head to discuss the options, risks, and alternative courses that may flow from each choice. You can't "team manage" these things.
Football has one head coach per team. Baseball has one manager per team.
Sure, some things which are fungible or can be delegated to more than one person can be split among multiple individuals. However, a lot of things require one "mastermind" who is the repository for all (or as much as they can mentally juggle) of the information related to a particular matter. Trying to duplicate that depth of knowledge in more than one person is wasteful and futile. A client (most clients) will nott pay to have multiple attorneys duplicate work simply for redundancy. Maybe that's risky - people die in plane crashes, car accidents, from heart attacks, etc. and the entire 'mastermind' knowledge repository can be gone in a puff of smoke.
Butt clients simply will nott pay to have two captains of the ship, or even to train an executive officer for their voyage.
A lott of the DD that is required in quick M&A deals is compartmentalized (for various reasons) and each person needs to become intimately familiar with their area of responsibility in the transaction. Having two people do the particular DD activity in parallel is duplicative and wasteful (and actually slows things down).
Bottom line: in many sectors, there are key people who cannot be relieved by hiring more people, it simply doesn't work that way.
Now, in many other areas, your point is valid. Butt for example the M&A work as cited in the NYT Dealbook article typically doesn't fall into that category.
And it is less the number of hours than the stress level. Hundreds of millions to tens or a hundred billion can be on the line - and ANY screwup can be fatal. Time and secrecy are often of the essence. Big decisions need to be made fast with incomplete information that is gathered and analyzed as quickly as possible. Litigation is often the same way when in trial. Warfare is the same. I assume the financial industry is the same way on the trading desks.
I recently rewatched Margin Call and the character played by Jeremy Irons is a good example of a key person who cannot be relieved by hiring additional help.
So in part I agree with you, with the proviso that it is only helpful for certain types of jobs.
I haven't looked into your little pennystock, butt based on your posting and your writing, it seems pretty scammy on first impression.
If you think posting on iHub is helping your cause, welp you're dead wrong, Chaddy.
Look for a real job in an industry that is truly useful to the world - like plumbing, dentistry, water treatment technology, or pollution control engineering.
Do something useful.
Growing weed and/or selling stock shares ain't it, Chad.
May I call you Chad, Chaddy?
Integral
You know this, butt worth a post for others who don't understand the workload demands and stress:
http://www.nytimes.com/2015/10/04/business/dealbook/tragedies-draw-attention-to-wall-streets-grueling-pace.html?_r=0
In my first gig, we had a room with a couple of futons and no windows - in a quiet area, so you could catch a nap during all-nighters or as needed during the day. It was used a fair amount. Same reason you have free drycleaning service pickup and delivery at the office. And services like Waiters On Wheels, and now Fresh Diet and Seamless.
I feel sorry for the kids today with text messaging, cell phones, and always-on email with smartphones and web access. I remember when pagers/beepers came along and I had to carry that albatross around - still have it in a souvenir box - an old Motorola with the smoked transparent plastic case w/ belt/pocket clip.
Karoshi has come to America.
I wonder what is was like in the old 'old days' before telephones or telegraphs - business got done with letters. Not many nights of lost sleep or need for Bolivian Marching Powder or highly caffeinated brains running on empty.
Flip side: I wonder how much worse it will get in the future. Surely this is nott the end of the time-compression efficiency competition. Now with videoconferencing on notebooks and smartphones (Skype, GoToMeeting, WebEx) one needs to look presentable 24/7 for the spontaneous 'need' for a videocon. If it's available, of course somebody will think it MUST be used.
Humans are nott designed to live in this technology zone.
Regards,
Karoshi-san
NTEK is only "king" of UPSCALED faux 4K - from the same HD and compressed source files that all the non-exclusive Paramount licensees receive '100 movies on one disk" at a time.
UPSCALING which ANY smart 4K TV will automatically do - FOR FREE!!!
UF is a FRAUD. An UPSCALED fraud. No surprise - brought to you by a current inmate at Taft prison doing time for multiple convictions for fraud by the Feds. And then three years of mandatory mental health treatment when he finishes his current sentence in prison.
UPSCALED 4K, which IR rep Danny W(r)ong admits is what UF does, is a FRAUD.
From a company founded and run in absentia by a convicted felon - for FRAUD. Multiple independent counts of fraud. Multiple convictions. And his apprentice fraudster WireTransfer.
Until the reverse split anyway...
Welp, tomorrow is another visitation day at Taft, so Lisa can gett the latest 'kites' containing the final draft of the "10-K-like" annual BS load advertisement for the paid ad site OTCMarkets.com from DaFelonDavey™.
Iris and Mike will be watching and lissening. Intently.
Maybe DaDaveyFelon™ will pass the 'kites' in a kiss.
Butt he will pass them. Or the "10-K-like" annual BS load won't make it onto the ad site by the 9th.
NTEK investors better hope Lisa doesn't stop for apricots again and maybe lose the 'kites' along the way.
NTEK only has until the 15th before it getts the STOP sign on the advertisement site.
"Look, hon. No stopping for apricots this time. Seriously. Straight to Jeffy's house so he and WireTransfer can type in this text for the '10-K-like' annual manure dump."
One of DaFoleyFelon™'s 'kites' containing the '10-K-like' annual dump for OTCM
Ultraflix - the leader in UPSCALING from low-res compressed source files - 100 or more on a single disk from Paramount - just like your smart TV will already do for you automatically.
Only a company founded by a felon convicted of multiple counts of felony fraud and sitting in prison would have the audacity to pull this fraud - this grand con.
Well, because DaFoleyFelon™ planned it that way.
He is the master of fraud, deceit, fog, smoke, mirrors, and misinformation - by his own admission.
And he's still running NTEK from prison. FACT.
Just a little less efficiently now - as the late-advertising notice on the paid ad site OTCMarkets.com attests.
If only Lisa didn't stop for apricots...
Dean Potter was the guy my son knew. Another flying suit fatality.
http://www.nola.com/traffic/index.ssf/2015/05/yosemite_base_jumpers_die.html
Antonio's Pizza left their card for NTEK - with a hand annotation that they would get 15 percent off any large pizza delivered during the show if they mentioned the guy's name on the business card when they called in their order.
One doesn't go to trade shows to collect random business cards in a jar. Oh my!
Real players with something to sell set up a hospitality suite in the hotel near the convention center (or the hotel hosting the show) with goodies - where you talk deals and terms with real prospective business partners and clients.
You don't collect a jar of business cards from pizzeria guys and call it a day.
Jars of cards indicate NOTHING of any importance. It is to laff.
Butt NTGL has nobody who knows how to do binniss. Nobody. The only guy who had a clue was DaFelon™ and he's on ice.
Highballwatercrapouttower is like a blind man trying to be a professional photographer. He doesn't have the skills, experience, or knowledge to perform his key yob functions. And the results will be the same - garbage out.
NTGL is a kiddy show.
"Welcome to the Nanotech Gaming booth! Remember leave your card in the jar."
"Join us in the NTGL hospitality suite, where we don't talk turkey, we talk chicken nuggets."
OK, since we're on the weekend:
"You might know her ex husband, lives on Cliff Side Drive in Malibu, a lawyer, who got to keep the $20 million home during the divorce. He never once came to school or any sporting event."
OK, sadly this is very common. To play in certain arenas - high stakes commercial litigation for example or M&A - you're on-call virtually 24/7. You basically cannot have a meaningful family or personal life and play at the level you need to play at in order to keep getting those opportunities. You have to live your job.
My very good friend, who had been in Century City and recently moved offices to Santa Monica, knows this and lives the life. He has no social life other than as related to the job and business development opportunities/contacts. He sleeps in 20-45 minute naps all day long, as he has to monitor his smartphone and email 24/7 to stay on top of proceedings and clients in Europe, Japan, China, Australia, etc. You can email him anytime of the day, and unless he's in trial at the moment or in the air, he'll gett back to you within 30 minutes. Anytime - day or night - weekdays, weekends, holidays.
He had bought a nice home in Beverly Hills when he was in Century City. He was never there, always at the office (Ave of the Stars). One day, he gott a call from his neighbor that lived below his house - they were getting flooded. His irrigation system broke. Well, he had no time to attend to it, so he called his Japanese gardener who went over, shut off the master valve and called plumbers and dealt with the lower neighbors. Within a month he decided to sell. Ever since, he lives in a condo in Century City. He bought it when his office was only two blocks away. Now he has a short commute to Santa Monica.
He has no wife, girlfriend, nor non-business social life.
He lives the job. As one has to - to be good. To fully serve your clients when in charge of high-stakes international commercial litigation.
You always have multiple balls in the air to juggle, and timezones, and people, and clients who need board presentations for updates, and estimates, and bills need to be done, and managing the teams and people, and finding, hiring, and working with experts, and planning your calendar which changes every few hours, and even with excellent support, the life is just a total uncontrollable pinball game.
You can't have a family. Just can't. And shouldn't even try.
In my specialty area, I can attenuate the demands. A full-time high stakes international commercial/IP litigator cannot.
Butt still, you can note from the times of my iHub postings over any span of 3-4 weeks, I can be found awake at all hours of the day sometimes - butt it is nott everyday - like it is with my friend. When I shut down, I try to sleep at least 3-4 hours straight in a block, with maybe a 1-2 hour nap here and there. And I can take days and even weeks as I wish. A full-time litigator cannot do this - almost ever - certainly nott the head of a top litigation practice in a big firm. Top Chambers rating - always -as my friend has had for at least 15 years now - regardless of which firm he takes his team to.
I do nott envy my friend, although he is at the top of his game and he I think enjoys it, butt I do respect him for his commitment and his decision to refrain from trying to mix it with a personal/family life. He is indeed a hell of a lawyer.
I know another litigator who had three different bypass surgeries by the time he was 44. The stress is that great. These guys age fast and hard.
My mentor - the guy who taught me real law and the business of it (which is as important if nott moreso than the law itself) - he was divorced but then remarried, mended his ways, left the firm, has two great kids and a very relaxed gig. He saw the choice and he made his decision. Good for him. Great, great guy!
I'm dialed way back from where I used to be. I remember days when I'd hit the voicemail at 9:30AM (OK, maybe it was 10 or 10:30) after leaving the office just 6 hours before - and my voicemail box was full - 30 messages - and 8 of the messages were urgent. Sorry, can't - no, WON'T - live that way anymore. Once my son was born, I changed priorities like right away. Bigtime.
Family first and always, sleep and health second, recreational time next, then work after that. That's my decision. My CC/Santa Monica friend has decided otherwise. I think we both made the right decisions for each of us.
Sorry to hear that, pal. This is what I worry about when my son goes on his rock-climbing expeditions. At least he always goes with at least one buddy - usually they go in a group of 4 - so if somebody getts stuck, one can go for the authorities while at least one other can stay behind and try to help on-scene.
His gang is reasonably experienced technical climbers too, he's learning the ropes - so to speak. I feel better that he has qualified co-climbers who he can rely on if something goes wrong.
I still don't like it though. Fortunately, many of his other hobbies are safer - he's a badminton player (one of the increasingly rare white guys in a sport dominated by Asians now), downhill skier/Alpine racer, dayhiker, and bodybuilder (no 'roids) slash exercise nutt. Those are pretty safe. Although he did mention an eye injury to a player from the shuttlecock once..
Mountain climbing is inherently dangerous even to the very well-skilled. The weather can change in an instant. A crevasse can be hidden. A rock face can give way unexpectedly. A wind gust can batter you into the rockface. Or an avalanche.
This is why I worry about the sport. The danger level cannot be attenuated significantly just by experience and skill.
The same is true of the flying suit basejumpers. Unsafe at any level of experience. My son knew (casually) a well-known basejumper/flying suit guy who was just killed several months ago. He was regarded as one of the most experienced flying suit basejumpers in the world (at least in North America). And poof he was gone. Just like that. Nott even on a difficult stunt either.
Me, I'd rather play Deer Hunter Russian Roulette for bhat.
LOL! UF is now promoting UPSCALED HD files as "4K"!!! LMAO!!! The desperation at NTEK headquarters can be smelled through the interwebs now.
NTEK gott the same exact HD files from Paramount as all the other NON-EXCLUSIVE lessees of the content - which CURRENTLY include Epix, TMC, Showtime, Cinemax, STDIO, and BBCA (BBC America - which is showing the Star Trek movies yesterday and today - FREE).
Upscaling them - which any smart 4K TV can automatically do - adds ZERO value and ZERO resolution improvement.
And no 4K certification logos because it's nott real 4K - it's UPSCALED from HD source files.
100 movies on ONE disk - according to WireTransfer at the SHNM. Those can't even be full HD - they must be compressed HD at most.
A full 2hr movie mastered in 4K is 8 TERABYTES - or two of the biggest external hard drives you can buy - for ONE 120 minute flick.
NTEK claims Paramount gave them 100 movies on ONE disk. That's at most compressed HD in 720. A 1080 COMPRESSED file takes up over 6 Gigs for 30 minutes - and that's lossy bigtime.
Even at BluRay levels, 100 flicks would require 100 BluRay disks.
UPSCALED 720 advertised as 4K is FRAUD - pure and simple FRAUD.
Ahahahaha!!!! "Left their card" - Bwaahahahahahaa!!!!
Yeah, that's how business is done.
Bwahahahahaa!!!
Oh my!
Result of the clown show (now over) for NTGL:
ZERO commitments
ZERO test installs
ZERO manufacturing agreements (they can't manufacture without a Nevada Gaming license, FCC certification, and UL approval)
ZERO co-development deals, proposals, or term sheets
So, exactly the same as last year - nuthin. Only this time with two stupid games that no real casino manager will go near.
Butt at least the audit is done. right? September is OVER. It must be done, right?
Whoops-oops. NOPE.
S-1 filed, right?
Oh, never mind.
Highballwatercrapsloser can't even insure his car and keep his car registration current. And this clown is the 'prez' of this total kiddie clownshow.
The NTGL 'team'
The Highballwatercrapslosertower and his mini-him
Highballwatercrappertower hard at work watching Catdog working on the audit
I'm shure the new CFO must be Czeching the "10-K-like" annual BS load advertisement, right?
Because highly profitable NTEK gott that CFO that Petey claimed they would back in March, right?
I fergit, what's the CFO's name again?
Oh yeah, DaDaveyFelon™. He's the prison-based accounting service NTEK uses.
Anyone find it odd that the first time that NTEK has to late-file the "10-K-like" annual BS load is the year that DaFoley™ is in DaJoynt™?
No qualified CFO (e.g., with a current CPA license to risk) will touch this turdpile of accounting fraud and pure manure.
DaDaveyFelon™ totals up NTEK year-end assets and prepares for an audit by DaInmate13141-111™
Welp, now we know where the last $642 in the NTGL cash account went! To pay for the expired plates and no insurance citations of the "prez" Highballwaterloser the craps gambling addict. That should do wonders for the Nevada Gaming Commission of the NTGL management for getting a gaming license as is required to make, sell, distribute, and use any gambling device in Nevada (including the manufacture thereof!).
Whoops-Ooops. Another criminal now besides DaFoley will be red-flagged in NTGL!
Do you think he actually PAID for that crap he wears?
Wow, he might be even dumber than I think he is - and that's pretty dumb.
Nobody with any sense would pay for those clothes. Those are the kind of crap that the Salvation Army gives gratis to the homeless because even thrift stores can't move the crap.
If the shareholder munny went to buying him some decent clothes, it wouldn't be such a total waste.
The fact that he's blown the shareholders' munny of five star dining and travel, buying his way into D-lister parites, and yet still cannot clothe himself is the real tragedy of this Alfie scam.
Maybe he will go back to the "Cuba telecom" scam again. He's had a bunch of different scams for shearing munny from his investors over the years. Never had a business that made a dime, butt he's sheared plenty of investors and spent their cash on himself (other than clothes obviously).
Alfie is simply a lifelong grifter. Small cons repeated and repeated.
Maybe his next con will be MMJ or imaginary gold mines in Bolivia or Gabon.
It could be anything other than clothing-related, because that would just be totally lacking any credibility just on its face.
Maybe the next scam will be hair oil. He's gott plenty of experience with that, and with crude at $45 a barrel, the hook could be 'gett in now while oil is cheap' for the investor pitch.
A cuppla facts:
1. DaDavey has been conducting binniss while at Taft. That includes material and information for the "10-K-like" annual BS load for advertisement on OTCMarkets.com paid ad website.
2. The case manager, unit admins, and Western Region of the BOP in Stockton all know about #1, and in fact he's been caught more than once doing binniss from prison and his case manager and the unit admins all know it - THEY caught him at it. Even he doesn't know how many times he's been caught because they want to keep watching him use some channels and nott tipp him off. he's been warned and rewarned and at least one example has been told to him.
3. DaDavey™ now knows he is being closely monitored, so he has to be even sneakier, which he is.
4. Despite #3, the case manager and unit admins know he is still doing it. They are just waiting to catch him redhanded with evidence they can use.
5. DaDavey™ may know about #4, butt being the pure psychopath he is, he is still thinking he can 'beat the system'. However, it has put a crimp in his CONmunucation channels and reduced his bandwidth, making it more difficult to pass enough information as quickly as he wants to.
Those are 5 facts. Now one supposition or educated guess:
6. Because of #1 through #5, inclusive, it is likely that NTEK was unable to gett approval to submit the current draft of the "10-K-like" annual BS load advertisement on the original schedule and is "short staffed" because DaFoleyFelonDavey™ is in Taft and being monitored closely. Nobody knows the basis for the crazy numbers DaFoleyFelon™ reported in all the prior "10-K-like" and "10-Q-like" advertisements that were all based on numbers DaDaveyFelon™ pulled out of his hiney and which cannot be explained by anyone else, and thus they are entirely dependent upon him to assplain the past Qs which are needed for the annual BS load advert.
Jeffy will prolly sign off on any nonsense. Petey might nott unless they twist him really hard.
It will be interesting to see what comes ~OUTT (and something will, some version of a "10-K-like" annual BS load advert) by October 15th. Maybe by the 9th or before (if they can squeeze in a visit or two this weekend or during the week at Taft), butt maybe nott til the 15th.
And how that "10-K-like" annual BS load handles things like: (1) inventory writeoff for the non-existent 60,000 N-1s which were somehow carried as $ 1,792,871 as inventory in last year's BS load, (2) "Sales - Media" revenue which is totally phony and used as a cover conduit for stock sales proceeds 'loaned' back to the corporation in floorless or 0.0001 convertible notes, and (3) how they deal with Accounts Payable and disputes with content owners over same that are very, very deeply in arrears.
It will be very, very interesting to deconstruct the "10-K-like" annual BS load advert whenever it is posted on the OTCMarkets.com paid ad site. Behind the scenes, I expect DaInmate13141-111™ will try to blame Ted "Two Buck Shades and Cigar" Campbell, and vice versa for any "corrections" to prior annual BS loads, if any (and only those ABSOLUTELY required to be exlained away NOW will be, the rest will remain swept under the rug for NOW).
We should see the SEC and DOJ actions falling off now, as the end-of-quarter and end-of-fiscal-year push for bonus objectives ended yesterday.
Now that the gubmint employees have Czeched their annual performance objective boxes and locked in their bonuses, it will be quiet for a quarter or two. The porn downloading at the SEC will pick up again, and daytime streaming of videos and Facebook in the DC/NoVa region will spike up again.
Happens every year. In pretty much every Federal agency too, nott just SEC and DOJ.
Relax - 11 Giraffes is moving a ton of NP-1 MOJO Nuvolas. LOL! Remember that ruse?
And "thousands shipped into the retail channel" - that was a laffer.
Oh gosh, there are just sooo many with this scam.
Nott TRUE!!! Alfie stole a ton of shareholders' munny.
Give credit where credit is due. He spent it on travel, eating at five star restaurants, and buying his way into parties to snap photos with D-listers.
Toxic Joe Canouse is here. This is now officially DEAD.
Toxic Joe is the mark of death for any and every ticker he shows up on. Infamous.
Imaginary research labs - by FAR. I could cite an example, butt it would require me to violate attorney-client privilege to provide the names and details of the worst example I know of firsthand.
Suffice to say that there have been NASDAQ stocks with valuations near a billion that were nothing butt pure vapor. I have stories that would blow your mind. Like the the bulge bracket firm underwriters who brought that crap public with little to no real DD.
I have seen a company IPO into the NASDAQ in the mid or late '90s which was built around an entirely fictional molecule for which the 'research' did not exist - at all - the CEO made up a fictional molecule and completely fictional data. I know it firsthand. I was the one who needed to see the data to be able to describe this molecule and how to produce it. There was nothing but pure BS and lies behind it - only a name and a molecular weight. Period. Not even a structural formula. It was fictional.
This was a stock that's been pumped on CNBC in the past.
True. Absolutely true. And since he is now a CEO at another public biotech and the old NASDAQ ticker is still alive, I cannot divulge the details.
He is now on his third or fourth bullshit public ticker. All pure hot air.
Crazy.
Now, one I can tell about is Aphton. Now that was a fun scam - and I don't owe any privilege obligation to that bum and his scam. APHT. Run out of a storage locker in Woodland, CA by an electrical engineer turned bathtub immunologist and protein chemist - LOL!
And then there are the David Blech scams. (He's back in prison again, BTW.)
All it needs now is the Q, as in NTEKQ. David Foley has done ALL of the "10-Q-like" and "10-K-like" financial advertisements for NTEK. Every single document.
They are all made up, fake, fraudulent, inaccurate, internally inconsistent, ridiculous, false reports. Total nonsense. Nobody with any accounting knowledge can see them as anything butt pure crap and ridiculous faked numbers by an amateur fraudster (actually, DaDavey™ is now a pro - with two fraud convictions under his belt!).
Butt now DaFoleyFelon™ is in PRISON since June.
WHoops-oops. Harder for him to do the faked reports from prison. Takes lots of visits and lots of kites handed off to wife Lisa and brother Jeffy and Wire Transfer in the visitation lounge.
"Now look, hon. You gotta get this 'kite' to Jeff and Wire Transfer by 4PM today, so don't stop at the Firebaugh fruitstand or Casa de Fruita like usual to get apricots. Drive directly to San Jose with these numbers so they can file the '10-K-like' annual bullsheet report by midnight. Remember - no stopping for apricots this time!"
The '10-K-like" annual bullsheet report from Taft
There are no "earnings". Unless one counts buying a lease for $700,000 for Interstellar and generating a TOTAL of $1,648.35 on a TOTAL of 165 rentals (25 from the same IP address) to be "earning" a LOSS of $696, 351.65 to constitute "earnings".
All NTEK posts and has ever posted (as they are not SEC reporting) are "10-K-like" and "10-Q-like" paid advertisements that they PAY OTCMarkets.com to post on their paid website.
NTEK has always been, and continues to be, a deeply, deeply cash flow NEGATIVE company that survives with toxic floorless convertible debt financing and paying obligations 12 months or more in arrears so they can pay in unrestricted newly issued stock that the creditor can dump into the market immediately and nott bear any market risk.
Those are FACTS. Every single one of them is a FACT.
That is why they have no CFO. Fact.
NTEK's "financials" have always been made up nonsense by a multiple convicted felon who went to Federal prison for multiple fraud convictions in June. Fact. Which is why NTEK will never be audited - FACT. And likely why the annual lie report is LATE on the ad site OTCMarkets.com - because the Felon who does the fake accounting is now in prison and it's hard to communicate about business - FACT.
That is why NTEK is in and will remain in a Death Spiral.
From the 28 July 2015 Shareholder letter:
" The first audit of NanoTech Gaming has started and will be completed in a matter of days.
http://www.otcmarkets.com/financialReportViewer?symbol=NTEK&id=141881
One endless lie after another.
No gaming license that is needed to manufacture, market, or distribute ANY gambling devices anywhere - nott even for freebie demo installs.
No FCC certification of any gambling devices - cannot manufacture, distribute, market, or even do demo installs until the devices are FCC certified (no casino will accept).
No CE/UL electrical safety certification of the gambling devices - means no casino will allow it on their casino floor or premises without voiding their insurance coverage.
Butt that's all moot because NTGL has exactly ZERO commitments for test installs anywhere. ZERO co-development agreements. ZERO manufacturing agreements. And none of the aforementioned even on the horizon or in term sheet discussion stages.
No audit of NTGL done nor even on the horizon, despite what the NTEK and NTGL dysmanagement continually claims are only days or weeks away, yett nott even started yett (yes, that's DaFacts™ - they can't even locate the required documents from NTEK for the period NTGL was part of NTEK! And DaDaveyFelon™ can't help them noww in DaHole™).
No S-1. Haven't even started drafting one. No distribution of the shares owned by NTEK to anybody - well except the free-trading shares that went to DaFoley™ who DUMPED them last Spring under the HVEL ticker in the .20 range.
Nobody at NTGL who has ever been in a management position in an operating company, nor at a successful start-up, and nobody with gaming industry experience or how casino management even decides on which machines they use in a casino.
Pure joke pennyscam. A bunch of failed, middle-aged kiddies playing in a Foley pennyscam shell. Insane accounting - claiming only $358 TOTAL expenditures for the last reported THREE MONTH period. Insanity.
Worse than Romper Room. Chuckleheads. Imbeciles. A "president" who was kicked to the curb and sitting in the unemployment line until multiple convicted felon, DaFoley™, took him in as a stooge for his frauds.
The actual NTGL 'team' at work!
The NTGL'prez' hard at work watching Catdog reruns
NTGL 'management' working hard at spending shareholder munny
So, September passed and no audit of NTGL.
What a shocking surprise!
Petey said it would be done "in a few days" in July.
At the SHNM they said "within the next two weeks".
Then it became "by mid-September".
Last in the SHNM summary, over a month LATE, they said end of September.
Now September is G-O-N-E.
What is the latest NTGL lie about the date for an audit?
A: Neveruary 32nd.
"Staff limitations" just means DaDavey™ is in DaHole™. He's the "staff" that generated all the fake, fraudulent, nonsensical, internally-inconsistent, and false 'financials' before he went in DaHole™ in June.
Many of his 'kites' are unreadable and don't add up (like usual), so they need a couple more weekend visitations to iron ~OUTT the '10-K-like" annual advertisement on OTCM.
DaDaveyFelon™ in DaHole™ IS the "staff limitation".
DaDaveyFelon™ reaching ~OUTT to hepp wif da '10-K-like' annual advertisement
Maybe DaDaveyFelon™ found a fellow inmate at Taft who was a CPA to audit the "10-K-like" advertisement.
Shirley he can find a lawyer in there who will write a "Based entirely upon representations made by the company, I can attest that the facts as attested to by the company are attested to by the company" letter.
You know, the standard OTCM lawyer letter that says virtually nothing about anything and says "this is what the company told me, and since I have taken no steps to verify or disprove it, I can't say it's entirely wrong".
I hope Lisa's apricots were worth it. Casa de Fruita is no bargain. A better fruitstand in on I-5 around Patterson - west side of the I-5 by a Shell station up on a hill - hard to spot unless you've been there before.
Lisa stopped for apricots at Casa de Fruita again. I feared this would happen.
Now DaDavey™ has 15 more days to finalize the draft of the "10K-like" advertisement for OTCM.
A few more weekend visits to really nail down the fraudulent numbers.
4. The brokers and brokerages could be held jointly and severally for the damages. IF they are found to be part of a conspiracy to defraud.
Their liability is nott necessarily limited to the funds that crossed their accounts.
That means the whole whack if CGRP and the other miscreants are gone and judgment proof.
COULD. Depends on the facts as shown and the court.
IIRC, Winston & Strawn is handling this case for COR. They won't miss any opportunity here.
Think they're gonna do the AS increase on the same day they dump the fake "10-K-like" financial advertisement on OTCMarkets.com?
Makes sense - gett all the badd news ~OUTT on the same day.
Can't wait to see what DaDavey™ wrote about Interstellar and its less-than-stellar rentals. Bett on NOTHING in the advert about that debacle.
Wire Transfer and Jeffy have to staple all those prison 'kites' together and ASSemble the "10-K-like" advert by October 15th at the latest.
If Lisa will speed upp a bit on I-5, maybe they can make it by the 30th of Sept. If she decides to stop at Casa de Fruita for a snack and some apricots, she won't make it back in time.
It all depends on apricots now. Will she or won't she?
The latest '10-K-like' advertisement draft from Taft
4. The brokers and brokerages who set up the accounts that were used in this scheme to defraud DTCC and COR, among others, using, as Integral has pointed ~OUTT already, accounts that violated securities laws to accomplish the scheme and transfer shares and money illegally.
Butt UF at least has The Spongebob Movie: Sponge Out of Water and the kiddies love that, right?
What kid could resist an offer to watch Spongebob on their uncle's computer, right?
It will gett WAAAY more than the 165 rentals that Interstellar did (with 25 of those from the same IP address).
Why, I'll bett there's one IP address that will rent Spongebob dozens or even hundreds of times by Christmas, right?
25 cents by Christmas, right?
NP-1s in the big box stores by Black Friday, right? Those Best Buy associates are almost done with their 3, 4, 9 month training course, right? And the "thousands" of NP-1s "shipped into the retail channel" have finally arrived, right?
The demand for cartoons is waaay more than for Interstellar
(which is GONE, BABY, G-O-N-E now).
Looks like with Spongebob, UF has decided to cry 'uncle'!
"Where's the spreadsheet fins?"
DaFoleyFelon™ is still finishing them on 'kites' that he hand-passes to visitors at the prison.
Just a few kites to go. Lisa's bringing the last "Media - Sales" baloney numbers up I-5 as we write. She's only about an hour fifteen south of the 152 turnoff, so that kite should arrive in a few hours.
Greenie, greenie, chili beanie. Oh wait ...
RED AGAIN
Yet again.
As per usual.
Nott on Sony, nearly a year after it was announced it was.
Interstellar which cost $700,000 and GROSSED $164.35 on 165 total rentals is now GONE, BABY, G-O-N-E and replaced by fourth-run movies only in HD digital files which any smart TV can automatically upscale just like UF without the added cost or inconvenience.
UF is OFF Samsung 2015 models.
Nott on Seiki (remember them?).
59,850 NP-1s never made, only claimed falsely to explain (falsely) 40,000,000 shares issued - which were claimed to be payment to FoxConn for the 60,000 non-manufactured NP-1s which were in fact made (all 100-150 of them) in a Bay Area warehouse by one person who had nothing to do with FoxConn.
NTEK is all a lie and nothing butt a lie. And always has been.
Smoke, mirrors, misinformation, and fog - the Foley specialty.