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NTEK is a penny scam on its last days.
Dave Foley set up Royal Capital Group before heading to prison and used this vehicle to sell millions of dollars worth of NTEK shares. This stock is a total scam!
Ultraflix is used to sell shares, they spend all their cash on paid penny stock promotions and apparently have nothing left to advertise Ultraflix.
NTEK = Share selling scam. Look at how many A/S raises they did followed by a R/S. Not to mention all the corrupt stock promoters circling this stock. Best to steer clear.
NTEK paid paramount $750,000 to lease Interstellar and they made less than $5,000 in movie rentals.
Now their only source of somewhat okay movies is coming to an end - the paramount flicks. NTEK IS A PENNY SCAM. The founder/ceo is in prison for multiple fraud convictions and he installed his ice sculpting brother with zero streaming background to run the show.
NTEK has huge legal bills piling up. Their is going to be a storm of dilution and NTEK will probably be down close to 50% one morning because Foley has to raise funds to pay off their lawsuit(s).
Do you have a contact # where you can reach NTEK employees? Their main HQ on Kruse Drive has been locked and abandoned for months now and no employees answer any phones. It looks like Google Street view even caught them packing up and moving out.
From the looks of it, NTEK is down to Jeff Foley, Phil Foley, and a couple of people working tech support. All from home.
Phil and Jeff are just here to squeeze out the remaining equity.
All the other long standing employees, aaron taylor, al stone, ted campbell, bailed out on the scam.
NTEK is majorly diluting shareholders to pay off their legal bills. NTEK signed too many deals they couldn't make good on. Even their IR (past IR, NTEK has no IR now) Dan Wong got screwed over by non-payment.
UF no new content in 9 months and NTEK is too broke to afford to even renew the paramount contract which expires end of the year. $6000 in cash from the fins.
I remember when NTEK shl's actually contained paragraphs, and more then one page.
Now it's just a few of Jeff Foley jot notes put into point form.
I wonder how Don is doing?
NTEK shareholder letters are not to be believed or trusted.
Foley needs to dump lots more NTEK shares to pay their legal bills and they desperately need new buyers to come in and old buyers to keep averaging down. NTEK is a losing stock no doubt.
There is no corporation here, no employees, no business location or license.
It's a zombie stock ticker apart of a bigger scam (The NTEK scam).
NTEK owners were told they will receive shares in NTGL as a dividend more then a year and a half ago. They didn't receive any stock dividend and never will.
NTGL = A scam within a scam.
Foley eased up on the NTEK stock dumpathon Friday to give longs something to cheer about over the weekend.
The next couple trading weeks are going to be real ugly. NTEK has massive legal bills and they have to dilute shareholders to pay them.
Ultraflix will lose paramount titles by end of the year.
That is unless foley dishes up big $$$ to renew the contract. I seriously doubt the paramount flicks turned a profit. They leased interstellar for $750,000 dollars and made less then $10,000 from rentals.
Ultraflix is not a viable business model whatsoever.
NTEK - Just keep kicking the goal post further and further away.
Now everything will be great for holiday season 2017 once Felon Dave returns from the slammer. All you gotta do is keep holding these ever decreasing in value NTEK shares for another year while your money gets diluted away by Dave Foley and his very own Royal Capital Group. Oh and don't forget to keep throwing good money into the endless drain known as NTEK common stock because these are "rock bottom bargain prices" - LOL! How can anyone be "long and strong" at this point?
Dear NTEK shareholders. NTEK does not care or respect you, that part should be obvious. You are being treated as a source of revenue via dilution into Royal Capital Group Coffers, nothing more.
Lawsuits are crushing ntek. It'll all be over soon, ntek has no money to pay lawsuits or renew the paramount deal for ultraflix.
Foley pocketed millions via Royal Capital Group while shareholders are going BROKE.
Such a scam!
Dan Wong got screwed over by NTEK
NTEK will never be audited!
Sadler Gibbs dropped NTEK like a hot brick once they saw those cooked and fraudulent financials. Remember when NTGL audit was "in a matter of days"? Now NTGL doesn't even exist as a corporation.
NTEK is a gathering of criminals and penny scam artists. Not to be trusted or believed.
No short interest in NTEK - They've diluted BILLIONS of shares. Foley has been making it rain NTEK common shares for years now. Just ruthlessly printing them up and dumping on the market.
Shorts are not causing the PPS to fall. It's the rampant dilution and dumping via foleys very own Royal Capital Group.
Shareholders here got worked over so hard, most are in complete denial.
NTEK has no money to get Ultraflix new content.
6 grand in cash, LOL. that gets you what, 5 minutes of a new release movie?
Foley is frantically stuffing investor money into his pockets while he still can.
And the A/S is still 499 million? NTEK has ~391 million post R/S shares available for dilution.
All this dilution is to pay off lawsuits and lawyers. NTEK has no money for new content and nobody wants to sign a content deal with them anyways.
NTEK stock is obviously headed much lower.
Why even buy NTEK stock? It's a failed penny scam, they're on the last stages diluting away the remaining equity.
You might as well write a check straight to Dave Foley.
Ultraflix is not a viable business. You need new content constantly on these streaming services and nobody is going to do a content deal with NTEK after the k2 lawsuits.
I'm amazed people are still averaging down on NTEK stock. You might as well throw your money into the fire place.
NTEK is finished. 2 employees, no physical location, no investor relations, massive lawsuits, endless dilution into Royal Capital Group coffers.
NTEK IS A SCAM!
NTEK down to 2 employees with 4k studios, "NTEK HQ" on Kruse Drive, and NTGL closed and dark with nobody home or answering any phones.
Its just Jeff Foley and Phil Foley fighting off lawsuits from their homes.
A fitting end to a blatant penny scam. Dave Foley is laughing it up in Taft CI with everyone's ill-gotten retirement money.
NTEK with a record breaking dump fest.
The shorts win - NTEK heading to ZERO
NTEK market cap is less then the value of the lawsuits against them.
Even with diluting shareholders NTEK is bleeding cash.
$670,000 LOSS
Gross revenues mean nothing.
Financials will be unaudited despite Jeff telling people audits are being worked on and "coming soon" for 3 years now.
What a clown show NTEK is.
Anyone reading over NTEKs past press releases and shareholder letters can tell they're full of crap.
Fins will be uploaded once Jeff makes his way to Taft and gets a hold of Dave's scribble pad with the numbers.
Ntek is heading for bankruptcy or sec suspension.
Lawsuits are sinking ntek. Foley made too many deals he couldn't follow through on.
Dilution for legal expenses. Only way NTEK can fend off lawsuits is with shareholder dilution.
NTEK diluting shareholders to pay lawyers and settlements.
NTEK Pump and Dump promo underway.
Paid $15k for a stock promotion.
Foley took shareholders to the cleaners.
Diluted them down 99% from the top by printed up billions of shares and funneling them to the incarcerated founders front company (Royal Capital Group).
Beware of NTEK stock promoters.
They are only looking out for their own personal gain. They want new investors to buy into this so they can flip their shares at a higher price.
Don't be fooled - NTEK is a rampant form 15, hiding from the SEC, insider enrichment SCAM. NTEK has put out years and years of false and misleading promises and has diluted shareholders down 99% form the top. Now they have millions of dollars in lawsuits to pay up.
NTEK founder is in prison for multiple fraud convictions and his brother with no tech background runs the show.
NTEK is closing up shop
No physical location, no phone numbers to reach any "management", no new employees, no investor relations.
It's really just Phil and Jeff trying to fight off NTEKs lawsuits from home.
No new uploads on ultraflix and there never will be, not after they got sued so bad by K2. Who's going to want to sign a content deal with NTEK? Nobody in their right mind.
The only NTEK location open for business is Dave Foley's field office in Taft Correctional Facility.