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RS or AS?
It's a tossup. They can't make it until October 14 under the current A/S - no way no how, but they'd like to. Then massive R/S before the insiders dump their 35MM shares coming off restriction at that time.
Hence their attempt at a blatant paid pump and dump that started with the email blast yesterday and was followed up today by a PR from NTGL (in clear violation of their "we don't condone 3rd party P&Ds).
Darker and deeper on the toxic financing
Much, much darker. This sham is over. The toxic financing these idiots have to resort to now ends up with people in the hospital if debts are not paid or liquidity dries up.
Even the shadiest of the shady need some sort of nugget to insure their funds. Anyone want to guess where all the money from the last two share increases went?
They owe that much next week.
LOL - it's all imploading. At the current PPS, that won't pay the bills to get them out of legal jail even if they dumped it next week and some how made that cash available for current debt.
It's over fellas.
Nano got enough to stay out of jail?
It's not looking good fellas. Those in the know know the A/S raise is locked in and done. Question is, can you make up some BS excuses people will buy and then sell enough of your worthless new shares quickly enough to get the cash to avoid the slamma?
You're losing the only REAL 4K content you have end of this month as those IP holders cancelled their contract for non-payment - but they still want the money you owe them. And it's not looking good - very tight timeline to avoid personal liability fellas. Big FAT check every single week or else.
Wait and now I'm hearing Paramount didn't get their last installment? What exactly are you fellas doing here with all that money? How long you think you can hold them off Wire Transfer???? Granted, it's old HD/SD files they don't care about at Paramount, but you did sign the contract after all.
And LG (and the rest of the alliance) won't return the calls? And now the PORN server is a huge issue?
Should be a very interesting week for bagholders.
NTEK's Page Went Bye Bye
Oh yes, Wonkey Dong did promise investors an update would be coming after close of the market yesterday. In fact he did so in several posts. Then poof, as of now, the "Official NTEK Investor" Facebook page has been taken down.
Yet another in a very, very long line of unfulfilled promises. Did anyone expect anything else from this total, complete scam? Even with blinders on, peeps have be fed up with getting lied to time after time after time.
https://www.facebook.com/groups/859426744140995/
A/S raise coming sooner than imagined. Expect .005 next week.
FatFedFoley Still Makes All Decisions
Hate to tell ya - Fed Inmate Foley still signs off on all major financial decisions. If this is illegal and Foley isn't allowed to conduct business from prison, perhaps Nanosham employees should not write things like "just need Dave's sign off" or "David has approved...." in emails and such - WHOOPS.
Which are all kept and on record.
Whether or not Fed Inmate Foley can control the day-to-day of market manipulation with the paid pumps and dilution, who knows?
But trust me when I tell you, no major financial decisions are made (especially pertaining to hard currency going out from the shrinking Bank 'O Nanosham) to keep everyone out of hot legal water without Davey's direct approval. Doesn't mean the D-list employees aren't bailing with any shares they have as quickly as possible. Especially since Davey did so clearly last Friday.
If peeps would just read the right stickies....LOLOL. Here's a new sticky - A/S raise coming sooner than you'd imagine to keep everyone else out of court. Bye bye to the current horrid PPS - it's gonna tank.
And here's sticky #2 - just gotta find the right "auditor" to "value" the untested, zero patent "IP" of NTGL at the "right" valuation on that line item to the next scam up and running - LOL.
Whaa happened to the NTEK Facebook page, where earlier today Donkey Wong promised a SHM update?
This scam is pulling apart at the seams. LOL
No no no - much more significant.
Gift cards, an idea that had it's day in the 90's, on a bottom tier Chinese brand TV nobody in the US has ever heard of.
And old SD and HD movies stretched out to "fauxK" resolution. Which are available everywhere for free, but that Nanosham believes they can charge for.
With zero awareness and zero marketing.
Oh, and no 'pre-loaded' app on any 4K TV whatsoever.
And no "one-click" access to anything.
Oh, and vapor and smoke from Lionsgate and Universal. And no Amazon or Apple. And no NFL.
But they'll pay to get the app loaded on Hisense, and most likely pay to get Sony to put it on with a horribly bad deal.
An A/S raise will get the funds to pay these guys to deal with Nanosham crap, buried way deep in the app section where nobody will ever find it.
But it will keep this scam alive until October, when the slaves at Nanosham have another 37MM shares coming off restriction.
Not worth much by that time as the PPS with be a half-penny, but good coin for the worker bees for sticking with this scam for one more month.
What a bloodbath...
Tis a shame. If only people would read the stickies....it's not over. Friday will be UGLY.
There is NO HDR on Ultrasham
Just like UF on Sony's back from 2014? Or "almost there with LG?" Another shameless (and most likely illegal) completely false pump to dump. Nanosham has ZERO 4K HDR. None. Zip. And you think consumers give two craps what delivery network any of these apps use? The CDN scam was another pump to make people believe Nanosham had some sort of legit thing going on with Verizon. Complete garbage.
Sony kicked NTEK's butt to the curb. Need proof? Email Mike Fasulo. Any "insiders" need his email? Nanosham promised a boatload of complete crap they couldn't deliver. Sony gave them a year - Nanosham did nothing. Sony bailed. Those in-store promotions Nanosham paid for will soon be replaced with GLOSSY NEW AMAZON UHD HDR logos.
Sony does NOT WANT HD SCALED garbage on their Sony 4K HDR TVs. Which is why they partnered with AMAZON in a BLOCKBUSTER ANNOUNCEMENT picked up by all major press around the US yesterday.
Nanosham promised native 4K and simply did not deliver. Period. The only hope for Nanosham is not to trigger Hisense to bail and perhaps launch before the end of the year. Everyone else is off the table, including Sony. Period.
Nothing from Paramount was delivered to Nanosham in 4K format digitally, and nothing from Paramount was delivered to Nanosham on film stock for Nanosham to scan. Need proof? Call out Aaron "wire transfer" Taylor.
Good lord - enough with this crap. People say the "NTEK Execs" read this board? Feel free to respond kids. Please provide proof when doing so, because all the PRs have been proven false.
NTEK will raise A/S before then
Even if they maxed out the current A/S tomorrow and assuming they had no other debt obligations, the funds won't cover their current contractual mishap and legal proceedings will continue to proceed in earnest.
Even if they sign a legally-binding deal to attempt to clean up their legal issues, the timeline to rectify those troubles fully is long before October (hint hint) - just sayin'
NTEK in a world of hurt here. Not sure how they can manage the continual A/S raises slowly enough to keep the PPS from cratering for good. Not and pay creditors in time to avoid the slammer.
More HD flicks on Ultrasham? Who cares?
Aaron Taylor already admitted the only source files they're getting from Paramount are HD digital files. So Nanosham is stretching them out to "fit" in 4K space and then charging money for them? Anytime you make a picture or video source larger without the the inherent data you just degrade the quality. So why do it?
Could it be because Nanosham can't actually compete with the real players and get actual 4K film stock and/or digital uncompressed 4K of current 2015 flicks from any studio?
Who thinks stretching HD files to fake 4K is a good idea and sellable to consumers? Obviously not the investment community, which is why this pig of a stock is down -75% year to date.
The 4K TV's internal upscaler does a far superior job. And it's free. As are all the Paramount flicks. You can watch them all the time on free, cable, premium, Netflix, Hulu, Amazon, etc.
Why in the world would anyone pay per view these flicks in HD if they already get them free? The correct answer is, no one would.
I'm falling asleep listening to this BS about Nanosham. Wake me up when they have ACTUAL UHD FILMS FROM 2015. And availability on 2015 Samsungs, all Sony, all LG, all Panasonics and the rest.
Until then, this sham is dead in the water.
Winning? LOLOLOLOL!
If one describes swirling around the sub-penny toilet as a non-audited scam as winning, I'd hate to see the definition of losing.
FYI - whether or not Nanosham's scanner units do or do not output 4K in the case of Paramount is irrelevant.
Paramount did not release one inch of film stock to Nanosham on this deal. 2K digital files only.
One quick email to anyone at Nanosham or their idiot IR dork will confirm that.
JUST THE FACTS.
Ultraflops has no 4K Content
2K digital scans from Paramount don't magically become true 4K/UHD just because you stretch out the resolution, then dump a huge portion of the inherent 2K file data information to display it at stupid low bitrates which would never even carry the load of true 4K streams.
2K digital scans from Paramount are not finished in HDR. You can't simply create HDR color gamut from a source file that doesn't have it in the first place.
P.S - the Apple MacBook Pro has zero 4K video capabilities and zero 4K HDR capabilities, so all of the examples sited in the link are complete and utter hogwash.
Interstellar Gone From App And Website
Looks like NTEK has now officially lost the only decent flick they had. Too bad. Now nothing but old 2K crap nobody's willing to pay for. Or at least not the 20% of 4K TV owners that can actually even get the UF app.
Isn't it ironic how completely ignoring repeated demand letters from a creditor, followed by legal demand letters from one of the best shark studio firms written on that creditor's behalf, along with a mile-long e-mail trail of complete and utter lies written by company personnel to both the creditor and the firm will result in trouble.
Isn't it ironic how repeated legal letters clearly outlining to the offending company the exact avenues of the court that would be aggressively pursued if immediate restitution was not made were completely ignored.
Isn't it ironic the sheer panic that set in when the repeated warnings became a stark reality? Isn't ironic the timing of court filings compounded an already dire situation that required the issuance of a public PR denouncing pump and dump?
Isn't it ironic that these idiots are too stupid to understand too little too late on the pump and dump angle? Especially since the company itself clearly issued false press releases to pump the stock and dump into it
Should be an interesting week next week.
Legal Filings for both company and personal breach of contract and conspiracy to commit fraud arrived at good ol' Nanotech HQ officially this morning around 10:00 AM PST. A little birdie told me the court filings go live Monday. So if you are wondering who just triggered the massive sell-off of pretty much everything they had teed up out of Rule 144 jail, perhaps a call to Mr. Wire Transfer would do the trick.
Speaking of jail, not sure how the personal filing got to Taft, but I suppose it did, as D. Foley is also named.
160K subs? LOLOL!
Is this coming from the same SHM summary that falsely claimed:
5. UF will be on APPLE TV Set top boxes !!!!!
Which is an absolute lie started by the criminals at NTEK and perpetuated by paid pumpers?
Oh and FYI - Paramount reported 165 transactions for Interstellar. So let's take the claim of 160K "subscribers" and do the math and project forward. What's the sell-through percentage? Lol.
Those numbers are so off they'd be laughable if they weren't so misguided.
P.S. - there are no other "divisions" making a dime, just like NTEK is underwater (as reported by A Taylor at the SHM/paid pumper summit).
Lawsuit should hit the net tomorrow
Those "unimportant" creditors Aaron "Wire Transfer" Taylor mentioned publicly at the SHM (aka paid pumper meeting) that NTEK had intentionally ignored (while using the IP holders content for company gain) will go live with legal filings by week's end/early next week "I'd imagine." A Taylor, D Foley "I'd imagine" also hit with personal fraud filings for falsely entering into contracts with neither the ability nor the intention to honor agreed upon financial terms.
P.S. - 165 downloads of interstellar - gross profit of $1648.00 on cost of revenue of $700,000.00.
Nanosham -74% Year-To-Date
No Sony
No Hisense
No LG
No Panasonic
No Warner Brothers
No Apple TV
No Lionsgate
No Revenues
Legal woes mounting
Out of cash
A/S tapped out
Pumpers need to work smarter, not harder. Paramount is now long baked into the PPS, and the smart money knows these library films are pointless in PPV world, hence the forthcoming sub-penny slam.
Sub penny this week for certain
Reading where during the SHM (aka paid pumper summit) NTEK said it was unhappy with the current PPS.
So what's their strategy? Claiming to be working on an audit of NTGL - a completely empty shell - one with a couple hundred bucks on one line item....BEFORE audits of NTEK.
What's that tell everyone? They have no intention of every auditing NTEK - the books are BLOOD RED and all audits would reveal is the extent of the scam.
The only people who made money during this latest pump where the paid promoters and insiders.
NTEK getting crushed with legal filings, so they're ramping this thing up as much as possible, hence the immediate 30M increase in dilution. But dumping into the pump isn't holding up very well any longer.
Excellent post.
Never going to happen. Look no further than Nanosham's track record with their two measly 2K scanners and how many "announced" films they have actually uploaded. Their percentage of announced versus reality is like 4.5%. The only way to get anywhere close to that number of 66 films per month is to have Deluxe or Technicolor or Sony do all the work. And that would meaning having all the original film stock and DI masters immediately.
Forget color, noise or fade/decay correction - even with the real players in the film to digital scanning industry. There is no possible way to do 66 films per month unless you outsource. And to do it correctly, you are talking 100K per film and three weeks per film minimum. Paramount is not going to just let Nanosham do whatever they want. All of these films - even though they are old, back catalog titles, will need approval from Paramount before they go live.
Nanosham has one high school gal sitting in an empty cube in Hollywood in rented space. None of this is ever going to happen beyond the pump of the first group of films.
And that pump - and all the films they will supposedly have available - was built into the PPS weeks back when they announced this deal. And this sham can't even get to .02.
Very Expensive Failed Pump
Let's see if we can break down just how much it cost NTEK shareholders for this pathetic failure of a pump:
The room rental for the sham SHM cost how much?
Paramount fleeces NTEK for films long exited from their TVOD lives - how much did that cost shareholders? 1 million bucks? More?
How much for the d-list pumpers who already came and went from this one day wonder pump?
So what is that, $1.5 million or more dollars of shareholder money? For a .0009 gain?
Hysterical.
NTEK IR SHUT DOWN WEBSITE
What happened there Donkey Wong???? Beginning of the end? Better also get that fake press release off of Business Wire ASAP.
http://omnivanceadvisors.com
Hey Aaron Taylor...
How about you slow your roll a bit and stop signing deals your company can't pay for. How about you pay those content IP holders you signed deals with and have been avoiding for almost a year. How about you don't open your pie hole and state publicly that you paid $1M for old Paramount films while also telling your current creditors you don't have the money to pay the bills for binding contracts you signed long ago. And stating publicly - "we owe people money, but those creditors are not important." Huh?
I know you limped out of high school, but the legal definition of fraud has your personal name written all over it. And trust me when I tell you, you don't f@# around with Hollywood law firms. They will bury you, your company and your entire family. You'll be eating crap out of a TV tray with Foley and talking about your prison laundry jobs if you don't step it up and come clean.
They are behind on some bills but they're not important ones?
First off, thanks for the unbiased recap. Good to read this in and amongst all the fluff pumping. A question - are you saying NTEK readily admitted they are behind on bills? Did they provide specifics as to amounts and/or vendors?
It's kinda shocking to have them first admit they are behind on bills, then turn around and say "they're not important?" What does that mean? They do deals with companies, then determine later who they will and will not pay in a timely fashion? In addition to poor management, that is also going to get them in a heap of legal trouble.
Also, how can an upstanding company admit to having outstanding debt to content holders and then turn around and take funds (that should be used to come current on bills) and use those funds to strike a new deal with Paramount?
I'd be good if someone could expand on this a bit.
There are maybe 20K signups and far less active users
Does anyone understand how this business works that NTEK has gotten into? Nanosham pays around $1,000 in MG (minimum guarantee) per month for their higher end IMAX-type flicks. Forget films like Interstellar - that's an entirely different money loser. This means NTEK must pay at least $1,000 per month for each IMAX type flick regardless of how many rentals they have, and 30% of anything above that number as a revenue split. The MG is a dirt low number often offered to start ups.
So Nanosham doesn't make a dime in profit until the $1,000 in consumer downloads is met per film each month, and then only 70% of anything above that number.
Nobody asked how the model works at the shamholder meeting, yet people blindly invest? That makes no sense.
So NTEK is getting legal breach and fraud letters from content IP holders who haven't even been paid their MG each month, but people believe they have hundreds of thousands of paying customers?
People are so frighteningly naive, it's scary.
P.S. - the Roku "deal" means nothing. Who needs a Roku box that also has a 4K smart TV? It's not like the existing Roku fanboys who use Roku because they have hold non-internet connected TVs are suddenly going to go out and buy both a new Roku box AND a new 4K TV. Is this Nanosham's excuse for why they still don't have LG, Panasonic and all the rest?
LOL - no new deals can be signed - at least none the require cash payments. NTEK owes IP content holders for massive outstanding back payments. Nanosham has admitted on record to these owed IP content holders that they don't have any cash to pay their existing contracts.
Should NTEK actually enter into a new paid content agreement, the existing fraud case gets ramped up to the moon. You can't tell existing creditors you don't have the money to pay, then turn around and sign a new cash deal with a new IP content holder.
LOL - they can say whatever they want. Zero new paid content will go live on Ultraflops until existing creditors are paid in full. The legal filings are already in.
They are just blowing massive hot (and worthless air)...
Missiles Fired! Don't Hold Over Weekend!
Confirmation that missiles were fired by disgruntled, fed up content IP holders. Much worse than previously rumored. All the false promises and slick talk are over now. Execs painted themselves in a corner they can't get out of. People holding by EOD do so at their own peril when the explosion hits Monday. Mark it.
Say Bye Bye to all IMAX Titles
Interesting use of the word "preferred" in the statement "some preferred the extensive IMAX films on Ultraflix." Perhaps done without knowing, but that is exactly correct.
The cream of UF's crop, the IMAX titles, are all going bye bye due to breach of contract and egregious non-payment of multiple contractual obligations by NTEK. Worst kept secret in Hollywood. Which is why nobody else will touch NTEK with a ten foot pole.
So everyone enjoy the old films with zero value, long gone from any revenue possibilities in the transactional space. Cause ain't nothing current TVOD-wise coming ever to NTEK. And FYI - real TVOD players play with current 2015 flicks - nothing more. Because no consumer pays an on-demand price for films they can watch for free on SVOD, cable and free TV.
Any doubters, feel free to reach out to one of their shunned creditors, VGTL (Amilya Antonetti is the CEO) and ask if they've received a cent from NTEK per their mutual agreement from September 2014.
http://4khub.com/news/48527/vgtel-adds-4k-library-to-nanotech-ultraflix-channel
SAMSUNG UPDATED REVIEWS
The entire office was just given a five minute "display" of the junk that is Ultracrap on our office Samsung. 15 people have just signed up for the Samsung website and written REAL reviews. It looks like they post to the site in the next 24-48 hours.
All reviews were uniformly written as ONE STAR reviews to accurately reflect what everyone saw, which was a stuttering and flailing pixelated crap picture from the 1963 blockbuster "Charade." It was truly, utterly and completely unwatchable.
How anyone could even attempt to pass off this sham as real is beyond me. But suffice it to say, the Samsung website will now be loaded up with much more accurate reviews.
What are your top 10 on UF?
Curious to know the top 10 films people are paying for on Ultraflix.
Wow - no NGTL distribution!
As was previously noted here, but yet again, investors chose not to read or digest. Excellent DD.
New shares will not result in new content!
Excellent point and not one that I think some of the investors here and elsewhere understand. It appears as though the speculation is that all of this 2015 dilution will somehow raise new funds for new content. False!!
As stated, this is absolutely NOT the case. What people see on UF now is what people are going to get for the time being. New content can only be acquired for cash, and to raise that, you either need net revenues (which do not exist, as confirmed by IR) or otherwise, yet another devil deal for toxic financing which will result in yet more massive dilution, with those toxic lenders having to be willing to wait in line for another year while all the others are paid off. Hence the death spiral that eventually implodes, which it is very much about to do.
Look now further than the last SHL for confirmation:
"Earlier this year we increased our authorized shares. This was necessary to meet contractual obligations that have provided the company with much needed intellectual property and licenses. Do people understand the past tense used here????
None of the legit content IP holders NTEK owes money to are taking shares - cash only, as per their contracts. And many of these are from 2015, so shares are not an option. But NTEK is so far behind on creditors, the analogy of a death spiral is exactly correct.
NTEK doesn't own five minutes of content.
That pump is going to fall dead flat on it's face, particularly as NTEK/UF/Whatever owns absolutely zero in terms of content. None of the content they paid a license fee (or got essentially for free, e.g. Bollywood) has any sub-licensing provisions whatsoever.
Rather than expanding, watch as the few dozen quality titles (think IMAX-type) disappear from UF by the end of the month. Mark it, because it is a fact. That tends to happen when signed contracts are breached, and as a result cease and desist letters are sent from legal firms representing said content IP holders along with demand for immediate payment of back payments due.
HHSE wants their 28M shares back
Check the HHSE board calling for a revolt. Looks like another lawsuit soon to be filed against NTEK for once again failing to uphold contractual obligations.
It just gets worse and worse for this failed sham.
Review: "Of all the films that could have been converted into 4K, why do we get these?"
There is a simple answer to why - outside of the two films from Paramount that NTEK drastically overpaid for and lost hundreds of thousands of dollars on - nobody in Hollywood worth their salt will do a deal with these scam artists...they don't pay their bills.
NTEK can't guarantee even the bottom of the barrel minimums required to play in the real transactional video on demand space with current 2015 films, so nobody is bothering to even take their calls.
Want to actually put old films long vanished from the transactional window back into that window again? (Seriously the stupidest, money-losing proposition in the history of digital entertainment). Sure, studios will happily sell you a license for that long outdated window. It's like paying a lease on a car from the 1980s - nobody ever would, but then here comes clueless NTEK wanting to make a deal.
As an investor you really should ask yourself if you'd pay 10 bucks to watch a film that came out in theaters five years ago and is already available free as part of subscription services, free TV or cable. Because that's the sham NTEK is pulling - getting flicks so far past their TVOD prime they get them essentially free.
It's all part of playing "dress up" to appear legit to naive investors who know nothing about the digital content space.