https://www.youtube.com/watch?v=xLpfbcXTeo8
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Lots of shares issued and coming off restriction after the one-year period ...
From the December 2013 disclosure (most recent one):
4) Issuance History
List of securities offerings and shares issued for services in the past two years.
Securities Offerings in the past two fiscal years:
On June 19, 2012, the Company issued Bruce Schoengood, unrelated and non-affiliated investor, 29,547,945 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $29,547.95.
On July 9, 2012, the Company issued Randel Reiss, unrelated and non-affiliated investor, 3,589,808 shares of restricted
common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture,
reducing the company’s debt by $3,589.81.
On July 26, 2012, the Company issued Long Side Venture, unrelated and non-affiliated investor, 320,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $2,880.00.
On August 15, 2012 the Company issued Titan Edwards, independent contractor 125,000 shares of restricted common stock containing the restrictive legend, as part of a completed services agreement from 2009.
On January 2, 2013 the Company issued Samuel Shepherd, unrelated and non-affiliated investor, 5,537,430 shares of common stock containing the restrictive legend, at $0.04 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $5,537.43
On January 14, 2013 the Company entered into a buyback agreement, reducing the overall outstanding shares by 75,810,552, cancelling shares previously issued to Global Media Enterprises, in exchange for an ongoing royalty respective to certain media properties provided by Global Media to NanoTech and redistributing them as follows:
issued Worldwide Cargo, independent service provider 1,224,490 shares of restricted common stock containing the restrictive legend, at $0.0024 per share, reducing the company’s debt by $3,000.00.
issued Long Side Venture, unrelated and non-affiliated investor, 26,030,874 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $154,102.79.
issued R&T Sports Marketing, unrelated and non-affiliated investor, 42,210,703 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $55,004.32.
issued Galaxy Worldwide, unrelated and non-affiliated investor, 42,796,086 shares of restricted common stock containing the restrictive legend, at $.0004 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $14,978.63.
issued M Stephen Roberts, independent service provider 780,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, reducing the company’s debt by $780.00.
issued David Foley, employee, 6,192,637 shares of restricted common stock containing the restrictive legend, as part of his employment agreement issued Vince Cerisano, unrelated and non-affiliated investor, 17,424,658 shares of restricted common stock containing the restrictive legend, at $0.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $17,424.66.
Philip Foley, unrelated and non-affiliated independent contractor, 25,500,000 shares of restricted common stock containing the restrictive legend, at $0.006 per share, to eliminate $153,000 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount, and acquiring license rights to proprietary technology and assets.
issued Carl Bellitti, unrelated and non-affiliated independent contractor, 25,000,000 shares of restricted common stock containing the restrictive legend, at $0.006 per share, to eliminate $150,000 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount, and acquiring license rights to proprietary technology and assets.
Issued Alan D. Stone, affiliated board member, 3,100,000 shares of restricted common stock containing the restrictive legend, as part of a compensation agreement.
issued David Swanson, employee, 5,000,000 shares of restricted common stock containing the restrictive legend, as part of an employment agreement issued Karen Davis, employee, 5,000,000 shares of restricted common stock containing the restrictive legend, at
as part of an employment agreement.
issued Lance Allison, unrelated and non-affiliated independent contractor, 500,000 shares of restricted common stock containing the restrictive legend, at $0.02 per share, as part of a services agreement.
Issued Jeffrey A. Foley, affiliated CEO & board member, 5,000,000 shares of restricted common stock containing the restrictive legend, as part of an employment agreement.
On February 20, 2013, the Company issued Joan Sherman, unrelated and non-affiliated investor, 2,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $2,000.
On February 20, 2013, the Company issued David Foley, employee, 25,000,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note dated December 31, 2011.
On April 12, 2013, the Company issued David Foley, employee, 20,000,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note dated December 31, 2011.
Wrong, David Foley has been DUMPING his 45,000,000 shares that are coming off restriction.
NTEK is a fatal Form 15 filer and thus a NON-REPORTING company. Insiders do not report share sales.
In fact, NOTHING in filed with the SEC.
NONE OF THEM CAN STREAM 4k at 6mps"
Maybe you haven't deconvoluted David's nonsense yet. Let me help you.
The limitation on the bandwidth required to transmit 4K content is dependent on the encoding algorithm, and not on the decoding hardware.
So no matter how "fast" your decoder is, the bandwidth required to stream 4K in realtime is controlled by how much the encoding algorithm can compress it.
So when David Foley (aka Federal inmate #13141-111) says "the secret is compressing different types of content in different ways" - that is the encoding standard that is used. So if Foley is claiming to have unique encoding methods for "concerts versus action movies", then those are DIFFERENT than what is used by Netflix and Youtube like VP9, h.265, and other STANDARD encoding algorithms.
There is nothing the mythical NP-1 (a decoder) can do to address the issue that the bandwidth requirement is controlled by the ENCODING algorithm and the degree of compression it can provide. Which is why Foley had to state "we treat different content in different ways" - a decoder has no idea what type of content it is processing - that can only be addressed by how you ENCODE the content.
So "streaming at 6Mbps" is not a feature of the mythical NP-1 - it would be a feature of different encoding algorithm(s) which are NON-STANDARD - but the encoding is controlled by the content providers (Netflix, etc.) and they are using standard algorithms. So a mythical NP-1 could not stream Netflix or Amazon 4K content any faster than the bandwidth bottleneck imposed by the standard encoding algorithm that is used by the content vendors.
Any other claim is more FoleyBS
"Bandwidth!!! Thanks to the NP-1, you won't need a lot of that! That's the whole point. The NP-1 streams 4k at 3 Mbps."
NO!!! You still don't get it. The end decoder (e.g., the mythical NP-1) does NOT make anything FASTER or use less bandwidth for a given image!!!
The amount of bandwidth needed to convey a given 4K image is controlled entirely by the ENCODING ALGORITHM - not hardware! That is why Davey Foley admitted that the only way he can reduce the bandwidth is to selectively choose different ENCODING ALGORITHMS based on the type of content (fast action sports vs. concert) during the ENCODING STEP (i.e., BEFORE transmission over the Net).
The NP-1 has nothing to do with that. It is a dumb decoder and is not the bottleneck that requires the bandwidth - THAT is the ENCODED STREAM.
If 4K content is encoded in h.264, h.265, or VP9 - that determines how much bandwidth is needs to stream that content - it is NOT the speed of decoding.
A mythical NP-1 cannot reduce the bandwidth needs of any movie encoded in a standard algorithm!!!! What Foley is talking about is using his own CUSTOM ENCODING algorithms (not h.264, h.265, VP9) to get more compression customized by the type of content.
That's fine - but it will not become an industry standard - it's only David Foley's sales pitch to fool people who don't understand he's doing a lab trick that will only work with content HE encodes with his own encoding algorithm (that nobody else uses!) to overcompress his selected content and then use the lab curiosity to say "hey, I can stream 4K in only 6Mbps" - so what? Nobody is going to use your special encoding method using different algorithms based on type of content. You can use it on Ultraflix (if that ever even launches) sending to your NP-1 with the custom codec. Fine - show Sammy Davis Jr. tapes and Polish movies at 6Mbps - who cares.
The studios and Netflix/Amazon and media industry have harmonized on uniform standards - like h.265 - and you're algorithm AIN'T IT.
A h.265 4K stream will require whatever bandwidth it needs to stream and the NP-1 can do NOTHING to improve that, because decoding is NOT the bottleneck - the size of the encoded stream is!!
Foley is totally misleading/lying to you by implying the NP-1 can reduce bandwidth requirements for NORMALLY ENCODED content that use industry standard algorithms!!!
If you still don't understand this, reread it as many times as it takes to sink in your head.
LOL - that fake mock-up image shows now a FOURTH (or fifth?) version of the supposed mythical NP-1 enclosure top. Black or gold? Plain or embossed with 4K, or 4K NTEK, or 4K Nanotech, or 4k Ultra HD or the version in the 9 stacked empty boxes obviously Photoshopped (and faked) version?
You know David Foley is the source that uploaded that content onto the Ingram website and not Ingram.
Foley can't even keep his fake images consistent!
More imaginary images for the mythical unicorn NP-1 that nobody can find - and apparently vaporized from BIG's desk before he could review it - LOL!
"NONE OF THEM CAN STREAM 4k at 6mps"
Maybe you haven't deconvoluted David's nonsense yet. Let me help you.
The limitation on the bandwidth required to transmit 4K content is dependent on the encoding algorithm, and not on the decoding hardware.
So no matter how "fast" your decoder is, the bandwidth required to stream 4K in realtime is controlled by how much the encoding algorithm can compress it.
So when David Foley (aka Federal inmate #13141-111) says "the secret is compressing different types of content in different ways" - that is the encoding standard that is used. So if Foley is claiming to have unique encoding methods for "concerts versus action movies", then those are DIFFERENT than what is used by Netflix and Youtube like VP9, h.265, and other STANDARD encoding algorithms.
There is nothing the mythical NP-1 (a decoder) can do to address the issue that the bandwidth requirement is controlled by the ENCODING algorithm and the degree of compression it can provide. Which is why Foley had to state "we treat different content in different ways" - a decoder has no idea what type of content it is processing - that can only be addressed by how you ENCODE the content.
So "streaming at 6Mbps" is not a feature of the mythical NP-1 - it would be a feature of different encoding algorithm(s) which are NON-STANDARD - but the encoding is controlled by the content providers (Netflix, etc.) and they are using standard algorithms. So a mythical NP-1 could not stream Netflix or Amazon 4K content any faster than the bandwidth bottleneck imposed by the standard encoding algorithm that is used by the content vendors.
Any other claim is more FoleyBS
April 15
Conveniently 3 days after DAVID RUSSELL FOLEY (NTEK founder and Chief Technologist - brother of the ice sculpting CEO - Federal Inmate #13141-111) has ANOTHER 20,000,000 shares hit their one-year anniversary and be eligible to come off restriction, be delegended, and dumped into the market.
On February 20, 2013, the Company issued Joan Sherman, unrelated and non-affiliated investor, 2,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $2,000.
On February 20, 2013, the Company issued David Foley, employee, 25,000,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note dated December 31, 2011.
On April 12, 2013, the Company issued David Foley, employee, 20,000,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note dated December 31, 2011.
And just like since Sunday, March 9th, you'll see the fourth-rate, D-lister paid promotional crew come to gin up volume for Davey to dump his 20,000,000 shares into - whacking bids, down volume massively exceeding up volume, painting the tape at the close, days all in the red, and spamming the iHub NTEK board with posters who repost old PRs, and if you look at their posting history you see they spam-bomb dozens to hundreds of boards each day with paid promo spam with minimal content.
Somebody's got to find sucker buyers for Davey's shares, so the D-lister gangs come in on cue and flood the board with hundreds of posts per day out of the blue and NTEK becomes the top board of the day and Shelley has to post a pointed reminder (which is ignored) that IRPs are SUPPOSED to disclose that they are compensated IRPs.
Yes, the FoleyDumpage will continue through April and we'll be hit with another wave of these paid promo D-listers.
45,000,000 restricted shares for David Foley (Federal Inmate #13141-111) coming off restriction and hitting the market with the aid of the paid promo crews.
Maybe in April, the Foley Brigade can hire a better promo crew than these ineffective fourth-rate pumpers. Davey will be in prison then, so the ice sculptor will have to find a new crew.
What does NTEK IR have to say about D SHOAF and what is their explanation for him being the President, Treasurer, Secretary, and sole Director of Nanotech Media, Inc. and Nanotech Communications, Inc.??
Oh wait, IR refuses to answer that question.
Maybe he's the captain of the slow boat from [?China?] with the mythical, missing NP-1s on their way to [port] scheduled to arrive on [date] that IR has been referencing since late January.
Maybe IR can clarify what happened to the "thousands" of mythical NP-1s that were allegedly shipped to end users as recited in IR's email of February 6th.
I'm sure they'll have the latest set of excuses and "explanations" along with renewed promises of "shipping now" and "soon".
And still nobody will have their NP-1 or be able to find them for sale anywhere.
For the Spanish-speaking market, the NP-1 hypothetical product should be renamed the Mañana.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99026891
"It's obvious that the sales/revenue numbers are made up, are fake.
That would equate to massive fraud.
Even a blind person can see that the product sales/revenues are a mirage.
Indeed so. NTEK is a massive insider share distribution game and an insider enrichment scheme, very reminiscent of the completely faked financials and bogus orders seen in other notorious penny stock rig jobs that people were apologists for right up until the stock halt, SEC complaint, indictment, and FBI arrests of the management (CEO and CFO).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44951212
Google "finra approval dividends". It's a fact. FINRA approval is required.
A company (even a Stinky Pinkie like NTEK) cannot pay any dividend without prior FINRA approval. And there is zero evidence that NTEK has any request for dividend approval with FINRA, which has either 60 or 90 days to approve or disapprove.
So ain't nothing happening in April.
But FINRA is really less relevant, since NTEK has no intention of a cash dividend - they are not profitable and the last financial disclosure they had $55,000 to their name.
This is a stock printing and share distribution scheme. Just like SPN_ was, for those pumpers who remember that before the SEC shut it down and the CEO and CFO were arrested. The CFO gets sentenced for securities fraud next month. Leading the way for David Foley.
Meantime, no NP-1s are delivered, Ultraflix is not available online, CES was a huge bust for NTEK, and there is nothing but pure vapor.
LOL - NTEK IR - the same clowns who claimed thousands of NP-1s were shipped to end users on February 6th - yet none showed up over a month later.
The same IR with the "slow boat from China" with no port and no arrival date - and which they still can't tell you where or when it will dock.
The same NTEK IR that has no explanation for why D SHOAF is the President, Secretary, Treasurer, and sole Director of Nanotech Media, Inc. and Nanotech Communications, Inc.
The incredible NTEK IR department.
Still nothing filed with the SEC. Still IR boolsheet.
NTEK is a share distribution scam and insider enrichment scheme - just like SPN_ was - which is where some of the pumpers here originated from.
From one FRAUD to another. Gotta move those shares to get paid to pump.
"Mark this post: D.F. / ntek will give a dividend. It will be restricted shares AND D.F. will increase the authorized into the billions and give himself, family and all insiders tons more shares.
That's how empty shell scams work. ntek has no proof of revenue, so I'm calling ntek a shell."
It's marked. And you are spot on. NTEK is a share selling scam and an insider enrichment scheme. And it was planned that way from the get go by convicted felon and NTEK founder, DAVID RUSSELL FOLEY, Federal inmate #13141-111.
There are no filings. NTEK is a fatal Form 15 filer and is a non-reporting, non-compliant company that no longer files with the SEC.
They do pay OTCBB.com to host them to post PR and "reports" that have zero official validity on the OTCBB.com website, so paid promoters can point to that nonsense and call it a "report".
But there is no report to the SEC, and there is no longer any requirement for any officer of a non-reporting company to report their SALES of stock in a Form 15 company.
So there is quite simply ZERO official information on NTEK. NONE. They are not filing with the SEC anymore - that's why they are a Pink Sheet stock.
Things posted on OTCBB.com are no more useful than David Foley's tweets or his November interview where he stated that the mythical NP-1 would be "available this Christmas season".
It's paid propaganda with zero official validity.
"They are still bound by the law."
So are ALL the pennystock rigs and scams. Doesn't stop them.
And the law sure didn't impede David Foley from committing game counterfeiting fraud and bank fraud, and now that felon is going to prison in 9 days.
Every pennystock scammer was "bound by the laws" - and the lure of tens of millions of free dollars from suckers proves too alluring and the risk of actual penalty too small to deter them.
"Call IR and confirm"
LOL! Yeah, since IR has been shoveling crapola for months. Great place to get the latest lies. While you're on with Lorraine, ask her what happened to those "thousands" of NP-1s that she claimed had been shipped to end users on February 6th.
Oh, and ask her why D SHOAF is the President, Treasurer, Secretary, and sole Director of Nanotech Media, Inc. and Nanotech Communications, Inc.
She doesn't seem to want to answer that one.
The mythical NP-1s are all in the custody of the missing-in-action President, Secretary, Treasurer, and sole Director of Nanotech Media, Inc. and Nanotech Communications, Inc. - D SHOAF who IR still refuses to explain why this unknown person is the sole officer and director of these Nanotech entities. Maybe this MIA officer/director has the missing NP-1s that nobody has received and has zero independent reviews or tests.
Contrary to what IR has spewed for MONTHS now.
No deliveries - only hot air from this share-selling scam and insider enrichment scheme run by a convicted felon going to Federal prison in 9 days for game counterfeiting FRAUD and bank FRAUD.
Securities fraud charges coming next.
Post the entire document and SOURCE IT (you claim if came from the FBI - PROVE IT and post the entire document and the SOURCE link, then ask STEVEN YEHUDA MOSKOWITZ at his sentencing hearing next month for securities fraud.
You can trust him. He wrote it.
Tell him though from now on not to put "Since 1972" in the firm name and to capitalize the street and suite in the address. And he shouldn't put a colon between "Fax" and his own fax number, and definitely not a space between the word "Fax" and the colon, and then no space between the colon and his fax number.
Or just write to him in PRISON because he'll have a long time there to be your captive audience.
You can also ask him how that Spongetech re-start is going! LOL! He wouldn't LIE to ya.
Signing off,
David YEHUDA Bomart
The IR posts have discredited themselves. Promises and information that subsequently did not pan out. Lorraine Cullivan's email string of February 6th claiming thousands of NP-1s were shipped to end users is difficult to reconcile with nobody having received any. Not one - except possibly one stock promoter (BIG).
NTEK Facebook posting inconsistent and photoshopped pictures of empty boxes of inconsistent design and markings.
It's 6 weeks later. Where are the thousands of NP-1s? Nobody can find any - not even one out of those thousands.
Was every one of the thousands lost in the mail?
No reviewers seem to have received them. There are no independent reviews.
Ultraflix was said to launch on Superbowl Sunday. It's still not available.
IR in January said there was a shipment of NP-1s on a ship, but they couldn't say where the ship was, where it left from, and they had no idea where it would arrive or the estimated arrival date - but they were sure it had sailed. Nobody ships with a carrier that cannot tell you what port it will arrive in and give you an arrival date. Business is not done that way. IR was clearly making up a bogus story to keep hope alive. Just as they are now.
Bottom line: there is still zero evidence that even one NP-1 has been shipped to an end user, or even arrived in a US port.
Ultraflix is still not online with content.
The company is all smoke-and-mirrors. A constructed illusion of names and rental fronts and a rooted MadCatz MOJO mainboard with a new enclosure and a 4K codec that David will demo but not allow out for testing.
And he's got 45,000,000 shares coming off restriction on their one-year anniversary and he goes into Federal prison in 9 days where he has to give up trading control to someone else by a power-of-attorney and he can't communicate his trading instructions from prison or follow the market trading.
And since Sunday, March 9th, they've been running a paid promotion to try to gin up suckers to buy NTEK shares, like those Foley shares coming off restriction, using a fourth-rate stock promotion crew.
IR has impeached themselves. They can't blame anyone else for that.
They just need to stretch ooooouuuuutt that illusion for a couple more weeks - maybe into April for the next 20,000,000 tranche of Foley's restricted stock to mature and get delegended.
Lots of shares issued and coming off restriction after the one-year period ...
From the December 2013 disclosure (most recent one):
4) Issuance History
List of securities offerings and shares issued for services in the past two years.
Securities Offerings in the past two fiscal years:
On June 19, 2012, the Company issued Bruce Schoengood, unrelated and non-affiliated investor, 29,547,945 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $29,547.95.
On July 9, 2012, the Company issued Randel Reiss, unrelated and non-affiliated investor, 3,589,808 shares of restricted
common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture,
reducing the company’s debt by $3,589.81.
On July 26, 2012, the Company issued Long Side Venture, unrelated and non-affiliated investor, 320,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $2,880.00.
On August 15, 2012 the Company issued Titan Edwards, independent contractor 125,000 shares of restricted common stock containing the restrictive legend, as part of a completed services agreement from 2009.
On January 2, 2013 the Company issued Samuel Shepherd, unrelated and non-affiliated investor, 5,537,430 shares of common stock containing the restrictive legend, at $0.04 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $5,537.43
On January 14, 2013 the Company entered into a buyback agreement, reducing the overall outstanding shares by 75,810,552, cancelling shares previously issued to Global Media Enterprises, in exchange for an ongoing royalty respective to certain media properties provided by Global Media to NanoTech and redistributing them as follows:
issued Worldwide Cargo, independent service provider 1,224,490 shares of restricted common stock containing the restrictive legend, at $0.0024 per share, reducing the company’s debt by $3,000.00.
issued Long Side Venture, unrelated and non-affiliated investor, 26,030,874 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $154,102.79.
issued R&T Sports Marketing, unrelated and non-affiliated investor, 42,210,703 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $55,004.32.
issued Galaxy Worldwide, unrelated and non-affiliated investor, 42,796,086 shares of restricted common stock containing the restrictive legend, at $.0004 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $14,978.63.
issued M Stephen Roberts, independent service provider 780,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, reducing the company’s debt by $780.00.
issued David Foley, employee, 6,192,637 shares of restricted common stock containing the restrictive legend, as part of his employment agreement issued Vince Cerisano, unrelated and non-affiliated investor, 17,424,658 shares of restricted common stock containing the restrictive legend, at $0.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $17,424.66.
Philip Foley, unrelated and non-affiliated independent contractor, 25,500,000 shares of restricted common stock containing the restrictive legend, at $0.006 per share, to eliminate $153,000 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount, and acquiring license rights to proprietary technology and assets.
issued Carl Bellitti, unrelated and non-affiliated independent contractor, 25,000,000 shares of restricted common stock containing the restrictive legend, at $0.006 per share, to eliminate $150,000 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount, and acquiring license rights to proprietary technology and assets.
Issued Alan D. Stone, affiliated board member, 3,100,000 shares of restricted common stock containing the restrictive legend, as part of a compensation agreement.
issued David Swanson, employee, 5,000,000 shares of restricted common stock containing the restrictive legend, as part of an employment agreement issued Karen Davis, employee, 5,000,000 shares of restricted common stock containing the restrictive legend, at
as part of an employment agreement.
issued Lance Allison, unrelated and non-affiliated independent contractor, 500,000 shares of restricted common stock containing the restrictive legend, at $0.02 per share, as part of a services agreement.
Issued Jeffrey A. Foley, affiliated CEO & board member, 5,000,000 shares of restricted common stock containing the restrictive legend, as part of an employment agreement.
On February 20, 2013, the Company issued Joan Sherman, unrelated and non-affiliated investor, 2,000,000 shares of restricted common stock containing the restrictive legend, at $.001 per share, as part of a conversion of a convertible debenture, reducing the company’s debt by $2,000.
On February 20, 2013, the Company issued David Foley, employee, 25,000,000 shares of restricted common stockcontaining the restrictive legend, at $0.001 per share, to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note dated December 31, 2011.
On April 12, 2013, the Company issued David Foley, employee, 20,000,000 shares of restricted common stock containing the restrictive legend, at $0.001 per share, to eliminate compensation past due under the terms of an employment agreement from 2007, and reducing the company’s debt by the same amount covered in a promissory note dated December 31, 2011.
According to NTEK IR in an email of February 6th, they had "shipped thousands" of NP-1s.
Only on March 21st, nobody (other than David Foley and a paid promoter) has received any.
No reviewers have received any to test and review.
Ultraflix was "launched" on Superbowl Sunday - only it's not available on March 21st.
The unicorns cannot be found. But as of last Sunday, March 9th, a paid promotional campaign began to help David Foley dump his 45,000,000 shares coming off restriction, so he can bag his take from this scam before entering Federal prison on 27 March 2014 for game counterfeiting fraud and bank fraud.
Red Tape by the NTEK Bagvestors Choir
Red tape at close
Red tape at close
Whoa oh, oh oh oh, oh-oh-oh-oh-oh
Red tape at close
Red tape at close
Whoa oh, oh oh oh, oh-oh-oh-oh-oh
Should have taken warning, it's just
People mourning
Running, hiding, lost
You can't find, find a place to go, so it's
Red tape at close
Red tape at close
Whoa oh, oh oh oh oh
Convicted felon and NTEK founder David Foley likely hired them. He has 45,000,000 shares of NTEK coming off restriction and he's reporting to Federal prison on 27 March 2014 for a two-year stretch for fraud related to game counterfeiting and bank fraud. He can't trade in prison, so with the promo crew starting LAST Sunday, looks like he's hired a fourth-rate pump crew on the cheap to gin up some volume for him to dump those shares into.
Only 8 trading days left for him before the Big House. He's got a ton of shares to dump. And 20,000,000 come off restriction for him after April 10th.
"Foley is Much Ado About Himself. He believes his own lies. He is a Sociopath."
Indeed. Which is why the court has imposed on him 5 years of mandatory mental health treatment after his two year prison term is up.
But he will likely be staying in or going back in very shortly after the two years, along with his brothers and a few others for the NTEK securities fraud.
The Significance of Abnormally Sized Bids on OTCBB Scams
The OTCBB market is composed of Market Makers that display bids and offers for securities in an over the counter fashion. When investors place orders to buy or sell securities these orders get routed to one of these market makers who then displays those orders in the marketplace and executes the trades when their price is matched by another market maker.
Typically on the OTCBB market makers display the standard sizes regardless of the shares they represent. This is consistent with market etiquette but more importantly is consistent with the logic of obtaining the best price for your customer. Let us elaborate:
If you are in the market interested to buy 10,000 shares of a stock on the OTCBB @ $1.00 while every other market maker is displaying the standard 500 shares between $1.00 and $1.50 wouldn't it make more sense to display the standard 500 share amount and not tip off the market that there is a huge buyer in the market for 10,000 shares? If your true intention is to accumulate a position in the security the best course of action is to let the market sell those shares to you naturally.
What the group does is display 1,000,000-5,000,000 share bids on a stock where every single market maker displays 500 shares. These orders make no sense and often supersede the entire daily or weekly trading volume of the stocks. They are meant only to manipulate the shares higher. But what is so terrible about these orders is that they can be cancelled in heartbeat confirming that the original indication of interest was nothing but a sham.
From our discussions with regulators and broker dealers they explained to us that 90% of market makers would never display the size of an order exceeding the standard amounts both for the obvious reasons we stated and for fear of being viewed as manipulating the price of a security.
Ask STEVEN YEHUDA MOSKOWITZ - he's the guy who wrote it.
Based on his haphazard behavior, poor attention to detail, and general ADD-like bizarre writings, he might have forgotten.
Like a lot of his emails.
Ask Steven Moskowitz - he won't lie to ya!! You can believe what he tells ya!!
515,000 and 382,800 share buys.
The Significance of Abnormally Sized Bids on OTCBB Scams
The OTCBB market is composed of Market Makers that display bids and offers for securities in an over the counter fashion. When investors place orders to buy or sell securities these orders get routed to one of these market makers who then displays those orders in the marketplace and executes the trades when their price is matched by another market maker.
Typically on the OTCBB market makers display the standard sizes regardless of the shares they represent. This is consistent with market etiquette but more importantly is consistent with the logic of obtaining the best price for your customer. Let us elaborate:
If you are in the market interested to buy 10,000 shares of a stock on the OTCBB @ $1.00 while every other market maker is displaying the standard 500 shares between $1.00 and $1.50 wouldn't it make more sense to display the standard 500 share amount and not tip off the market that there is a huge buyer in the market for 10,000 shares? If your true intention is to accumulate a position in the security the best course of action is to let the market sell those shares to you naturally.
What the group does is display 1,000,000-5,000,000 share bids on a stock where every single market maker displays 500 shares. These orders make no sense and often supersede the entire daily or weekly trading volume of the stocks. They are meant only to manipulate the shares higher. But what is so terrible about these orders is that they can be cancelled in heartbeat confirming that the original indication of interest was nothing but a sham.
From our discussions with regulators and broker dealers they explained to us that 90% of market makers would never display the size of an order exceeding the standard amounts both for the obvious reasons we stated and for fear of being viewed as manipulating the price of a security.
6. Who prepares the paperwork and who submits the request for removal of the Rule 144 legend to the Company’s stock transfer agent?
Your stock broker (or bank) is responsible for (a) preparing the appropriate documents (seller’s representations letter, broker’s representations letter, Form 144, legal opinion and attachments, stock power, etc.), (b) obtaining your signatures on documents as required and (c) submitting all necessary documents (including the original stock certificate[s]) to the Company’s stock transfer agent. A copy of these documents will also be submitted to the Company. The Company will review the documents and, if you are eligible to sell, authorize the stock transfer agent to remove the restrictive legend.
A legal opinion letter is not sufficient. The TA also contacts the issuer (Company CFO) to get final authority to remove the legends.
So not only did STEVEN YEHUDA MOSKOWITZ write the David Bomart letters in his characteristic mispelling, broken grammar, and miscapitalized format seen in all his other emails and letters, but even AFTER the Bomart letters were faxed to the TA from Moskowitz's own fax machine, the TA still has to send copies of everything that was submitted to the TA on to the Company CFO and get final authority from the CFO - which also coincidently happens to be STEVEN YEHUDA MOSKOWITZ.
The felon who is convicted of securities fraud and who is going to Federal prison.
David Bomart was STEVEN YEHUDA MOSKOWITZ.
If you have questions about the Bomart letters, ask their dyslexic author, STEVEN YEHUDA MOSKOWITZ - just ask before he goes to prison!
Don't conflate ENCLOSURE dimensions to mainboard dimensions.
Two different things - you can put a Chevy 350 in a Suburban or in a Corvette.
You can put a PC motherboard in a desktop enclosure or in a minitower or tower enclosure.
One enclosure uses only air convection cooling, another uses an aluminum heatsink. One enclosure has air vents and a raised top, the other has no air vents and a flush top on the aluminum heatsink.
Same board.
Painting The Tape With The Last Trade Of The Day - Then The Form T Cleanup Trade
Friday's NTEK Close
Afterhours Cleanup Trade
z $0.087 86,000 OTO 16:44:55
Last Trade To Paint Tape At Close
$0.0989 10,000 OTO 15:59:25
$0.092 10,000 OTO 15:59:24
$0.091 2,500 OTO 15:57:56
$0.09 13,000 OTO 15:57:04
$0.091 2,500 OTO 15:56:03
$0.09 1,000 OTO 15:56:01
$0.09 25,000 OTO 15:55:38
$0.09 37,000 OTO 15:55:37
$0.091 37,000 OTO 15:55:32
$0.091 2,500 OTO 15:54:20
$0.09 2,000 OTO 15:54:00
$0.09 2,500 OTO 15:53:45