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.
David Foley's first appeal to the District court was rejected with a one line DENIAL. What a slapdown. In fact EVERYTHING he asked for was all denied in that one line denial. The court didn't even give him the courtesy of an issue by issue reasoning for the rejection of every single issue he asked for in the appeal. A total slapdown!
He has a NOTICE TO APPEAL filed with the Ninth Circus Court of Appeals (available on PACER to public), but he has NOT been granted bail and has been ordered by the court to report to PRISON on 27 March 2014.
He may actually file an appeal brief, but that will not change his incarceration date. He currently does not have bail for an appeal. Just like 99 percent of inmates - they serve their time while the appeal is pending. (And 100 percent of prisoners claim to have been screwed by their lawyer! Just like Andy Dufresne's famous line in Shawshank Redemption.))
Just like Jeff Skilling of Enron who appealed his sentence calculation. Maybe NTEK's senior technologist will run into Jeff Skilling in the Federal pen.
Lunch - 03 April 2014 (APPEAL PENDING)
From official Netflix Wiki:
"History
Netflix headquarters in Los Gatos
Netflix was founded in 1997 in Scotts Valley, California by Marc Randolph[15][16] and Reed Hastings, who previously had worked together at Pure Software. Randolph was a co-founder of a computer mail order company by the name of MicroWarehouse. Later he was employed by Borland International as vice-president of marketing. Hastings, once a math teacher, had founded Pure Software, which he had recently sold for $700 million. Hastings invested $2.5 million in start up cash for Netflix.[17] The idea of Netflix came to Hastings when he was forced to pay $40 in overdue fines after returning Apollo 13 well past its due date.[18] The Netflix website was launched on August 29, 1997[19] with only 30 employees and 925 works available for rent and brought a more traditional, online pay-per-rental model (US $4 per rental plus US $2 in postage; late fees applied).[20] Netflix introduced the monthly subscription concept in September 1999,[21] and then dropped the single-rental model in early 2000. Since that time the company has built its reputation on the business model of flat-fee unlimited rentals without due dates, late fees, shipping and handling fees, or per title rental fees."
Not a peep about any "Mitch Lowe" in the Netflix history.
Dinner - 05 April 2014
It's part of a PATTERN OF DECEIT by NTEK and Foley. Not only was the Christmas date phony. What was really in the Foxconn boxes in David Foley's tweet of a US warehouse on 22 January 2014 if the company is NOW claiming the ephemeral NP-1s are on a SLOW BOAT FROM CHINA???
Delusions?
Hallucinations?
Loss of contact with reality?
Or, as you say, lies?
Selling a Private Placement to a New Investor - 02 April 2014
14 November 2013:
Interviewer: "So when is this set top box (NP-1) coming out?"
David Foley: "It's coming out for this Christmas."
Another "error" from the Senior Technologist and Founder of NTEK.
At 47:07 of
http://kcaaradio.celestrion.net/kcaa-podcasts/aaron/20131114.html
Court-ordered mental health treatment - 30 March 2014
So what were in the boxes in the US warehouse (with ONE showing a Foxconn logo) in David Foley's infamous tweet of 22 January if the latest rumor is that the NP-1 is on a ship somewhere in the Pacific???
Will it wash up on some island in Micronesia in a year like that fisherman drifting for over a year did?
Dinner 29 March 2014
Since NTEK's founder and main spokesman, David Foley, will be in Federal prison starting 27 March 2014 and thus unable to travel to trade shows and the NTEK shareholder meeting, NTEK will have to bring the trade shows and annual shareholder meeting to him.
This could be NTEK's new HQ location, starting 27 March 2014. Note the 4K display and the many interested future investors in the demo. Perhaps this can be the location for the 2014 NTEK shareholders' meeting. Perhaps NTEK can have the company logo in a prison tat - maybe "4K 4 Life (without parole)" or "NP-1 or Manson - which will be out first?" They could have a "really soft" launch of UltraFlix stream reruns of "Locked Up", "Oz", and "Prison Break" in 4K into one of the prison's in-house channels. This is truly a "captive audience" for UltraFlix!
This could be the next CES (Criminal Electronics Show) for NTEK.
"Counsel, who had no experience in the practice of criminal law, never informed Mr. Foley that Mr. Foley, if imprisoned, would not be able to conduct work or communicate with co-workers about his business."
NTEK's founder and chief technical employee, David Foley, will have a new NTEK office starting 27 March 2014. NTEK's product development will have to go through this office:
"Mr. Foley was planning to be able to work and communicate with his work if he was to face imprisonment at sentencing. Counsel, who had no experience in the practice of criminal law, never informed Mr. Foley that Mr. Foley, if imprisoned, would not be able to conduct work or communicate with co-workers about his business."
NTEK's founder, David Foley, is shocked that he can't run a home office from Federal prison and keep promoting NTEK. Oh my, that is such a shock. I'll bet he will also be crushed when he finds out that he cannot order-in pizza delivery in Federal prison. Shocking!
NTEK will have to find a new tweeting Twitter spokesperson, and a new frontman to shovel false rumors about the still unreleased, undelivered, NP-1 that has never been given to a major independent third-party to review and publish performance specs on. David Foley has been the NTEK spokesperson on Youtube. But wait til he finds out, shockingly, that he can't post videos from prison.
Is the NEW NTEK CEO, David's brother, up to the task of stepping in for NTEK founder and key spokesperson, David Foley, while David is doing his prison sentence? We'll soon find out.
Dinner - 29 March 2014
U.S. Probation and Pre-Trial Services in their Pre-Sentence Investigation Report (PSIR) and the Court evidently found that NTEK's David Foley needs to have mental health treatment as a condition of his parole/post-prison probation and supervision.
SPECIAL CONDITION 4 (mental health treatment program)
His continued illegal stock promotion activities while an insider of the publicly traded corporation he is promoting AFTER he has been convicted is evidence that his probation/parole officer will be made aware of shortly. This pattern of continued illegal activities while on bail is material to a possible revocation of bail immediately (in which case the US Marshal would vacuum him up and deposit him in Santa Clara county jail until the BOP can take him - likely until 27 March 2014 which is his current reporting date) - and is a factor that would INCREASE his sentencing level under the Federal sentencing guidelines by REMOVING a 2-3 level credit he received for entering into a plea agreement:
"A 2- or 3-level offense level decrease is typically granted for acceptance of responsibility if the defendant accepts a plea bargain. However, the decrease will not apply if the defendant demonstrates behavior, such as continued criminal activity, that is inconsistent with acceptance of responsibility.
So Foley's continued illegal promotional activities of NTEK may come back to bite him on the rear even if he were to somehow get re-sentenced (which is about as likely as him walking on the Moon next Tuesday) - by increasing his sentencing level calculation.
Thus, I can see why the PSIR and the Court found that he needs to be in a mental health treatment program because his post-conviction behavior is clear evidence of a self-destructive mental health defect.
Breakfast - 29 March 2014
Janice, the more ridiculous assertion of the TTDZ PR is that the letter originated from a law office and the law office FORGED a dead lawyer's signature! That is not only FORGERY, but it is basically automatic disbarment if any attorney did that!
The letter was drafted and is dated 30 January 2014. No lawyer is going to write that letter and FORGE a dead lawyer's signature by Photoshopping it.
"We placed the order for the Attorney Opinion Letter with someone acting as an associate to the law firm. Later on we received the Opinion Letter after we paid the required fee, and uploaded it to the OTC site."
That is a complete lie and implausible on its face. Bye-bye, Greg (or whomever originated the PR) - you're going to be indicted when the FBI investigates this - and this bullsh*t PR is ANOTHER COUNT of securities fraud or at least attempted securities fraud if the perp didn't benefit financially. Add that to FORGERY and SECURITIES FRAUD from the posting of the forged, fake letter on OTC.
Kitt, no - NTEK's convicted felon David Foley can still appeal to the Ninth Circus Court of Appeals, but that would be unsuccessful also. It would also breach his plea agreement.
Foley has asked for bail, but the DOJ is opposing that request and the District Court will again deny that request, just like they slapped him down on what was effectively a motion to reconsider couched as a motion to correct a typo (so he can try to claim he didn't breach his plea agreement by filing an appeal in the form of a motion to reconsider). The District Court is clearly fed up with Foley and his antics - as you can tell from the one-line slapdown of several requests - with not even a courtesy explanation.
Bottom line, David Foley will be going to Federal prison on 27 March 2014. Inmate #13141-111. http://www.bop.gov/inmateloc/
Dinner - 28 March 2014
No, Foley is going to prison on 27 March 2014. Any appeal he files will be adjudicated while he is in PRISON. And it will be denied, BTW. The court has ordered he begin prison on 27 April 2014. The appeal will proceed while he is in prison. Just as it did for Enron's Jeff Skilling who appealed his sentence calculation.
He is inmate number 13141-111. You can find him on the BOP Inmate Locator website. Just Google "inmate locator bop". He's in the pipeline and ordered to self-surrender on 27 March 2014.
Breakfast - 28 March 2014
Yes, FBI - they investigate FORGERY and SECURITIES FRAUD. Ask imprisoned CEOs like Rufus Paul Harris, Jim Bolt, and many, many others.
They will be all over this and this crime is already on the SEC's radar screen.
The company is LYING.
You don't "place an order for an opinion letter" - you have to communicate with an attorney about the underlying matter and related facts being attested to in a letter. There would be a name, fax, email, and phone records of the transmission of data, discussion regarding the underlying matter in the letter, etc.
This claim of not knowing the person is baloney. The company fabricated this letter and uploaded it, and the FBI will be all over this one.
And Greg has just dug his hole deeper by issuing in print another provable LIE.
Bye-bye, Greg. See you on the BOP Inmate Locator website.
You don't "place an order for an opinion letter" - you have to communicate with an attorney about the underlying matter and related facts being attested to in a letter. There would be a name, fax, email, and phone records of the transmission of data, discussion regarding the underlying matter in the letter, etc.
This claim of not knowing the person is baloney. The company fabricated this letter and uploaded it, and the FBI will be all over this one.
NTEK's David Foley said NTEK would launch Ultraflix on Superbowl Sunday in this video interview:
minute 2:15
note he claims to have 50 features and will have 75 by Superbowl Sunday " which is our Ultraflix Launch."
and David Foley laughs when the guy says - so you will have plenty of stuff to watch after the SuperBowl game!
Oh well, another BS promise unfulfilled. No Superbowl commercial, no evidence of any Ultraflix launch, no deliveries of NP-1 despite NTEK's Foley's tweet on January 22 claiming the N-1 were in Foxconn boxes in a US warehouse.
NTEK should get a more credible spokesman - like Baghdad Bob.
Lunch - 28 March 2014
Wow, that was a great Superbowl commercial NTEK ran. Right along with the NP-1 deliveries and the Ultraflix non-launch.
Yeah, baby, it all came together just like the pumpers and NTEK's David Foley said it would!
All those NP-1 Foxconn boxes in the US warehouse in Foley's January 22nd tweet - and yet nobody has received even one shipment of one NP-1.
Oh what a SCAM.
Breakfast - 28 March 2014
Welcome to the Henry Jan iEquity smoke and mirrors show - using fake iEquity shells to do fake deals with a fake SKTO trading sardine with no actual business address that has an office.
Meanwhile, Henry Jan prints more shares and dumps them to the suckers watching his smoke and mirrors act.
Yes, a Hipple/Jan share-printing and stock distribution scam.
That is all SKTO is.
As long as the company is going to post fake, forged legal letters with Photoshopped signatures of dead lawyers, at least pick a better dead lawyer.
Maybe Photoshop F. Lee Bailey's or Johnnie Chochran's signature.
What the hell are you talking about? Nobody is suing anybody over the unicorn NSS you people keep claiming. The bankruptcy trustee just walked away and said the SEC and Solution Funding can fight between themselves to see how they split the little money there is.
"At this point, BTR has no “dog in this fight.” It has preserved and liquidated its assets for the benefit of its creditors as best as it could. However, BTR is hopelessly insolvent.
There will be nothing left for BTR or its equity holders. The only question now is which creditors are entitled to be paid what remains. It is a fight among creditors. BTR itself has no stake. It makes no sense for the Receiver or his counsel to continue their involvement, which will only result in the amount to be distributed to creditors to be diminished."
Why do you people persist in avoiding the reality that Metter and Moskowitz ran a stock fraud? Mosky made up fake customers, fake sales numbers, paid his relative to go buy sponges off the shelves at Wal-Marts, issued more than 2 BILLION shares, filed fraudulent financials, and provided fake attorney opinion letters under a phony name David Bomart, just like he did with fake letters from "Flo Weinberg" in his NYC tax case.
Moskowitz was the CFO - reporting fake sales from non-existent customers, made-up revenue numbers, his lies are epic. He even instructed Eisenberg to set up fake accounts to dump SPNG stock- read the PACER docs for Eisenberg.
Now Mosky gets to go to prison for it.
No evidence at all of that - but it is known that Moskowitz dumped over 2 BILLION unregistered shares onto the market by issuing that many shares and then illegally unrestricting them with fake David Bomart letters.
Look up "shorting against the box" - it is a classic way restricted shares are dumped while pending a delegending. That happens all the time - it's not really naked because the broker has the restricted shares in the account and is only waiting for backoffice delegending of the shares to deliver them.
Moskowitz cranked out TWO BILLION illegal unregistered shares that were sold into the market.
10 million shares is nothing compared to TWO BILLION.
The only question is WHEN the stock is halted: Monday, Tuesday, or Wednesday.
I expect the SEC and FINRA will allow it to open and then watch the trading. Any big price/volume moves will prompt a same-day halt. Otherwise it will be Tuesday or Wednesday.
NO attorney is dumb enough to Photoshop the signature of an attorney who is dead onto a letter written and dated six months after his death! This forgery did not come from any law firm - it was uploaded by the company and then retracted by the company when they got caught by iHUBbers who contacted OTC.
That is forgery, in this case also securities fraud, and disbarrment.
What the HELL are you people thinking even to propose these bizarre theories?
If is a forged, fake letter uploaded by the company who then claimed it was uploaded "in error" - not that somebody fraudulently uploaded it for them.
The company uploaded a forged, fraudulent letter. The forgery was uncovered by samsamiam and that was disclosed. As a result of the publication of the forged letter, the stock made a material move in price and volume. Material harm to the investment community and stock manipulation was caused by the uploading of a forged, fraudulent opinion letter by the company.
Result: SEC and FINRA are all over this. Whether they are working on the Superbowl weekend or not will determine whether the stock is halted and an SEC suspension occurs Monday or Tuesday/Wednesday.
If the stock is allowed to trade Monday and if it moves Monday on price and volume, it will be halted first thing Tuesday and a SEC suspension will follow shortly.
This is an egregious case and folks at the SEC and FINRA do not want to be accused of allowing further harm as a result of this blatant stock manipulation with a forged attorney letter from a along-dead lawyer who hasn't done any work for the company since 2011. The Photoshopped signature is hilarious!
Foley's bail motion will be denied. He cannot show (and has not shown) the requirement that any appeal is likely to result in a reversal on law, a retrial, or a reduction of sentence.
What a complete waste of paper and attorney time.
He's going in the joint on 27 March 2014. Ain't nuffin gonna stop that.
I do hope he does appeal his sentence and/or plea and the DOJ then is unbound from the terms of the plea agreement and prosecutes him on the remaining counts which were dismissed WITHOUT PREJUDICE and with a tolling agreement in the plea deal that tolls the statute of limitations for those counts.
THEN we can see some serious prison time. And this court is clearly tired of Foley's antics as you can see by the slapdown denial of his prior motion without even the courtesy of a reacharound ... err ... point-by-point explanation of the bases for the denial of each requested relief element of the motion.
Jerry Mullins is really f'king this up by p'ing off the Court and arguing everything. Dude, you have to pick your spot and drive on the ONE thing. When you attack everything the Court has decreed, all you do is p them off and you get nothing.
Maybe he's just draining Foley's retainer. Who knows. This is pointless though.
Can't wait to see this clown Foley get what he deserves - 60+ months.
Now that would be poetic justice - the more he whines, the worse his situation gets.
And furthermore, NO attorney is dumb enough to Photoshop the signature of an attorney who is dead onto a letter written and dated six months after his death!
That is forgery, in this case also securities fraud, and disbarrment.
What the HELL are you people thinking even to propose these bizarre theories?
If is a forged, fake letter uploaded by the company who then claimed it was uploaded "in error" - not that somebody fraudulently uploaded it for them.
It was no "accident" - it was a blatant fraud that was only caught by samsamiam's amazing diligence!
No, legally a merged entity is the same company and inherits all the legal and regulatory liability from both merger partners. The merged entity is the successor-in-interest and the successor-in-liability for all the entities that have been merged.
The SEC and the FBI will be all over this. It is an open-and-shut case of securities fraud and forgery. With today's volume and price action based on this forgery, it will be large on the SEC's radar screen Monday if it isn't already.
Should take them about a day or two to halt the stock and issue a trading suspension.
Um, the fake letter was dated January 30, 2014 and signed by Gary Muggs as the attorney.
"Tomorrow I'll go over there to see if its open and whom i can talk to regarding the accuracy and validity of the oppinion report (& to see if it even exists of course)."
Gary Muggs died in August 2013. He not only cannot sign the letter, nobody else can sign for a dead attorney. Good luck asking a law firm if they FORGED the signature of a long-dead lawyer on a letter dated two days ago! I'm sure they will say "sure". Plus Muggs hasn't represented TTDZ since 2011 - they have had at least two new legal counsels replacing him since then - according to the company's own documents - latest guy is from San Diego.
Are you people really this stupid? You think it might be "valid and accurate" but somehow bear a signature from a long-dead lawyer who is obviously legally incapable of signing a document?
The document is unquestionably fraudulent.
Or perhaps can I interest you in an autographed photo of JFK at the Apollo 11 moon launch? I can let you have it for $1500. CASH ONLY.
Or if he was a clairvoyant.
http://www.theclairvoyantsecuritieslawyer.com
http://www.clairvoyantCPA.com
The SEC should be suspending trading on this issue anytime now after the debacle of the Dead Lawyer Opinion Letter today and the price/volume as a result.
Depends on whether the SEC is working over the weekend or not. Probably get to it Tuesday.
$309 BILLION in gold reserves - Randy Hoff should have mined at least a billion of that by now - 0.32 percent - in a year.
Where else can you get a $0.15 dividend per share on a stock that's selling for $0.02 cents and falling.
Such a deal the firewood-splitter CEO Randy Hoff is offering.
I mean, for 2 cents a share why is he not buying up all the shares up to 15 cents?
I mean this is like a guy selling $20 bills for $3. Send me $3 today and I promise I'll send you a check for $20 in a week.
He has $10 million in the bank - he publicly claimed. He could buy up the entire float.
Hell, if the company had 15 cents a share, they could easily buy up the entire float and retire the shares all except for one - held by Randy.
Maybe he just wants the little guys to get in on the big win, eh?
What a guy!
He doesn't even know how to tell remotely believable lies. Like a guy telling you he runs the 100 yard dash in 2 seconds. And also a five second mile, all while having a 600 pound barbell on his shoulders.
LOL - what a freaking chucklehead!
How many legal opinion letters did a DEAD attorney sign to unrestrict restricted TTDZ stock for dumping into the market?
Mr. FBI Agent has a few questions for Mr. Transfer Agent.....
In re: Dead Lawyer Muggs
Since SPNG's Steve Moskowitz hasn't been sentenced yet, I understand David Bomart, Esq. is available to provide legal opinion letters.
And nobody can prove that David Bomart is dead!
I wonder how many legal opinions Dead Lawyer Muggs has signed off on for selling restricted shares of TTDZ.