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Sorry for your loss.
UGAZ? Nat Gas. Wow.
Foley's makin da money! BAM! FACT!
Much better to invest in FREE. They were $1.2 million a share in 2007. Imagine when it hits $1.2 million a share the money you could make!
You really would have more fun losing your money @ vegas.
Thanks Blue.
Found insane too? ha!
I guess he could get out before 2 with good behaviour? Maybe he can teach some inmates tricks to the trade.
"King of Content"
I don;t have the #'s but if you are basing this on the fact they have more 4K out there right now than anyone else, not going to argue with you. I don;t have the facts.
I do know lots of folks who are "King of Content" when it comes to baseball / hockey cards as well, they have a crapload of cards. They are worth nothing. I have a MILLION pennies. Am i rich?
How much is NTEK's content worth. Is it any good? How much is NTEK making on this content? That will tell you if their being "King of content" is any good.
Companies like this, you honestly do not have to do much research to see what is going on. Like I mentioned previously, I do not understand how someone can honestly think this is going to go anywhere. They are funding their "company" right now on the backs of naive shareholders and will have to continue to do so in the near future, possibly forever.
Just look at companies like FREE, NEWL, etc to see what I mean. FREE $1.2 million (yes; 1 Million, 200 Thousand Dollars) per share in 2007, now $.15. This is the path NTEK has chosen.
NTEK will go on for a time by diluting and being able to pay the bills that way. Only way I would be interested in this scheme is if I were Foley, his relatives (apparently running the company now??) or Royal.
Of which I am none of.
I am not interested in investing in this after doing my dd.
Didn;t have to dive deeper than the following to decide to steer clear:
My (at a glance) DD included:
- Looking at what the pps has been doing over the past 3 years
- Learning who is / was running NTEK
- Looking at their toxic Debt financing
That's all the DD I need to do on this. Little point to wasting DD time on this. It's right there what they are doing. Too many other legit companies out there to spend time on.
Spent more time writing this than I will be spending DD'ing on.
g/l though.
How long is his sentence for?
Will that be good? Looks like they had $514 mill in revs in 2014 and declared bankruptcy? Wonder what their net / eps will be...
Foley is a real life George Jung today. lol
Foley - In with Software Counterfeit; out with money Counterfeit.
Famous quote from Johnny Depp (aka George Jung) - Movie "Blow" (awesome movie btw):
haha, awesome.
You really have to believe the people on here who seem to support this have to be paid by foley.
I really hope they are or it is very sad with things so blatantly wrong with this thing.
Felt bad for the folks that got scammed by creatures like Madoff, cannot really feel bad for folks in this thing. It's right in front of them how this is going to end.
I was in and out of this a couple years ago when it was not quite so apparent of what is going on. Was lucky I guess and made a little bit.
Audited or unaudited financials?
Hey B,
I have not been up to speed with the situation.
Looks like Foley owns Royal? Is that true?
Don;t know if they have entered the market or not. Whomever posted the info it shows them restricted (don;t know if this is true).
Restricted are supposed to be "restricted" for a year.
I also do not know how how debt royal bought from NTEK.
What I do know is simple math. Even @ .003 those 500,000,000 shares Royal has would be worth $1.5 million.
Just at that value alone, what could NTEK possibly pull out of their hat to make it worthwhile for Royal, other than them dumping them? My guess is nothing.
If I'm Royal. I'm dumping those shares, making a very nice profit and move on to the next distressed company.
That's just me though, I can be very logical in my thinking as I have nothing in this.
In 2007, was $1.2 Million a shr split adjusted. lol.
And still on Nasdaq. Unreal how this can be.
Yea,
It's like:
NEWL ($400 / shr) now .0001
FREE ($1,200,000 / shr) now .16
lol. FREE = 1.2 Mill / shr at one time and still on NASDAQ?? How the hell does that happen?
FREE - "Most undervalued stock on Nasdaq". LMAO.
Look at the weekly back to year 2000. wow.
What if all of these hundreds of millions of shares enter the market and they also continue to be issued even more shares?
If I were Royal, either I get the deal I was promised or you offer me a better deal.
If you are NTEK and I am Royal, what offer would you give me that would be a better deal than I have right now with these shares?
Looks like all time Low hit today.
Gotta add a BAM !! FACT !! to that I guess.
Ya, he is gonna be one well off dude when he gets out of the can. Hopefully karma comes to him again. Feel bad for all the $$ people are losing in this. Guess we all have to learn the hard way though.
Well, human nature has us loving to watch death and destruction.
NTEK is a dandy when it comes to that, bar none.
Reminds me of spongetech back in the good ol days.
ya, guessing means its not certain.
However, I will say "It's for certain dumping will continue."
Nice.
Take some profits.....
The only ones who benefit a buyback here are the shareholders. A buyback does not benefit companies such as NTEK. Their business is selling shares. It would actually cost them to buy shares back.
People running NTEK are making loads of $$, why change things that are working? If I were in their position of caring less about shareholders, a share buyback is the last thing I want to do. Actually they should just announce it and then not do it. Lots of these types of scams do this, probably see it from NTEK in the future if the volume starts to dry up or they run out of ideas.
While it may be true they only need $10 a barrel to make a profit, Matt had mentioned (and I also read somewhere else), that they require about $100 per barrel in order to balance their budget (have to remember all they really have to export is oil)
I also thought the $10 is what you look at, it may be a little more complicated than that.
Think we are going below $26 on the correction?
I am sure you are. g/l.
It will probably rebound this time whenever the saudi's are able to cut production without having to worry about other countries filling the demand. You probably have a pretty good idea what is going to have to happen unfortunately for oil to have any kind of sustained rally.
We are probably looking at some nice bounces in near future, but not sure if I would want to hold anything beyond a bounce?
Oil to stay in the $30's for the next year or so?
Show of hands. Who here feels like a deer looking at headlights..
So how many did you pick up so far?
Trying to look for some good stocks I can just put my money in for a while. I am getting killed trying to day trade this market. Last 2 years nothing but losing money. You know it's bad when you get home and have a bad feeling about checking what your stocks are doing. Looking to get away from that and enjoy life.
Matt, any idea what happened to these guys?
$40 in 2014; now $1.63?
I know energy has gone south, but this is a huge drop?
I am browsing the filings; see 31 million shares offered @ $17.35 in March.
An absolute crapload of 6K's throughout the year (no idea what these are).
What the heck are these guys doing?
Interested in maybe looking at grabbing some but not sure what to make of them.
Did not check the AH trades to see how many traded. Simply read the last 8K and said I predict 2's on Monday because of it. Support @ .04 is not going to hold now.
I put a bit in this as a lotto 2 weeks ago and took a loss on it.
And fwiw, when i see people making statements like "you are shaking the leaves", "stock of the year coming", that's when I assume "rookie" (but I never call them out as a rookie.... until now). But, hey, maybe I am wrong in my assumption.
I hope you don't actually believe any of this stuff.
Writing was pretty much on the wall when the President, CEO, CFO and COO all resigned. When a company actually tells you via the Friday filing:
"...the Company does not anticipate there will be any value in its equity"
umm, put a fork in it. Over, done, finis.
The non-rookie move here would be to preserve your capital at this point, but hey, what do I know as I am apparently a rookie.
g/l though.
Didn't see how many. That's good then. Regardless,they look like they are in real bad shape. g/l though. I sold a week ago for a loss.
Yeah, looks like it was trying to make a run at the time of that post. Didn't break .071 and closed down for the day. The AH filing looks like it's now toast; probably .02's on Monday. Shorts have done and probably will do very good going forward. Company's toast. Last paragraph sums it pretty much up.
Unless you have insider knowledge and know this thing is going to go belly up...
There are your shorts. Guaranteed money.
Just going by what the charts show.
20's fall and looks like 17's to me.
I'm avg'd @ 23 right now.
20's better hold or looks like 17's real quick? If this low volume keeps up...
IDN - Looking good lately. Slowly moving up... Above the 200 now.