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Because this is a pump and dump. Paid PR yesterday for them to dump today on the news. Classic in the pinks.
This is yet another penny stock scam with the typical fluff PR as if they discovered something that the best and brightest in Silicon Valley couldn't figure out. With regards to shorts, who margins $2.50 a share to buy a stock selling for one cent.
We finally agree!!! I can't imagine anyone being short NTEK as well. Who margins $2.50 a share for a stock selling for 4 cents? To buy $4500 worth of NTEK one would have to margin a quarter of a million dollars. Completely absurd! Any time people starts talking shorts in a penny stock it's a sure sign there's a scam going on.
This is great news? Really?? Breaking Bad has been on Netflix in 4K for years. I can binge watch the entire series for days and how much would that cost me verses utilizing scam UF? My guess is that if Mighty Mouse showed up on UF that would be lauded as well and people should load up on this unaudited penny stock scam.
Only thing brewing with this unaudited scam will be mounting losses and more bag-holders. The modus operandi with these penny scams are empty promises that never materialize, but the spinners are non-stop with their pushing of these pipe-dreams until failure and then on to the next scam.
The EOD paint is upon us. Only represents small buys whereas bagholders can't sell their huge lots and are stuck.
The most important thing about that article is the company's disclaimer:
Disclaimer – This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by Archangel Media Consulting, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” or “Archangel Media” refers to Archangel Media Consulting, LLC. Our business model is to be financially compensated to market and promote small public companies.
In other words it's another sham paid article to assist with this pump and dump scam.
I stand corrected, he's homeless in theory, but we all know he has millions in off-shore accounts literally stolen from shareholders via over a billion free shares he gave himself while in prison and diluted.
They want to believe that they're Paramount films just like they want to believe the daily short report means something. Anything to fool uninitiated investors into buying shares in this scam.
NTEK has no money. The founder's home is in foreclosure. No one at their HQ which has been locked and dark for months. They've lost two law suits and next week they have to disclose to the judge financial records which will for sure delineate the truth about this scam.
The obvious answer. No one in their right mind would short putting up $2.50 a share margin. Blaming shorts is just an excuse used to deflect the real reason of dumping MMEX.
Does it then make sense that to buy $2700 worth of MMEX a 'shorter' would have to margin $500,000. Who does that?
Anytime people start blaming shorts and/or MM in the penny world you know it's a scam and bagholders are trying to unload. Fat lady singing soon.
I'm surprised his home foreclosed especially after giving himself over a billion shares and his wife another 30 million for doing nothing.
Just like the EOD paint someone buys 100 shares this morning. Who legitimately buys 100 shares of a penny stock whereas the transaction fee is equal if not more?
I knew the shorts would be blamed for a red day with this scam. Come to think of it with the hundreds of thousands of Akyumen phones supposedly sold how come no one has ever seen one? They're like the proverbial NP-1s. Thousands shipped to retailers but never arrived anywhere.
Got to love the obvious EOD paint for under $5 literally seconds before market close. Who buys a hundred shares of a penny stock where the transactions fees cost the same if not more than the purchase? What a scam this is but it will be blamed on shorts and MM. Anytime people start blaming MM and shorts in the penny world that's a clear sign a scam is at hand.
Ouch!!!! Can't wait to hear how it's the shorts/MM fault tonight. Penny stocks realistically are scams and when you have a founder a convicted felon of multiple counts of fraud what do you expect.
What a joke!!! It says in the article that UF has 1400 titles. Really?? Never did never will. One lie after another with this unaudited penny scam.
I'll give it to you. Penny stocks can act strange. I've been following another scam where the founder just got of prison on multiple fraud counts and it was up precipitously last week. Go figure. It ain't over till the fat lady sings and she'll be singing I promise you that.
How many times have I read similar comments with penny scams. Legitimate companies don't do business with scams, etc. There's another scam that is down well over 90% and they were using the same lines. Because they were a simple app. that one could put on your TV all of the sudden they were supposed partners with Samsung, Sony, LG and the like. The vast majority of the time these legit companies don't even know the scam exists. I could say I'm a partner with Amazon, Costco, Nordstrom, Gillette, P&G as well using the same logic. I warned here last week and was told that it was going to go up the next day. Well it didn't and proceeded to decline precipitously. This scam is over. Maybe in a few months they'll post some fake PR to get another pop but the money here is over.
How absurd is that!! Like someone is going to margin $2.50 a share on a stock selling for 0.016. Let's do the math, to short $5000 worth of this stock one needs to margin over $300,000. In what Universe does that make sense?? Typical spin in penny world for a declining PPS is to blame shorts.
How is that fake news??? They're quoting directly from the form 8K. Is the form 8K fake too?
Please consider for future reference. The vast majority of penny stocks are scams. These waters are rife with dilution and manipulation plays by insiders. The smallest red flag is a sign to run and run fast. Never fall in love with a stock (in any market especially pinks). If a penny stocks runs up quickly that is already a red flag and any money to be made even off of a scam has already been done. Buying after a run is foolish and will ultimately resort in becoming a bag-holder.
So much for the big gains today but I'm sure like all these penny scams there will be a spin to paint a picture of great things coming. Blaming shorts is another one of the oldest tricks in the book but an absurd one. To short $2500 of this stock one would have to margin $250,000. What idiot would do that. The answer is obvious but with virtually every penny scam as the PPS starts downward the pumpers say it's the shorts fault and soon a short squeeze will happen. Anything to keep bag-holders holding and fools buying.
Overall a 2 day decline of 49% in the PPS fact. I love how some are stating it's a good thing as if consolidation. That's garbage, just like when people blame shorts for a PPS decline in the pinks.
Effectively a two day decline in PPS of 49% and people still trying to spin this penny scam as if blue skies coming. LOL
I said earlier this was a pump and dump. Why people believe nonsense that a penny stock with no cash is going to build a refinery that the multi-billion dollar oil companies missed. Especially now that executive orders have literally opened the.door to allow the industry to pollute freely.
Only a fool would buy a penny shock that was triple zeroes one month ago at these levels. Nothing real here but promises and we all know about promises in penny land. Now it's bag-holder time.
Really!!!? Institutional buyers buying a penny stock? LMAO
That's correct and will head right back down and the pumpers will disappear. Mark it!!
Yet another pump and dump penny scam. Going back to triple zeros. The penny world is loaded with these scams. It's always the same story, this one's for real, etc. When it goes back to 0.0001 these players disappear and move onto their next scam.
Yet another pump and dump penny stock. See how after this goes back to 0.001 and lower all the great things ahead people disappear and move on to their next scam. Look at all the proven P&D in past and will see the same scenario calling naysayers bashers and trying to get in at lower entry point. Really! Wash, rinse and repeat.
Always the same with these scams. The insiders have endless free shares that's who are selling. Always divert the truth by blaming MM or shorts which is absurd in these pinks. For the later who would margin $2.50 a share to short a penny stock? Here's a company that purported to be into cancer pharmaceuticals/research then out of the blue becomes a cannabis pain patch company. Only in the pinks will you find a complete business transformation model seemingly overnight and people think that's it legit.
The HHSE letter of intent has nothing to do with NTEK it's just another misguided pump to fool people into thinking something's going on with NTEK but it has nothing to do with them.
Just check out the PPS for the supposed 'partner' HHSE. For the last few years it has been in the dumps never goes anywhere. Just multiple PRs and promises and of course dilution without audits. Kind of like NTEK except NTEK down over 95% during that time.
One would think that NTEK has dozens of partnerships. I remember how they were partners with Amazon, Staples and Bestbuy to name a few. I'm going to Costco today I guess I'm a partner with them not to mention the companies I buy products there from.
They can write any sales figure they want. That is what these unaudited penny stocks do. They promise great things but in reality just sell shares. Amazing how people think that some penny stock can possibly compete with billion dollar R&D and top draw research talent that major pharmaceuticals already have. Not here to argue with anyone but I'll return in a few months and I can guarantee this stock will be nowhere but people will still be preaching great things coming soon. We'll see.
Let's get excited over less than a thousand dollars worth of trades of painting. This is a scam plain and simple.
Too bad no one else even heard of this movie no less would pay to see it.